Average Bill and Account Collectors Salary in Montana
Bill and Account Collectors in Montana earn an average annual salary of $46,520, which is slightly below the national average of $48,000. This localized pay rate is influenced by a combination of factors specific to Montana's economic landscape, including the overall demand for these services and the state's unique cost of living.
Executive Summary
- Average Salary: $46,520 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,260.
- Outlook: With a total local workforce of 410 Bill and Account Collectors, Montana presents a niche market for this profession. The location quotient of 0.75 indicates that the concentration of these roles is slightly lower than the national average, suggesting a stable but not rapidly expanding demand within the state.
Salary Overview
The average Bill and Account Collectors in Montana earns-3.1%below the national average.
$22.4
$895
$3,877
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Montana's Bill and Account Collectors is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and evolving collection practices likely contribute to incremental increases in compensation for skilled professionals in this field.
Bill and Account Collectors Salary Distribution in Montana
Career progression for Bill and Account Collectors in Montana typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data is unavailable, the typical salary range widens significantly with experience, reflecting greater responsibility and expertise acquired over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,950 | $13.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,890 | $16.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,830 | $22 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,150 | $28 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,260 | $29 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$46,520
Gross Pay
Real Wage (Purchasing Power)
$43,517
Adjusted for COL (106.9)
The nominal average salary of $46,520 in Montana needs to be considered alongside its Cost of Living Index of 106.9. This index, which is nearly 7% higher than the national average, suggests that the purchasing power of a Montana-based collector's salary may be somewhat diminished compared to areas with a lower cost of living.
Job Market Context
410
Total Jobs
0.804
Per 1K Jobs
0.75
Location Quotient
Montana has 0.75x 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.
Montana's location quotient of 0.75 for Bill and Account Collectors indicates a slightly lower concentration of these jobs compared to the national average. This suggests that while the profession is present, it may not be as saturated as in other states, potentially offering a steady employment landscape for qualified individuals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Helena, MT Bill and Account Collectors Salary | $46,840↑ 1% | 77 mi |
Comparing salaries near Montana
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Frequently Asked Questions
How much does a Bill and Account Collectors make in Montana?
The median annual salary for a Bill and Account Collectors in Montana is $46,520. This typically ranges from $28,950 for entry-level positions to $60,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montana is 3.1% lower than the national median of $48,000.
Is Montana a lucrative place for Bill and Account Collectors?
No, Montana is not a particularly lucrative place for Bill and Account Collectors compared to the national average.The average salary is slightly lower than the national average, and the cost of living is higher, reducing overall purchasing power.
Is Montana a good place to live for Bill and Account Collectors?
The Cost of Living Index in Montana is 106.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montana?
Some top paying nearby cities include Helena, MT ($46,840) and others.
How does Montana's cost of living affect Bill and Account Collector salaries?
Montana's Cost of Living Index of 106.9 means that $46,520 may not stretch as far as it would in a lower-cost state, effectively making the real value of the salary slightly less than the nominal figure suggests.
What is the concentration of Bill and Account Collectors in Montana?
The concentration, measured by the location quotient of 0.75, is below the national average, indicating fewer Bill and Account Collector jobs per capita in Montana compared to the rest of the United States.
How many Bill and Account Collectors are there in Montana?
There are approximately 410 Bill and Account Collectors employed within Montana, representing a relatively small segment of the state's overall workforce.
Are there many job opportunities for Bill and Account Collectors in Montana?
While the location quotient suggests a lower concentration, the stable workforce size indicates consistent, albeit not abundant, opportunities for Bill and Account Collectors in Montana.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Montana area with a job density of 0.804 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 Montana