Average Bill and Account Collectors Salary in Mississippi
In Mississippi, Bill and Account Collectors earn an average annual salary of $39,130. This figure is notably lower than the national average of $48,000, reflecting regional economic factors and the specific demand within the state. The lower average salary in Mississippi is often influenced by the prevailing wage scales and the overall economic landscape of the region.
Executive Summary
- Average Salary: $39,130 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,530.
- Outlook: Mississippi's market for Bill and Account Collectors shows a moderate concentration, with a total local workforce of 850 individuals in this role. The Location Quotient of 0.68 suggests that this profession is less concentrated in Mississippi compared to the national average, indicating a potentially stable but not rapidly expanding job market. The number of jobs per 1,000 workers, at 0.733, further supports this assessment of steady, albeit not booming, demand.
Salary Overview
The average Bill and Account Collectors in Mississippi earns-18.5%below the national average.
$18.8
$753
$3,261
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Mississippi's Bill and Account Collector salaries is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic recovery and inflation adjustments. Such trends typically see incremental annual increases as the cost of living rises and the demand for skilled financial service professionals evolves.
Bill and Account Collectors Salary Distribution in Mississippi
Career progression for Bill and Account Collectors in Mississippi, as elsewhere, typically involves salary increases tied to experience and demonstrated performance. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with years of experience and a proven track record in collections and account management can command significantly higher salaries, often reaching into higher percentile brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,560 | $12.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,348 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,610 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,913 | $23.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,530 | $27.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,130
Gross Pay
Real Wage (Purchasing Power)
$45,133
Adjusted for COL (86.7)
The average annual salary of $39,130 in Mississippi presents a mixed picture when viewed against the state's Cost of Living Index of 86.7. While the lower cost of living means that $39,130 may offer a comparable purchasing power to a higher nominal salary in a more expensive state, it still represents a below-national-average income. This suggests that while daily expenses might be more manageable, the overall earning potential remains constrained compared to national benchmarks.
Job Market Context
850
Total Jobs
0.733
Per 1K Jobs
0.68
Location Quotient
Mississippi has 0.68x 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.
With a Location Quotient of 0.68, the market for Bill and Account Collectors in Mississippi is less concentrated than the national average. This indicates that the profession is not a dominant industry within the state's employment landscape. While this might suggest less intense competition for available roles, it also points to a potentially smaller pool of specialized opportunities compared to states with a higher concentration of these services.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Bill and Account Collectors Salary | $44,150↑ 13% | 43 mi |
Comparing salaries near Mississippi
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Mississippi?
The median annual salary for a Bill and Account Collectors in Mississippi is $39,130. This typically ranges from $26,560 for entry-level positions to $57,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mississippi is 18.5% lower than the national median of $48,000.
Is Mississippi a lucrative place for Bill and Account Collectorss?
No, Mississippi is not a particularly lucrative place for Bill and Account Collectors.The average annual salary of $39,130 is significantly below the national average of $48,000, and while the cost of living is lower, the earning potential remains constrained.
Is Mississippi a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 86.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Mississippi?
Some top paying nearby cities include Jackson, MS ($44,150) and others.
How does Mississippi's Bill and Account Collector salary compare to the national average?
The average annual salary for Bill and Account Collectors in Mississippi is $39,130, which is considerably lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Mississippi?
Mississippi has a lower concentration of Bill and Account Collectors compared to the national average, as indicated by a Location Quotient of 0.68.
How does the cost of living in Mississippi affect the salary?
Mississippi's Cost of Living Index is 86.7, meaning expenses are lower than the national average. This helps offset the lower nominal salary, making the purchasing power somewhat better than the raw number suggests.
What is the total workforce size for Bill and Account Collectors in Mississippi?
There are approximately 850 individuals employed as Bill and Account Collectors in Mississippi.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the Mississippi area with a job density of 0.733 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 Mississippi