Average Bill and Account Collectors Salary in Sioux Falls, SD-MN
In Sioux Falls, SD-MN, Bill and Account Collectors earn an average annual salary of $44,880. This figure is slightly below the national average of $48,000, a common trend in regions with a lower cost of living and specific industry concentrations. Local economic factors and demand within the Sioux Falls metropolitan area directly influence this compensation.
Executive Summary
- Average Salary: $44,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $53,180.
- Outlook: The Sioux Falls, SD-MN market for Bill and Account Collectors appears robust, evidenced by a substantial local workforce of 830 individuals. The exceptionally high Location Quotient of 4.42 indicates a significant concentration of these roles compared to the national average, suggesting strong local demand and a specialized job market.
Salary Overview
The average Bill and Account Collectors in Sioux Falls, SD-MN earns-6.5%below the national average.
$21.6
$863
$3,740
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 Sioux Falls have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving collection practices likely contribute to a steady, albeit potentially modest, upward trajectory in compensation for these professionals.
Bill and Account Collectors Salary Distribution in Sioux Falls, SD-MN
Career progression for Bill and Account Collectors in Sioux Falls typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with proven track records and specialized skills can command significantly higher salaries, reflecting the percentile gaps seen in salary distributions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,930 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,660 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,630 | $22.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,100 | $27 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $53,180 | $25.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,880
Gross Pay
Real Wage (Purchasing Power)
$44,880
Adjusted for COL (100)
The nominal average annual salary of $44,880 in Sioux Falls, SD-MN aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Bill and Account Collector's salary in Sioux Falls is equivalent to the national average, offering stable financial stability without the premium often associated with higher cost-of-living areas.
Job Market Context
830
Total Jobs
4.735
Per 1K Jobs
4.42
Location Quotient
Sioux Falls, SD-MN has 4.4x 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 4.42, Sioux Falls, SD-MN demonstrates a highly concentrated market for Bill and Account Collectors, significantly exceeding the national average. This suggests that the demand for these professionals is disproportionately high relative to the rest of the country, making it a potentially advantageous location for job seekers in this field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Bill and Account Collectors Salary | $44,990↑ 0% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Sioux Falls, SD-MN?
The median annual salary for a Bill and Account Collectors in Sioux Falls, SD-MN is $44,880. This typically ranges from $35,930 for entry-level positions to $53,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux Falls, SD-MN is 6.5% lower than the national median of $48,000.
Is Sioux Falls, SD-MN a lucrative place for Bill and Account Collectors?
Yes, with caveats.While the average salary is slightly below the national average, the high concentration of jobs and a cost of living at the national average indicate strong local demand and stable purchasing power for Bill and Account Collectors.
Is Sioux Falls, SD-MN a good place to live for Bill and Account Collectors?
The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux Falls, SD-MN?
Some top paying nearby cities include Sioux City, IA-NE-SD ($44,990) and others.
How does the Sioux Falls Bill and Account Collector salary compare to the national average?
The average annual salary for Bill and Account Collectors in Sioux Falls, SD-MN is $44,880, which is slightly lower than the national average of $48,000.
What does the Location Quotient mean for Bill and Account Collectors in Sioux Falls?
A Location Quotient of 4.42 signifies that Bill and Account Collector roles are over 4 times more concentrated in Sioux Falls, SD-MN than the national average, indicating a robust local job market for this profession.
How does the cost of living affect the salary in Sioux Falls?
The Cost of Living Index in Sioux Falls is 100, matching the national average. This means the $44,880 salary offers purchasing power equivalent to the national average, making it relatively stable.
What is the total number of Bill and Account Collectors in Sioux Falls?
There are approximately 830 Bill and Account Collectors employed within the Sioux Falls, SD-MN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 830 employees in the Sioux Falls, SD-MN area with a job density of 4.735 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 Sioux Falls, SD-MN
- All Occupations Salary in Sioux Falls, SD-MN
- Office and Administrative Support Occupations Salary in Sioux Falls, SD-MN
- Healthcare Practitioners and Technical Occupations Salary in Sioux Falls, SD-MN
- Sales and Related Occupations Salary in Sioux Falls, SD-MN
- Transportation and Material Moving Occupations Salary in Sioux Falls, SD-MN
- Food Preparation and Serving Related Occupations Salary in Sioux Falls, SD-MN
- Business and Financial Operations Occupations Salary in Sioux Falls, SD-MN
- Production Occupations Salary in Sioux Falls, SD-MN
- Construction and Extraction Occupations Salary in Sioux Falls, SD-MN
- Educational Instruction and Library Occupations Salary in Sioux Falls, SD-MN
- Browse All Jobs in Sioux Falls, SD-MN →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN