Average Bill and Account Collectors Salary in Michigan
Bill and Account Collectors in Michigan earn an average annual salary of $46,370, slightly below the national average of $48,000. This differential is often influenced by the state's unique economic landscape and operational costs, which can affect compensation benchmarks for roles within the financial services sector.
Executive Summary
- Average Salary: $46,370 per year.
- Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,910.
- Outlook: With a local workforce of 3,330 Bill and Account Collectors, Michigan presents a stable, albeit not exceptionally concentrated, job market for this profession. The location quotient of 0.71 suggests that while the profession is present, it is not as densely populated as the national average, indicating a moderate level of demand and opportunity within the state.
Salary Overview
The average Bill and Account Collectors in Michigan earns-3.4%below the national average.
$22.3
$892
$3,864
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 Michigan have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for such roles.
Bill and Account Collectors Salary Distribution in Michigan
Career progression for Bill and Account Collectors typically involves moving from entry-level positions to more senior roles, which are compensated at higher salary percentiles. The gap between the lowest and highest earners signifies the value placed on experience, specialized skills, and performance in managing complex accounts and client relations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,020 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,778 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,670 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,963 | $27.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,910 | $29.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$46,370
Gross Pay
Real Wage (Purchasing Power)
$51,181
Adjusted for COL (90.6)
The average annual salary of $46,370 in Michigan aligns favorably with the state's Cost of Living Index of 90.6. This means that the nominal income earned by Bill and Account Collectors in Michigan generally offers a higher purchasing power compared to the national average, making the effective value of their salary more substantial.
Job Market Context
3,330
Total Jobs
0.76
Per 1K Jobs
0.71
Location Quotient
Michigan has 0.71x 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 0.71 indicates that Bill and Account Collectors are employed in Michigan at a rate slightly lower than the national average. This suggests a moderately competitive job market where the supply of collectors is somewhat less concentrated relative to the overall workforce compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Saginaw, MI Bill and Account Collectors Salary | $46,940↑ 1% | 30 mi |
| Lansing-East Lansing, MI Bill and Account Collectors Salary | $39,450↓ 15% | 42 mi |
| Flint, MI Bill and Account Collectors Salary | $41,830↓ 10% | 47 mi |
Comparing salaries near Michigan
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Michigan?
The median annual salary for a Bill and Account Collectors in Michigan is $46,370. This typically ranges from $34,020 for entry-level positions to $61,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Michigan is 3.4% lower than the national median of $48,000.
Is Michigan a lucrative place for Bill and Account Collectorss?
No, but cost of living offers value.While the average salary of $46,370 is below the national average, Michigan's lower cost of living (90.6) means your earnings can go further, offering good purchasing power.
Is Michigan a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 90.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Michigan?
Some top paying nearby cities include Saginaw, MI ($46,940) and Lansing-East Lansing, MI.
How does Michigan's cost of living affect Bill and Account Collector salaries?
Michigan's cost of living is approximately 9.4% lower than the national average. This means that the $46,370 salary provides a higher effective purchasing power for Bill and Account Collectors in the state compared to someone earning the same amount in a higher cost-of-living area.
What is the concentration of Bill and Account Collectors in Michigan?
The concentration, measured by the Location Quotient of 0.71, indicates that Bill and Account Collectors are employed in Michigan at a rate slightly below the national average. This suggests a moderate presence of these professionals within the state's workforce.
How many Bill and Account Collectors are there in Michigan?
Michigan employs approximately 3,330 Bill and Account Collectors. This workforce size provides a baseline for understanding the scale of employment in this sector within the state.
Are there many job openings for Bill and Account Collectors in Michigan?
With 0.76 jobs per 1,000 workers, the rate of employment for Bill and Account Collectors in Michigan is below the national average. This suggests a steady but not rapidly expanding demand for these roles within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,330 employees in the Michigan area with a job density of 0.76 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 Michigan