Average Bill and Account Collectors Salary in Lincoln, NE
Bill and Account Collectors in Lincoln, NE earn an average annual salary of $43,240. This figure is notably below the national average of $48,000, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation difference. Understanding these localized pay scales is crucial for professionals in the field.
Executive Summary
- Average Salary: $43,240 per year.
- Growth Trend: Salaries have shifted 23.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $49,230.
- Outlook: The job market for Bill and Account Collectors in Lincoln, NE, shows a moderate level of concentration, with a Location Quotient of 1.37 indicating a presence slightly above the national average. With a local workforce of 260 individuals in this role, the demand appears stable, suggesting a consistent need for these services within the region.
Salary Overview
The average Bill and Account Collectors in Lincoln, NE earns-9.9%below the national average.
$20.8
$832
$3,603
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Lincoln, NE is not provided, it's reasonable to assume that salaries for Bill and Account Collectors have experienced gradual growth over the past four years, mirroring national trends. Economic factors and inflation typically drive modest increases in compensation for such roles, ensuring that pay remains competitive within the local market.
Bill and Account Collectors Salary Distribution in Lincoln, NE
Salary progression for Bill and Account Collectors typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries. The percentile gaps in earnings underscore the career advancement opportunities available through skill development and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,020 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,430 | $15.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $41,100 | $19.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,050 | $26 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $49,230 | $23.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$43,240
Gross Pay
Real Wage (Purchasing Power)
$43,240
Adjusted for COL (100)
The nominal salary of $43,240 in Lincoln, NE, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Lincoln is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
260
Total Jobs
1.465
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Lincoln, NE has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.37 signifies that Bill and Account Collectors are more concentrated in Lincoln, NE, than the national average. This suggests a slightly more robust job market for this profession in the area, potentially offering more opportunities or a more competitive environment for job seekers compared to regions with a lower LQ.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Omaha, NE-IA Bill and Account Collectors Salary | $45,570↑ 5% | 45 mi |
| South Nebraska nonmetropolitan area Bill and Account Collectors Salary | $38,970↓ 10% | 86 mi |
| Northwest Nebraska nonmetropolitan area Bill and Account Collectors Salary | $40,890↓ 5% | 86 mi |
| Grand Island, NE Bill and Account Collectors Salary | $41,970↓ 3% | 88 mi |
Comparing salaries near Lincoln, NE
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Lincoln, NE?
The median annual salary for a Bill and Account Collectors in Lincoln, NE is $43,240. This typically ranges from $36,020 for entry-level positions to $49,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lincoln, NE is 9.9% lower than the national median of $48,000.
Is Lincoln, NE a lucrative place for Bill and Account Collectors?
No, but it offers average purchasing power.While the average salary of $43,240 is below the national average, the local Cost of Living Index of 100 means the salary's purchasing power is on par with the national average.
Is Lincoln, NE a good place to live for Bill and Account Collectors?
The Cost of Living Index in Lincoln, NE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lincoln, NE?
Some top paying nearby cities include Omaha, NE-IA ($45,570) and South Nebraska nonmetropolitan area.
How does the Lincoln, NE salary compare to the national average?
The average annual salary for Bill and Account Collectors in Lincoln, NE is $43,240, which is approximately $4,760 less than the national average of $48,000.
What is the significance of the Location Quotient (LQ) in Lincoln, NE?
An LQ of 1.37 indicates that Bill and Account Collectors are more prevalent in Lincoln, NE, compared to the national average, suggesting a slightly higher concentration of these jobs in the local market.
How does the Cost of Living in Lincoln, NE affect the salary?
With a Cost of Living Index of 100 (the national average), the $43,240 salary in Lincoln provides purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
What is the total local workforce for Bill and Account Collectors in Lincoln, NE?
The total local workforce for Bill and Account Collectors in Lincoln, NE, consists of approximately 260 individuals.
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 Lincoln, NE area with a job density of 1.465 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 Lincoln, NE