Average Bill and Account Collectors Salary in Cleveland, OH
In Cleveland, OH, Bill and Account Collectors earn an average annual salary of $43,510. This figure is notably below the national average of $48,000, suggesting that local market dynamics and potentially lower cost of living adjustments influence compensation in this region. The specific economic landscape of Cleveland plays a crucial role in shaping the earning potential for this profession.
Executive Summary
- Average Salary: $43,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,070.
- Outlook: Cleveland boasts a dedicated workforce of 1,520 Bill and Account Collectors, indicating a substantial presence in the local job market. The Location Quotient of 1.37 signifies that this profession is more concentrated in Cleveland than the national average, suggesting a potentially robust demand or a higher availability of specialized talent within the area. With 1.468 jobs per 1,000 workers, the market shows a consistent need for these services.
Salary Overview
The average Bill and Account Collectors in Cleveland, OH earns-9.4%below the national average.
$20.9
$837
$3,626
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Cleveland isn't provided, it's 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 likely contribute to a gradual upward trajectory in compensation for skilled professionals in this field.
Bill and Account Collectors Salary Distribution in Cleveland, OH
The career path for Bill and Account Collectors typically involves a progression from entry-level roles to more senior positions, with corresponding salary increases. While specific percentile data isn't available, experienced collectors generally command higher salaries due to their proven ability to manage complex accounts, navigate regulations, and achieve collection targets. The gap between entry-level and senior collector salaries signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,200 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,633 | $15.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,710 | $18.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,388 | $26.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,070 | $28.9 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$43,510
Gross Pay
Real Wage (Purchasing Power)
$43,510
Adjusted for COL (100)
The average annual salary of $43,510 for Bill and Account Collectors in Cleveland aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national standard, offering a stable financial footing for residents without the immediate pressure of higher or lower living expenses.
Job Market Context
1,520
Total Jobs
1.468
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Cleveland, OH has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.37, Cleveland exhibits a higher concentration of Bill and Account Collectors compared to the national average. This suggests that the job market in Cleveland may be more competitive for job seekers, as there are proportionally more individuals in this role relative to the overall workforce. However, it also indicates a strong industry presence and potentially more specialized opportunities within the region.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Bill and Account Collectors Salary | $42,280↓ 3% | 29 mi |
| Canton-Massillon, OH Bill and Account Collectors Salary | $40,200↓ 8% | 49 mi |
| Sandusky, OH Bill and Account Collectors Salary | $46,090↑ 6% | 53 mi |
| Youngstown-Warren, OH Bill and Account Collectors Salary | $46,040↑ 6% | 60 mi |
| Mansfield, OH Bill and Account Collectors Salary | $37,510↓ 14% | 66 mi |
Comparing salaries near Cleveland, OH
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Cleveland, OH?
The median annual salary for a Bill and Account Collectors in Cleveland, OH is $43,510. This typically ranges from $31,200 for entry-level positions to $60,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 9.4% lower than the national median of $48,000.
Is Cleveland, OH a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.The average salary of $43,510 is below the national average of $48,000, indicating lower nominal pay. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Cleveland, OH a good place to live for Bill and Account Collectors?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($42,280) and Canton-Massillon, OH.
How does Cleveland's job market compare to the national average for Bill and Account Collectors?
Cleveland has a higher concentration of Bill and Account Collectors, as indicated by a Location Quotient of 1.37, suggesting a more specialized local market.
What is the average salary for a Bill and Account Collector in Cleveland, OH?
The average annual salary for a Bill and Account Collector in Cleveland, OH is $43,510.
How does the cost of living in Cleveland affect the salary of Bill and Account Collectors?
Cleveland's cost of living is at the national average (100), meaning the $43,510 salary has purchasing power equivalent to the national average, despite being below the national salary average.
Is there a strong demand for Bill and Account Collectors in Cleveland?
With 1.468 jobs per 1,000 workers and a Location Quotient above 1, there is a notable presence and likely consistent demand for Bill and Account Collectors in Cleveland.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,520 employees in the Cleveland, OH area with a job density of 1.468 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 Cleveland, OH