Average Bill and Account Collectors Salary in New York
Bill and Account Collectors in New York earn an average annual salary of $52,560, surpassing the national average of $48,000. This higher compensation is often attributed to the state's robust economic activity and the generally higher cost of doing business, which influences wage structures across various industries.
Executive Summary
- Average Salary: $52,560 per year.
- Growth Trend: Salaries have shifted 20.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,070.
- Outlook: With a substantial local workforce of 8,740 individuals, the Bill and Account Collector sector in New York demonstrates a significant presence. The Location Quotient of 0.86 suggests a concentration slightly below the national average, indicating a stable yet not overly saturated market, with 0.916 jobs per 1,000 workers reflecting consistent demand.
Salary Overview
The average Bill and Account Collectors in New York earns+9.5%above the national average.
$25.3
$1,011
$4,380
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Bill and Account Collectors in New York has experienced growth over the past four years, mirroring general economic trends and inflation. Increased demand for financial services and evolving collection strategies likely contribute to upward pressure on wages.
Bill and Account Collectors Salary Distribution in New York
The career path for Bill and Account Collectors typically involves salary progression based on experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with proven track records in complex debt recovery and client management can command significantly higher salaries, reflecting the increasing value of their expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,260 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,420 | $19 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,710 | $22.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,700 | $31.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,070 | $35.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$52,560
Gross Pay
Real Wage (Purchasing Power)
$42,014
Adjusted for COL (125.1)
The nominal average salary of $52,560 in New York needs to be considered within the context of its Cost of Living Index of 125.1. This means that while the take-home pay is higher than the national average, the increased cost of goods and services in New York will impact the actual purchasing power of that salary.
Job Market Context
8,740
Total Jobs
0.916
Per 1K Jobs
0.86
Location Quotient
New York has 0.86x 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.
A Location Quotient of 0.86 indicates that Bill and Account Collectors are employed in New York at a rate slightly lower than the national average. This suggests that while the profession is present and necessary, it is not a disproportionately dominant sector within the state's overall employment landscape, implying a balanced competitive environment.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Bill and Account Collectors Salary | $46,860↓ 11% | 49 mi |
| Kingston, NY Bill and Account Collectors Salary | $56,860↑ 8% | 51 mi |
| Scranton--Wilkes-Barre, PA Bill and Account Collectors Salary | $43,200↓ 18% | 64 mi |
| Utica-Rome, NY Bill and Account Collectors Salary | $47,070↓ 10% | 66 mi |
| Albany-Schenectady-Troy, NY Bill and Account Collectors Salary | $51,680↓ 2% | 68 mi |
Comparing salaries near New York
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in New York?
The median annual salary for a Bill and Account Collectors in New York is $52,560. This typically ranges from $36,260 for entry-level positions to $74,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 9.5% higher than the national median of $48,000.
Is New York a lucrative place for Bill and Account Collectors?
Yes, with caveats.The average salary of $52,560 is higher than the national average, but the elevated cost of living in New York must be factored into its true lucrativeness.
Is New York a good place to live for Bill and Account Collectors?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($46,860) and Kingston, NY.
How does the New York job market compare to the national average for Bill and Account Collectors?
New York has a slightly lower concentration of Bill and Account Collectors compared to the national average, as indicated by a Location Quotient of 0.86, suggesting a less saturated market.
What is the average number of Bill and Account Collector jobs per 1,000 workers in New York?
In New York, there are approximately 0.916 jobs per 1,000 workers for Bill and Account Collectors, reflecting the demand within the state's workforce.
How does experience impact salary for Bill and Account Collectors in New York?
Experience significantly influences salary, with senior collectors earning more due to specialized skills and a proven ability to manage complex accounts, creating a clear progression path.
Is the higher salary in New York enough to offset the cost of living?
While the nominal salary is higher, the Cost of Living Index of 125.1 means that the purchasing power of $52,560 in New York is less than the same amount in a national average cost-of-living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,740 employees in the New York area with a job density of 0.916 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 York