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Average Bill and Account Collectors Salary in Colorado

Bill and Account Collectors in Colorado earn an average annual salary of $51,140, surpassing the national average of $48,000. This higher compensation in Colorado is likely influenced by a combination of factors, including the state's specific economic conditions and a cost of living that slightly exceeds the national benchmark.

Executive Summary

  • Average Salary: $51,140 per year.
  • Growth Trend: Salaries have shifted 16.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $69,380.
  • Outlook: With a local workforce of 1,770 Bill and Account Collectors, Colorado presents a moderately sized market for this profession. The location quotient of 0.57 indicates that this role is less concentrated in Colorado compared to the national average, suggesting potential opportunities for those entering the field or seeking employment.
2024 Market Data

Salary Overview

$51,140

The average Bill and Account Collectors in Colorado earns+6.5%above the national average.

BreakdownBased on 40h/week
Hourly

$24.6

Weekly

$983

Monthly

$4,262

Bill and Account Collectors Salary Distribution in Colorado

Career progression for Bill and Account Collectors in Colorado typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,580$18.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$38,355$18.4
ManagerOversees team, compliance, and project delivery.50% (Median)$48,670$23.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$63,925$30.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$69,380$33.4

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$51,140

Gross Pay

Real Wage (Purchasing Power)

$48,474

Adjusted for COL (105.5)

The average annual salary of $51,140 in Colorado needs to be considered alongside its Cost of Living Index of 105.5. This means that while the nominal salary is higher than the national average, the cost of goods and services is also approximately 5.5% higher, suggesting that the purchasing power of this salary is relatively in line with, or slightly above, the national average.

Job Market Context

1,770

Total Jobs

0.611

Per 1K Jobs

0.57

Location Quotient

Below Average

Colorado has 0.57x 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.

A location quotient of 0.57 for Bill and Account Collectors in Colorado signifies that the profession is less prevalent in the state compared to the national landscape. This suggests a potentially less saturated job market, which could translate to more available positions relative to the number of job seekers, though it also indicates a lower overall concentration of these roles.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Colorado Springs, CO Bill and Account Collectors Salary$48,410↓ 5%32 mi
Denver-Aurora-Centennial, CO Bill and Account Collectors Salary$53,230↑ 4%54 mi
Pueblo, CO Bill and Account Collectors Salary$50,570↓ 1%66 mi
Boulder, CO Bill and Account Collectors Salary$47,930↓ 6%67 mi
Greeley, CO Bill and Account Collectors Salary$46,750↓ 9%98 mi

Comparing salaries near Colorado

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Colorado?

The median annual salary for a Bill and Account Collectors in Colorado is $51,140. This typically ranges from $37,580 for entry-level positions to $69,380 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Colorado is 6.5% higher than the national median of $48,000.

Is Colorado a lucrative place for Bill and Account Collectors?

Yes, Colorado offers a slightly more lucrative environment for Bill and Account Collectors.The average salary of $51,140 is above the national average, though the higher cost of living moderates this advantage.

Is Colorado a good place to live for Bill and Account Collectors?

The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Colorado?

Some top paying nearby cities include Colorado Springs, CO ($48,410) and Denver-Aurora-Centennial, CO.

How does the Colorado job market compare to the national average for Bill and Account Collectors?

Colorado has a lower concentration of Bill and Account Collectors compared to the national average, as indicated by a location quotient of 0.57.

What is the average salary for a Bill and Account Collector in Colorado?

The average annual salary for a Bill and Account Collector in Colorado is $51,140.

Is the cost of living high in Colorado?

Colorado's cost of living is slightly above the national average, with an index of 105.5.

How many Bill and Account Collectors are there in Colorado?

There are approximately 1,770 Bill and Account Collectors employed in Colorado.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,770 employees in the Colorado area with a job density of 0.611 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Colorado