Average Bill and Account Collectors Salary in Fort Wayne, IN
In Fort Wayne, IN, Bill and Account Collectors earn an average annual salary of $45,810. This figure is slightly below the national average of $48,000, a common occurrence where local economic factors and demand influence compensation rates. The specific economic landscape of Fort Wayne dictates this pay scale, reflecting the balance between available roles and the cost of labor within the region.
Executive Summary
- Average Salary: $45,810 per year.
- Growth Trend: Salaries have shifted 26.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,300.
- Outlook: Fort Wayne, IN, supports a local workforce of 280 Bill and Account Collectors, with a jobs-per-1,000-workers rate of 1.26. The Location Quotient of 1.18 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not booming, demand for this profession within the city. This concentration points to a consistent need for skilled collectors in the local market.
Salary Overview
The average Bill and Account Collectors in Fort Wayne, IN earns-4.6%below the national average.
$22
$881
$3,818
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Fort Wayne's Bill and Account Collector salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts, inflation, and evolving industry demands typically drive salary increases over time, suggesting that collectors in Fort Wayne have likely seen modest growth in their earning potential.
Bill and Account Collectors Salary Distribution in Fort Wayne, IN
Career progression for Bill and Account Collectors in Fort Wayne, as elsewhere, is typically marked by increasing salary levels with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records and advanced skills can command significantly higher salaries. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,140 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,358 | $16.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,190 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,263 | $27.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,300 | $27.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$45,810
Gross Pay
Real Wage (Purchasing Power)
$45,810
Adjusted for COL (100)
The average annual salary of $45,810 in Fort Wayne aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bill and Account Collector's salary in Fort Wayne is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
280
Total Jobs
1.26
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Fort Wayne, IN has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.18, Fort Wayne demonstrates a slightly higher concentration of Bill and Account Collector positions than the national average. This suggests that the job market in Fort Wayne is moderately competitive, with a healthy number of opportunities available relative to the size of the workforce, indicating a stable demand for these professionals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Bill and Account Collectors Salary | $41,610↓ 9% | 59 mi |
| Elkhart-Goshen, IN Bill and Account Collectors Salary | $48,180↑ 5% | 59 mi |
| Muncie, IN Bill and Account Collectors Salary | $39,060↓ 15% | 63 mi |
| South Bend-Mishawaka, IN-MI Bill and Account Collectors Salary | $43,680↓ 5% | 71 mi |
Comparing salaries near Fort Wayne, IN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Fort Wayne, IN?
The median annual salary for a Bill and Account Collectors in Fort Wayne, IN is $45,810. This typically ranges from $34,140 for entry-level positions to $56,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 4.6% lower than the national median of $48,000.
Is Fort Wayne, IN a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.While the salary of $45,810 is competitive within the local context, it falls slightly below the national average. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Fort Wayne, IN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($41,610) and Elkhart-Goshen, IN.
How does experience impact a Bill and Account Collector's salary in Fort Wayne?
Experience is a key driver of salary growth. Entry-level collectors will earn less, while those with several years of experience and a strong performance record can expect to earn substantially more, moving into higher salary percentiles.
Is the job market for Bill and Account Collectors growing in Fort Wayne?
The Location Quotient of 1.18 suggests a stable, slightly above-average concentration of these jobs, indicating consistent demand rather than rapid growth. The local workforce size of 280 also points to a steady market.
What is the cost of living in Fort Wayne compared to the rest of the US?
Fort Wayne's Cost of Living Index is 100, which is precisely the national average. This means that the general expenses for housing, utilities, groceries, and transportation are on par with the rest of the country.
How does the Fort Wayne salary compare to the national average for Bill and Account Collectors?
The average annual salary of $45,810 in Fort Wayne is slightly lower than the national average of $48,000. This difference is typical and reflects local economic conditions and labor market dynamics.
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 Fort Wayne, IN area with a job density of 1.26 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 Fort Wayne, IN