Average Bill and Account Collectors Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
In the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area, Bill and Account Collectors earn an average annual salary of $50,320. This figure slightly surpasses the national average of $48,000, indicating a localized demand that influences compensation. The specific economic drivers and industry needs within this region contribute to this slightly elevated pay scale for the profession.
Executive Summary
- Average Salary: $50,320 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,710.
- Outlook: The Bill and Account Collector job market in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD appears stable, with a total local workforce of 3,330 individuals in this role. The Location Quotient of 1.09 suggests a concentration of these jobs that is slightly above the national average, implying a steady demand for these services within the region's economic landscape.
Salary Overview
The average Bill and Account Collectors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+4.8%above the national average.
$24.2
$968
$4,193
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 Philadelphia-Camden-Wilmington area 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 financial management.
Bill and Account Collectors Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record in collections and client management can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,670 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,740 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,880 | $23 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,900 | $30.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,710 | $32.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$50,320
Gross Pay
Real Wage (Purchasing Power)
$50,320
Adjusted for COL (100)
The average annual salary of $50,320 in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Bill and Account Collector's salary in this area is equivalent to the national average, offering a stable financial standing relative to living expenses.
Job Market Context
3,330
Total Jobs
1.161
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.09, the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area shows a slightly higher concentration of Bill and Account Collector jobs compared to the national average. This suggests a moderately competitive market where the demand for these professionals is present and potentially growing, offering a good environment for job seekers.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Bill and Account Collectors Salary | $53,330↑ 6% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Bill and Account Collectors Salary | $47,050↓ 6% | 47 mi |
| Sussex Delaware nonmetropolitan area Bill and Account Collectors Salary | $43,530↓ 13% | 47 mi |
| Reading, PA Bill and Account Collectors Salary | $48,240↓ 4% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Bill and Account Collectors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $50,320. This typically ranges from $36,670 for entry-level positions to $66,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 4.8% higher than the national median of $48,000.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Bill and Account Collectors?
Yes, it offers slightly above-average compensation.The average salary of $50,320 is higher than the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Bill and Account Collectors?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($53,330) and Allentown-Bethlehem-Easton, PA-NJ.
How does the local salary compare to the national average for Bill and Account Collectors?
Bill and Account Collectors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earn an average of $50,320 annually, which is approximately $2,320 more than the national average of $48,000.
What is the job concentration for Bill and Account Collectors in this region?
The Location Quotient for Bill and Account Collectors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 1.09, indicating that the concentration of these jobs is slightly higher than the national average.
How does the cost of living affect the salary for Bill and Account Collectors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The Cost of Living Index in this region is 100, which is the national average. This means the $50,320 salary provides purchasing power equivalent to the national average.
What is the total number of Bill and Account Collectors in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area?
There are approximately 3,330 Bill and Account Collectors employed within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,330 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 1.161 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bill and Account Collectors Salaries by State
Top Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- All Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Office and Administrative Support Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Transportation and Material Moving Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Food Preparation and Serving Related Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Sales and Related Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Management Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Healthcare Support Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Healthcare Practitioners and Technical Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Business and Financial Operations Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Educational Instruction and Library Occupations Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Browse All Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD