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Average Bill and Account Collectors Salary in Kentucky

Bill and Account Collectors in Kentucky earn an average annual salary of $48,270, slightly surpassing the national average of $48,000. This marginal advantage is influenced by a combination of regional economic factors and the specific demand for these financial services professionals within the state.

Executive Summary

  • Average Salary: $48,270 per year.
  • Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $74,510.
  • Outlook: With a local workforce of 2,590 Bill and Account Collectors and a Location Quotient of 1.21, Kentucky demonstrates a concentration of these roles exceeding the national average. This suggests a robust and potentially growing job market for individuals in this profession within the state, indicating a healthy demand that supports current employment levels.
2024 Market Data

Salary Overview

$48,270

The average Bill and Account Collectors in Kentucky earns+0.6%above the national average.

BreakdownBased on 40h/week
Hourly

$23.2

Weekly

$928

Monthly

$4,023

Bill and Account Collectors Salary Distribution in Kentucky

Career progression for Bill and Account Collectors in Kentucky typically involves a significant salary increase with experience. Entry-level positions may start at lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$33,270$16
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$36,203$17.4
ManagerOversees team, compliance, and project delivery.50% (Median)$44,890$21.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$60,338$29
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$74,510$35.8

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$48,270

Gross Pay

Real Wage (Purchasing Power)

$53,753

Adjusted for COL (89.8)

The average annual salary of $48,270 in Kentucky offers considerable purchasing power, especially when contrasted with the state's Cost of Living Index of 89.8. This figure, below the national average of 100, indicates that the nominal salary earned by Bill and Account Collectors in Kentucky can translate into a higher real income and improved standard of living compared to many other parts of the country.

Job Market Context

2,590

Total Jobs

1.297

Per 1K Jobs

1.21

Location Quotient

Above Average

With a location quotient of 1.21, Kentucky has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

A Location Quotient of 1.21 signifies that Bill and Account Collectors are more concentrated in Kentucky than the national average. This suggests a specialized demand for these roles within the state's economy, potentially leading to more job opportunities and competitive compensation packages for qualified candidates in this sector.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Lexington-Fayette, KY Bill and Account Collectors Salary$50,000↑ 4%28 mi
Louisville/Jefferson County, KY-IN Bill and Account Collectors Salary$52,330↑ 8%72 mi
Cincinnati, OH-KY-IN Bill and Account Collectors Salary$48,780↑ 1%100 mi

Comparing salaries near Kentucky

Hiring Bill and Account Collectorss?

Frequently Asked Questions

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

The median annual salary for a Bill and Account Collectors in Kentucky is $48,270. This typically ranges from $33,270 for entry-level positions to $74,510 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kentucky is 0.6% higher than the national median of $48,000.

Is Kentucky a lucrative place for Bill and Account Collectorss?

Yes, Kentucky offers a slightly lucrative environment for Bill and Account Collectors.The average salary slightly exceeds the national average, and the cost of living is significantly lower, enhancing overall financial well-being.

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

With a Cost of Living Index of 89.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Kentucky?

Some top paying nearby cities include Lexington-Fayette, KY ($50,000) and Louisville/Jefferson County, KY-IN.

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

Bill and Account Collectors in Kentucky earn an average of $48,270 annually, which is slightly higher than the national average of $48,000.

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

Kentucky has a higher concentration of Bill and Account Collectors than the national average, indicated by a Location Quotient of 1.21.

How does the cost of living in Kentucky affect the salary?

With a Cost of Living Index of 89.8, Kentucky's lower cost of living means that the average salary of $48,270 provides greater purchasing power than it would in a higher-cost area.

What does the job market look like for Bill and Account Collectors in Kentucky?

The job market appears robust, with a workforce size of 2,590 and a concentration above the national average, suggesting steady demand for these professionals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,590 employees in the Kentucky area with a job density of 1.297 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 Kentucky