Average Bill and Account Collectors Salary in Louisville/Jefferson County, KY-IN
Bill and Account Collectors in Louisville/Jefferson County, KY-IN earn an average annual salary of $52,330, notably exceeding the national average of $48,000. This localized premium is often driven by regional economic factors and the specific demand within the area's financial and service sectors, influencing compensation to attract and retain skilled professionals.
Executive Summary
- Average Salary: $52,330 per year.
- Growth Trend: Salaries have shifted 27.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,280.
- Outlook: With a local workforce of 1,010 Bill and Account Collectors, Louisville/Jefferson County exhibits a healthy presence in this sector. The Location Quotient of 1.38 indicates a concentration of these roles that is 38% higher than the national average, suggesting a robust and potentially growing job market with sustained demand for these essential financial services professionals.
Salary Overview
The average Bill and Account Collectors in Louisville/Jefferson County, KY-IN earns+9.0%above the national average.
$25.2
$1,006
$4,361
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in Louisville/Jefferson County have experienced a steady upward trend over the past four years, mirroring national patterns of wage growth driven by inflation, increased demand for collection services, and evolving industry practices.
Bill and Account Collectors Salary Distribution in Louisville/Jefferson County, KY-IN
Career progression for Bill and Account Collectors typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average, with percentile gaps clearly signifying this valuable career trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,140 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,248 | $18.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,000 | $24 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,413 | $31.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,280 | $36.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$52,330
Gross Pay
Real Wage (Purchasing Power)
$52,330
Adjusted for COL (100)
The average annual salary of $52,330 in Louisville/Jefferson County, KY-IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bill and Account Collector's salary in this region is equivalent to the national standard, offering stable financial stability without the added pressure of a higher cost of living.
Job Market Context
1,010
Total Jobs
1.478
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Louisville/Jefferson County, KY-IN has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.38 signifies that Bill and Account Collector roles are more concentrated in Louisville/Jefferson County, KY-IN than the national average. This suggests a competitive yet abundant job market where employers may actively seek talent, and professionals have a good opportunity to find employment within their field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Bill and Account Collectors Salary | $43,720↓ 16% | 72 mi |
| South Central Kentucky nonmetropolitan area Bill and Account Collectors Salary | $39,450↓ 25% | 72 mi |
Comparing salaries near Louisville/Jefferson County, KY-IN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Louisville/Jefferson County, KY-IN?
The median annual salary for a Bill and Account Collectors in Louisville/Jefferson County, KY-IN is $52,330. This typically ranges from $36,140 for entry-level positions to $76,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Louisville/Jefferson County, KY-IN is 9.0% higher than the national median of $48,000.
Is Louisville/Jefferson County, KY-IN a lucrative place for Bill and Account Collectors?
Yes, it offers above-average compensation.Bill and Account Collectors in Louisville/Jefferson County earn $52,330 annually, exceeding the national average, while maintaining a cost of living at the national average.
Is Louisville/Jefferson County, KY-IN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Louisville/Jefferson County, KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Louisville/Jefferson County, KY-IN?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($43,720) and South Central Kentucky nonmetropolitan area.
How does the local workforce size impact job opportunities?
A local workforce of 1,010 suggests a substantial pool of professionals, indicating a stable market with ongoing opportunities for both new entrants and experienced collectors.
What does a Location Quotient of 1.38 mean for job seekers?
A Location Quotient above 1.0, like 1.38, indicates a higher concentration of Bill and Account Collector jobs in Louisville/Jefferson County compared to the national average, suggesting strong regional demand.
How does experience affect salary for Bill and Account Collectors in this area?
While entry-level roles offer a starting point, experienced Bill and Account Collectors typically earn significantly more, with salary progression clearly tied to years of service and demonstrated expertise.
Is the salary competitive considering the cost of living?
Yes, the average salary of $52,330 is directly comparable to the national average cost of living index of 100, indicating that the local salary provides average purchasing power.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,010 employees in the Louisville/Jefferson County, KY-IN area with a job density of 1.478 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bill and Account Collectors Salaries by State
Top Jobs in Louisville/Jefferson County, KY-IN
- All Occupations Salary in Louisville/Jefferson County, KY-IN
- Transportation and Material Moving Occupations Salary in Louisville/Jefferson County, KY-IN
- Office and Administrative Support Occupations Salary in Louisville/Jefferson County, KY-IN
- Production Occupations Salary in Louisville/Jefferson County, KY-IN
- Food Preparation and Serving Related Occupations Salary in Louisville/Jefferson County, KY-IN
- Sales and Related Occupations Salary in Louisville/Jefferson County, KY-IN
- Healthcare Practitioners and Technical Occupations Salary in Louisville/Jefferson County, KY-IN
- Management Occupations Salary in Louisville/Jefferson County, KY-IN
- Business and Financial Operations Occupations Salary in Louisville/Jefferson County, KY-IN
- Installation, Maintenance, and Repair Occupations Salary in Louisville/Jefferson County, KY-IN
- Browse All Jobs in Louisville/Jefferson County, KY-IN →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Louisville/Jefferson County, KY-IN