SalaryNode

Average Bill and Account Collectors Salary in Miami-Fort Lauderdale-West Palm Beach, FL

In the vibrant Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area, Bill and Account Collectors earn an average annual salary of $50,040. This figure notably surpasses the national average of $48,000, indicating a localized premium for this role. The economic landscape and specific industry demands within this Florida region likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $50,040 per year.
  • Growth Trend: Salaries have shifted 27.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $65,610.
  • Outlook: The job market for Bill and Account Collectors in Miami-Fort Lauderdale-West Palm Beach, FL, appears robust, with a local workforce of 3,720 individuals. The Location Quotient of 1.25 suggests a higher concentration of these roles compared to the national average, implying sustained demand and a potentially stable job outlook for skilled professionals in this sector.
2024 Market Data

Salary Overview

$50,040

The average Bill and Account Collectors in Miami-Fort Lauderdale-West Palm Beach, FL earns+4.3%above the national average.

BreakdownBased on 40h/week
Hourly

$24.1

Weekly

$962

Monthly

$4,170

Bill and Account Collectors Salary Distribution in Miami-Fort Lauderdale-West Palm Beach, FL

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 senior collectors with proven track records and specialized skills can command significantly higher salaries, reflecting their expertise and value to employers. The percentile gaps in earnings clearly signify opportunities for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,120$17.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$37,530$18
ManagerOversees team, compliance, and project delivery.50% (Median)$45,960$22.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$62,550$30.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$65,610$31.5

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$50,040

Gross Pay

Real Wage (Purchasing Power)

$50,040

Adjusted for COL (100)

The average annual salary of $50,040 in Miami-Fort Lauderdale-West Palm Beach, FL, 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 this region is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.

Job Market Context

3,720

Total Jobs

1.338

Per 1K Jobs

1.25

Location Quotient

Above Average

With a location quotient of 1.25, Miami-Fort Lauderdale-West Palm Beach, FL has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

With a Location Quotient of 1.25, the Miami-Fort Lauderdale-West Palm Beach, FL area demonstrates a concentration of Bill and Account Collector positions that is 25% higher than the national average. This suggests a competitive yet abundant job market, where employers may actively seek talent, and professionals have a good selection of opportunities.

Nearby Job Markets

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Miami-Fort Lauderdale-West Palm Beach, FL?

The median annual salary for a Bill and Account Collectors in Miami-Fort Lauderdale-West Palm Beach, FL is $50,040. This typically ranges from $37,120 for entry-level positions to $65,610 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Miami-Fort Lauderdale-West Palm Beach, FL is 4.3% higher than the national median of $48,000.

Is Miami-Fort Lauderdale-West Palm Beach, FL a lucrative place for Bill and Account Collectors?

Yes, it offers a slight advantage over the national average.Bill and Account Collectors in this region earn $50,040 annually, which is above the national average of $48,000. Coupled with a cost of living index at the national average, this makes the area financially favorable.

Is Miami-Fort Lauderdale-West Palm Beach, FL a good place to live for Bill and Account Collectors?

The Cost of Living Index in Miami-Fort Lauderdale-West Palm Beach, FL is 100. While higher than average, this often correlates with higher wages.

How does the local salary compare to the national average?

The average annual salary for Bill and Account Collectors in Miami-Fort Lauderdale-West Palm Beach, FL is $50,040, which is higher than the national average of $48,000.

What is the concentration of Bill and Account Collector jobs in this area?

The Location Quotient is 1.25, indicating that there is a 25% higher concentration of Bill and Account Collector jobs in Miami-Fort Lauderdale-West Palm Beach, FL compared to the national average.

How does the cost of living affect the salary in Miami-Fort Lauderdale-West Palm Beach, FL?

The cost of living index is 100, which is the national average. This means the $50,040 salary has the same purchasing power as the national average salary.

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

There are approximately 3,720 Bill and Account Collectors employed in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,720 employees in the Miami-Fort Lauderdale-West Palm Beach, FL area with a job density of 1.338 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Miami-Fort Lauderdale-West Palm Beach, FL

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Miami-Fort Lauderdale-West Palm Beach, FL