Average Bill and Account Collectors Salary in Oklahoma City, OK
In Oklahoma City, OK, Bill and Account Collectors earn an average annual salary of $47,070. This figure is slightly below the national average of $48,000, a common occurrence in markets where the cost of living is balanced with local demand for specialized roles. The specific economic landscape and employer needs within Oklahoma City shape this compensation.
Executive Summary
- Average Salary: $47,070 per year.
- Growth Trend: Salaries have shifted 44.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,980.
- Outlook: Oklahoma City presents a robust employment environment for Bill and Account Collectors, with a local workforce of 1,060 individuals in this role. The Location Quotient of 1.48 indicates a significantly higher concentration of these professionals compared to the national average, suggesting strong local demand and a well-established industry presence. With 1.581 jobs per 1,000 workers, the market demonstrates a healthy and consistent need for these essential financial services.
Salary Overview
The average Bill and Account Collectors in Oklahoma City, OK earns-1.9%below the national average.
$22.6
$905
$3,923
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 Oklahoma City have seen steady growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for such roles, ensuring that pay remains competitive within the local market.
Bill and Account Collectors Salary Distribution in Oklahoma City, OK
Career progression for Bill and Account Collectors in Oklahoma City typically leads to increased earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The widening gap between entry-level and senior-level pay, often reflected in salary percentiles, signifies clear opportunities for advancement and greater financial reward.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,170 | $14.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,303 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,320 | $21.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,838 | $28.3 |
| 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
$47,070
Gross Pay
Real Wage (Purchasing Power)
$47,070
Adjusted for COL (100)
The average annual salary of $47,070 in Oklahoma City aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bill and Account Collector's salary in Oklahoma City is equivalent to the national standard, offering a stable financial footing for residents.
Job Market Context
1,060
Total Jobs
1.581
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Oklahoma City, OK has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.48, Oklahoma City exhibits a notably higher concentration of Bill and Account Collectors than the national average. This suggests a competitive yet abundant job market, where employers actively seek skilled professionals, and a substantial pool of talent exists to fill these positions. The strong presence indicates a mature market for these services.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Bill and Account Collectors Salary | $45,730↓ 3% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Bill and Account Collectors Salary | $49,280↑ 5% | 34 mi |
| Northwest Oklahoma nonmetropolitan area Bill and Account Collectors Salary | $46,300↓ 2% | 34 mi |
Comparing salaries near Oklahoma City, OK
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Oklahoma City, OK?
The median annual salary for a Bill and Account Collectors in Oklahoma City, OK is $47,070. This typically ranges from $30,170 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 City, OK is 1.9% lower than the national median of $48,000.
Is Oklahoma City, OK a lucrative place for Bill and Account Collectors?
Yes, it offers competitive compensation relative to its cost of living.Bill and Account Collectors in Oklahoma City earn $47,070 annually, which aligns with the national average cost of living. The strong concentration of these roles (LQ 1.48) indicates consistent demand.
Is Oklahoma City, OK a good place to live for Bill and Account Collectors?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($45,730) and Northeast Oklahoma nonmetropolitan area.
How does Oklahoma City's salary for Bill and Account Collectors compare to the national average?
The average annual salary of $47,070 in Oklahoma City is slightly below the national average of $48,000, but this is balanced by the local cost of living.
What does the Location Quotient of 1.48 mean for Bill and Account Collectors in Oklahoma City?
A Location Quotient of 1.48 signifies that Bill and Account Collectors are 48% more concentrated in Oklahoma City than the national average, indicating a strong local presence and demand for this profession.
Is the job market for Bill and Account Collectors stable in Oklahoma City?
Yes, the market appears stable with 1.581 jobs per 1,000 workers and a significant concentration of professionals, suggesting consistent employment opportunities.
How does the cost of living affect the salary for Bill and Account Collectors in Oklahoma City?
The cost of living in Oklahoma City is exactly at the national average (100), meaning the $47,070 salary provides purchasing power equivalent to the national median, making it a stable financial environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,060 employees in the Oklahoma City, OK area with a job density of 1.581 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 Oklahoma City, OK