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Average Bill and Account Collectors Salary in Maine

Bill and Account Collectors in Maine earn an average annual salary of $49,820, which is slightly higher than the national average of $48,000. This localized pay differential is often influenced by the state's specific economic conditions, operational costs, and the demand for specialized financial services professionals within the region.

Executive Summary

  • Average Salary: $49,820 per year.
  • Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $59,760.
  • Outlook: With a total local workforce of 450 Bill and Account Collectors, Maine presents a modest but stable job market for this profession. The location quotient of 0.66 suggests a slightly lower concentration of these roles compared to the national average, indicating a potentially less saturated but steady demand for skilled individuals in this sector.
2024 Market Data

Salary Overview

$49,820

The average Bill and Account Collectors in Maine earns+3.8%above the national average.

BreakdownBased on 40h/week
Hourly

$24

Weekly

$958

Monthly

$4,152

Bill and Account Collectors Salary Distribution in Maine

Career progression for Bill and Account Collectors in Maine typically involves a salary increase with accumulated experience. Entry-level positions may start at a lower percentile, while seasoned professionals with proven track records and specialized skills can command salaries in the higher percentiles, reflecting their increased value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,790$19.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$37,365$18
ManagerOversees team, compliance, and project delivery.50% (Median)$47,660$22.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$62,275$29.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$59,760$28.7

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$49,820

Gross Pay

Real Wage (Purchasing Power)

$44,682

Adjusted for COL (111.5)

The average annual salary of $49,820 in Maine needs to be considered alongside its Cost of Living Index of 111.5. This index, being above the national average of 100, suggests that while the nominal salary is favorable, the purchasing power might be slightly diminished due to higher living expenses in the state.

Job Market Context

450

Total Jobs

0.708

Per 1K Jobs

0.66

Location Quotient

Below Average

Maine has 0.66x 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 0.66 indicates that Bill and Account Collectors are less concentrated in Maine compared to the national average. This suggests that the job market may not be oversaturated, potentially offering good opportunities for qualified candidates, though the overall number of positions (0.708 per 1,000 workers) remains relatively modest.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Portland-South Portland, ME Bill and Account Collectors Salary$53,160↑ 7%83 mi

Comparing salaries near Maine

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Maine?

The median annual salary for a Bill and Account Collectors in Maine is $49,820. This typically ranges from $40,790 for entry-level positions to $59,760 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 3.8% higher than the national median of $48,000.

Is Maine a lucrative place for Bill and Account Collectors?

Yes, with caveats.Maine offers a slightly above-average salary for Bill and Account Collectors compared to the national median. However, the higher cost of living means the real value of this salary should be carefully considered.

Is Maine a good place to live for Bill and Account Collectors?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Portland-South Portland, ME ($53,160) and others.

How does Maine's salary compare to the national average for Bill and Account Collectors?

The average annual salary in Maine for Bill and Account Collectors is approximately $49,820, which is slightly higher than the national average of $48,000.

What is the concentration of Bill and Account Collectors in Maine?

Maine has a Location Quotient of 0.66 for Bill and Account Collectors, indicating a lower concentration of these roles compared to the national average.

How does the cost of living in Maine affect the salary?

With a Cost of Living Index of 111.5, Maine is more expensive than the national average, meaning the $49,820 salary may have less purchasing power than it appears.

What is the total number of Bill and Account Collectors in Maine?

There are approximately 450 Bill and Account Collectors employed in Maine, representing a small but established segment of the workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Maine area with a job density of 0.708 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Maine