Average Bill and Account Collectors Salary in Puerto Rico
Bill and Account Collectors in Puerto Rico earn an average annual salary of $26,540. This figure is notably lower than the national average of $48,000, reflecting regional economic factors and the specific demand dynamics within the island's labor market. The cost of living also plays a crucial role in understanding the real value of this compensation.
Executive Summary
- Average Salary: $26,540 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $34,740.
- Outlook: With a local workforce of 2,690 Bill and Account Collectors, Puerto Rico exhibits a significant concentration of these professionals, as indicated by a Location Quotient of 2.68. This suggests a robust demand or a specialized industry presence for this role on the island, implying a stable job market for individuals in this field.
Salary Overview
The average Bill and Account Collectors in Puerto Rico earns-44.7%below the national average.
$12.8
$510
$2,212
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Bill and Account Collectors in Puerto Rico have experienced modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase aims to keep compensation competitive within the local market.
Bill and Account Collectors Salary Distribution in Puerto Rico
Salary progression for Bill and Account Collectors in Puerto Rico typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings highlight the career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $20,420 | $9.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $19,905 | $9.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $24,400 | $11.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $33,175 | $15.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $34,740 | $16.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$26,540
Gross Pay
Real Wage (Purchasing Power)
$27,937
Adjusted for COL (95)
The average annual salary of $26,540 in Puerto Rico aligns with a Cost of Living Index of 95, which is slightly below the national average. This means that while the nominal salary is lower than the national average, the reduced cost of living can help to offset some of the difference, potentially making the take-home pay more manageable.
Job Market Context
2,690
Total Jobs
2.866
Per 1K Jobs
2.68
Location Quotient
Puerto Rico has 2.7x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.68 for Bill and Account Collectors in Puerto Rico signifies a market that is more than twice as concentrated as the national average. This indicates a strong presence of this occupation, suggesting that job opportunities may be relatively abundant compared to other regions, or that the industry relies heavily on this specific skill set.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Ponce, PR Bill and Account Collectors Salary | $23,550↓ 11% | 15 mi |
| Arecibo, PR Bill and Account Collectors Salary | $24,090↓ 9% | 19 mi |
| Mayaguez, PR Bill and Account Collectors Salary | $23,750↓ 11% | 33 mi |
| San Juan-Bayamon-Caguas, PR Bill and Account Collectors Salary | $27,380↑ 3% | 37 mi |
Comparing salaries near Puerto Rico
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Puerto Rico?
The median annual salary for a Bill and Account Collectors in Puerto Rico is $26,540. This typically ranges from $20,420 for entry-level positions to $34,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Puerto Rico is 44.7% lower than the national median of $48,000.
Is Puerto Rico a lucrative place for Bill and Account Collectorss?
No, not when compared to the national average.The average salary of $26,540 is significantly lower than the national average of $48,000. However, the cost of living is also lower, which may partially mitigate this difference for residents.
Is Puerto Rico a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 95 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Puerto Rico?
Some top paying nearby cities include Ponce, PR ($23,550) and Arecibo, PR.
What is the average salary for a Bill and Account Collector in Puerto Rico?
The average annual salary for a Bill and Account Collector in Puerto Rico is $26,540.
How does Puerto Rico's salary for this role compare to the national average?
The average salary in Puerto Rico ($26,540) is substantially lower than the national average of $48,000.
What does the Location Quotient of 2.68 mean for Bill and Account Collectors in Puerto Rico?
A Location Quotient of 2.68 indicates that Puerto Rico has a significantly higher concentration of Bill and Account Collectors compared to the national average, suggesting strong local demand or industry specialization.
How does the cost of living in Puerto Rico affect the salary?
With a Cost of Living Index of 95 (slightly below the national average), the lower nominal salary of $26,540 may offer a comparable or slightly better purchasing power than it would in a higher cost-of-living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,690 employees in the Puerto Rico area with a job density of 2.866 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 Puerto Rico