Average Bill and Account Collectors Salary in North Dakota
Bill and Account Collectors in North Dakota earn an average annual salary of $42,640, which is below the national average of $48,000. This disparity is often influenced by regional economic factors and the specific demand for these services within the state's unique market dynamics.
Executive Summary
- Average Salary: $42,640 per year.
- Growth Trend: Salaries have shifted 4.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,100.
- Outlook: With a total local workforce of 310 Bill and Account Collectors, North Dakota presents a modest employment landscape for this profession. The Location Quotient of 0.68 indicates that the concentration of these roles is lower than the national average, suggesting a stable but not rapidly expanding job market.
Salary Overview
The average Bill and Account Collectors in North Dakota earns-11.2%below the national average.
$20.5
$820
$3,553
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 Dakota have seen gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This steady, albeit potentially modest, increase would reflect the ongoing need for collection services within the state's economy.
Bill and Account Collectors Salary Distribution in North Dakota
Experience plays a significant role in the earning potential of Bill and Account Collectors. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command higher salaries. The percentile gaps in earnings signify clear career progression opportunities for those who develop specialized skills and demonstrate consistent performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,270 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,980 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,500 | $18.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,300 | $25.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,100 | $28.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$42,640
Gross Pay
Real Wage (Purchasing Power)
$45,313
Adjusted for COL (94.1)
The nominal average salary of $42,640 in North Dakota is complemented by a Cost of Living Index of 94.1, which is below the national average of 100. This means that the purchasing power of a Bill and Account Collector's salary in North Dakota is relatively strong, as everyday expenses are generally more affordable than the national norm.
Job Market Context
310
Total Jobs
0.73
Per 1K Jobs
0.68
Location Quotient
North Dakota has 0.68x 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 0.68 suggests that Bill and Account Collector roles are less concentrated in North Dakota compared to the national average. This indicates a less saturated job market, which could translate to more opportunities for skilled individuals, though the overall demand may be lower than in more populous states.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Bill and Account Collectors Salary | $45,930↑ 8% | 68 mi |
Comparing salaries near North Dakota
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in North Dakota?
The median annual salary for a Bill and Account Collectors in North Dakota is $42,640. This typically ranges from $31,270 for entry-level positions to $59,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Dakota is 11.2% lower than the national median of $48,000.
Is North Dakota a lucrative place for Bill and Account Collectors?
No, North Dakota is not a particularly lucrative place for Bill and Account Collectors compared to the national average.The average salary of $42,640 is below the national average of $48,000, although the lower cost of living offers some compensation.
Is North Dakota a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 94.1 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Dakota?
Some top paying nearby cities include Bismarck, ND ($45,930) and others.
How does the North Dakota salary compare to the national average?
The average annual salary for Bill and Account Collectors in North Dakota is $42,640, which is approximately $5,360 less than the national average of $48,000.
What is the cost of living in North Dakota for Bill and Account Collectors?
North Dakota has a Cost of Living Index of 94.1, meaning it is 5.9% cheaper to live there than the national average. This makes the nominal salary go further.
How concentrated are Bill and Account Collector jobs in North Dakota?
The concentration of Bill and Account Collector jobs in North Dakota, indicated by a Location Quotient of 0.68, is lower than the national average, suggesting a less dense job market.
What is the total number of Bill and Account Collectors in North Dakota?
There are approximately 310 Bill and Account Collectors employed within North Dakota, representing a small segment of the state's overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the North Dakota area with a job density of 0.73 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 Dakota