Average Bill and Account Collectors Salary in Madison, WI
Bill and Account Collectors in Madison, WI, earn an average annual salary of $49,430. This figure slightly surpasses the national average of $48,000, indicating a localized premium for this role. Factors such as the specific economic conditions and demand within the Madison metropolitan area likely contribute to this slightly elevated compensation.
Executive Summary
- Average Salary: $49,430 per year.
- Growth Trend: Salaries have shifted 32.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,540.
- Outlook: With a local workforce of 360 Bill and Account Collectors, Madison presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.82 suggests that the concentration of these roles is slightly below the national average, implying a steady but not rapidly expanding demand. The presence of nearly one job per thousand workers (0.88) points to consistent employment opportunities.
Salary Overview
The average Bill and Account Collectors in Madison, WI earns+3.0%above the national average.
$23.8
$951
$4,119
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Bill and Account Collectors, like most professions, have experienced a gradual upward trend over the past four years. This growth is typically driven by inflation, evolving economic conditions, and the increasing complexity of financial regulations that necessitate skilled collection professionals.
Bill and Account Collectors Salary Distribution in Madison, WI
Career progression for Bill and Account Collectors in Madison, WI, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience in debt recovery, negotiation, and compliance can command significantly higher salaries, often reaching into the upper percentiles of the pay scale.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,220 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,073 | $17.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,670 | $22.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,788 | $29.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,540 | $30.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$49,430
Gross Pay
Real Wage (Purchasing Power)
$49,430
Adjusted for COL (100)
The nominal average salary of $49,430 in Madison, WI, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Bill and Account Collector's salary in Madison is equivalent to that of a collector earning the national average in a location with a national average cost of living. Therefore, the salary offers a standard lifestyle without significant financial strain due to local expenses.
Job Market Context
360
Total Jobs
0.88
Per 1K Jobs
0.82
Location Quotient
Madison, WI has 0.82x 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.
The Location Quotient of 0.82 for Bill and Account Collectors in Madison, WI, indicates that this profession is slightly less concentrated than the national average. This suggests that while the market is stable, it may not be saturated, potentially offering a balanced environment for job seekers. Employers may find a slightly more competitive landscape for talent compared to areas with higher concentration.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Bill and Account Collectors Salary | $46,750↓ 5% | 33 mi |
| Rockford, IL Bill and Account Collectors Salary | $47,130↓ 5% | 59 mi |
| Milwaukee-Waukesha, WI Bill and Account Collectors Salary | $53,570↑ 8% | 72 mi |
| Oshkosh-Neenah, WI Bill and Account Collectors Salary | $49,710↑ 1% | 77 mi |
Comparing salaries near Madison, WI
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Madison, WI?
The median annual salary for a Bill and Account Collectors in Madison, WI is $49,430. This typically ranges from $39,220 for entry-level positions to $63,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 3.0% higher than the national median of $48,000.
Is Madison, WI a lucrative place for Bill and Account Collectors?
Yes, Madison, WI offers competitive compensation for Bill and Account Collectors.The average salary of $49,430 slightly exceeds the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Madison, WI a good place to live for Bill and Account Collectors?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($46,750) and Rockford, IL.
How does Madison's salary for Bill and Account Collectors compare to the national average?
Bill and Account Collectors in Madison, WI, earn an average of $49,430 annually, which is slightly higher than the national average of $48,000.
What is the cost of living in Madison, WI for Bill and Account Collectors?
Madison, WI has a Cost of Living Index of 100, which is the national average, meaning the salary of $49,430 offers standard purchasing power.
How concentrated is the job market for Bill and Account Collectors in Madison, WI?
The job market for Bill and Account Collectors in Madison, WI, is slightly less concentrated than the national average, with a Location Quotient of 0.82.
What is the total number of Bill and Account Collectors in Madison, WI?
There are approximately 360 Bill and Account Collectors working in Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Madison, WI area with a job density of 0.88 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 Madison, WI