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Average Bill and Account Collectors Salary in Oklahoma

Bill and Account Collectors in Oklahoma earn an average annual salary of $46,440, which is slightly below the national average of $48,000. This difference is often influenced by regional economic factors and the specific demand for these services within the state's unique market dynamics. Understanding these local influences is key to assessing compensation in this role.

Executive Summary

  • Average Salary: $46,440 per year.
  • Growth Trend: Salaries have shifted 25.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $71,980.
  • Outlook: With a total local workforce of 2,450 Bill and Account Collectors, Oklahoma presents a substantial employment base for this profession. The Location Quotient of 1.35 indicates a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing demand for skilled collectors within the state's economy.
2024 Market Data

Salary Overview

$46,440

The average Bill and Account Collectors in Oklahoma earns-3.3%below the national average.

BreakdownBased on 40h/week
Hourly

$22.3

Weekly

$893

Monthly

$3,870

Bill and Account Collectors Salary Distribution in Oklahoma

Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior collectors with proven track records and specialized skills can command significantly higher salaries, reflecting increased responsibility and expertise. The percentile gaps in salary data often signify these distinct levels of career advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$29,960$14.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,830$16.7
ManagerOversees team, compliance, and project delivery.50% (Median)$43,800$21.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$58,050$27.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$71,980$34.6

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$46,440

Gross Pay

Real Wage (Purchasing Power)

$54,000

Adjusted for COL (86)

The average annual salary of $46,440 in Oklahoma is particularly advantageous when considering the state's Cost of Living Index of 86. This index, which is 14% lower than the national average, means that the nominal income earned by Bill and Account Collectors in Oklahoma provides a higher purchasing power, making the effective value of their salary greater than the national average.

Job Market Context

2,450

Total Jobs

1.448

Per 1K Jobs

1.35

Location Quotient

Above Average

With a location quotient of 1.35, Oklahoma has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

Oklahoma's Location Quotient of 1.35 for Bill and Account Collectors signifies a notable concentration of this profession within the state's labor market, exceeding the national average. This suggests that the demand for these services is relatively strong, potentially offering more job opportunities and a competitive environment for both employers and employees.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Oklahoma City, OK Bill and Account Collectors Salary$47,070↑ 1%34 mi
Tulsa, OK Bill and Account Collectors Salary$42,320↓ 9%69 mi

Comparing salaries near Oklahoma

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Oklahoma?

The median annual salary for a Bill and Account Collectors in Oklahoma is $46,440. This typically ranges from $29,960 for entry-level positions to $71,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Oklahoma is 3.3% lower than the national median of $48,000.

Is Oklahoma a lucrative place for Bill and Account Collectors?

Yes, especially considering the cost of living.While the nominal salary is slightly below the national average, Oklahoma's lower cost of living index of 86 significantly enhances the purchasing power of the $46,440 average salary.

Is Oklahoma a good place to live for Bill and Account Collectors?

With a Cost of Living Index of 86 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Oklahoma?

Some top paying nearby cities include Oklahoma City, OK ($47,070) and Tulsa, OK.

How does Oklahoma's job market compare nationally for Bill and Account Collectors?

Oklahoma has a higher concentration of Bill and Account Collectors than the national average, indicated by a Location Quotient of 1.35, suggesting a more robust local demand.

What is the average number of Bill and Account Collectors per 1,000 workers in Oklahoma?

In Oklahoma, there are approximately 1.448 Bill and Account Collectors for every 1,000 workers in the general labor force.

How does the cost of living in Oklahoma affect the salary of a Bill and Account Collector?

With a Cost of Living Index of 86, Oklahoma is more affordable than the national average, meaning the $46,440 salary provides greater purchasing power for residents.

What is the total number of Bill and Account Collectors employed in Oklahoma?

The state of Oklahoma employs a total of 2,450 individuals in the Bill and Account Collectors profession.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,450 employees in the Oklahoma area with a job density of 1.448 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Oklahoma