Average Bill and Account Collectors Salary in Reno, NV
Bill and Account Collectors in Reno, NV, earn an average annual salary of $50,540, surpassing the national average of $48,000. This localized premium is influenced by a combination of regional economic factors and the specific demand within the Reno metropolitan area for these essential financial services roles.
Executive Summary
- Average Salary: $50,540 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,890.
- Outlook: With a total local workforce of 220 Bill and Account Collectors, Reno presents a moderately sized but stable employment landscape for this profession. The Location Quotient of 0.77 suggests a slightly lower concentration compared to the national average, indicating a steady demand that aligns with the overall workforce size, rather than an oversaturated or rapidly expanding market.
Salary Overview
The average Bill and Account Collectors in Reno, NV earns+5.3%above the national average.
$24.3
$972
$4,212
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Reno's Bill and Account Collectors isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Increased demand for financial services and evolving collection strategies likely contribute to salary growth, ensuring that compensation keeps pace with inflation and the cost of living.
Bill and Account Collectors Salary Distribution in Reno, NV
Career progression for Bill and Account Collectors in Reno typically involves a significant salary increase from entry-level to senior positions. While exact figures vary, experienced collectors often command higher salaries due to their proven track record in managing complex accounts and navigating regulatory landscapes. The percentile gaps in earnings signify clear opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,780 | $18.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,905 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,660 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,175 | $30.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,890 | $30.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$50,540
Gross Pay
Real Wage (Purchasing Power)
$50,540
Adjusted for COL (100)
The average annual salary of $50,540 in Reno, NV, 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 Reno is equivalent to the national standard, offering a balanced financial standing without significant strain or surplus relative to typical expenses.
Job Market Context
220
Total Jobs
0.82
Per 1K Jobs
0.77
Location Quotient
Reno, NV has 0.77x 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 0.77 indicates that Bill and Account Collectors are slightly less concentrated in Reno, NV, compared to the national average. This suggests that while the profession is present and necessary, the job market is not overly saturated, potentially offering a competitive environment for skilled collectors seeking employment opportunities.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Yuba City, CA Bill and Account Collectors Salary | $54,320↑ 7% | 100 mi |
Comparing salaries near Reno, NV
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Reno, NV?
The median annual salary for a Bill and Account Collectors in Reno, NV is $50,540. This typically ranges from $37,780 for entry-level positions to $63,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reno, NV is 5.3% higher than the national median of $48,000.
Is Reno, NV a lucrative place for Bill and Account Collectors?
Yes, Reno, NV offers a slightly above-average earning potential for Bill and Account Collectors.The average salary of $50,540 is higher than the national average, and the cost of living is on par with the national average, indicating good purchasing power for collectors in the area.
Is Reno, NV a good place to live for Bill and Account Collectors?
The Cost of Living Index in Reno, NV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reno, NV?
Some top paying nearby cities include Yuba City, CA ($54,320) and others.
How does the number of Bill and Account Collectors in Reno compare nationally?
Reno has a total local workforce of 220 Bill and Account Collectors, which is a moderate number relative to the national distribution, with 0.82 jobs per 1,000 workers.
What is the significance of the Location Quotient (LQ) for Bill and Account Collectors in Reno?
An LQ of 0.77 means that Bill and Account Collectors are employed in Reno at a rate 23% lower than the national average. This suggests a slightly less concentrated but stable job market.
Does experience impact salary for Bill and Account Collectors in Reno?
Yes, like most professions, experience significantly influences salary. Senior Bill and Account Collectors typically earn more than entry-level positions due to accumulated skills and responsibilities.
How does Reno's cost of living affect the salary of Bill and Account Collectors?
Reno's Cost of Living Index is 100, matching the national average. Therefore, the average salary of $50,540 provides purchasing power equivalent to the national average.
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 Reno, NV area with a job density of 0.82 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 Reno, NV