Average Bill and Account Collectors Salary in Detroit-Warren-Dearborn, MI
In Detroit-Warren-Dearborn, MI, Bill and Account Collectors earn an average annual salary of $47,780. This figure is slightly below the national average of $48,000, indicating a minor local adjustment in compensation. Factors such as regional economic conditions and the specific demand within the local market often influence these pay rates.
Executive Summary
- Average Salary: $47,780 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,030.
- Outlook: The Detroit-Warren-Dearborn area supports a local workforce of 1,560 Bill and Account Collectors. With a Location Quotient of 0.77, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated job market. The presence of nearly 0.82 jobs per 1,000 workers indicates a consistent, albeit moderate, demand for these professionals.
Salary Overview
The average Bill and Account Collectors in Detroit-Warren-Dearborn, MI earns-0.5%below the national average.
$23
$919
$3,982
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Detroit-Warren-Dearborn is not provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts and inflation typically drive incremental increases in compensation across most industries, including financial services and collections.
Bill and Account Collectors Salary Distribution in Detroit-Warren-Dearborn, MI
Career progression for Bill and Account Collectors typically involves moving from entry-level positions to more senior or specialized roles. As experience grows, individuals can expect their earning potential to increase significantly, with higher percentiles representing seasoned professionals who command greater compensation due to their expertise and proven track record in managing complex accounts and negotiations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,730 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,835 | $17.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,500 | $21.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,725 | $28.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,030 | $30.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$47,780
Gross Pay
Real Wage (Purchasing Power)
$47,780
Adjusted for COL (100)
The nominal average salary of $47,780 in Detroit-Warren-Dearborn 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 metropolitan area is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
1,560
Total Jobs
0.819
Per 1K Jobs
0.77
Location Quotient
Detroit-Warren-Dearborn, MI has 0.77x 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 0.77 for Bill and Account Collectors in Detroit-Warren-Dearborn suggests that the concentration of these jobs is slightly lower than the national average. This indicates that while the profession is present and necessary, it may not be a dominant sector within the local economy compared to other regions, implying a moderately competitive job market.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Ann Arbor, MI Bill and Account Collectors Salary | $49,980↑ 5% | 35 mi |
| Toledo, OH Bill and Account Collectors Salary | $42,060↓ 12% | 54 mi |
| Flint, MI Bill and Account Collectors Salary | $41,830↓ 12% | 58 mi |
| Sandusky, OH Bill and Account Collectors Salary | $46,090↓ 4% | 64 mi |
Comparing salaries near Detroit-Warren-Dearborn, MI
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Detroit-Warren-Dearborn, MI?
The median annual salary for a Bill and Account Collectors in Detroit-Warren-Dearborn, MI is $47,780. This typically ranges from $34,730 for entry-level positions to $64,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Detroit-Warren-Dearborn, MI is 0.5% lower than the national median of $48,000.
Is Detroit-Warren-Dearborn, MI a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.The average salary of $47,780 is slightly below the national average, and the Cost of Living is exactly at the national average. This results in purchasing power that is on par with the national average, rather than offering a lucrative advantage.
Is Detroit-Warren-Dearborn, MI a good place to live for Bill and Account Collectors?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Detroit-Warren-Dearborn, MI?
Some top paying nearby cities include Ann Arbor, MI ($49,980) and Toledo, OH.
How does the local workforce size affect job prospects for Bill and Account Collectors in Detroit?
A local workforce of 1,560 Bill and Account Collectors indicates a substantial presence of the profession, providing a reasonable pool of opportunities, though the slightly below-average Location Quotient suggests it's not a primary hub for this role.
What does a Location Quotient of 0.77 mean for Bill and Account Collectors in Detroit?
A Location Quotient of 0.77 signifies that Bill and Account Collector roles are less concentrated in Detroit-Warren-Dearborn compared to the national average. This could mean fewer specialized opportunities but also potentially less competition for general roles.
How does the Cost of Living in Detroit compare to the national average for Bill and Account Collectors?
The Cost of Living Index is 100, meaning it is exactly at the national average. Therefore, the $47,780 salary offers purchasing power equivalent to the national average, without significant gains or losses due to living expenses.
Are there many Bill and Account Collector jobs available per 1,000 workers in Detroit?
With 0.819 jobs per 1,000 workers, there is a steady, albeit modest, availability of Bill and Account Collector positions in the Detroit-Warren-Dearborn area, reflecting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,560 employees in the Detroit-Warren-Dearborn, MI area with a job density of 0.819 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 Detroit-Warren-Dearborn, MI