Average Bill and Account Collectors Salary in Charlotte-Concord-Gastonia, NC-SC
In Charlotte-Concord-Gastonia, NC-SC, Bill and Account Collectors earn an average annual salary of $44,270. This figure is slightly below the national average of $48,000, suggesting that local market dynamics and potentially a different cost-of-living structure influence compensation for this role. Understanding these local factors is key to assessing the true value of this salary.
Executive Summary
- Average Salary: $44,270 per year.
- Growth Trend: Salaries have shifted 15.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,830.
- Outlook: The Charlotte-Concord-Gastonia area supports a local workforce of 1,980 Bill and Account Collectors, with a Location Quotient of 1.38. This indicates a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing demand for professionals in this field within the region. The presence of nearly 1.5 jobs per 1,000 workers further underscores the active job market.
Salary Overview
The average Bill and Account Collectors in Charlotte-Concord-Gastonia, NC-SC earns-7.8%below the national average.
$21.3
$851
$3,689
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bill and Account Collectors in Charlotte-Concord-Gastonia have seen gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically contribute to incremental increases in compensation for established roles.
Bill and Account Collectors Salary Distribution in Charlotte-Concord-Gastonia, NC-SC
Career progression for Bill and Account Collectors typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience in collections, negotiation, and compliance can command salaries well above the average. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,390 | $13.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,203 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,360 | $21.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,338 | $26.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,830 | $27.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,270
Gross Pay
Real Wage (Purchasing Power)
$44,270
Adjusted for COL (100)
The average annual salary of $44,270 in Charlotte-Concord-Gastonia aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Bill and Account Collector's salary in this region is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
1,980
Total Jobs
1.475
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Charlotte-Concord-Gastonia, NC-SC has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.38, Charlotte-Concord-Gastonia exhibits a higher concentration of Bill and Account Collector positions than the national average. This suggests that the job market in this area is more specialized and potentially more competitive for employers seeking talent, while offering more opportunities for job seekers in this specific occupation.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Hickory-Lenoir-Morganton, NC Bill and Account Collectors Salary | $42,800↓ 3% | 45 mi |
| Spartanburg, SC Bill and Account Collectors Salary | $44,250↓ 0% | 64 mi |
| Eastern North Carolina nonmetropolitan area Bill and Account Collectors Salary | $40,740↓ 8% | 65 mi |
| Western North Carolina nonmetropolitan area Bill and Account Collectors Salary | $42,220↓ 5% | 65 mi |
| Central North Carolina nonmetropolitan area Bill and Account Collectors Salary | $41,720↓ 6% | 65 mi |
Comparing salaries near Charlotte-Concord-Gastonia, NC-SC
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Charlotte-Concord-Gastonia, NC-SC?
The median annual salary for a Bill and Account Collectors in Charlotte-Concord-Gastonia, NC-SC is $44,270. This typically ranges from $27,390 for entry-level positions to $57,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlotte-Concord-Gastonia, NC-SC is 7.8% lower than the national median of $48,000.
Is Charlotte-Concord-Gastonia, NC-SC a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.While the area has a higher concentration of these jobs (LQ 1.38), the average salary of $44,270 is below the national average of $48,000, and the cost of living is on par with the national average.
Is Charlotte-Concord-Gastonia, NC-SC a good place to live for Bill and Account Collectors?
The Cost of Living Index in Charlotte-Concord-Gastonia, NC-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlotte-Concord-Gastonia, NC-SC?
Some top paying nearby cities include Hickory-Lenoir-Morganton, NC ($42,800) and Spartanburg, SC.
How does the Charlotte-Concord-Gastonia salary compare to the national average?
The average annual salary for Bill and Account Collectors in Charlotte-Concord-Gastonia is $44,270, which is approximately $3,730 less than the national average of $48,000.
What is the significance of the Location Quotient (LQ) in Charlotte-Concord-Gastonia?
An LQ of 1.38 indicates that Bill and Account Collector jobs are 38% more concentrated in Charlotte-Concord-Gastonia than the national average, suggesting a stronger local demand for this profession.
Does experience impact salary for Bill and Account Collectors in this area?
Yes, like most professions, experience significantly impacts earning potential. Senior collectors with specialized skills and a proven track record typically earn considerably more than entry-level collectors.
How does the cost of living affect the salary of a Bill and Account Collector in Charlotte-Concord-Gastonia?
With a Cost of Living Index of 100, the local cost of living matches the national average. Therefore, the $44,270 salary offers purchasing power equivalent to the national median, making it neither exceptionally high nor low in real terms.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,980 employees in the Charlotte-Concord-Gastonia, NC-SC area with a job density of 1.475 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 Charlotte-Concord-Gastonia, NC-SC