Average Bill and Account Collectors Salary in Hartford-West Hartford-East Hartford, CT
Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT, command an impressive average annual salary of $59,250, significantly outperforming the national average of $48,000. This elevated compensation is likely influenced by a combination of local economic factors and the specific demands of the regional financial landscape, which may necessitate higher pay to attract and retain skilled professionals in this role.
Executive Summary
- Average Salary: $59,250 per year.
- Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,690.
- Outlook: The local job market for Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT, shows a moderate level of concentration, with a Location Quotient of 0.62, indicating a slightly lower presence compared to the national average. However, with a total local workforce of 390 individuals in this role, there is a stable base of employment, suggesting consistent demand for these services within the region.
Salary Overview
The average Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT earns+23.4%above the national average.
$28.5
$1,139
$4,938
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collector salary trends in Hartford-West Hartford-East Hartford, CT, is not provided, it is reasonable to assume a general upward trajectory in compensation over the past four years, mirroring national trends. Economic growth, inflation, and evolving industry demands typically contribute to salary increases for most professions, including those in financial services and collections.
Bill and Account Collectors Salary Distribution in Hartford-West Hartford-East Hartford, CT
Salary progression for Bill and Account Collectors is strongly tied to experience and demonstrated performance. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record of successful collections can command significantly higher salaries. The percentile gaps in earnings clearly signify career progression opportunities, rewarding increased expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,750 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,438 | $21.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,410 | $27.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $74,063 | $35.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,690 | $37.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$59,250
Gross Pay
Real Wage (Purchasing Power)
$59,250
Adjusted for COL (100)
For professionals considering a move to Hartford-West Hartford-East Hartford, CT, the nominal salary of $59,250 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in this metropolitan area is equivalent to the national average, offering a stable financial foundation without the added pressure of a higher cost of living.
Job Market Context
390
Total Jobs
0.661
Per 1K Jobs
0.62
Location Quotient
Hartford-West Hartford-East Hartford, CT has 0.62x 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.
The Location Quotient of 0.62 for Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT, suggests that this profession is slightly less concentrated than the national average. This could imply a less saturated market, potentially offering more opportunities for skilled individuals, or it might indicate a specialized regional demand that doesn't mirror the broader national employment landscape.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Waterbury-Shelton, CT Bill and Account Collectors Salary | $43,070↓ 27% | 23 mi |
| Springfield, MA Bill and Account Collectors Salary | $52,370↓ 12% | 25 mi |
| New Haven, CT Bill and Account Collectors Salary | $59,770↑ 1% | 34 mi |
| Norwich-New London-Willimantic, CT Bill and Account Collectors Salary | $56,630↓ 4% | 34 mi |
Comparing salaries near Hartford-West Hartford-East Hartford, CT
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Hartford-West Hartford-East Hartford, CT?
The median annual salary for a Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT is $59,250. This typically ranges from $40,750 for entry-level positions to $78,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hartford-West Hartford-East Hartford, CT is 23.4% higher than the national median of $48,000.
Is Hartford-West Hartford-East Hartford, CT a lucrative place for Bill and Account Collectors?
Yes, it is a lucrative location for Bill and Account Collectors.The average salary of $59,250 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Hartford-West Hartford-East Hartford, CT a good place to live for Bill and Account Collectors?
The Cost of Living Index in Hartford-West Hartford-East Hartford, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hartford-West Hartford-East Hartford, CT?
Some top paying nearby cities include Waterbury-Shelton, CT ($43,070) and Springfield, MA.
How does the local salary compare to the national average?
The average annual salary for Bill and Account Collectors in Hartford-West Hartford-East Hartford, CT, is $59,250, which is $11,250 higher than the national average of $48,000.
What is the cost of living in Hartford-West Hartford-East Hartford, CT?
The Cost of Living Index for Hartford-West Hartford-East Hartford, CT, is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How many Bill and Account Collectors are there locally?
There are approximately 390 Bill and Account Collectors employed within the Hartford-West Hartford-East Hartford, CT, metropolitan area.
Is the job market for Bill and Account Collectors concentrated in this area?
The Location Quotient of 0.62 indicates that Bill and Account Collectors are slightly less concentrated in Hartford-West Hartford-East Hartford, CT, compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Hartford-West Hartford-East Hartford, CT area with a job density of 0.661 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 Hartford-West Hartford-East Hartford, CT