Average Bill and Account Collectors Salary in Little Rock-North Little Rock-Conway, AR
In the Little Rock-North Little Rock-Conway, AR metropolitan area, Bill and Account Collectors earn an average annual salary of $39,360. This figure is notably below the national average of $48,000, suggesting that local economic factors and industry demand play a significant role in compensation within this region.
Executive Summary
- Average Salary: $39,360 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,580.
- Outlook: The local job market for Bill and Account Collectors in Little Rock-North Little Rock-Conway, AR, comprises a workforce of 220 individuals. With a Location Quotient of 0.59, the concentration of these roles is below the national average, indicating a less saturated market compared to other regions, though the absolute number suggests a moderate presence.
Salary Overview
The average Bill and Account Collectors in Little Rock-North Little Rock-Conway, AR earns-18.0%below the national average.
$18.9
$757
$3,280
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Little Rock is not provided, it is generally assumed that salaries in this field have experienced modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This suggests a stable, albeit potentially slow, upward trajectory for earnings in this profession.
Bill and Account Collectors Salary Distribution in Little Rock-North Little Rock-Conway, AR
Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and advanced skills can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,790 | $13.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,520 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,310 | $17.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,200 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,580 | $26.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,360
Gross Pay
Real Wage (Purchasing Power)
$39,360
Adjusted for COL (100)
The average annual salary of $39,360 for Bill and Account Collectors in Little Rock-North Little Rock-Conway, AR, aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial baseline for residents.
Job Market Context
220
Total Jobs
0.629
Per 1K Jobs
0.59
Location Quotient
Little Rock-North Little Rock-Conway, AR has 0.59x 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.
A Location Quotient of 0.59 for Bill and Account Collectors in Little Rock-North Little Rock-Conway, AR, signifies that the occupation is less concentrated than the national average. This suggests that while the demand might not be exceptionally high, there is also less competition from other professionals in this specific role within the local labor market.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| South Arkansas nonmetropolitan area Bill and Account Collectors Salary | $36,540↓ 7% | 17 mi |
| North Arkansas nonmetropolitan area Bill and Account Collectors Salary | $33,760↓ 14% | 17 mi |
| East Arkansas nonmetropolitan area Bill and Account Collectors Salary | $35,960↓ 9% | 17 mi |
| Hot Springs, AR Bill and Account Collectors Salary | $34,780↓ 12% | 43 mi |
Comparing salaries near Little Rock-North Little Rock-Conway, AR
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Bill and Account Collectors in Little Rock-North Little Rock-Conway, AR is $39,360. This typically ranges from $28,790 for entry-level positions to $55,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 18.0% lower than the national median of $48,000.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Bill and Account Collectorss?
No, it is not a particularly lucrative place.The average salary of $39,360 is significantly lower than the national average of $48,000. While the cost of living is average, the lower pay scale indicates less financial advantage compared to other regions.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Bill and Account Collectors?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($36,540) and North Arkansas nonmetropolitan area.
How does the Little Rock salary compare to the national average?
The average annual salary for Bill and Account Collectors in Little Rock is $39,360, which is substantially lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Little Rock?
The concentration, measured by the Location Quotient, is 0.59, indicating that this profession is less common in Little Rock compared to the national average.
Does the cost of living affect the salary's value?
No, the cost of living in Little Rock is at the national average (100), meaning the $39,360 salary has average purchasing power locally.
What does a Location Quotient of 0.59 mean for job seekers?
A Location Quotient below 1.0 suggests that the job market for Bill and Account Collectors in Little Rock is less saturated than the national average, potentially offering a less competitive environment for job seekers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 0.629 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 Little Rock-North Little Rock-Conway, AR