Average Bill and Account Collectors Salary in Rhode Island
Bill and Account Collectors in Rhode Island earn an impressive average annual salary of $57,060, significantly outpacing the national average of $48,000. This elevated compensation reflects the state's unique economic landscape and potentially higher operational costs that influence pay scales for specialized roles.
Executive Summary
- Average Salary: $57,060 per year.
- Growth Trend: Salaries have shifted 30.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,310.
- Outlook: With a local workforce of 420 Bill and Account Collectors, Rhode Island presents a moderately sized but stable employment sector for this profession. The Location Quotient of 0.8 suggests a concentration slightly below the national average, indicating a steady demand that is not oversaturated, providing a reliable job market for skilled individuals.
Salary Overview
The average Bill and Account Collectors in Rhode Island earns+18.9%above the national average.
$27.4
$1,097
$4,755
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 Rhode Island have experienced consistent growth over the past four years, mirroring national trends of increasing wages driven by inflation and evolving economic conditions. This upward trajectory suggests a positive outlook for earning potential in this field.
Bill and Account Collectors Salary Distribution in Rhode Island
Career progression for Bill and Account Collectors in Rhode Island 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 specialized skills and a proven track record can command significantly higher salaries, with percentile gaps clearly signifying this advancement.
| 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) | $42,795 | $20.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,580 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $71,325 | $34.3 |
| 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
$57,060
Gross Pay
Real Wage (Purchasing Power)
$50,946
Adjusted for COL (112)
The nominal average salary of $57,060 in Rhode Island needs to be viewed in the context of its Cost of Living Index of 112. While the salary is higher than the national average, the cost of living is also above the national average, meaning the purchasing power of this salary is somewhat moderated by local expenses.
Job Market Context
420
Total Jobs
0.855
Per 1K Jobs
0.8
Location Quotient
Rhode Island has 0.80x 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 0.8 for Bill and Account Collectors in Rhode Island indicates that this profession is slightly less concentrated than the national average. This suggests that while the demand exists, the market may not be saturated, potentially offering good opportunities for those entering or seeking to advance within the field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Bill and Account Collectors Salary | $56,710↓ 1% | 11 mi |
| Norwich-New London-Willimantic, CT Bill and Account Collectors Salary | $56,630↓ 1% | 31 mi |
| Worcester, MA Bill and Account Collectors Salary | $53,760↓ 6% | 43 mi |
| Boston-Cambridge-Newton, MA-NH Bill and Account Collectors Salary | $56,330↓ 1% | 49 mi |
Comparing salaries near Rhode Island
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Rhode Island?
The median annual salary for a Bill and Account Collectors in Rhode Island is $57,060. 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 Rhode Island is 18.9% higher than the national median of $48,000.
Is Rhode Island a lucrative place for Bill and Account Collectors?
Yes, with caveats.Rhode Island offers a higher average salary ($57,060) than the national average ($48,000), but the cost of living is also higher (112 vs 100). This means the increased salary helps offset the elevated expenses.
Is Rhode Island a good place to live for Bill and Account Collectors?
The Cost of Living Index in Rhode Island is 112. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rhode Island?
Some top paying nearby cities include Providence-Warwick, RI-MA ($56,710) and Norwich-New London-Willimantic, CT.
How does Rhode Island's job market compare to the national average for Bill and Account Collectors?
Rhode Island's job market for Bill and Account Collectors is slightly less concentrated than the national average, with a Location Quotient of 0.8, suggesting a stable but not overly abundant demand.
What is the average salary for a Bill and Account Collector in Rhode Island?
The average annual salary for a Bill and Account Collector in Rhode Island is $57,060, which is notably higher than the national average of $48,000.
How does the cost of living in Rhode Island affect the salary of Bill and Account Collectors?
Rhode Island's Cost of Living Index is 112, meaning it's 12% higher than the national average. This higher cost of living moderates the impact of the above-average salary, making the effective purchasing power slightly less than the nominal salary suggests.
What is the total number of Bill and Account Collectors in Rhode Island?
There are approximately 420 Bill and Account Collectors employed in Rhode Island, indicating a specialized but established workforce within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Rhode Island area with a job density of 0.855 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 Rhode Island