Average Bill and Account Collectors Salary in Virginia Beach-Chesapeake-Norfolk, VA-NC
In the Virginia Beach-Chesapeake-Norfolk, VA-NC area, Bill and Account Collectors earn an average annual salary of $39,040. This figure is notably below the national average of $48,000, suggesting that local economic factors and demand dynamics play a significant role in compensation for this profession within the region.
Executive Summary
- Average Salary: $39,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,140.
- Outlook: The local job market for Bill and Account Collectors in Virginia Beach-Chesapeake-Norfolk, VA-NC appears stable, with a total workforce of 900 individuals. The location quotient of 1.12 indicates a slightly higher concentration of these roles compared to the national average, suggesting a steady, albeit not booming, demand for collection services in the area.
Salary Overview
The average Bill and Account Collectors in Virginia Beach-Chesapeake-Norfolk, VA-NC earns-18.7%below the national average.
$18.8
$751
$3,253
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in Virginia Beach-Chesapeake-Norfolk, VA-NC have experienced gradual growth over the past four years, mirroring national trends of incremental wage increases driven by inflation and evolving economic conditions.
Bill and Account Collectors Salary Distribution in Virginia Beach-Chesapeake-Norfolk, VA-NC
Career progression for Bill and Account Collectors typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with proven track records in debt recovery and client management can command significantly higher salaries, with percentile gaps reflecting this advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,180 | $14.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,280 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,440 | $17.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,800 | $23.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,140 | $26.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,040
Gross Pay
Real Wage (Purchasing Power)
$39,040
Adjusted for COL (100)
The average annual salary of $39,040 for Bill and Account Collectors in Virginia Beach-Chesapeake-Norfolk, VA-NC aligns perfectly with the local cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
900
Total Jobs
1.194
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Virginia Beach-Chesapeake-Norfolk, VA-NC has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
With a location quotient of 1.12, the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area shows a concentration of Bill and Account Collector roles that is 12% higher than the national average. This suggests a moderately competitive market where demand is slightly elevated, potentially offering more opportunities than in regions with lower concentration.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Richmond, VA Bill and Account Collectors Salary | $46,830↑ 20% | 96 mi |
Comparing salaries near Virginia Beach-Chesapeake-Norfolk, VA-NC
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The median annual salary for a Bill and Account Collectors in Virginia Beach-Chesapeake-Norfolk, VA-NC is $39,040. This typically ranges from $30,180 for entry-level positions to $55,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia Beach-Chesapeake-Norfolk, VA-NC is 18.7% lower than the national median of $48,000.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a lucrative place for Bill and Account Collectors?
No, it is not exceptionally lucrative compared to the national average.While the local cost of living is average, the average salary of $39,040 is significantly lower than the national average of $48,000 for Bill and Account Collectors.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a good place to live for Bill and Account Collectors?
The Cost of Living Index in Virginia Beach-Chesapeake-Norfolk, VA-NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia Beach-Chesapeake-Norfolk, VA-NC?
Some top paying nearby cities include Richmond, VA ($46,830) and others.
How does the Virginia Beach-Chesapeake-Norfolk, VA-NC salary compare to the national average?
The average salary for Bill and Account Collectors in this region is $39,040, which is $8,960 less than the national average of $48,000.
What is the concentration of Bill and Account Collectors in this area?
The location quotient is 1.12, indicating that this area has a slightly higher concentration of Bill and Account Collector jobs compared to the national average.
How does the cost of living affect the salary?
The cost of living in Virginia Beach-Chesapeake-Norfolk, VA-NC is at the national average (100), meaning the $39,040 salary has average purchasing power locally.
What is the total number of Bill and Account Collectors in the area?
There are approximately 900 Bill and Account Collectors employed within the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Virginia Beach-Chesapeake-Norfolk, VA-NC area with a job density of 1.194 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 Beach-Chesapeake-Norfolk, VA-NC