Average Bill and Account Collectors Salary in Charleston-North Charleston, SC
In Charleston-North Charleston, SC, Bill and Account Collectors earn an average annual salary of $44,780. This figure is slightly below the national average of $48,000, a common occurrence where regional economic factors and the specific demand within a metropolitan area can influence compensation levels. The local job market dynamics play a crucial role in shaping these salary expectations for this vital financial role.
Executive Summary
- Average Salary: $44,780 per year.
- Growth Trend: Salaries have shifted 31.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,150.
- Outlook: The Charleston-North Charleston area supports a local workforce of 420 Bill and Account Collectors. With a Location Quotient of 1.01, the concentration of these roles is very close to the national average, indicating a stable and established presence within the region's employment landscape. This suggests a consistent, albeit not rapidly expanding, demand for these professionals.
Salary Overview
The average Bill and Account Collectors in Charleston-North Charleston, SC earns-6.7%below the national average.
$21.5
$861
$3,732
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Charleston-North Charleston is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving collection regulations typically contribute to modest annual increases in compensation for this profession.
Bill and Account Collectors Salary Distribution in Charleston-North Charleston, SC
Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records in debt recovery and client management can command significantly higher salaries. The percentile gaps in earnings clearly signify the value placed on experience and specialized skills within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,000 | $15.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,585 | $16.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $42,860 | $20.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,975 | $26.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,150 | $28.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,780
Gross Pay
Real Wage (Purchasing Power)
$44,780
Adjusted for COL (100)
The average annual salary of $44,780 in Charleston-North Charleston aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bill and Account Collector's salary in this area is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
420
Total Jobs
1.081
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Charleston-North Charleston, SC has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.01 for Bill and Account Collectors in Charleston-North Charleston signifies that the concentration of these jobs in the area is almost identical to the national average. This suggests a balanced job market where the supply of collectors closely matches the demand, making it neither exceptionally competitive nor oversaturated.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Hilton Head Island-Bluffton-Port Royal, SC Bill and Account Collectors Salary | $40,740↓ 9% | 63 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Bill and Account Collectors Salary | $39,130↓ 13% | 88 mi |
| Savannah, GA Bill and Account Collectors Salary | $46,900↑ 5% | 89 mi |
| Northwestern South Carolina nonmetropolitan area Bill and Account Collectors Salary | $38,890↓ 13% | 91 mi |
Comparing salaries near Charleston-North Charleston, SC
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Charleston-North Charleston, SC?
The median annual salary for a Bill and Account Collectors in Charleston-North Charleston, SC is $44,780. This typically ranges from $33,000 for entry-level positions to $59,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston-North Charleston, SC is 6.7% lower than the national median of $48,000.
Is Charleston-North Charleston, SC a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.The average salary of $44,780 is slightly below the national average, and the cost of living is exactly at the national average, indicating standard earning potential.
Is Charleston-North Charleston, SC a good place to live for Bill and Account Collectors?
The Cost of Living Index in Charleston-North Charleston, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston-North Charleston, SC?
Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($40,740) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the local salary compare to the national average?
The average annual salary for Bill and Account Collectors in Charleston-North Charleston is $44,780, which is slightly lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Charleston-North Charleston?
The concentration, measured by the Location Quotient, is 1.01, indicating that the number of Bill and Account Collectors per worker is very close to the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the salary of $44,780 has the same purchasing power as the national average salary, meaning it is neither significantly boosted nor diminished by local expenses.
What is the total number of Bill and Account Collectors in the area?
There are approximately 420 Bill and Account Collectors employed in the Charleston-North Charleston, SC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Charleston-North Charleston, SC area with a job density of 1.081 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Charleston-North Charleston, SC