Average Bill and Account Collectors Salary in Raleigh-Cary, NC
Bill and Account Collectors in Raleigh-Cary, NC, earn an average annual salary of $51,970, which is notably higher than the national average of $48,000. This localized pay differential is often influenced by the specific economic conditions and demand within the Raleigh-Cary metropolitan area, reflecting a robust local job market for this profession.
Executive Summary
- Average Salary: $51,970 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,660.
- Outlook: With a total local workforce of 680 Bill and Account Collectors, Raleigh-Cary presents a stable employment landscape for this role. The Location Quotient of 0.88 suggests a concentration slightly below the national average, indicating a steady but not oversaturated market, with jobs per 1,000 workers at 0.941 pointing to consistent opportunities.
Salary Overview
The average Bill and Account Collectors in Raleigh-Cary, NC earns+8.3%above the national average.
$25
$999
$4,331
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bill and Account Collectors in Raleigh-Cary have experienced growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical as demand for financial services and collection expertise evolves within a dynamic regional economy.
Bill and Account Collectors Salary Distribution in Raleigh-Cary, NC
Career progression for Bill and Account Collectors in Raleigh-Cary typically involves salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior collectors with proven track records and specialized skills can command significantly higher salaries. The widening percentile gaps reflect this career advancement and the value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,050 | $12.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,978 | $18.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,770 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,963 | $31.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $75,660 | $36.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$51,970
Gross Pay
Real Wage (Purchasing Power)
$51,970
Adjusted for COL (100)
The average annual salary of $51,970 in Raleigh-Cary, NC, 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 this area is equivalent to the national standard, offering a balanced financial outlook for residents.
Job Market Context
680
Total Jobs
0.941
Per 1K Jobs
0.88
Location Quotient
Raleigh-Cary, NC has 0.88x 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.
The Location Quotient of 0.88 for Bill and Account Collectors in Raleigh-Cary indicates a job market that is slightly less concentrated than the national average. This suggests that while the profession is present and valued, there isn't an oversupply of collectors relative to other occupations, potentially leading to competitive opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Bill and Account Collectors Salary | $45,850↓ 12% | 18 mi |
| Burlington, NC Bill and Account Collectors Salary | $36,960↓ 29% | 49 mi |
| Fayetteville, NC Bill and Account Collectors Salary | $39,680↓ 24% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Raleigh-Cary, NC?
The median annual salary for a Bill and Account Collectors in Raleigh-Cary, NC is $51,970. This typically ranges from $26,050 for entry-level positions to $75,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 8.3% higher than the national median of $48,000.
Is Raleigh-Cary, NC a lucrative place for Bill and Account Collectors?
Yes, it offers a competitive salary.Bill and Account Collectors in Raleigh-Cary earn above the national average salary. Coupled with a cost of living that matches the national average, this makes the area financially favorable for the profession.
Is Raleigh-Cary, NC a good place to live for Bill and Account Collectors?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($45,850) and Burlington, NC.
How does the Raleigh-Cary salary compare to the national average?
The average annual salary for Bill and Account Collectors in Raleigh-Cary, NC is $51,970, which is higher than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Raleigh-Cary?
The concentration, measured by the Location Quotient, is 0.88, indicating a slightly lower presence compared to the national average.
Does the cost of living affect the salary's value in Raleigh-Cary?
No, the Cost of Living Index in Raleigh-Cary is 100, which is the national average. This means the nominal salary of $51,970 has the same purchasing power as the national average salary.
How many Bill and Account Collectors are there in Raleigh-Cary?
There are approximately 680 Bill and Account Collectors employed in the Raleigh-Cary, NC area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Raleigh-Cary, NC area with a job density of 0.941 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 Raleigh-Cary, NC