Average Bill and Account Collectors Salary in Salt Lake City-Murray, UT
In Salt Lake City-Murray, UT, Bill and Account Collectors earn an average annual salary of $46,350. This figure is slightly below the national average of $48,000, a common trend in markets where specific industry demand may not fully align with broader national compensation benchmarks. Local economic factors and the specific concentration of this role within the region contribute to this salary positioning.
Executive Summary
- Average Salary: $46,350 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,370.
- Outlook: The Salt Lake City-Murray area supports a substantial workforce of 2,460 Bill and Account Collectors, indicating a significant presence of this profession. With a jobs-per-1,000-workers ratio of 3.017, the demand is present, though not overwhelmingly high compared to national averages. This suggests a stable, albeit not rapidly expanding, job market for these professionals in the region.
Salary Overview
The average Bill and Account Collectors in Salt Lake City-Murray, UT earns-3.4%below the national average.
$22.3
$891
$3,863
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Salt Lake City-Murray is not provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Inflationary pressures and evolving industry demands typically drive modest annual increases in compensation for most roles, including those in financial services and collections.
Bill and Account Collectors Salary Distribution in Salt Lake City-Murray, UT
Salary progression for Bill and Account Collectors typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records in complex collections or team leadership can command significantly higher salaries. The percentile gaps in compensation clearly signify career progression and the value placed on expertise and tenure within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,350 | $17 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,763 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,260 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,938 | $27.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,370 | $28.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$46,350
Gross Pay
Real Wage (Purchasing Power)
$46,350
Adjusted for COL (100)
The average annual salary of $46,350 in Salt Lake City-Murray 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 no significant advantage or disadvantage in terms of affordability.
Job Market Context
2,460
Total Jobs
3.017
Per 1K Jobs
2.82
Location Quotient
Salt Lake City-Murray, UT has 2.8x 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.
A Location Quotient of 2.82 for Bill and Account Collectors in Salt Lake City-Murray signifies a notably higher concentration of these jobs compared to the national average. This suggests that the region has a specialized demand for this profession, potentially offering more opportunities or a more competitive environment for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Bill and Account Collectors Salary | $41,610↓ 10% | 31 mi |
| Provo-Orem-Lehi, UT Bill and Account Collectors Salary | $40,140↓ 13% | 40 mi |
| High Desert Utah nonmetropolitan area Bill and Account Collectors Salary | $39,950↓ 14% | 44 mi |
| Logan, UT-ID Bill and Account Collectors Salary | $32,520↓ 30% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Salt Lake City-Murray, UT?
The median annual salary for a Bill and Account Collectors in Salt Lake City-Murray, UT is $46,350. This typically ranges from $35,350 for entry-level positions to $59,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salt Lake City-Murray, UT is 3.4% lower than the national median of $48,000.
Is Salt Lake City-Murray, UT a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.While the concentration of Bill and Account Collectors is high, the average salary of $46,350 is slightly below the national average, and the cost of living is exactly at the national average.
Is Salt Lake City-Murray, UT a good place to live for Bill and Account Collectors?
The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salt Lake City-Murray, UT?
Some top paying nearby cities include Ogden, UT ($41,610) and Provo-Orem-Lehi, UT.
How does the local salary compare to the national average?
The average annual salary for Bill and Account Collectors in Salt Lake City-Murray is $46,350, which is slightly lower than the national average of $48,000.
What does the Location Quotient of 2.82 mean?
A Location Quotient of 2.82 indicates that Salt Lake City-Murray has 2.82 times the concentration of Bill and Account Collectors jobs compared to the national average, suggesting a specialized local market.
Is the cost of living high in Salt Lake City-Murray?
No, the cost of living in Salt Lake City-Murray is exactly at the national average, with an index of 100.
How many Bill and Account Collectors work in Salt Lake City-Murray?
There are approximately 2,460 Bill and Account Collectors employed in the Salt Lake City-Murray area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,460 employees in the Salt Lake City-Murray, UT area with a job density of 3.017 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 Salt Lake City-Murray, UT