Average Bill and Account Collectors Salary in Rockford, IL
The average salary for a Bill and Account Collectors in Rockford, IL is $47,130. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $47,130 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,670.
- Outlook: The current demand for Bill and Account Collectorss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Rockford, IL economy.
Salary Overview
The average Bill and Account Collectors in Rockford, IL earns-1.8%below the national average.
$22.7
$906
$3,928
Bill and Account Collectors Salary Trends (2020-2024)
Over the past 4 years, Bill and Account Collectors salaries in Rockford, IL have shown healthy growth of 17.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Bill and Account Collectors Salary Distribution in Rockford, IL
The earning potential for Bill and Account Collectorss in Rockford, IL varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $37,260, while highly experienced professionals can command wages upwards of $64,670.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,260 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,348 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $42,610 | $20.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,913 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,670 | $31.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$47,130
Gross Pay
Real Wage (Purchasing Power)
$47,130
Adjusted for COL (100)
In Rockford, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $47,130 to $47,130.
Job Market Context
80
Total Jobs
0.546
Per 1K Jobs
0.51
Location Quotient
Rockford, IL has 0.51x 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.
80 people work as Bill and Account Collectors in Rockford, IL.
Only 0.546 out of every 1,000 local jobs are Bill and Account Collectors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Bill and Account Collectors Salary | $46,750↓ 1% | 30 mi |
| Madison, WI Bill and Account Collectors Salary | $49,430↑ 5% | 59 mi |
| Racine-Mount Pleasant, WI Bill and Account Collectors Salary | $59,260↑ 26% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Bill and Account Collectors Salary | $50,710↑ 8% | 78 mi |
Comparing salaries near Rockford, IL
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Rockford, IL?
The median annual salary for a Bill and Account Collectors in Rockford, IL is $47,130. This typically ranges from $37,260 for entry-level positions to $64,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 1.8% lower than the national median of $48,000.
Is Rockford, IL a good place for Bill and Account Collectorss?
It depends on your priorities. While the average Bill and Account Collectors salary in Rockford, IL is $47,130 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Rockford, IL. See distinct detailed breakdown below.
Is Rockford, IL a good place to live for Bill and Account Collectors?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($46,750) and Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Rockford, IL area with a job density of 0.546 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 Rockford, IL