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Average Bill and Account Collectors Salary in Indiana

Bill and Account Collectors in Indiana earn an average annual salary of $44,490. This figure is slightly below the national average of $48,000, a common trend in states with a lower cost of living. Local economic factors and industry demand within Indiana directly influence this compensation level.

Executive Summary

  • Average Salary: $44,490 per year.
  • Growth Trend: Salaries have shifted 12.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $62,960.
  • Outlook: With a local workforce of 3,250 Bill and Account Collectors, Indiana presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.95 indicates that the concentration of these roles in Indiana is very close to the national average, suggesting a consistent demand that aligns with broader economic activity.
2024 Market Data

Salary Overview

$44,490

The average Bill and Account Collectors in Indiana earns-7.3%below the national average.

BreakdownBased on 40h/week
Hourly

$21.4

Weekly

$856

Monthly

$3,708

Bill and Account Collectors Salary Distribution in Indiana

Career progression for Bill and Account Collectors in Indiana typically involves moving from entry-level positions to more senior or specialized roles. As collectors gain experience and demonstrate proficiency in negotiation, compliance, and debt recovery strategies, their earning potential increases significantly, with higher percentile salaries reflecting advanced expertise and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,670$14.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,368$16
ManagerOversees team, compliance, and project delivery.50% (Median)$42,390$20.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$55,613$26.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$62,960$30.3

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$44,490

Gross Pay

Real Wage (Purchasing Power)

$49,433

Adjusted for COL (90)

The average annual salary of $44,490 in Indiana is quite advantageous when considering the local Cost of Living Index of 90. This means that the purchasing power of a Bill and Account Collector's salary in Indiana is higher than the national average, allowing for a comfortable lifestyle relative to the cost of goods and services.

Job Market Context

3,250

Total Jobs

1.018

Per 1K Jobs

0.95

Location Quotient

Below Average

Indiana has 0.95x 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.

Indiana's Location Quotient of 0.95 for Bill and Account Collectors suggests a job market that closely mirrors the national distribution of this profession. This indicates a balanced supply and demand, where the number of collectors is neither significantly overrepresented nor underrepresented compared to the rest of the country, implying a competitive but accessible employment landscape.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Indianapolis-Carmel-Greenwood, IN Bill and Account Collectors Salary$45,680↑ 3%8 mi
Bloomington, IN Bill and Account Collectors Salary$46,300↑ 4%49 mi
Lafayette-West Lafayette, IN Bill and Account Collectors Salary$49,370↑ 11%50 mi

Comparing salaries near Indiana

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Indiana?

The median annual salary for a Bill and Account Collectors in Indiana is $44,490. This typically ranges from $30,670 for entry-level positions to $62,960 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Indiana is 7.3% lower than the national median of $48,000.

Is Indiana a lucrative place for Bill and Account Collectors?

Yes, with a strong cost of living advantage.While the nominal salary is slightly below the national average, Indiana offers a lucrative environment due to its lower cost of living. This results in a higher effective purchasing power for Bill and Account Collectors compared to many other states.

Is Indiana a good place to live for Bill and Account Collectors?

With a Cost of Living Index of 90 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Indiana?

Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($45,680) and Bloomington, IN.

How does Indiana's salary for Bill and Account Collectors compare to the national average?

The average annual salary for Bill and Account Collectors in Indiana is $44,490, which is approximately $3,510 less than the national average of $48,000.

What is the concentration of Bill and Account Collectors in Indiana?

Indiana has a Location Quotient of 0.95 for Bill and Account Collectors, indicating that the profession is present in Indiana at a rate very close to the national average.

How many Bill and Account Collectors are there in Indiana?

There are approximately 3,250 Bill and Account Collectors employed in Indiana.

Does Indiana offer good value for money for Bill and Account Collectors?

Yes, with a Cost of Living Index of 90 (100 being the national average), Indiana offers excellent value. The $44,490 salary provides greater purchasing power than it would in a higher cost-of-living state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,250 employees in the Indiana area with a job density of 1.018 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Indiana