Average Bill and Account Collectors Salary in El Paso, TX
In El Paso, TX, Bill and Account Collectors earn an average annual salary of $40,890. This figure is notably below the national average of $48,000, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of El Paso influences the earning potential for this role.
Executive Summary
- Average Salary: $40,890 per year.
- Growth Trend: Salaries have shifted 14.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,530.
- Outlook: With a local workforce of 520 Bill and Account Collectors and a Location Quotient of 1.45, El Paso exhibits a concentration of these professionals that is 45% higher than the national average. This indicates a robust local demand and a specialized job market for this occupation within the city, suggesting a stable outlook for those in the field.
Salary Overview
The average Bill and Account Collectors in El Paso, TX earns-14.8%below the national average.
$19.7
$786
$3,408
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in El Paso have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory, even if modest, would reflect an evolving job market and increasing responsibilities for collectors.
Bill and Account Collectors Salary Distribution in El Paso, TX
Career progression for Bill and Account Collectors typically involves moving from entry-level positions to more senior roles, often accompanied by significant salary increases. While specific percentile data isn't available, the gap between starting salaries and those earned by seasoned professionals can be substantial, reflecting accumulated experience, specialized skills, and increased responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,860 | $13.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,668 | $14.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,440 | $18 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,113 | $24.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,530 | $30.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$40,890
Gross Pay
Real Wage (Purchasing Power)
$40,890
Adjusted for COL (100)
The average annual salary of $40,890 in El Paso 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 El Paso is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
520
Total Jobs
1.554
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, El Paso, TX has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
El Paso's Location Quotient of 1.45 signifies a higher concentration of Bill and Account Collectors compared to the national average. This suggests that the job market in El Paso is relatively more specialized and potentially more competitive for these roles, as there are proportionally more collectors employed locally than in the U.S. overall.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Las Cruces, NM Bill and Account Collectors Salary | $44,060↑ 8% | 39 mi |
Comparing salaries near El Paso, TX
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in El Paso, TX?
The median annual salary for a Bill and Account Collectors in El Paso, TX is $40,890. This typically ranges from $28,860 for entry-level positions to $63,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in El Paso, TX is 14.8% lower than the national median of $48,000.
Is El Paso, TX a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.While the Cost of Living is at the national average, the average salary of $40,890 is significantly lower than the national average of $48,000. The high concentration of collectors suggests a specialized market rather than one offering premium compensation.
Is El Paso, TX a good place to live for Bill and Account Collectors?
The Cost of Living Index in El Paso, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near El Paso, TX?
Some top paying nearby cities include Las Cruces, NM ($44,060) and others.
How does the number of Bill and Account Collectors in El Paso compare nationally?
El Paso employs 1.554 Bill and Account Collectors per 1,000 workers, which is higher than the national average, indicating a greater prevalence of this profession in the local workforce.
What is the significance of the Location Quotient (LQ) for Bill and Account Collectors in El Paso?
An LQ of 1.45 means El Paso has 45% more Bill and Account Collectors per worker than the national average, indicating a strong local presence and potential demand for these services.
Does experience impact salary for Bill and Account Collectors in El Paso?
Yes, like most professions, experience typically leads to higher salaries for Bill and Account Collectors, with senior roles commanding greater compensation than entry-level positions.
How does the cost of living in El Paso affect the salary?
With a Cost of Living Index of 100, El Paso's expenses are on par with the national average. Therefore, the lower-than-average salary of $40,890 means the purchasing power is reduced compared to the national median.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the El Paso, TX area with a job density of 1.554 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 El Paso, TX