Average Bill and Account Collectors Salary in Chattanooga, TN-GA
In Chattanooga, TN-GA, Bill and Account Collectors typically earn an average annual salary of $44,020. This figure falls slightly below the national average of $48,000, a common trend in regions where the cost of labor and operational expenses may be more moderate compared to major metropolitan hubs. Local economic factors and industry demand play a significant role in shaping compensation for these essential financial roles.
Executive Summary
- Average Salary: $44,020 per year.
- Growth Trend: Salaries have shifted 39.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,330.
- Outlook: The Chattanooga, TN-GA market for Bill and Account Collectors shows a stable presence, with a total local workforce of 230 individuals. The Location Quotient of 0.81 indicates a concentration slightly below the national average, suggesting that while the profession is present, it is not disproportionately dominant within the local job landscape. This steady workforce size implies consistent, albeit not rapidly expanding, demand for these services.
Salary Overview
The average Bill and Account Collectors in Chattanooga, TN-GA earns-8.3%below the national average.
$21.2
$847
$3,668
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Chattanooga's Bill and Account Collector salaries over the past four years isn't provided, it's reasonable to assume a general upward trend mirroring national patterns. Economic shifts, inflation, and evolving collection practices often contribute to incremental salary growth in most sectors. Therefore, professionals in this field likely experienced modest increases in their earning potential over recent years, aligning with broader economic adjustments.
Bill and Account Collectors Salary Distribution in Chattanooga, TN-GA
The salary trajectory for Bill and Account Collectors typically escalates with experience. Entry-level positions often start at 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 pay clearly signify career progression, rewarding accumulated expertise, negotiation skills, and the ability to manage complex accounts effectively.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,610 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,015 | $15.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,950 | $18.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,025 | $26.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,330 | $30.9 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,020
Gross Pay
Real Wage (Purchasing Power)
$44,020
Adjusted for COL (100)
With an average annual salary of $44,020 and a Cost of Living Index at the national average of 100, the purchasing power for Bill and Account Collectors in Chattanooga, TN-GA is directly comparable to the national median. This means that the nominal salary translates relatively accurately to the cost of goods and services, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
0.863
Per 1K Jobs
0.81
Location Quotient
Chattanooga, TN-GA has 0.81x the national average concentration of Bill and Account Collectors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.81 for Bill and Account Collectors in Chattanooga, TN-GA suggests a job market that is neither oversaturated nor exceptionally scarce. This figure, slightly below the national average, indicates a balanced supply and demand dynamic. While there are dedicated professionals in the field, the market isn't characterized by an overwhelming abundance of collectors relative to other occupations, implying a steady need for qualified individuals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Bill and Account Collectors Salary | $34,790↓ 21% | 23 mi |
| Dalton, GA Bill and Account Collectors Salary | $42,510↓ 3% | 26 mi |
| Huntsville, AL Bill and Account Collectors Salary | $50,300↑ 14% | 83 mi |
| Gadsden, AL Bill and Account Collectors Salary | $34,040↓ 23% | 85 mi |
Comparing salaries near Chattanooga, TN-GA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Chattanooga, TN-GA?
The median annual salary for a Bill and Account Collectors in Chattanooga, TN-GA is $44,020. This typically ranges from $30,610 for entry-level positions to $64,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chattanooga, TN-GA is 8.3% lower than the national median of $48,000.
Is Chattanooga, TN-GA a lucrative place for Bill and Account Collectorss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $44,020 is below the national average of $48,000, although the cost of living is also at the national average, making the purchasing power comparable.
Is Chattanooga, TN-GA a good place to live for Bill and Account Collectors?
The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chattanooga, TN-GA?
Some top paying nearby cities include Cleveland, TN ($34,790) and Dalton, GA.
How does Chattanooga's salary compare to the national average for this role?
Bill and Account Collectors in Chattanooga, TN-GA earn an average of $44,020 annually, which is approximately $3,980 less than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Chattanooga?
The concentration, measured by the Location Quotient, is 0.81, indicating that this profession is slightly less prevalent in Chattanooga compared to the national average.
Does the cost of living in Chattanooga affect the value of the salary?
No, the cost of living in Chattanooga is exactly at the national average (100), meaning the $44,020 salary has a purchasing power equivalent to the national median.
How many Bill and Account Collectors are there in Chattanooga?
There are approximately 230 Bill and Account Collectors working in the Chattanooga, TN-GA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Chattanooga, TN-GA area with a job density of 0.863 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 Chattanooga, TN-GA