How Much Do Medical Collectors Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary medical collectors make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for medical collectors and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of medical collectors are offering as compensation.
Keep reading to learn more about how much medical collectors can expect to make in the United States.
At a Glance: Salary & Jobs for Medical Collectors
According to data from 2023, there were about 139,257 positions for medical collectors in the United States. In terms of salary, the national median salary for medical collectors was reported to be $41,808. Additionally, when examining job demand, employers across the country posted 77,694 job postings related to positions for medical collectors.
How Much Money Do Medical Collectors Make?
Median salary is just one data point. To build a better understanding of how much money medical collectors and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for medical collectors.
Annual Salary for Medical Collectors
According to the BLS, the lowest earners for medical collectors and related professions earned about $33,322 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $55,328 annually.
As mentioned previously, the median salary for medical collectors in the United States in 2023 was $41,808.
Annual Salary Range For Medical Collectors In 2023
Hourly Salary for Medical Collectors
The BLS also breaks down compensation for medical collectors by hourly salary, and the median average hourly pay for medical collectors in 2023 was $20. Lowest hourly earners took home $16 while the highest reported hourly salaries for medical collectors was $27.
Hourly Salary Range For Medical Collectors In 2023
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Advertised Compensation for Medical Collectors
Data from the BLS is one way to dig into compensation for medical collectors, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for medical collectors.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Medical Collectors
Advertised Annual Salary
During a review of 89,650 job postings related to medical collectors, advertised salary was included in 27,763 of them, which was 31%. Based on those postings, the median advertised salary for medical collectors was $43,648 per year.
Hourly Salary from Job Postings for Medical Collectors
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for medical collectors. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for medical collectors in the United States is about $21.
Salary Trend for Medical Collectors
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for medical collectors. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for medical collectors dating back to September 2020, advertised salaries for medical collectors have increased 20%.
Advertised Wage Trend For Medical Collectors
What's the Job Growth for Medical Collectors?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for medical collectors over the next 10 years.
According to the data obtained through Lightcast,™ there were 139,275 jobs for medical collectors in the United States in 2023. By 2033, it is expected that about 16,984 jobs will be added. That's a 12.2% increase over the next 10-year period.
Employment Projections For Medical Collectors
Additional Links
Ready to dig deeper into career information about medical collectors? Visit our other pages focused on salary and education for medical collectors.
What do medical collectors do?
Medical Collectors: How do you become one?
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