Average Bill and Account Collectors Salary in Texas
Bill and Account Collectors in Texas earn an average annual salary of $45,450. This figure is slightly below the national average of $48,000, indicating that while the demand is present, regional economic factors and the specific industry landscape within Texas contribute to this compensation level. Understanding these local dynamics is crucial for professionals in this field.
Executive Summary
- Average Salary: $45,450 per year.
- Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,640.
- Outlook: With a substantial local workforce of 20,800 Bill and Account Collectors, Texas demonstrates a significant presence in this sector. The Location Quotient of 1.4 suggests that this profession is more concentrated in Texas than the national average, implying a robust and potentially growing job market with consistent demand for skilled collectors.
Salary Overview
The average Bill and Account Collectors in Texas earns-5.3%below the national average.
$21.9
$874
$3,788
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 Texas have seen gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving collection practices likely contribute to an upward trajectory in compensation, ensuring that the profession remains viable.
Bill and Account Collectors Salary Distribution in Texas
Career progression for Bill and Account Collectors in Texas typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills or supervisory roles can command salaries in the higher percentiles. These percentile gaps clearly signify the career advancement opportunities available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,640 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,088 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,200 | $21.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,813 | $27.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,640 | $30.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$45,450
Gross Pay
Real Wage (Purchasing Power)
$48,871
Adjusted for COL (93)
The nominal average salary of $45,450 in Texas presents a favorable financial situation when considering the local Cost of Living Index of 93. This index, being below the national average of 100, means that the purchasing power of a Bill and Account Collector's salary in Texas is effectively higher, allowing for a better standard of living compared to more expensive regions.
Job Market Context
20,800
Total Jobs
1.502
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Texas has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
A Location Quotient of 1.4 for Bill and Account Collectors in Texas signifies a market that is 40% more concentrated than the national average. This indicates a strong demand and a potentially competitive environment, suggesting that employers actively seek talent in this region, and professionals may find more specialized opportunities compared to national averages.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Bill and Account Collectors Salary | $40,640↓ 11% | 10 mi |
| Waco, TX Bill and Account Collectors Salary | $37,130↓ 18% | 41 mi |
| Austin-Round Rock-San Marcos, TX Bill and Account Collectors Salary | $49,920↑ 10% | 53 mi |
| College Station-Bryan, TX Bill and Account Collectors Salary | $43,530↓ 4% | 82 mi |
Comparing salaries near Texas
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Texas?
The median annual salary for a Bill and Account Collectors in Texas is $45,450. This typically ranges from $30,640 for entry-level positions to $62,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 5.3% lower than the national median of $48,000.
Is Texas 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, the lower cost of living in Texas enhances the purchasing power of Bill and Account Collectors. The strong concentration of the profession also suggests consistent job opportunities.
Is Texas a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Killeen-Temple, TX ($40,640) and Waco, TX.
How does the Texas salary compare to the national average?
The average annual salary for Bill and Account Collectors in Texas is $45,450, which is slightly lower than the national average of $48,000.
What does the Location Quotient of 1.4 mean for this role in Texas?
A Location Quotient of 1.4 indicates that Bill and Account Collectors are more concentrated in Texas than the national average, suggesting a higher demand and a more robust job market for this profession in the state.
How does the cost of living affect the salary in Texas?
With a Cost of Living Index of 93 (below the national average of 100), the $45,450 salary in Texas offers better purchasing power, making it more financially advantageous than the nominal salary might initially suggest.
What is the total workforce size for Bill and Account Collectors in Texas?
There are approximately 20,800 Bill and Account Collectors employed in Texas, reflecting a significant presence of this profession within the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 20,800 employees in the Texas area with a job density of 1.502 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 Texas