Average Bill and Account Collectors Salary in Sherman-Denison, TX
In Sherman-Denison, TX, Bill and Account Collectors earn an average annual salary of $35,870. This figure is notably lower than the national average of $48,000, indicating that local market dynamics and potentially a different economic landscape influence compensation in this region. The specific economic conditions and demand for these services within Sherman-Denison directly shape this localized pay rate.
Executive Summary
- Average Salary: $35,870 per year.
- Growth Trend: Salaries have shifted 28.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,810.
- Outlook: The Bill and Account Collector job market in Sherman-Denison, TX, shows a significant concentration, with a Location Quotient of 3.57, suggesting a demand for these professionals that is more than three times the national average. While the total local workforce of 200 is modest, this high concentration points to a robust demand relative to the available talent pool, indicating a potentially stable job market for those in this profession.
Salary Overview
The average Bill and Account Collectors in Sherman-Denison, TX earns-25.3%below the national average.
$17.2
$690
$2,989
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Sherman-Denison is not provided, it is reasonable to assume that salaries for Bill and Account Collectors have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for such roles, ensuring that pay remains somewhat competitive over time.
Bill and Account Collectors Salary Distribution in Sherman-Denison, TX
Career progression for Bill and Account Collectors typically involves a salary increase tied to experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with years of expertise and a proven track record can command significantly higher salaries. The percentile gaps in salary distribution reflect these opportunities for advancement, with senior collectors earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,160 | $14 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,903 | $12.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,550 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $44,838 | $21.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,810 | $23 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$35,870
Gross Pay
Real Wage (Purchasing Power)
$35,870
Adjusted for COL (100)
The average annual salary of $35,870 in Sherman-Denison, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that while the salary may be lower than the national average, the cost of living does not exacerbate the difference, providing a stable financial standing for residents.
Job Market Context
200
Total Jobs
3.819
Per 1K Jobs
3.57
Location Quotient
Sherman-Denison, TX has 3.6x 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.
With a Location Quotient of 3.57, Sherman-Denison, TX, exhibits a highly concentrated market for Bill and Account Collectors. This indicates that the demand for these professionals is significantly higher in this area compared to the national average. Such a strong concentration suggests a competitive environment for employers seeking talent, and potentially more abundant opportunities for job seekers in this specialized field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Dallas-Fort Worth-Arlington, TX Bill and Account Collectors Salary | $47,050↑ 31% | 60 mi |
Comparing salaries near Sherman-Denison, TX
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Sherman-Denison, TX?
The median annual salary for a Bill and Account Collectors in Sherman-Denison, TX is $35,870. This typically ranges from $29,160 for entry-level positions to $47,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sherman-Denison, TX is 25.3% lower than the national median of $48,000.
Is Sherman-Denison, TX a lucrative place for Bill and Account Collectors?
No, but the cost of living is average.The average salary of $35,870 is below the national average, but the Cost of Living Index of 100 means your earnings will have average purchasing power locally.
Is Sherman-Denison, TX a good place to live for Bill and Account Collectors?
The Cost of Living Index in Sherman-Denison, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sherman-Denison, TX?
Some top paying nearby cities include Dallas-Fort Worth-Arlington, TX ($47,050) and others.
How does the Sherman-Denison salary compare to the national average?
The average salary for Bill and Account Collectors in Sherman-Denison, TX is $35,870, which is substantially lower than the national average of $48,000.
What does the Location Quotient of 3.57 mean for job seekers?
A Location Quotient of 3.57 signifies that Bill and Account Collector jobs are 3.57 times more concentrated in Sherman-Denison, TX than the national average, indicating strong local demand.
How does experience affect salary for Bill and Account Collectors in this area?
Experience typically leads to higher salaries, with entry-level collectors earning less than senior professionals who have developed specialized skills and a strong performance record.
Is the cost of living in Sherman-Denison, TX high?
No, Sherman-Denison, TX has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is neither significantly higher nor lower than the typical US city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Sherman-Denison, TX area with a job density of 3.819 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bill and Account Collectors Salaries by State
Top Jobs in Sherman-Denison, TX
- All Occupations Salary in Sherman-Denison, TX
- Office and Administrative Support Occupations Salary in Sherman-Denison, TX
- Food Preparation and Serving Related Occupations Salary in Sherman-Denison, TX
- Production Occupations Salary in Sherman-Denison, TX
- Sales and Related Occupations Salary in Sherman-Denison, TX
- Transportation and Material Moving Occupations Salary in Sherman-Denison, TX
- Healthcare Practitioners and Technical Occupations Salary in Sherman-Denison, TX
- Educational Instruction and Library Occupations Salary in Sherman-Denison, TX
- Management Occupations Salary in Sherman-Denison, TX
- Installation, Maintenance, and Repair Occupations Salary in Sherman-Denison, TX
- Browse All Jobs in Sherman-Denison, TX →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Sherman-Denison, TX