Average Bill and Account Collectors Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Bill and Account Collectors in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an impressive average annual salary of $57,910. This figure significantly surpasses the national average of $48,000, indicating a strong demand and higher compensation rates within this specific region. The localized economic factors and cost of doing business in this dynamic area likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $57,910 per year.
- Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,500.
- Outlook: With a local workforce of 1,830 Bill and Account Collectors and a Location Quotient of 0.55, the job market in Washington-Arlington-Alexandria shows a moderate concentration compared to the national average. While not as densely populated with this profession as some other areas, the existing workforce suggests a stable and ongoing need for these services within the region's economic landscape.
Salary Overview
The average Bill and Account Collectors in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+20.6%above the national average.
$27.8
$1,114
$4,826
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for this role in Washington-Arlington-Alexandria isn't provided, it's reasonable to assume that, similar to national trends, salaries for Bill and Account Collectors have experienced steady growth over the past four years. Factors such as inflation, evolving collection technologies, and increased regulatory compliance likely contribute to an upward trajectory in compensation for skilled professionals in this field.
Bill and Account Collectors Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
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 seasoned professionals with proven track records in complex debt recovery or specialized industries can command significantly higher salaries. The percentile gaps in salary distribution reflect this clear career ladder, rewarding expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,780 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,433 | $20.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $56,010 | $26.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,388 | $34.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,500 | $37.7 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$57,910
Gross Pay
Real Wage (Purchasing Power)
$57,910
Adjusted for COL (100)
The average annual salary of $57,910 in Washington-Arlington-Alexandria aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the higher nominal earnings translate directly into purchasing power equivalent to the national standard, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
1,830
Total Jobs
0.588
Per 1K Jobs
0.55
Location Quotient
Washington-Arlington-Alexandria, DC-VA-MD-WV has 0.55x 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.
A Location Quotient of 0.55 suggests that Bill and Account Collectors are less concentrated in the Washington-Arlington-Alexandria area compared to the national average. This indicates that while the profession is present, it is not a dominant sector, potentially leading to a more competitive job market for individuals seeking employment, but also suggesting opportunities for those with specialized skills.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Bill and Account Collectors Salary | $50,350↓ 13% | 17 mi |
| Baltimore-Columbia-Towson, MD Bill and Account Collectors Salary | $50,740↓ 12% | 35 mi |
| Lexington Park, MD Bill and Account Collectors Salary | $53,310↓ 8% | 55 mi |
| Hagerstown-Martinsburg, MD-WV Bill and Account Collectors Salary | $49,140↓ 15% | 63 mi |
| Winchester, VA-WV Bill and Account Collectors Salary | $47,040↓ 19% | 64 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Bill and Account Collectors in Washington-Arlington-Alexandria, DC-VA-MD-WV is $57,910. This typically ranges from $39,780 for entry-level positions to $78,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 20.6% higher than the national median of $48,000.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Bill and Account Collectors?
Yes, it is a lucrative area for Bill and Account Collectors.The average salary of $57,910 is significantly higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Bill and Account Collectors?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Maryland nonmetropolitan area ($50,350) and Baltimore-Columbia-Towson, MD.
How does the local salary compare to the national average?
Bill and Account Collectors in Washington-Arlington-Alexandria earn an average of $57,910 annually, which is $9,910 more than the national average of $48,000.
What is the concentration of Bill and Account Collectors in this area?
The Location Quotient is 0.55, meaning this profession is less concentrated in Washington-Arlington-Alexandria than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local cost of living is the same as the national average, so the higher salary directly translates to equivalent purchasing power.
What does the number of jobs per 1,000 workers indicate?
The 0.588 jobs per 1,000 workers suggests that for every thousand workers in the local economy, there are approximately 0.588 positions for Bill and Account Collectors.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,830 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.588 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 Washington-Arlington-Alexandria, DC-VA-MD-WV