Average Bill and Account Collectors Salary in New York-Newark-Jersey City, NY-NJ
Bill and Account Collectors in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an average annual salary of $57,960. This figure significantly surpasses the national average of $48,000, indicating a premium for this role within this dynamic economic region. The higher compensation is likely influenced by the area's robust economic activity and demand for skilled financial services professionals.
Executive Summary
- Average Salary: $57,960 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,210.
- Outlook: With a local workforce of 6,390 Bill and Account Collectors, the New York-Newark-Jersey City area demonstrates a substantial presence in this sector. The Location Quotient of 0.64 suggests that while the concentration is slightly below the national average, the sheer volume of jobs indicates a stable and ongoing demand for these professionals within this major metropolitan hub.
Salary Overview
The average Bill and Account Collectors in New York-Newark-Jersey City, NY-NJ earns+20.8%above the national average.
$27.9
$1,115
$4,830
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in the New York-Newark-Jersey City area have 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 compensation for experienced professionals in this field.
Bill and Account Collectors Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Bill and Account Collectors typically sees a significant salary increase with 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 salaries well above the average. The percentile gaps in earnings clearly signify the value placed on experience and specialized skills in this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,370 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,470 | $20.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,250 | $25.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,450 | $34.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $82,210 | $39.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$57,960
Gross Pay
Real Wage (Purchasing Power)
$57,960
Adjusted for COL (100)
The nominal average annual salary of $57,960 in the New York-Newark-Jersey City area aligns perfectly with the national Cost of Living Index of 100. This means that while the gross salary is higher than the national average, the purchasing power of that salary is effectively equivalent to the national average, considering the local cost of goods and services.
Job Market Context
6,390
Total Jobs
0.682
Per 1K Jobs
0.64
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.64x 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 0.64 indicates that Bill and Account Collectors are employed in the New York-Newark-Jersey City area at a rate slightly lower than the national average relative to the overall workforce. This suggests that while the role is present, it is not disproportionately concentrated here, implying a moderately competitive job market where opportunities exist but may require targeted job searching.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Bill and Account Collectors Salary | $51,890↓ 10% | 44 mi |
| Trenton-Princeton, NJ Bill and Account Collectors Salary | $53,330↓ 8% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Bill and Account Collectors Salary | $55,110↓ 5% | 54 mi |
| New Haven, CT Bill and Account Collectors Salary | $59,770↑ 3% | 70 mi |
| Waterbury-Shelton, CT Bill and Account Collectors Salary | $43,070↓ 26% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Bill and Account Collectors in New York-Newark-Jersey City, NY-NJ is $57,960. This typically ranges from $40,370 for entry-level positions to $82,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 20.8% higher than the national median of $48,000.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Bill and Account Collectors?
Yes, it offers higher than average pay.The average salary of $57,960 is significantly higher than the national average of $48,000. However, the Cost of Living Index being at the national average means the increased salary provides equivalent purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Bill and Account Collectors?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($51,890) and Trenton-Princeton, NJ.
How does the local salary compare to the national average?
Bill and Account Collectors in New York-Newark-Jersey City, NY-NJ earn an average of $57,960 annually, which is $9,960 more than the national average of $48,000.
What is the concentration of Bill and Account Collectors in this area?
The Location Quotient is 0.64, meaning the concentration of Bill and Account Collectors in this area is 36% lower than the national average.
Does the cost of living affect the value of the salary?
The Cost of Living Index is 100, which is the national average. Therefore, the higher nominal salary of $57,960 has purchasing power equivalent to the national average.
How many Bill and Account Collectors work in this region?
There are approximately 6,390 Bill and Account Collectors employed in the New York-Newark-Jersey City, NY-NJ metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,390 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.682 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-Newark-Jersey City, NY-NJ