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Average Bill and Account Collectors Salary in Tennessee

Bill and Account Collectors in Tennessee earn an average annual salary of $45,170, which is slightly below the national average of $48,000. This difference can be attributed to a combination of regional economic factors and the specific demand for these roles within the state's workforce.

Executive Summary

  • Average Salary: $45,170 per year.
  • Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $63,510.
  • Outlook: With a local workforce of 3,690 individuals in this role, Tennessee demonstrates a stable presence for Bill and Account Collectors. The Location Quotient of 1.05 suggests a concentration of these jobs that is slightly higher than the national average, indicating a steady demand and a robust job market for professionals in this field within the state.
2024 Market Data

Salary Overview

$45,170

The average Bill and Account Collectors in Tennessee earns-5.9%below the national average.

BreakdownBased on 40h/week
Hourly

$21.7

Weekly

$869

Monthly

$3,764

Bill and Account Collectors Salary Distribution in Tennessee

Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior collectors with proven track records and specialized skills can command significantly higher salaries, reflecting the value of their expertise and ability to manage complex accounts.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,280$15
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,878$16.3
ManagerOversees team, compliance, and project delivery.50% (Median)$43,290$20.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$56,463$27.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$63,510$30.5

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$45,170

Gross Pay

Real Wage (Purchasing Power)

$49,967

Adjusted for COL (90.4)

The average annual salary of $45,170 in Tennessee presents a favorable financial situation when considering the local Cost of Living Index of 90.4. This index, being below the national average of 100, means that the purchasing power of a Bill and Account Collector's salary in Tennessee is effectively higher than the nominal figure suggests, allowing for a comfortable lifestyle.

Job Market Context

3,690

Total Jobs

1.128

Per 1K Jobs

1.05

Location Quotient

Above Average

With a location quotient of 1.05, Tennessee has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.

A Location Quotient of 1.05 for Bill and Account Collectors in Tennessee indicates a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even a bit more pronounced than elsewhere, the market is not oversaturated, offering a balanced environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Nashville-Davidson--Murfreesboro--Franklin, TN Bill and Account Collectors Salary$49,100↑ 9%29 mi
Clarksville, TN-KY Bill and Account Collectors Salary$41,780↓ 8%67 mi
Huntsville, AL Bill and Account Collectors Salary$50,300↑ 11%73 mi
Florence-Muscle Shoals, AL Bill and Account Collectors Salary$39,900↓ 12%84 mi

Comparing salaries near Tennessee

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Tennessee?

The median annual salary for a Bill and Account Collectors in Tennessee is $45,170. This typically ranges from $31,280 for entry-level positions to $63,510 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Tennessee is 5.9% lower than the national median of $48,000.

Is Tennessee a lucrative place for Bill and Account Collectors?

Yes, with a favorable cost of living.While the average salary is slightly below the national average, Tennessee's lower cost of living index means your earnings will likely go further. The steady job market concentration also supports consistent opportunities.

Is Tennessee a good place to live for Bill and Account Collectors?

With a Cost of Living Index of 90.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Tennessee?

Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($49,100) and Clarksville, TN-KY.

What is the average salary for a Bill and Account Collector in Tennessee?

The average annual salary for a Bill and Account Collector in Tennessee is $45,170.

How does Tennessee's salary compare to the national average?

The average salary in Tennessee ($45,170) is slightly lower than the national average of $48,000.

Is the job market for Bill and Account Collectors strong in Tennessee?

Yes, with a Location Quotient of 1.05, the concentration of these jobs in Tennessee is slightly higher than the national average, indicating a healthy demand.

How does the cost of living in Tennessee affect the salary?

Tennessee's Cost of Living Index of 90.4 is below the national average, meaning the $45,170 salary offers good purchasing power for residents.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,690 employees in the Tennessee area with a job density of 1.128 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 Tennessee