Collection Officer Salary Information and Statistics

The median annual salary for a collection officer in the United States is around $62,000. This figure can vary depending on factors such as location, industry, and level of experience.

Collection officers in the finance and insurance industries tend to earn higher salaries, with a median annual salary of $73,000. In contrast, those working in the government sector may earn around $55,000 per year.

According to the Bureau of Labor Statistics, employment of collection officers is projected to grow 4% from 2020 to 2030, which is slower than the average for all occupations.

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The average annual salary for a Collections Officer at Greater Texas Federal Credit Union is $38,680, which translates to approximately $19 per hour. This figure is based on data from February 2025 and can vary depending on factors such as geographic location and individual qualifications.

If you're considering a role as a Collection Officer, it's essential to understand that salaries can range from $34,712 to $42,641. This wide range reflects the diverse roles within the company and the varying levels of experience and qualifications among employees.

According to the data, the highest paying cities for Commercial Loan Collection Officers are Juneau, AK, with an average salary of $60,338. This figure is significantly higher than the national average, making it an attractive option for those in the field.

Here's a list of the top 5 highest paying states for collection agents, based on the data provided:

Keep in mind that salaries can vary significantly depending on individual circumstances, so it's essential to research and understand the specific requirements and compensation for the role you're interested in.

The minimum pay for collection agents in the United States is around $22,000 yearly, according to various sources.

This salary range can vary depending on factors such as location, education, and experience. Some collection agents may earn as little as $22,000, while others may earn up to $48,000 yearly.

The lowest hourly rate for collection agents is around $15.72 per hour.

Here's a rough idea of the minimum pay for different types of collection agents:

Keep in mind that these figures are just a rough estimate, and actual salaries may vary depending on the specific company, location, and other factors.

The average salary for a Collection Agent in the United States is $32,689, which can range from $22,000 to $48,000 yearly. This figure is based on data from various sources and can vary depending on factors like location and experience.

The hourly rate for Collection Agents is approximately $15.72 per hour. This is a significant factor in determining overall compensation, especially for those working in the industry.

In some cities, Collection Agents can earn significantly higher salaries. For example, New Jersey has the highest average salary for Collection Agents, with a yearly average of $50,730.

Here's a snapshot of the top 5 highest paying states for Collection Agents:

These figures are based on data from the article and can help provide a better understanding of the average salary for Collection Agents in different parts of the country.

Geographic Location plays a significant role in determining the salary of a collection officer. In the United States, cities like Juneau, AK, and Livingston, NJ, offer the highest paying opportunities, with average salaries of $60,338 and $50,641, respectively.

The cost of living and demand for services also vary across different cities, affecting the average salary. For instance, in Indian cities, the average annual salary for a collection officer in Bangalore is 3.4 Lakh INR, while in Mumbai it's 2.8 Lakh INR.

Here's a breakdown of the top 5 highest paying cities for collection officers in the United States, based on hourly rates:

The average collection agent salary also varies by state, with New Jersey, Virginia, and Maryland offering the highest salaries.

If you're looking to become a collection officer, your salary will vary depending on the city you work in. San Francisco, CA has the highest average salary for collection officers at $59,234.

The cost of living and demand for their services can differ across different cities, affecting the salary of collection officers. For example, in Miami, FL, the average salary is $45,728.

In some cities, the hourly rate is also a factor to consider. In Juneau, AK, the highest paying city for commercial loan collection officers, the average salary is $60,338 with an hourly rate of $29.01.

Here's a list of the top 5 highest paying cities for collection officers:

Livingston, NJ, Baltimore, MD, and Philadelphia, PA are also among the highest paying cities for collection agents, with average salaries ranging from $41,444 to $50,641.

Alaska takes the top spot for Commercial Loan Collection Officer average salary, with a whopping $59,625 per year.

The hourly rate in Alaska is a respectable $28.67, making it a great place to work if you're in this field.

If you're considering a career as a Commercial Loan Collection Officer in Alaska, you'll want to know that the state's high cost of living is likely offset by the higher salary.

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