Average Bill and Account Collectors Salary in East South Dakota nonmetropolitan area
In the East South Dakota nonmetropolitan area, Bill and Account Collectors earn an average annual salary of $41,870. This figure is notably below the national average of $48,000, suggesting that regional economic factors and a potentially lower demand for specialized collection services in this specific nonmetropolitan setting influence compensation levels.
Executive Summary
- Average Salary: $41,870 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $51,160.
- Outlook: The job market for Bill and Account Collectors in the East South Dakota nonmetropolitan area appears to be moderately concentrated, with a total local workforce of 280 individuals in this role. The Location Quotient of 1.95 indicates a significantly higher presence of these professionals compared to the national average, suggesting a localized demand or a specialization within the region's economic structure that supports this concentration.
Salary Overview
The average Bill and Account Collectors in East South Dakota nonmetropolitan area earns-12.8%below the national average.
$20.1
$805
$3,489
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for this precise region and role is not provided, it is generally assumed that salaries for Bill and Account Collectors across the nation, and likely within the East South Dakota nonmetropolitan area, have experienced steady growth over the past four years. This trend is typically driven by inflation, evolving collection regulations, and the increasing complexity of financial transactions.
Bill and Account Collectors Salary Distribution in East South Dakota nonmetropolitan area
Career progression for Bill and Account Collectors 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 extensive experience in complex debt recovery or specialized industries can command significantly higher salaries, often reflected in the upper percentiles of the pay distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,530 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,403 | $15.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $41,830 | $20.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,338 | $25.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $51,160 | $24.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$41,870
Gross Pay
Real Wage (Purchasing Power)
$41,870
Adjusted for COL (100)
The average annual salary of $41,870 in the East South Dakota nonmetropolitan area aligns precisely with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is comparable to what a collector might experience in a national average cost-of-living area, making the salary's real value relatively stable.
Job Market Context
280
Total Jobs
2.086
Per 1K Jobs
1.95
Location Quotient
East South Dakota nonmetropolitan area has 1.9x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.95 signifies that Bill and Account Collectors are more than twice as prevalent in the East South Dakota nonmetropolitan area compared to the national average. This suggests a robust local market for these services, potentially indicating a higher demand relative to the general workforce or a specialized industry concentration that requires a larger pool of collection professionals.
Nearby Job Markets
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in East South Dakota nonmetropolitan area?
The median annual salary for a Bill and Account Collectors in East South Dakota nonmetropolitan area is $41,870. This typically ranges from $32,530 for entry-level positions to $51,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East South Dakota nonmetropolitan area is 12.8% lower than the national median of $48,000.
Is East South Dakota nonmetropolitan area a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to national averages.While the concentration of Bill and Account Collectors is high (LQ 1.95), the average salary of $41,870 is below the national average of $48,000. The cost of living being at the national average means the lower salary translates to less purchasing power than the national average.
Is East South Dakota nonmetropolitan area a good place to live for Bill and Account Collectors?
The Cost of Living Index in East South Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
How does the local workforce size affect job prospects for Bill and Account Collectors in East South Dakota?
With a local workforce of 280 Bill and Account Collectors, the market is of a moderate size. The high Location Quotient suggests this role is relatively more common here than nationally, implying steady, albeit not necessarily rapidly expanding, job prospects.
What does a Location Quotient of 1.95 mean for Bill and Account Collectors in this area?
A Location Quotient of 1.95 indicates that Bill and Account Collectors are employed at a rate 1.95 times higher in the East South Dakota nonmetropolitan area than the national average. This suggests a stronger local demand or specialization in collection services within the region.
How does the cost of living in East South Dakota compare to the national average for Bill and Account Collectors?
The cost of living index is exactly 100, matching the national average. This means that the $41,870 salary has the same purchasing power locally as the national average salary would have in a national average cost-of-living area.
Are there significant salary differences based on experience for Bill and Account Collectors in this region?
While specific data isn't provided, it's standard for the field that experienced Bill and Account Collectors earn more than entry-level ones. Salary progression is typically tied to demonstrated skill, years of service, and the complexity of accounts managed.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the East South Dakota nonmetropolitan area area with a job density of 2.086 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 East South Dakota nonmetropolitan area