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Average Bill and Account Collectors Salary in St. Cloud, MN

In St. Cloud, Minnesota, Bill and Account Collectors earn an average annual salary of $42,870. This figure is notably below the national average of $48,000, suggesting that local economic factors and demand dynamics play a significant role in compensation within this specific metropolitan area.

Executive Summary

  • Average Salary: $42,870 per year.
  • Growth Trend: Salaries have shifted 2.3% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $57,860.
  • Outlook: The St. Cloud job market for Bill and Account Collectors appears robust, indicated by a total local workforce of 280 individuals. With a Location Quotient of 2.5, this profession is significantly more concentrated in St. Cloud than the national average, signaling a strong local demand and a potentially stable job environment for these professionals.
2024 Market Data

Salary Overview

$42,870

The average Bill and Account Collectors in St. Cloud, MN earns-10.7%below the national average.

BreakdownBased on 40h/week
Hourly

$20.6

Weekly

$824

Monthly

$3,573

Bill and Account Collectors Salary Distribution in St. Cloud, MN

Career progression for Bill and Account Collectors in St. Cloud typically involves a salary increase with accumulated experience. Entry-level positions may start at a lower percentile, while senior collectors with extensive expertise and a proven track record can command salaries in the higher percentiles, reflecting their enhanced skills and value to employers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$28,080$13.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,153$15.5
ManagerOversees team, compliance, and project delivery.50% (Median)$41,220$19.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$53,588$25.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$57,860$27.8

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$42,870

Gross Pay

Real Wage (Purchasing Power)

$42,870

Adjusted for COL (100)

The nominal average salary of $42,870 in St. Cloud 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 St. Cloud is equivalent to the national average, indicating a balanced economic landscape where income generally matches living expenses.

Job Market Context

280

Total Jobs

2.673

Per 1K Jobs

2.5

Location Quotient

Major Hub

St. Cloud, MN has 2.5x 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.

St. Cloud exhibits a high concentration of Bill and Account Collectors, as evidenced by a Location Quotient of 2.5. This significantly above-average concentration suggests that the job market is not only robust but also potentially competitive, with a greater availability of specialized talent compared to the national landscape.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Northwest Minnesota nonmetropolitan area Bill and Account Collectors Salary$63,450↑ 48%17 mi
Southeast Minnesota nonmetropolitan area Bill and Account Collectors Salary$58,480↑ 36%17 mi
Southwest Minnesota nonmetropolitan area Bill and Account Collectors Salary$54,790↑ 28%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Bill and Account Collectors Salary$51,930↑ 21%59 mi

Comparing salaries near St. Cloud, MN

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in St. Cloud, MN?

The median annual salary for a Bill and Account Collectors in St. Cloud, MN is $42,870. This typically ranges from $28,080 for entry-level positions to $57,860 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in St. Cloud, MN is 10.7% lower than the national median of $48,000.

Is St. Cloud, MN a lucrative place for Bill and Account Collectors?

No, not exceptionally lucrative compared to the national average.While the cost of living is average, the nominal salary of $42,870 is below the national average of $48,000, indicating less lucrative earning potential in this specific location.

Is St. Cloud, MN a good place to live for Bill and Account Collectors?

The Cost of Living Index in St. Cloud, MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near St. Cloud, MN?

Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($63,450) and Southeast Minnesota nonmetropolitan area.

How does St. Cloud's concentration of Bill and Account Collectors compare nationally?

St. Cloud has a significantly higher concentration of Bill and Account Collectors than the national average, with a Location Quotient of 2.5, indicating a strong local presence of this profession.

What is the cost of living in St. Cloud, MN?

The cost of living in St. Cloud, MN is exactly at the national average, with an index of 100.

How many Bill and Account Collectors are there in St. Cloud?

There are approximately 280 Bill and Account Collectors employed in the St. Cloud, MN area.

Does experience impact salary for Bill and Account Collectors in St. Cloud?

Yes, like most professions, experience is expected to increase salary potential for Bill and Account Collectors, with senior roles commanding higher compensation.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the St. Cloud, MN area with a job density of 2.673 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in St. Cloud, MN