Average Bill and Account Collectors Salary in North Carolina
Bill and Account Collectors in North Carolina earn an average annual salary of $45,930. This figure is slightly below the national average of $48,000, indicating that local market dynamics and economic factors specific to North Carolina play a role in compensation for this role. The state's unique economic landscape influences the pay scale for collection professionals.
Executive Summary
- Average Salary: $45,930 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,020.
- Outlook: With a local workforce of 5,300 Bill and Account Collectors, North Carolina demonstrates a stable presence in this sector. The Location Quotient of 1.01 suggests that the concentration of these professionals in North Carolina is very close to the national average, implying a steady and consistent demand for their services without significant over-saturation or scarcity.
Salary Overview
The average Bill and Account Collectors in North Carolina earns-4.3%below the national average.
$22.1
$883
$3,828
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bill and Account Collectors in North Carolina have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles that are essential to business operations and are influenced by evolving collection regulations and technologies.
Bill and Account Collectors Salary Distribution in North Carolina
Career progression for Bill and Account Collectors in North Carolina typically involves a salary increase from entry-level positions to senior roles. While exact figures vary, experienced collectors often command higher salaries due to their proven ability to manage complex accounts, negotiate effectively, and navigate regulatory requirements, with percentile gaps reflecting this valuable experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,530 | $12.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,448 | $16.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,770 | $22 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,413 | $27.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,020 | $30.3 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$45,930
Gross Pay
Real Wage (Purchasing Power)
$48,398
Adjusted for COL (94.9)
The average annual salary of $45,930 in North Carolina is positioned favorably against the state's Cost of Living Index of 94.9. This index, being slightly below the national average of 100, suggests that the nominal salary offers a reasonable purchasing power for residents, making North Carolina an economically viable location for Bill and Account Collectors.
Job Market Context
5,300
Total Jobs
1.081
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, North Carolina has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.01 for Bill and Account Collectors in North Carolina indicates a job market that is closely aligned with the national average in terms of concentration. This suggests a balanced environment where the number of available professionals generally matches the demand from employers, leading to a moderately competitive but stable job market.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Bill and Account Collectors Salary | $52,390↑ 14% | 32 mi |
| Burlington, NC Bill and Account Collectors Salary | $36,960↓ 20% | 36 mi |
| Winston-Salem, NC Bill and Account Collectors Salary | $46,260↑ 1% | 41 mi |
| Durham-Chapel Hill, NC Bill and Account Collectors Salary | $45,850↓ 0% | 56 mi |
Comparing salaries near North Carolina
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in North Carolina?
The median annual salary for a Bill and Account Collectors in North Carolina is $45,930. This typically ranges from $26,530 for entry-level positions to $63,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Carolina is 4.3% lower than the national median of $48,000.
Is North Carolina a lucrative place for Bill and Account Collectors?
Moderately so, with a slight edge due to cost of living.While the average salary of $45,930 is slightly below the national average, North Carolina's cost of living index of 94.9 offers good purchasing power. The stable job market concentration also provides consistent opportunities.
Is North Carolina a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Carolina?
Some top paying nearby cities include Greensboro-High Point, NC ($52,390) and Burlington, NC.
How does the number of Bill and Account Collectors in NC compare nationally?
North Carolina has a workforce of 5,300 Bill and Account Collectors, with a concentration (Location Quotient) very close to the national average, indicating a similar presence relative to the overall workforce.
What is the cost of living impact on a Bill and Account Collector's salary in North Carolina?
With a Cost of Living Index of 94.9, North Carolina is slightly more affordable than the national average. This means the $45,930 salary can potentially offer better purchasing power than it might in a higher cost-of-living state.
Are there many job opportunities for Bill and Account Collectors in North Carolina?
The job market appears stable, with a Location Quotient of 1.01 suggesting demand is in line with the national average. This indicates consistent opportunities without extreme competition or scarcity.
How does experience affect a Bill and Account Collector's salary in North Carolina?
Experience significantly impacts earnings, with senior collectors typically earning more than entry-level professionals. Salary progression is evident through increasing percentile earnings as collectors gain expertise and manage more complex accounts.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,300 employees in the North Carolina area with a job density of 1.081 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 North Carolina