Average Bill and Account Collectors Salary in Toledo, OH
In Toledo, OH, Bill and Account Collectors earn an average annual salary of $42,060. This figure is notably below the national average of $48,000, suggesting that local economic factors and market demand play a significant role in compensation within this sector. The specific economic landscape of Toledo influences the prevailing wage rates for these essential financial roles.
Executive Summary
- Average Salary: $42,060 per year.
- Growth Trend: Salaries have shifted 2.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,530.
- Outlook: The Bill and Account Collector job market in Toledo, OH, shows a moderate level of concentration, indicated by a Location Quotient of 1.27, which is above the national average. With a local workforce of 400 individuals in this role and 1.364 jobs per 1,000 workers, the demand, while not exceptionally high, suggests a stable presence and ongoing need for these professionals within the Toledo area.
Salary Overview
The average Bill and Account Collectors in Toledo, OH earns-12.4%below the national average.
$20.2
$809
$3,505
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Toledo is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts, inflation, and evolving industry demands typically contribute to incremental increases in compensation for roles like Bill and Account Collectors, ensuring their pay remains competitive over time.
Bill and Account Collectors Salary Distribution in Toledo, OH
Salary progression for Bill and Account Collectors in Toledo, OH, typically correlates with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries. The widening gap between entry-level and senior-level compensation reflects the value placed on expertise and performance in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,290 | $14.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,545 | $15.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,640 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,575 | $25.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,530 | $29.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$42,060
Gross Pay
Real Wage (Purchasing Power)
$42,060
Adjusted for COL (100)
The nominal average annual salary of $42,060 for Bill and Account Collectors in Toledo, OH, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in Toledo is equivalent to the national average, indicating that the income earned can support a standard of living comparable to the rest of the country.
Job Market Context
400
Total Jobs
1.364
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Toledo, OH has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a Location Quotient of 1.27, Toledo, OH, exhibits a slightly higher concentration of Bill and Account Collectors compared to the national average. This suggests that the job market in Toledo is somewhat more specialized or has a greater density of these roles relative to its overall workforce, potentially indicating a more competitive environment for job seekers or a robust demand from local industries.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Ann Arbor, MI Bill and Account Collectors Salary | $49,980↑ 19% | 43 mi |
| Sandusky, OH Bill and Account Collectors Salary | $46,090↑ 10% | 48 mi |
| Detroit-Warren-Dearborn, MI Bill and Account Collectors Salary | $47,780↑ 14% | 54 mi |
| Jackson, MI Bill and Account Collectors Salary | $47,040↑ 12% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Toledo, OH?
The median annual salary for a Bill and Account Collectors in Toledo, OH is $42,060. This typically ranges from $30,290 for entry-level positions to $60,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 12.4% lower than the national median of $48,000.
Is Toledo, OH a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $42,060 is below the national average of $48,000. This indicates that while your money may go as far, the nominal income is lower than the national benchmark.
Is Toledo, OH a good place to live for Bill and Account Collectors?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Ann Arbor, MI ($49,980) and Sandusky, OH.
How does Toledo's Bill and Account Collector salary compare to the national average?
The average annual salary for Bill and Account Collectors in Toledo, OH, is $42,060, which is $5,940 less than the national average of $48,000.
What is the Cost of Living in Toledo, OH?
Toledo, OH has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.
How many Bill and Account Collectors are there in Toledo, OH?
There are approximately 400 Bill and Account Collectors working in Toledo, OH, representing 1.364 jobs per 1,000 workers in the local economy.
Is the concentration of Bill and Account Collectors high in Toledo, OH?
Yes, the concentration is slightly higher than the national average, with a Location Quotient of 1.27, indicating a notable presence of this profession in the local job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Toledo, OH area with a job density of 1.364 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 Toledo, OH