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Average Bill and Account Collectors Salary in Missouri

Bill and Account Collectors in Missouri earn an average annual salary of $46,560, slightly below the national average of $48,000. This localized pay rate is influenced by a variety of factors, including the state's specific economic conditions and the prevailing demand for these essential financial services professionals within the region.

Executive Summary

  • Average Salary: $46,560 per year.
  • Growth Trend: Salaries have shifted 8.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $61,770.
  • Outlook: With a total local workforce of 3,820 Bill and Account Collectors, Missouri demonstrates a notable concentration of these professionals, as indicated by a Location Quotient of 1.22. This suggests a demand that slightly outpaces the national average, implying a stable job market for individuals in this field within the state.
2024 Market Data

Salary Overview

$46,560

The average Bill and Account Collectors in Missouri earns-3.0%below the national average.

BreakdownBased on 40h/week
Hourly

$22.4

Weekly

$895

Monthly

$3,880

Bill and Account Collectors Salary Distribution in Missouri

The salary trajectory for Bill and Account Collectors in Missouri typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and advanced skills can command significantly higher salaries, reflecting the increasing value they bring to employers. The gap between entry-level and senior roles signifies clear career progression opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,310$15.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,920$16.8
ManagerOversees team, compliance, and project delivery.50% (Median)$45,540$21.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$58,200$28
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$61,770$29.7

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$46,560

Gross Pay

Real Wage (Purchasing Power)

$52,670

Adjusted for COL (88.4)

The average annual salary of $46,560 in Missouri presents a favorable financial situation when considered against the state's Cost of Living Index of 88.4. This index, which is below the national average of 100, indicates that the purchasing power of a Bill and Account Collector's salary in Missouri is likely higher than the nominal figure suggests, allowing for a comfortable standard of living.

Job Market Context

3,820

Total Jobs

1.309

Per 1K Jobs

1.22

Location Quotient

Above Average

With a location quotient of 1.22, Missouri has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

Missouri's Location Quotient of 1.22 for Bill and Account Collectors signifies a job market where this profession is more concentrated than the national average. This suggests a potentially competitive environment for job seekers, but also indicates a robust demand for these services within the state's economy, offering ample opportunities for those with the right skills.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Jefferson City, MO Bill and Account Collectors Salary$41,630↓ 11%10 mi
Columbia, MO Bill and Account Collectors Salary$44,180↓ 5%34 mi

Comparing salaries near Missouri

Hiring Bill and Account Collectorss?

Frequently Asked Questions

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

The median annual salary for a Bill and Account Collectors in Missouri is $46,560. This typically ranges from $31,310 for entry-level positions to $61,770 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Missouri is 3.0% lower than the national median of $48,000.

Is Missouri a lucrative place for Bill and Account Collectors?

Yes, especially considering the cost of living.While the average salary is slightly below the national average, Missouri's lower cost of living index means that $46,560 provides strong purchasing power. The concentration of jobs also suggests consistent demand.

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

With a Cost of Living Index of 88.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Missouri?

Some top paying nearby cities include Jefferson City, MO ($41,630) and Columbia, MO.

What is the average salary for a Bill and Account Collector in Missouri?

The average annual salary for a Bill and Account Collector in Missouri is $46,560.

How does Missouri's cost of living compare to the national average?

Missouri's cost of living index is 88.4, which is lower than the national average of 100, making it more affordable.

Is the job market for Bill and Account Collectors strong in Missouri?

Yes, with a Location Quotient of 1.22 and 1.309 jobs per 1,000 workers, the market shows a concentration and demand slightly above the national average.

How does experience affect a Bill and Account Collector's salary in Missouri?

Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher compensation, reflecting a clear career progression path.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,820 employees in the Missouri area with a job density of 1.309 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 Missouri