Average Bill and Account Collectors Salary in New Orleans-Metairie, LA
In New Orleans-Metairie, LA, Bill and Account Collectors earn an average annual salary of $39,500. This figure is notably below the national average of $48,000, suggesting that local market dynamics, such as industry demand and the cost of labor, play a significant role in compensation within this metropolitan area. Understanding these local factors is crucial for anyone in or considering this profession in the region.
Executive Summary
- Average Salary: $39,500 per year.
- Growth Trend: Salaries have shifted 6.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $53,960.
- Outlook: The Bill and Account Collector job market in New Orleans-Metairie, LA, shows a moderate level of concentration, with a Location Quotient of 1.13, indicating a slightly higher presence of these roles compared to the national average. With a local workforce of 530 individuals in this occupation and 1.206 jobs per 1,000 workers, the market suggests a stable, albeit not rapidly expanding, demand for these services within the area.
Salary Overview
The average Bill and Account Collectors in New Orleans-Metairie, LA earns-17.7%below the national average.
$19
$760
$3,292
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in New Orleans-Metairie is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, evolving collection technologies, and increased regulatory compliance likely contribute to incremental increases in compensation for skilled professionals in this field.
Bill and Account Collectors Salary Distribution in New Orleans-Metairie, LA
Salary progression for Bill and Account Collectors typically correlates with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with proven track records in debt recovery and client management can command significantly higher salaries. The percentile gaps in compensation clearly signify career progression, rewarding increased expertise, specialized skills, and successful performance metrics.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,170 | $14 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,625 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,540 | $18.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,375 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $53,960 | $25.9 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,500
Gross Pay
Real Wage (Purchasing Power)
$39,500
Adjusted for COL (100)
The average annual salary of $39,500 for Bill and Account Collectors in New Orleans-Metairie aligns precisely with the national average cost of living index of 100. This means that while the nominal salary may appear lower than the national average, the purchasing power of that income is comparable to the national standard, offering a balanced financial outlook for residents.
Job Market Context
530
Total Jobs
1.206
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, New Orleans-Metairie, LA has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.13, the New Orleans-Metairie area exhibits a slightly higher concentration of Bill and Account Collectors than the national average. This suggests a moderately competitive job market where demand is present but not overwhelmingly saturated, offering potential opportunities for qualified candidates while indicating a stable employment landscape for this role.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Slidell-Mandeville-Covington, LA Bill and Account Collectors Salary | $38,100↓ 4% | 18 mi |
| Gulfport-Biloxi, MS Bill and Account Collectors Salary | $40,130↑ 2% | 57 mi |
| Houma-Bayou Cane-Thibodaux, LA Bill and Account Collectors Salary | $37,060↓ 6% | 58 mi |
| Baton Rouge, LA Bill and Account Collectors Salary | $43,120↑ 9% | 76 mi |
Comparing salaries near New Orleans-Metairie, LA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in New Orleans-Metairie, LA?
The median annual salary for a Bill and Account Collectors in New Orleans-Metairie, LA is $39,500. This typically ranges from $29,170 for entry-level positions to $53,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Orleans-Metairie, LA is 17.7% lower than the national median of $48,000.
Is New Orleans-Metairie, LA a lucrative place for Bill and Account Collectorss?
No, not significantly more lucrative than the national average.While the cost of living is average, the nominal salary of $39,500 is substantially lower than the national average of $48,000, indicating less lucrative earning potential in this specific location.
Is New Orleans-Metairie, LA a good place to live for Bill and Account Collectors?
The Cost of Living Index in New Orleans-Metairie, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Orleans-Metairie, LA?
Some top paying nearby cities include Slidell-Mandeville-Covington, LA ($38,100) and Gulfport-Biloxi, MS.
How does the local workforce size affect job prospects?
A local workforce of 530 Bill and Account Collectors suggests a established presence of the profession, indicating consistent, though not necessarily booming, job opportunities within the New Orleans-Metairie area.
What does a Location Quotient of 1.13 mean for Bill and Account Collectors?
A Location Quotient of 1.13 signifies that Bill and Account Collectors are 13% more concentrated in New Orleans-Metairie than the national average, implying a slightly higher demand or availability of these roles relative to other occupations in the region.
Are there significant salary differences based on experience in New Orleans?
Yes, like most fields, experience plays a crucial role. Entry-level collectors will earn less, while those with several years of experience and a strong performance record can expect to earn considerably more than the stated average.
How does the cost of living impact the $39,500 salary?
With a Cost of Living Index of 100, the $39,500 salary in New Orleans-Metairie offers purchasing power equivalent to the national average. This means that while the salary is below the national average, the expenses for goods and services are also at the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the New Orleans-Metairie, LA area with a job density of 1.206 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 New Orleans-Metairie, LA