Average Bill and Account Collectors Salary in Knoxville, TN
In Knoxville, TN, Bill and Account Collectors earn an average annual salary of $43,280. This figure is notably below the national average of $48,000, suggesting that local market dynamics and potentially a lower cost of doing business in the region influence compensation levels for this role. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.
Executive Summary
- Average Salary: $43,280 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,080.
- Outlook: The Knoxville job market for Bill and Account Collectors appears stable, with a total local workforce of 410 individuals in this profession. The Location Quotient of 0.92 indicates a concentration slightly below the national average, suggesting that while the profession is present, it's not disproportionately dominant within the local economy. This steady presence implies a consistent, albeit not rapidly expanding, demand for these services.
Salary Overview
The average Bill and Account Collectors in Knoxville, TN earns-9.8%below the national average.
$20.8
$832
$3,607
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Knoxville is not provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic fluctuations and inflation typically drive incremental increases in compensation across most sectors, including accounts receivable and collections, as businesses adapt to changing economic conditions and strive to retain skilled personnel.
Bill and Account Collectors Salary Distribution in Knoxville, TN
As with most professions, experience plays a significant role in the earning potential of Bill and Account Collectors. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with a proven track record in debt recovery and client management can expect to earn substantially more. The percentile gaps in salary distribution reflect this progression, with senior collectors often reaching higher pay scales due to their expertise and ability to manage complex cases.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,340 | $15.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,460 | $15.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,670 | $19.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,100 | $26 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,080 | $28.9 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$43,280
Gross Pay
Real Wage (Purchasing Power)
$43,280
Adjusted for COL (100)
The average annual salary of $43,280 for Bill and Account Collectors in Knoxville, TN, aligns precisely with the national average Cost of Living Index of 100. This means that the nominal income earned locally has purchasing power equivalent to the national average. Therefore, while the salary is below the national average for the role, it is balanced by the local cost of living, suggesting that the take-home pay offers a comparable lifestyle to that in other average-cost areas.
Job Market Context
410
Total Jobs
0.984
Per 1K Jobs
0.92
Location Quotient
Knoxville, TN has 0.92x 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.
With a Location Quotient of 0.92, Knoxville's market for Bill and Account Collectors is slightly less concentrated than the national average. This suggests a balanced job market where demand and supply are relatively in sync. While not a hyper-specialized market, the presence of nearly 1,000 jobs per million workers (0.984 per 1,000) indicates a consistent need for these professionals, offering moderate opportunities for job seekers without overwhelming competition.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Bill and Account Collectors Salary | $44,220↑ 2% | 40 mi |
| Cleveland, TN Bill and Account Collectors Salary | $34,790↓ 20% | 75 mi |
| Asheville, NC Bill and Account Collectors Salary | $43,560↑ 1% | 83 mi |
| Kingsport-Bristol, TN-VA Bill and Account Collectors Salary | $39,310↓ 9% | 87 mi |
| Johnson City, TN Bill and Account Collectors Salary | $35,880↓ 17% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Knoxville, TN?
The median annual salary for a Bill and Account Collectors in Knoxville, TN is $43,280. This typically ranges from $31,340 for entry-level positions to $60,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 9.8% lower than the national median of $48,000.
Is Knoxville, TN a lucrative place for Bill and Account Collectorss?
No, not exceptionally lucrative compared to the national average.The average salary of $43,280 is below the national average, although this is offset by a Cost of Living Index that is also at the national average.
Is Knoxville, TN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($44,220) and Cleveland, TN.
How does Knoxville's salary for Bill and Account Collectors compare to the national average?
The average annual salary in Knoxville, TN, is $43,280, which is approximately 10% lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Knoxville?
Knoxville has a Location Quotient of 0.92 for Bill and Account Collectors, indicating a slightly lower concentration of these professionals compared to the national average.
Does the Cost of Living in Knoxville affect the perceived value of the salary?
No, the Cost of Living Index in Knoxville is 100, which is the national average. This means the $43,280 salary has average purchasing power locally.
What does the number of jobs per 1,000 workers signify for this role in Knoxville?
With 0.984 jobs per 1,000 workers, the role of Bill and Account Collector is present at a rate very close to the national average, suggesting a stable employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Knoxville, TN area with a job density of 0.984 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 Knoxville, TN