Average Bill and Account Collectors Salary in Monroe, LA
In Monroe, LA, Bill and Account Collectors earn an average annual salary of $33,860. This figure is notably lower than the national average of $48,000. Local economic factors, including the cost of living and regional demand for these services, typically influence this salary differential.
Executive Summary
- Average Salary: $33,860 per year.
- Growth Trend: Salaries have shifted 1.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,650.
- Outlook: With a local workforce of 230 Bill and Account Collectors, Monroe, LA presents a concentrated job market. The Location Quotient of 2.49 significantly exceeds the national average, indicating a higher concentration of these roles relative to the general workforce. This suggests a robust demand for bill collection services within the region.
Salary Overview
The average Bill and Account Collectors in Monroe, LA earns-29.5%below the national average.
$16.3
$651
$2,822
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data isn't provided, it's generally assumed that salaries for Bill and Account Collectors in Monroe, LA, like in many other areas, have experienced gradual growth over the past four years. This trend is often driven by inflation, evolving economic conditions, and the increasing need for efficient accounts receivable management.
Bill and Account Collectors Salary Distribution in Monroe, LA
Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior collectors with proven track records and specialized skills can command significantly higher salaries, reflecting their value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,750 | $12.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,395 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,570 | $16.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,325 | $20.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,650 | $21.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$33,860
Gross Pay
Real Wage (Purchasing Power)
$33,860
Adjusted for COL (100)
The average annual salary of $33,860 in Monroe, LA aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income within Monroe is comparable to the national average, making the lower salary more palatable.
Job Market Context
230
Total Jobs
2.661
Per 1K Jobs
2.49
Location Quotient
Monroe, LA has 2.5x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Monroe, LA exhibits a strong concentration of Bill and Account Collectors, as evidenced by a Location Quotient of 2.49. This suggests that the job market for these professionals is relatively abundant and potentially competitive compared to the national landscape, with more opportunities available per capita.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Southwest Louisiana nonmetropolitan area Bill and Account Collectors Salary | $30,540↓ 10% | 94 mi |
| Central Louisiana nonmetropolitan area Bill and Account Collectors Salary | $32,180↓ 5% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Monroe, LA?
The median annual salary for a Bill and Account Collectors in Monroe, LA is $33,860. This typically ranges from $26,750 for entry-level positions to $44,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 29.5% lower than the national median of $48,000.
Is Monroe, LA a lucrative place for Bill and Account Collectors?
No, it is not a particularly lucrative place.The average salary of $33,860 is significantly below the national average of $48,000. However, the cost of living is also at the national average, mitigating some of the impact of the lower salary.
Is Monroe, LA a good place to live for Bill and Account Collectors?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Southwest Louisiana nonmetropolitan area ($30,540) and Central Louisiana nonmetropolitan area.
How does Monroe, LA's Bill and Account Collector salary compare to the national average?
Bill and Account Collectors in Monroe, LA earn an average of $33,860 annually, which is considerably less than the national average of $48,000.
What does the Location Quotient of 2.49 mean for Bill and Account Collectors in Monroe, LA?
A Location Quotient of 2.49 indicates that Bill and Account Collectors are more than twice as concentrated in Monroe, LA compared to the national average, suggesting a higher prevalence and demand for these roles locally.
How does the cost of living in Monroe, LA affect the salary?
With a Cost of Living Index of 100, Monroe, LA is at the national average. This means the $33,860 salary has average purchasing power locally, despite being below the national salary average.
What is the total number of Bill and Account Collectors in Monroe, LA?
There are approximately 230 Bill and Account Collectors employed in Monroe, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Monroe, LA area with a job density of 2.661 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 Monroe, LA