SalaryNode

Average Bill and Account Collectors Salary in St. Louis, MO-IL

In St. Louis, MO-IL, Bill and Account Collectors earn an average annual salary of $49,590, slightly surpassing the national average of $48,000. This premium in compensation can be attributed to a combination of local economic factors and a concentrated demand for these essential financial services professionals within the region.

Executive Summary

  • Average Salary: $49,590 per year.
  • Growth Trend: Salaries have shifted 14.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $62,200.
  • Outlook: The St. Louis, MO-IL market for Bill and Account Collectors appears robust, evidenced by a total local workforce of 1,620 individuals in this role. The Location Quotient of 1.13 indicates a higher concentration of these jobs in St. Louis compared to the national average, suggesting a stable and potentially growing demand for skilled collectors in the area.
2024 Market Data

Salary Overview

$49,590

The average Bill and Account Collectors in St. Louis, MO-IL earns+3.3%above the national average.

BreakdownBased on 40h/week
Hourly

$23.8

Weekly

$954

Monthly

$4,133

Bill and Account Collectors Salary Distribution in St. Louis, MO-IL

Career progression for Bill and Account Collectors in St. Louis, MO-IL typically involves a significant salary increase from entry-level to senior positions. The gap between lower and higher percentile earnings signifies the value placed on experience, specialized skills, and a proven track record in managing accounts and resolving delinquencies, offering a clear path for career advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,100$17.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$37,193$17.9
ManagerOversees team, compliance, and project delivery.50% (Median)$47,500$22.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$61,988$29.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$62,200$29.9

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$49,590

Gross Pay

Real Wage (Purchasing Power)

$49,590

Adjusted for COL (100)

The nominal average annual salary of $49,590 in St. Louis, MO-IL 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 St. Louis is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.

Job Market Context

1,620

Total Jobs

1.212

Per 1K Jobs

1.13

Location Quotient

Above Average

With a location quotient of 1.13, St. Louis, MO-IL has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

With a Location Quotient of 1.13, St. Louis, MO-IL demonstrates a slightly above-average concentration of Bill and Account Collector positions relative to the national landscape. This suggests a healthy job market where demand is consistent, and while not oversaturated, there is a notable presence of these roles, indicating good opportunities for both job seekers and employers.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Springfield, IL Bill and Account Collectors Salary$42,810↓ 14%84 mi
Cape Girardeau, MO-IL Bill and Account Collectors Salary$41,830↓ 16%97 mi

Comparing salaries near St. Louis, MO-IL

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in St. Louis, MO-IL?

The median annual salary for a Bill and Account Collectors in St. Louis, MO-IL is $49,590. This typically ranges from $36,100 for entry-level positions to $62,200 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in St. Louis, MO-IL is 3.3% higher than the national median of $48,000.

Is St. Louis, MO-IL a lucrative place for Bill and Account Collectors?

Yes, St. Louis, MO-IL offers a slightly more lucrative environment for Bill and Account Collectors compared to the national average.The average salary of $49,590 exceeds the national average, and the cost of living remains at the national benchmark, providing strong purchasing power.

Is St. Louis, MO-IL a good place to live for Bill and Account Collectors?

The Cost of Living Index in St. Louis, MO-IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near St. Louis, MO-IL?

Some top paying nearby cities include Springfield, IL ($42,810) and Cape Girardeau, MO-IL.

How does the St. Louis Bill and Account Collector salary compare to the national average?

The average annual salary for Bill and Account Collectors in St. Louis, MO-IL is $49,590, which is higher than the national average of $48,000.

What is the concentration of Bill and Account Collectors in St. Louis?

St. Louis, MO-IL has a Location Quotient of 1.13 for Bill and Account Collectors, indicating a slightly higher concentration of these jobs than the national average.

How does the cost of living in St. Louis affect the salary?

The cost of living in St. Louis is at the national average (100), meaning the $49,590 salary offers purchasing power equivalent to the national average.

What is the total number of Bill and Account Collectors in St. Louis?

There are approximately 1,620 Bill and Account Collectors employed in the St. Louis, MO-IL area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,620 employees in the St. Louis, MO-IL area with a job density of 1.212 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. Louis, MO-IL