Average Bill and Account Collectors Salary in Providence-Warwick, RI-MA
Bill and Account Collectors in the Providence-Warwick, RI-MA area earn an average annual salary of $56,710, significantly exceeding the national average of $48,000. This higher compensation is often driven by a combination of local economic factors and the specific demands of the regional market for these essential financial roles.
Executive Summary
- Average Salary: $56,710 per year.
- Growth Trend: Salaries have shifted 30.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,310.
- Outlook: With a local workforce of 510 Bill and Account Collectors, Providence-Warwick demonstrates a notable presence in this sector. The Location Quotient of 0.67 suggests that while the concentration is slightly below the national average, the absolute number of professionals indicates a stable and ongoing demand for their services within the region.
Salary Overview
The average Bill and Account Collectors in Providence-Warwick, RI-MA earns+18.1%above the national average.
$27.3
$1,091
$4,726
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Bill and Account Collectors, like many professions, have experienced steady growth over the past four years. This upward trend is typically influenced by inflation, evolving industry standards, and increasing demand for skilled financial professionals.
Bill and Account Collectors Salary Distribution in Providence-Warwick, RI-MA
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 extensive experience and specialized skills can command salaries well above the average. The widening percentile gaps signify clear opportunities for advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,420 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,533 | $20.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,670 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,888 | $34.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,310 | $36.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$56,710
Gross Pay
Real Wage (Purchasing Power)
$56,710
Adjusted for COL (100)
The average annual salary of $56,710 in Providence-Warwick, RI-MA 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 standard, offering a stable financial footing without significant cost-of-living adjustments.
Job Market Context
510
Total Jobs
0.719
Per 1K Jobs
0.67
Location Quotient
Providence-Warwick, RI-MA has 0.67x 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 0.67 indicates that Providence-Warwick has a slightly lower concentration of Bill and Account Collectors compared to the national average. This suggests that while the profession is present, the market may not be oversaturated, potentially offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Bill and Account Collectors Salary | $53,760↓ 5% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Bill and Account Collectors Salary | $56,330↓ 1% | 38 mi |
| Norwich-New London-Willimantic, CT Bill and Account Collectors Salary | $56,630↓ 0% | 39 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Providence-Warwick, RI-MA?
The median annual salary for a Bill and Account Collectors in Providence-Warwick, RI-MA is $56,710. This typically ranges from $43,420 for entry-level positions to $76,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 18.1% higher than the national median of $48,000.
Is Providence-Warwick, RI-MA a lucrative place for Bill and Account Collectors?
Yes, it is a lucrative place for Bill and Account Collectors.The average salary of $56,710 is notably higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power for collectors in the area.
Is Providence-Warwick, RI-MA a good place to live for Bill and Account Collectors?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($53,760) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick salary compare to the national average?
The average annual salary for Bill and Account Collectors in Providence-Warwick is $56,710, which is $8,710 higher than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Providence-Warwick?
The concentration, measured by the Location Quotient, is 0.67, indicating a slightly lower presence of this profession compared to the national average.
How many Bill and Account Collectors are there in Providence-Warwick?
There are approximately 510 Bill and Account Collectors employed in the Providence-Warwick, RI-MA area.
Does the cost of living affect the salary in Providence-Warwick?
No, the cost of living in Providence-Warwick is exactly at the national average (100), meaning the salary of $56,710 offers standard purchasing power relative to the rest of the country.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Providence-Warwick, RI-MA area with a job density of 0.719 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 Providence-Warwick, RI-MA