Average Bill and Account Collectors Salary in Lansing-East Lansing, MI
In Lansing-East Lansing, MI, Bill and Account Collectors earn an average annual salary of $39,450. This figure is notably below the national average of $48,000, suggesting that local market dynamics and potentially a different cost of doing business influence compensation within this sector in the region.
Executive Summary
- Average Salary: $39,450 per year.
- Growth Trend: Salaries have shifted 0.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,420.
- Outlook: The Lansing-East Lansing area supports a dedicated workforce of 260 Bill and Account Collectors. With a Location Quotient of 1.13, the concentration of these roles is slightly higher than the national average, indicating a stable, albeit not booming, demand for these professionals within the local economy.
Salary Overview
The average Bill and Account Collectors in Lansing-East Lansing, MI earns-17.8%below the national average.
$19
$759
$3,288
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Lansing-East Lansing isn't provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive incremental increases in compensation for most roles, including those in billing and collections.
Bill and Account Collectors Salary Distribution in Lansing-East Lansing, MI
Career progression for Bill and Account Collectors typically involves moving from entry-level positions to more senior roles, often accompanied by significant salary increases. While specific percentile data is absent, the gap between starting salaries and those earned by seasoned professionals with extensive experience in collections and account management generally widens considerably, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,960 | $14.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,588 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,160 | $16.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,313 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,420 | $28.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,450
Gross Pay
Real Wage (Purchasing Power)
$39,450
Adjusted for COL (100)
The average annual salary of $39,450 for Bill and Account Collectors in Lansing-East Lansing aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability for residents.
Job Market Context
260
Total Jobs
1.205
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.13 signifies that Bill and Account Collector roles are 13% more concentrated in Lansing-East Lansing than the national average. This suggests a slightly more robust job market for these professionals compared to other occupations, potentially offering more opportunities and a competitive environment for skilled collectors.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Bill and Account Collectors Salary | $47,040↑ 19% | 34 mi |
| Mid Michigan nonmetropolitan area Bill and Account Collectors Salary | $47,800↑ 21% | 42 mi |
| Southern Michigan nonmetropolitan area Bill and Account Collectors Salary | $48,480↑ 23% | 42 mi |
| Northern Michigan nonmetropolitan area Bill and Account Collectors Salary | $44,810↑ 14% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Bill and Account Collectors Salary | $43,460↑ 10% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Lansing-East Lansing, MI?
The median annual salary for a Bill and Account Collectors in Lansing-East Lansing, MI is $39,450. This typically ranges from $29,960 for entry-level positions to $58,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 17.8% lower than the national median of $48,000.
Is Lansing-East Lansing, MI a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $39,450 is significantly lower than the national average of $48,000, indicating less lucrative compensation in this specific market.
Is Lansing-East Lansing, MI a good place to live for Bill and Account Collectors?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($47,040) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Bill and Account Collectors in Lansing-East Lansing is $39,450, which is below the national average of $48,000.
What is the Cost of Living in Lansing-East Lansing, MI?
The Cost of Living Index in Lansing-East Lansing is 100, which is exactly the national average, meaning it is neither more nor less expensive to live there than the typical U.S. location.
How concentrated are Bill and Account Collector jobs in Lansing-East Lansing?
The concentration of Bill and Account Collector jobs in Lansing-East Lansing is slightly above the national average, with a Location Quotient of 1.13.
What is the total number of Bill and Account Collectors in Lansing-East Lansing?
There are approximately 260 Bill and Account Collectors employed in the Lansing-East Lansing, MI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Lansing-East Lansing, MI area with a job density of 1.205 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 Lansing-East Lansing, MI