Average Bill and Account Collectors Salary in Provo-Orem-Lehi, UT
In the Provo-Orem-Lehi, UT area, Bill and Account Collectors earn an average annual salary of $40,140. This figure is notably below the national average of $48,000, suggesting that local market dynamics, such as demand and the cost of labor, play a significant role in compensation within this region.
Executive Summary
- Average Salary: $40,140 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,890.
- Outlook: The local workforce for Bill and Account Collectors in Provo-Orem-Lehi, UT, comprises approximately 220 individuals. With a Location Quotient of 0.68, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas. This suggests a stable, albeit not exceptionally high, demand for these professionals within the region's economic landscape.
Salary Overview
The average Bill and Account Collectors in Provo-Orem-Lehi, UT earns-16.4%below the national average.
$19.3
$772
$3,345
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Provo-Orem-Lehi, UT is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving collection regulations likely contribute to incremental salary increases for experienced professionals in this field.
Bill and Account Collectors Salary Distribution in Provo-Orem-Lehi, UT
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 seasoned professionals with proven track records in debt recovery and client management can command significantly higher salaries. The variance in earnings across different experience levels, often reflected in salary percentiles, highlights the opportunities for advancement and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,740 | $14.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,105 | $14.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,340 | $18.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,175 | $24.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,890 | $27.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$40,140
Gross Pay
Real Wage (Purchasing Power)
$40,140
Adjusted for COL (100)
The average annual salary of $40,140 for Bill and Account Collectors in Provo-Orem-Lehi, UT, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, it is balanced by a cost of living that is neither higher nor lower than the national benchmark, suggesting that purchasing power for these collectors is comparable to the national average.
Job Market Context
220
Total Jobs
0.724
Per 1K Jobs
0.68
Location Quotient
Provo-Orem-Lehi, UT 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 for Bill and Account Collectors in Provo-Orem-Lehi, UT, signifies that the concentration of these jobs in the area is 32% lower than the national average. This suggests that while the role is present, it is not a dominant industry sector within the local economy. Consequently, job seekers might find fewer opportunities compared to national hubs, but the lower concentration could also imply less competition for available positions.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Bill and Account Collectors Salary | $39,950↓ 0% | 13 mi |
| Salt Lake City-Murray, UT Bill and Account Collectors Salary | $46,350↑ 15% | 40 mi |
| Ogden, UT Bill and Account Collectors Salary | $41,610↑ 4% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Provo-Orem-Lehi, UT?
The median annual salary for a Bill and Account Collectors in Provo-Orem-Lehi, UT is $40,140. This typically ranges from $29,740 for entry-level positions to $56,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Provo-Orem-Lehi, UT is 16.4% lower than the national median of $48,000.
Is Provo-Orem-Lehi, UT a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.The average salary of $40,140 is below the national average of $48,000, and the cost of living is at the national average, meaning less disposable income.
Is Provo-Orem-Lehi, UT a good place to live for Bill and Account Collectors?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Provo-Orem-Lehi, UT?
Some top paying nearby cities include High Desert Utah nonmetropolitan area ($39,950) and Salt Lake City-Murray, UT.
How does the local salary compare to the national average?
The average annual salary for Bill and Account Collectors in Provo-Orem-Lehi, UT is $40,140, which is significantly lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Provo-Orem-Lehi, UT?
The concentration, measured by the Location Quotient, is 0.68, indicating that the proportion of these jobs in the area is lower than the national average.
How does the cost of living affect the salary in Provo-Orem-Lehi, UT?
The Cost of Living Index is 100, which is the national average. This means the $40,140 salary has average purchasing power locally.
What is the total number of Bill and Account Collectors in the Provo-Orem-Lehi, UT area?
There are approximately 220 Bill and Account Collectors employed in the Provo-Orem-Lehi, UT metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Provo-Orem-Lehi, UT area with a job density of 0.724 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 Provo-Orem-Lehi, UT