Average Bill and Account Collectors Salary in Grand Rapids-Wyoming-Kentwood, MI
In Grand Rapids-Wyoming-Kentwood, MI, Bill and Account Collectors earn an average annual salary of $47,080. This figure is slightly below the national average of $48,000, indicating localized market dynamics and potentially regional economic factors influencing compensation for this role. The specific economic conditions and demand within the Grand Rapids metropolitan area shape this pay scale.
Executive Summary
- Average Salary: $47,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,030.
- Outlook: The Grand Rapids-Wyoming-Kentwood, MI area supports a local workforce of 450 Bill and Account Collectors. With a Location Quotient of 0.76, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand compared to other occupations. The presence of nearly half a thousand professionals in this field indicates a consistent need for their services within the local economy.
Salary Overview
The average Bill and Account Collectors in Grand Rapids-Wyoming-Kentwood, MI earns-1.9%below the national average.
$22.6
$905
$3,923
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Grand Rapids is not provided, it is reasonable to assume that salaries in this field have seen modest growth over the past four years, mirroring general economic trends and inflation. Increased demand for financial services and evolving collection strategies likely contribute to a steady, upward trajectory in compensation for skilled professionals.
Bill and Account Collectors Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Career progression for Bill and Account Collectors typically involves a noticeable salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with proven track records in complex debt recovery and client management can command significantly higher salaries. The percentile gaps in earnings clearly signify the value placed on accumulated expertise and specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,600 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,310 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,210 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,850 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,030 | $29.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$47,080
Gross Pay
Real Wage (Purchasing Power)
$47,080
Adjusted for COL (100)
The nominal average annual salary of $47,080 in Grand Rapids-Wyoming-Kentwood, MI 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 this area is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
450
Total Jobs
0.808
Per 1K Jobs
0.76
Location Quotient
Grand Rapids-Wyoming-Kentwood, MI has 0.76x 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 0.76 for Bill and Account Collectors in Grand Rapids-Wyoming-Kentwood, MI suggests that the job market for this profession is slightly less concentrated than the national average. This indicates that while the occupation is present and necessary, it is not a dominant industry sector within the region, implying a moderately competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Kalamazoo-Portage, MI Bill and Account Collectors Salary | $47,320↑ 1% | 48 mi |
| Lansing-East Lansing, MI Bill and Account Collectors Salary | $39,450↓ 16% | 58 mi |
| Mid Michigan nonmetropolitan area Bill and Account Collectors Salary | $47,800↑ 2% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Bill and Account Collectors in Grand Rapids-Wyoming-Kentwood, MI is $47,080. This typically ranges from $34,600 for entry-level positions to $62,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 1.9% lower than the national median of $48,000.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Bill and Account Collectors?
No, it is slightly below average.The average salary of $47,080 is marginally lower than the national average of $48,000, and the concentration of jobs (LQ 0.76) is also below the national benchmark.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Bill and Account Collectors?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Kalamazoo-Portage, MI ($47,320) and Lansing-East Lansing, MI.
How does the Grand Rapids salary compare to the national average?
The average annual salary for Bill and Account Collectors in Grand Rapids-Wyoming-Kentwood, MI is $47,080, which is slightly less than the national average of $48,000.
What is the job market like for Bill and Account Collectors in Grand Rapids?
The market is stable with a local workforce of 450, but the concentration (Location Quotient of 0.76) is below the national average, indicating moderate demand.
Does the cost of living affect the salary in Grand Rapids?
No, the local Cost of Living Index is 100, matching the national average, so the $47,080 salary has equivalent purchasing power nationally.
How many Bill and Account Collectors are there in Grand Rapids?
There are approximately 450 Bill and Account Collectors employed in the Grand Rapids-Wyoming-Kentwood, MI metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 0.808 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 Grand Rapids-Wyoming-Kentwood, MI