Average Bill and Account Collectors Salary in Waterloo-Cedar Falls, IA
In Waterloo-Cedar Falls, IA, Bill and Account Collectors earn an average annual salary of $39,120. 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 within this sector in the region.
Executive Summary
- Average Salary: $39,120 per year.
- Growth Trend: Salaries have shifted 6.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,870.
- Outlook: The Bill and Account Collector job market in Waterloo-Cedar Falls, IA, demonstrates a significant concentration, with a Location Quotient of 2.16, more than double the national average. This indicates a robust local demand for these professionals relative to the national landscape, supported by 2.307 jobs per 1,000 workers within a local workforce of 200 individuals.
Salary Overview
The average Bill and Account Collectors in Waterloo-Cedar Falls, IA earns-18.5%below the national average.
$18.8
$752
$3,260
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 Waterloo-Cedar Falls, IA, have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory, though potentially modest, would reflect an evolving job market and increasing demand for skilled collection professionals.
Bill and Account Collectors Salary Distribution in Waterloo-Cedar Falls, IA
Salary progression for Bill and Account Collectors typically correlates with experience. Entry-level positions may start 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 percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,160 | $15.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,340 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,750 | $17.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,900 | $23.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,870 | $21.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$39,120
Gross Pay
Real Wage (Purchasing Power)
$39,120
Adjusted for COL (100)
The nominal average annual salary of $39,120 in Waterloo-Cedar Falls, IA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Bill and Account Collector's salary in this region is comparable to the national average, offering a stable financial environment for residents.
Job Market Context
200
Total Jobs
2.307
Per 1K Jobs
2.16
Location Quotient
Waterloo-Cedar Falls, IA has 2.2x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.16, Waterloo-Cedar Falls, IA, exhibits a significantly higher concentration of Bill and Account Collector roles than the national average. This suggests a competitive yet abundant job market, where employers may actively seek out talent, potentially leading to more opportunities but also requiring professionals to differentiate themselves.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Bill and Account Collectors Salary | $43,340↑ 11% | 50 mi |
| Southeast Iowa nonmetropolitan area Bill and Account Collectors Salary | $39,570↑ 1% | 55 mi |
| Northeast Iowa nonmetropolitan area Bill and Account Collectors Salary | $38,990↓ 0% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Waterloo-Cedar Falls, IA?
The median annual salary for a Bill and Account Collectors in Waterloo-Cedar Falls, IA is $39,120. This typically ranges from $32,160 for entry-level positions to $44,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 18.5% lower than the national median of $48,000.
Is Waterloo-Cedar Falls, IA a lucrative place for Bill and Account Collectors?
No, not exceptionally lucrative compared to the national average.While the local cost of living is average, the average salary for Bill and Account Collectors is below the national benchmark. However, the high concentration of jobs suggests strong local demand.
Is Waterloo-Cedar Falls, IA a good place to live for Bill and Account Collectors?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($43,340) and Southeast Iowa nonmetropolitan area.
How does the local salary compare to the national average?
The average annual salary for Bill and Account Collectors in Waterloo-Cedar Falls, IA, is $39,120, which is lower than the national average of $48,000.
What does the Location Quotient of 2.16 mean for this job role?
A Location Quotient of 2.16 indicates that Bill and Account Collector jobs are more than twice as concentrated in Waterloo-Cedar Falls, IA, compared to the national average, signifying higher local demand.
How does the cost of living affect the salary in Waterloo-Cedar Falls, IA?
With a Cost of Living Index of 100, the local cost of living is average. This means the $39,120 salary has purchasing power equivalent to the national average, despite being lower than the national salary average.
What is the total number of Bill and Account Collectors in Waterloo-Cedar Falls, IA?
There are approximately 200 Bill and Account Collectors in the Waterloo-Cedar Falls, IA, local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Waterloo-Cedar Falls, IA area with a job density of 2.307 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bill and Account Collectors Salaries by State
Top Jobs in Waterloo-Cedar Falls, IA
- All Occupations Salary in Waterloo-Cedar Falls, IA
- Production Occupations Salary in Waterloo-Cedar Falls, IA
- Transportation and Material Moving Occupations Salary in Waterloo-Cedar Falls, IA
- Office and Administrative Support Occupations Salary in Waterloo-Cedar Falls, IA
- Sales and Related Occupations Salary in Waterloo-Cedar Falls, IA
- Food Preparation and Serving Related Occupations Salary in Waterloo-Cedar Falls, IA
- Educational Instruction and Library Occupations Salary in Waterloo-Cedar Falls, IA
- Healthcare Practitioners and Technical Occupations Salary in Waterloo-Cedar Falls, IA
- Management Occupations Salary in Waterloo-Cedar Falls, IA
- Business and Financial Operations Occupations Salary in Waterloo-Cedar Falls, IA
- Browse All Jobs in Waterloo-Cedar Falls, IA →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Waterloo-Cedar Falls, IA