Average Bill and Account Collectors Salary in Iowa
Bill and Account Collectors in Iowa earn an average annual salary of $45,030, which is slightly below the national average of $48,000. This difference in compensation is often influenced by the specific economic landscape and demand for these roles within the state, reflecting localized market dynamics.
Executive Summary
- Average Salary: $45,030 per year.
- Growth Trend: Salaries have shifted 18.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,760.
- Outlook: With a total local workforce of 1,020 Bill and Account Collectors, Iowa presents a stable, albeit not exceptionally concentrated, job market for this profession. The location quotient of 0.61 suggests that while the role exists, it is less prevalent than the national average, indicating a moderate but consistent demand rather than a booming sector.
Salary Overview
The average Bill and Account Collectors in Iowa earns-6.2%below the national average.
$21.7
$866
$3,753
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Bill and Account Collectors in Iowa have experienced modest growth over the past four years, mirroring national trends of incremental wage increases driven by inflation and evolving economic conditions. This suggests a steady, albeit gradual, upward trajectory for earning potential in the state.
Bill and Account Collectors Salary Distribution in Iowa
Career progression for Bill and Account Collectors in Iowa typically involves a salary increase from entry-level positions to senior roles. While specific percentile data is unavailable, the typical salary range suggests that experienced collectors can command significantly higher earnings, with the gap between lower and higher earners reflecting accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,450 | $14.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,773 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,150 | $19.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,288 | $27.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,760 | $30.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$45,030
Gross Pay
Real Wage (Purchasing Power)
$50,201
Adjusted for COL (89.7)
The nominal average salary of $45,030 in Iowa is quite favorable when considered against the state's Cost of Living Index of 89.7. This index, being below the national average of 100, indicates that the purchasing power of an Iowa-based collector's salary is likely higher than the national average, making the take-home pay more substantial in real terms.
Job Market Context
1,020
Total Jobs
0.65
Per 1K Jobs
0.61
Location Quotient
Iowa has 0.61x 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 0.61 for Bill and Account Collectors in Iowa signifies that the profession is less concentrated in the state compared to the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a competitive edge for skilled professionals seeking employment in this field within Iowa.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Des Moines-West Des Moines, IA Bill and Account Collectors Salary | $50,660↑ 13% | 37 mi |
| Waterloo-Cedar Falls, IA Bill and Account Collectors Salary | $39,120↓ 13% | 55 mi |
| Cedar Rapids, IA Bill and Account Collectors Salary | $43,340↓ 4% | 79 mi |
Comparing salaries near Iowa
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Iowa?
The median annual salary for a Bill and Account Collectors in Iowa is $45,030. This typically ranges from $30,450 for entry-level positions to $63,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa is 6.2% lower than the national median of $48,000.
Is Iowa a lucrative place for Bill and Account Collectors?
No, not exceptionally lucrative compared to the national average.While the average salary of $45,030 is slightly below the national average, Iowa's lower cost of living can enhance purchasing power. However, the lower concentration of jobs (LQ of 0.61) indicates a less robust market than the national standard.
Is Iowa a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 89.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Iowa?
Some top paying nearby cities include Des Moines-West Des Moines, IA ($50,660) and Waterloo-Cedar Falls, IA.
How does Iowa's cost of living affect Bill and Account Collector salaries?
Iowa's cost of living index of 89.7, which is below the national average, means that the $45,030 average salary offers better purchasing power than it might in a higher-cost state. This makes the effective income potentially more valuable locally.
What is the concentration of Bill and Account Collectors in Iowa?
The concentration, measured by the location quotient, is 0.61, indicating that Bill and Account Collectors are less prevalent in Iowa's workforce compared to the national average. This suggests a moderate demand for these professionals within the state.
How many Bill and Account Collectors are there in Iowa?
There are approximately 1,020 Bill and Account Collectors employed in Iowa, representing a notable segment of the state's workforce in this specialized field.
Are there many job openings for Bill and Account Collectors in Iowa?
With 0.65 jobs per 1,000 workers and a location quotient below 1.0, the number of openings is steady but not exceptionally high, suggesting a stable job market rather than rapid expansion.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,020 employees in the Iowa area with a job density of 0.65 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 Iowa