Average Bill and Account Collectors Salary in Virginia
In Virginia, Bill and Account Collectors earn an average annual salary of $46,060. This figure is slightly below the national average of $48,000, suggesting that while the demand exists, specific market dynamics or regional economic factors in Virginia may influence compensation levels compared to the broader U.S. landscape.
Executive Summary
- Average Salary: $46,060 per year.
- Growth Trend: Salaries have shifted 1.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,420.
- Outlook: Virginia's market for Bill and Account Collectors is moderately sized, with a total local workforce of 3,760 individuals. The Location Quotient of 0.86 indicates a concentration slightly below the national average, suggesting that while the profession is present, it is not disproportionately represented within the state's labor market compared to other occupations.
Salary Overview
The average Bill and Account Collectors in Virginia earns-4.0%below the national average.
$22.2
$886
$3,838
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Virginia's Bill and Account Collectors is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving collection regulations likely contribute to modest but consistent salary growth for professionals in this field.
Bill and Account Collectors Salary Distribution in Virginia
Career progression for Bill and Account Collectors in Virginia typically involves moving from entry-level roles to more senior positions, with corresponding salary increases. While specific percentile data isn't available, experienced collectors often command higher salaries due to their proven ability to manage complex accounts, navigate regulations, and achieve collection targets, reflecting a clear career ladder within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,040 | $14.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,545 | $16.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,710 | $21.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,575 | $27.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,420 | $31 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$46,060
Gross Pay
Real Wage (Purchasing Power)
$45,424
Adjusted for COL (101.4)
The average annual salary of $46,060 in Virginia aligns closely with the state's Cost of Living Index of 101.4. This means that the purchasing power of a Bill and Account Collector's salary in Virginia is very close to the national average, indicating that the slightly lower nominal salary is largely offset by a comparable cost of living, making the take-home pay relatively stable.
Job Market Context
3,760
Total Jobs
0.925
Per 1K Jobs
0.86
Location Quotient
Virginia has 0.86x the national average concentration of Bill and Account Collectors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.86, Virginia's market for Bill and Account Collectors is slightly less concentrated than the national average. This suggests that while there is a steady presence of these professionals, the job market may offer a balanced environment for job seekers, neither oversaturated nor exceptionally scarce, allowing for moderate competition and opportunity.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Bill and Account Collectors Salary | $55,190↑ 20% | 25 mi |
| Richmond, VA Bill and Account Collectors Salary | $46,830↑ 2% | 41 mi |
| Lynchburg, VA Bill and Account Collectors Salary | $44,340↓ 4% | 61 mi |
Comparing salaries near Virginia
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Virginia?
The median annual salary for a Bill and Account Collectors in Virginia is $46,060. This typically ranges from $30,040 for entry-level positions to $64,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 4.0% lower than the national median of $48,000.
Is Virginia a lucrative place for Bill and Account Collectorss?
No, not significantly more lucrative than the national average.Virginia's average salary for Bill and Account Collectors is slightly below the national average, and its cost of living is only marginally higher, meaning earning potential is comparable rather than superior.
Is Virginia a good place to live for Bill and Account Collectors?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Charlottesville, VA ($55,190) and Richmond, VA.
How does Virginia's Bill and Account Collector salary compare to the national average?
The average annual salary for Bill and Account Collectors in Virginia is $46,060, which is slightly lower than the national average of $48,000.
What is the concentration of Bill and Account Collectors in Virginia?
Virginia has a Location Quotient of 0.86 for Bill and Account Collectors, indicating a slightly lower concentration of these professionals compared to the national average.
How does the cost of living in Virginia affect salary perception?
Virginia's Cost of Living Index is 101.4, very close to the national average of 100. This means the $46,060 salary in Virginia offers purchasing power nearly equivalent to the national average salary.
What is the total number of Bill and Account Collectors in Virginia?
There are approximately 3,760 Bill and Account Collectors employed in Virginia.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,760 employees in the Virginia area with a job density of 0.925 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 Virginia