Average Bill and Account Collectors Salary in South Dakota
Bill and Account Collectors in South Dakota earn an average annual salary of $44,430, which is notably lower than the national average of $48,000. This disparity in compensation is often influenced by the specific economic landscape and demand for these roles within the state, reflecting regional employment trends and cost of living adjustments.
Executive Summary
- Average Salary: $44,430 per year.
- Growth Trend: Salaries have shifted 29.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $54,220.
- Outlook: With a local workforce of 1,290 Bill and Account Collectors, South Dakota presents a concentrated employment market for this profession. The high Location Quotient of 2.67 indicates a significantly higher concentration of these jobs in South Dakota compared to the national average, suggesting robust demand and a specialized job market within the state.
Salary Overview
The average Bill and Account Collectors in South Dakota earns-7.4%below the national average.
$21.4
$854
$3,703
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in South Dakota have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles that are essential to business operations and collections processes.
Bill and Account Collectors Salary Distribution in South Dakota
Career progression for Bill and Account Collectors in South Dakota typically involves salary increases tied to experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, reflecting their expertise and value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,050 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,323 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $42,540 | $20.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,538 | $26.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $54,220 | $26.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,430
Gross Pay
Real Wage (Purchasing Power)
$48,399
Adjusted for COL (91.8)
The average annual salary of $44,430 in South Dakota, when viewed against a Cost of Living Index of 91.8 (meaning it's 8.2% cheaper than the national average), suggests that the nominal income offers a reasonable purchasing power locally. While the salary is below the national average, the lower cost of living can help offset this difference for residents.
Job Market Context
1,290
Total Jobs
2.855
Per 1K Jobs
2.67
Location Quotient
South Dakota has 2.7x 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.
South Dakota's Location Quotient of 2.67 for Bill and Account Collectors signifies a substantial concentration of these roles, more than double the national average. This indicates a strong presence and potentially high demand for these professionals within the state's economy, making it a key region for this occupation.
Nearby Job Markets
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in South Dakota?
The median annual salary for a Bill and Account Collectors in South Dakota is $44,430. This typically ranges from $35,050 for entry-level positions to $54,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Dakota is 7.4% lower than the national median of $48,000.
Is South Dakota a lucrative place for Bill and Account Collectorss?
No, but cost-effective.While the average salary of $44,430 is below the national average, the lower cost of living in South Dakota (91.8 index) makes the nominal income more competitive in terms of purchasing power.
Is South Dakota a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.
How does the number of Bill and Account Collectors in South Dakota compare nationally?
South Dakota has 1,290 Bill and Account Collectors, and with a Location Quotient of 2.67, the concentration of these jobs is significantly higher than the national average.
What does a Location Quotient of 2.67 mean for Bill and Account Collectors in South Dakota?
A Location Quotient of 2.67 means that Bill and Account Collector jobs are 2.67 times more concentrated in South Dakota than the national average, indicating a specialized and potentially in-demand job market.
How does the cost of living in South Dakota affect the salary for Bill and Account Collectors?
With a Cost of Living Index of 91.8, South Dakota is more affordable than the national average. This means the $44,430 salary can provide a comparable or even better standard of living than a higher salary in a more expensive state.
Are there many job opportunities for Bill and Account Collectors in South Dakota?
The high Location Quotient suggests a strong presence and potentially good opportunities for Bill and Account Collectors in South Dakota, as the concentration of these roles is well above the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,290 employees in the South Dakota area with a job density of 2.855 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 South Dakota