Average Bill and Account Collectors Salary in Worcester, MA
Bill and Account Collectors in Worcester, MA, earn an average annual salary of $53,760, surpassing the national average of $48,000. This localized premium is often influenced by the specific economic conditions and demand within the Worcester metropolitan area, reflecting a unique market dynamic for this profession.
Executive Summary
- Average Salary: $53,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,830.
- Outlook: Worcester's market for Bill and Account Collectors shows a moderate level of concentration, with a Location Quotient of 0.58, indicating a presence that is below the national average but still significant given the total local workforce of 220 individuals. The rate of 0.621 jobs per 1,000 workers suggests a steady, albeit not booming, demand for these essential financial services professionals within the region.
Salary Overview
The average Bill and Account Collectors in Worcester, MA earns+12.0%above the national average.
$25.9
$1,034
$4,480
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 Worcester have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles requiring specialized skills in financial recovery and client relations, especially in a stable metropolitan economy.
Bill and Account Collectors Salary Distribution in Worcester, MA
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 resolution and client management can command significantly higher salaries, reflecting the value of their expertise and the percentile gaps observed in compensation structures.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,360 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,320 | $19.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,390 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,200 | $32.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,830 | $33.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$53,760
Gross Pay
Real Wage (Purchasing Power)
$53,760
Adjusted for COL (100)
The average annual salary of $53,760 in Worcester aligns perfectly 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 Worcester is equivalent to that of someone earning the national average in a typical U.S. city, offering a stable financial footing for residents.
Job Market Context
220
Total Jobs
0.621
Per 1K Jobs
0.58
Location Quotient
Worcester, MA has 0.58x 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 0.58, Worcester's market for Bill and Account Collectors is less concentrated than the national average. This suggests that while the profession is present and necessary, there may be fewer specialized roles or a smaller pool of dedicated professionals compared to national benchmarks, potentially leading to competitive opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Bill and Account Collectors Salary | $56,710↑ 5% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Bill and Account Collectors Salary | $56,330↑ 5% | 37 mi |
| Springfield, MA Bill and Account Collectors Salary | $52,370↓ 3% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Worcester, MA?
The median annual salary for a Bill and Account Collectors in Worcester, MA is $53,760. This typically ranges from $43,360 for entry-level positions to $68,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 12.0% higher than the national median of $48,000.
Is Worcester, MA a lucrative place for Bill and Account Collectorss?
Yes, Worcester, MA offers a slightly more lucrative environment for Bill and Account Collectors compared to the national average.The average salary of $53,760 in Worcester is higher than the national average of $48,000, while the cost of living remains at the national average, indicating better real income.
Is Worcester, MA a good place to live for Bill and Account Collectors?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($56,710) and Boston-Cambridge-Newton, MA-NH.
How does the Worcester job market compare to the national average for Bill and Account Collectors?
Worcester's market has a lower concentration (LQ of 0.58) than the national average, suggesting fewer specialized roles relative to the overall workforce, but still maintains a presence with 0.621 jobs per 1,000 workers.
What is the cost of living impact on a Bill and Account Collector's salary in Worcester?
The Cost of Living Index in Worcester is 100, matching the national average. This means the higher local salary of $53,760 provides purchasing power equivalent to the national average salary in a standard U.S. location.
How many Bill and Account Collectors are there in Worcester?
There are approximately 220 Bill and Account Collectors working in the Worcester area, representing a notable segment of the local workforce.
What factors contribute to the higher salary for Bill and Account Collectors in Worcester?
The higher average salary is likely influenced by local economic conditions, specific industry demands within Worcester, and the cost of doing business, which can necessitate higher compensation to attract and retain talent.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Worcester, MA area with a job density of 0.621 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 Worcester, MA
- All Occupations Salary in Worcester, MA
- Office and Administrative Support Occupations Salary in Worcester, MA
- Educational Instruction and Library Occupations Salary in Worcester, MA
- Sales and Related Occupations Salary in Worcester, MA
- Healthcare Practitioners and Technical Occupations Salary in Worcester, MA
- Food Preparation and Serving Related Occupations Salary in Worcester, MA
- Transportation and Material Moving Occupations Salary in Worcester, MA
- Management Occupations Salary in Worcester, MA
- Healthcare Support Occupations Salary in Worcester, MA
- Production Occupations Salary in Worcester, MA
- Browse All Jobs in Worcester, MA →
Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Worcester, MA