Debt collectors working in Connecticut earn more than collectors working in any other state, according to a published report, which analyzed government data to rank how much agents working in each state make.
The average annual wage for a collector working in Connecticut is $46,470, slightly higher than a collector working in Massachusetts, who makes $44,700, and New Jersey ($43,920). On the flip side, collectors working in Arkansas make the least of any state, averaging $31,660 in salary every year.
The average annual wage for a collector, according to the Bureau of Labor Statistics, is $37,650.
States along the East Coast and in the Northeast — along with California — tend to pay higher, where states in Midwest and South tend to pay lower, according to the list. That could be tied to the cost of living in those states, which tends to be higher in the Northeast and in California and lower in the Midwest and South.
The report does go a step further and try to ascertain the largest collection agencies in the country, but does so using a fairly dubious method. In determining the size of a collection agency, the report looks at the number of complaints it has received from consumers and correlates the size of the agency to the number of complaints, which is nowhere near an accurate method of assessing the size of a collection agency.