Average Bill and Account Collectors Salary in Cincinnati, OH-KY-IN
In Cincinnati, OH-KY-IN, Bill and Account Collectors earn an average annual salary of $48,780, slightly surpassing the national average of $48,000. This marginal increase is often influenced by the specific economic dynamics and demand within the tri-state region, reflecting local market conditions rather than a broad national trend.
Executive Summary
- Average Salary: $48,780 per year.
- Growth Trend: Salaries have shifted 29.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,040.
- Outlook: The Cincinnati, OH-KY-IN area supports a robust local workforce of 1,440 Bill and Account Collectors. With a Location Quotient of 1.23, this indicates a higher concentration of these roles compared to the national average, suggesting a steady demand and a potentially stable job market for professionals in this field within the region.
Salary Overview
The average Bill and Account Collectors in Cincinnati, OH-KY-IN earns+1.6%above the national average.
$23.5
$938
$4,065
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Bill and Account Collectors in Cincinnati, like in most markets, have experienced gradual growth over the past four years. This trend is typically driven by inflation, increasing operational costs for businesses, and a consistent need for effective collections management.
Bill and Account Collectors Salary Distribution in Cincinnati, OH-KY-IN
Career progression for Bill and Account Collectors in Cincinnati, OH-KY-IN, 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, reflecting their expertise and value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,470 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,585 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,000 | $22.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,975 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $65,040 | $31.3 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$48,780
Gross Pay
Real Wage (Purchasing Power)
$48,780
Adjusted for COL (100)
The average annual salary of $48,780 in Cincinnati, OH-KY-IN aligns perfectly 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 balanced financial landscape for residents.
Job Market Context
1,440
Total Jobs
1.318
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Cincinnati, OH-KY-IN has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.23 for Bill and Account Collectors in Cincinnati, OH-KY-IN signifies that this profession is more concentrated in this area than the national average. This suggests a healthy and potentially competitive job market, where employers may actively seek out skilled individuals, and job seekers have a slightly better chance of finding relevant opportunities.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Dayton-Kettering-Beavercreek, OH Bill and Account Collectors Salary | $46,720↓ 4% | 50 mi |
| Lexington-Fayette, KY Bill and Account Collectors Salary | $50,000↑ 3% | 73 mi |
| Muncie, IN Bill and Account Collectors Salary | $39,060↓ 20% | 89 mi |
Comparing salaries near Cincinnati, OH-KY-IN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Cincinnati, OH-KY-IN?
The median annual salary for a Bill and Account Collectors in Cincinnati, OH-KY-IN is $48,780. This typically ranges from $36,470 for entry-level positions to $65,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cincinnati, OH-KY-IN is 1.6% higher than the national median of $48,000.
Is Cincinnati, OH-KY-IN a lucrative place for Bill and Account Collectors?
Yes, with a slight edge over the national average.Bill and Account Collectors in Cincinnati earn slightly more than the national average, and the cost of living is on par, indicating good earning potential relative to expenses.
Is Cincinnati, OH-KY-IN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cincinnati, OH-KY-IN?
Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($46,720) and Lexington-Fayette, KY.
How does the Cincinnati Bill and Account Collector salary compare to the national average?
The average annual salary for Bill and Account Collectors in Cincinnati, OH-KY-IN is $48,780, which is slightly higher than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Cincinnati?
Cincinnati has a higher concentration of Bill and Account Collectors than the national average, indicated by a Location Quotient of 1.23.
Does the cost of living affect the salary for Bill and Account Collectors in Cincinnati?
The cost of living in Cincinnati is at the national average (100), meaning the $48,780 salary offers purchasing power equivalent to the national median.
What does a Location Quotient of 1.23 mean for job seekers?
A Location Quotient of 1.23 suggests that there are relatively more Bill and Account Collector jobs available in Cincinnati compared to the national average, potentially indicating a more favorable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,440 employees in the Cincinnati, OH-KY-IN area with a job density of 1.318 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 Cincinnati, OH-KY-IN