Average Bill and Account Collectors Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, Bill and Account Collectors earn an average annual salary of $46,430. This figure is slightly below the national average of $48,000, suggesting localized economic factors and demand play a role in compensation within this specific metropolitan area. The cost of living in Memphis aligns perfectly with the national average, making this salary's purchasing power comparable to the broader US.
Executive Summary
- Average Salary: $46,430 per year.
- Growth Trend: Salaries have shifted 19.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,480.
- Outlook: The Memphis, TN-MS-AR region supports a local workforce of approximately 600 Bill and Account Collectors. With a Location Quotient of 0.9, the concentration of these roles is just shy of the national average, indicating a stable but not exceptionally high demand relative to other occupations. The presence of nearly one job per thousand workers (0.963) suggests a consistent, albeit moderate, need for these professionals within the local economy.
Salary Overview
The average Bill and Account Collectors in Memphis, TN-MS-AR earns-3.3%below the national average.
$22.3
$893
$3,869
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Memphis is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, evolving collection technologies, and shifts in regulatory environments likely contribute to incremental increases in compensation for skilled professionals in this field.
Bill and Account Collectors Salary Distribution in Memphis, TN-MS-AR
Career progression for Bill and Account Collectors typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with proven track records in complex debt recovery or specialized industries can command salaries in the higher percentiles. These percentile gaps are a clear indicator of the value placed on experience and specialized skills in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,350 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,823 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,370 | $21.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,038 | $27.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,480 | $29.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$46,430
Gross Pay
Real Wage (Purchasing Power)
$46,430
Adjusted for COL (100)
The average annual salary of $46,430 in Memphis, TN-MS-AR aligns precisely with the local Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, indicating that the cost of essential goods and services is neither a significant advantage nor a disadvantage for Bill and Account Collectors relocating to or residing in this area.
Job Market Context
600
Total Jobs
0.963
Per 1K Jobs
0.9
Location Quotient
Memphis, TN-MS-AR has 0.90x 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 0.9 for Bill and Account Collectors in Memphis, TN-MS-AR suggests that the industry is slightly less concentrated than the national average. This implies that while the job market is stable and offers opportunities, it may not be as saturated as in other regions, potentially leading to a balanced competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Bill and Account Collectors Salary | $35,670↓ 23% | 64 mi |
| Jackson, TN Bill and Account Collectors Salary | $38,080↓ 18% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Memphis, TN-MS-AR?
The median annual salary for a Bill and Account Collectors in Memphis, TN-MS-AR is $46,430. This typically ranges from $34,350 for entry-level positions to $61,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 3.3% lower than the national median of $48,000.
Is Memphis, TN-MS-AR a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.The average salary of $46,430 is slightly below the national average, and the cost of living is exactly at the national average. This indicates that while stable, the financial rewards are comparable to the broader US market.
Is Memphis, TN-MS-AR a good place to live for Bill and Account Collectors?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($35,670) and Jackson, TN.
How does the Memphis salary compare to the national average?
The average annual salary for Bill and Account Collectors in Memphis, TN-MS-AR is $46,430, which is slightly lower than the national average of $48,000.
What is the Cost of Living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis, TN-MS-AR is 100, which is exactly the national average, meaning the cost of goods and services is neither higher nor lower than the typical US location.
How concentrated is the Bill and Account Collector job market in Memphis?
The job market concentration, measured by the Location Quotient, is 0.9, indicating it's slightly less concentrated than the national average, suggesting a stable but not overly saturated market.
What does the number of jobs per 1,000 workers signify?
With 0.963 jobs per 1,000 workers, it indicates a steady presence of Bill and Account Collector roles within the Memphis workforce, reflecting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Memphis, TN-MS-AR area with a job density of 0.963 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 Memphis, TN-MS-AR