Average Bill and Account Collectors Salary in Indianapolis-Carmel-Greenwood, IN
In Indianapolis-Carmel-Greenwood, IN, Bill and Account Collectors earn an average annual salary of $45,680. This figure is slightly below the national average of $48,000, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the area. While not reaching the national benchmark, this salary reflects the prevailing wage for the role in this particular metropolitan region.
Executive Summary
- Average Salary: $45,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,530.
- Outlook: The Indianapolis-Carmel-Greenwood, IN area supports a robust workforce of 1,390 Bill and Account Collectors. With a Location Quotient of 1.19, this indicates a higher concentration of these roles compared to the national average, suggesting a steady demand and a well-established presence of this profession within the local job market.
Salary Overview
The average Bill and Account Collectors in Indianapolis-Carmel-Greenwood, IN earns-4.8%below the national average.
$22
$878
$3,807
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 Indianapolis-Carmel-Greenwood, IN have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This typical upward trajectory in compensation is often driven by increased cost of living and evolving market demands for skilled collection professionals.
Bill and Account Collectors Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Bill and Account Collectors in Indianapolis-Carmel-Greenwood, IN typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,490 | $15.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,260 | $16.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,540 | $20.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,100 | $27.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $69,530 | $33.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$45,680
Gross Pay
Real Wage (Purchasing Power)
$45,680
Adjusted for COL (100)
The average annual salary of $45,680 in Indianapolis-Carmel-Greenwood, IN aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal income earned by Bill and Account Collectors in this region has purchasing power equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
1,390
Total Jobs
1.268
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
The Location Quotient of 1.19 for Bill and Account Collectors in Indianapolis-Carmel-Greenwood, IN signifies that the profession is 19% more concentrated in this area than the national average. This suggests a healthy and potentially competitive job market, where employers may actively seek out talent, and there is a consistent availability of roles for those entering or established in the field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Bill and Account Collectors Salary | $46,500↑ 2% | 8 mi |
| Southern Indiana nonmetropolitan area Bill and Account Collectors Salary | $44,260↓ 3% | 8 mi |
| Central Indiana nonmetropolitan area Bill and Account Collectors Salary | $38,300↓ 16% | 8 mi |
| Bloomington, IN Bill and Account Collectors Salary | $46,300↑ 1% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Bill and Account Collectors in Indianapolis-Carmel-Greenwood, IN is $45,680. This typically ranges from $31,490 for entry-level positions to $69,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 4.8% lower than the national median of $48,000.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Bill and Account Collectors?
Moderately. While the salary is slightly below the national average, the cost of living is also at the national average, making it a stable financial environment.The average salary of $45,680 is comparable to the national average cost of living, indicating a balanced financial landscape for Bill and Account Collectors in the region.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($46,500) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
Bill and Account Collectors in Indianapolis-Carmel-Greenwood, IN earn an average of $45,680 annually, which is slightly less than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Indianapolis?
Indianapolis-Carmel-Greenwood, IN has a higher concentration of Bill and Account Collectors than the national average, with a Location Quotient of 1.19.
How does the cost of living in Indianapolis affect salary perception?
With a Cost of Living Index of 100, Indianapolis matches the national average, meaning the $45,680 salary offers average purchasing power for residents.
Are there many Bill and Account Collector jobs in Indianapolis?
Yes, the local workforce consists of 1,390 Bill and Account Collectors, and the job density is 1.268 per 1,000 workers, indicating a significant presence of this role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,390 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.268 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bill and Account Collectors Salaries by State
Top Jobs in Indianapolis-Carmel-Greenwood, IN
- All Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Transportation and Material Moving Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Office and Administrative Support Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Sales and Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Food Preparation and Serving Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Healthcare Practitioners and Technical Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Production Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Business and Financial Operations Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Management Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Educational Instruction and Library Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Browse All Jobs in Indianapolis-Carmel-Greenwood, IN →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN