Debt Collector Statistics and Facts in the US
Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for debt collectors in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:
- There are over 75,941 debt collectors currently employed in the United States.
- 66.0% of all debt collectors are women, while only 29.2% are men.
- The average age of an employed debt collector is 43 years old.
- The most common ethnicity of debt collectors is White (62.0%), followed by Hispanic or Latino (22.2%) and Black or African American (9.0%).
- The majority of debt collectors are located in TX, Houston and FL, Jacksonville.
- Debt collectors are most in-demand in Jacksonville, FL.
- Debt collectors are paid an average annual salary of $31,860.
- Virginia Beach, VA pays an annual average wage of $37,070, the highest in the US.
- Debt collectors average starting salary is $26,000.
- In 2021, women earned 97% of what men earned.
- The top 10% of highest-paid debt collectors earn as much as $38,000 or more.
- New Jersey is the best state for debt collectors to live.
- Debt collectors are more likely to work at private companies in comparison to public companies.
Debt Collector Statistics By Gender
Gender Pay Gap For Debt Collector
Women Earn 97¢ For Every $1 Earned By Man
Debt Collector Gender Over Time
This data shows how men and women predominate in the debt collector position over time.
Debt Collector Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, time recorder and recovery agent have the biggest difference in gender.
|Insurance Billing Clerk||8%||89%|
Debt Collector Statistics By Race
The most common ethnicity among debt collectors is White, which makes up 62.0% of all debt collectors. Comparatively, there are 22.2% of the Hispanic or Latino ethnicity and 9.0% of the Black or African American ethnicity.
- White, 62.0%
- Hispanic or Latino, 22.2%
- Black or African American, 9.0%
- Asian, 3.8%
- Unknown, 2.4%
- American Indian and Alaska Native, 0.6%
Debt Collector Race And Ethnicity Over Time
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2008-2018 among debt collectors.
- Hispanic or Latino
- Black or African American
Debt Collector Wage Gap By Race
Average Age of a Debt Collector
We determined the average age of debt collectors based on ethnicity and gender.
Debt Collector Age Breakdown
This chart breaks down the ages of debt collector employees. Interestingly enough, the average age of debt collectors is 40+ years old, which represents 59% of the population.
Types of Debt Collector Degree Levels
The most common degree for debt collectors is high school diploma 34% of debt collectors earn that degree. A close second is bachelor's degree with 26% and rounding it off is associate degree with 22%.
- High School Diploma, 34%
- Bachelors, 26%
- Associate, 22%
- Diploma, 9%
- Other Degrees, 9%
Debt Collector Jobs You Might Like
Debt Collector Wage Gap By Education
Debt Collector Employment Statistics
This section highlights the information we gathered about the types of businesses and industries that employ debt collectors. We found that the most common company type is private. In addition, the industry that employs the most debt collectors is the finance industry.
We created this chart to show you the average size of companies that typically hire debt collectors.
< 50 employees
50 - 100 employees
100 - 500 employees
500 - 1,000 employees
1,000 - 10,000 employees
The Types Of Companies Debt Collector Work In
Employees with the debt collector job title have their preferences when it comes to working for a company. For instance, most debt collectors prefer to work at private companies over public companies.
Top Industries Hiring Debt Collectors
Just based on the number of employees within each industry, we were able to determine the most common industries that employ debt collectors. Those industries include finance, professional and technology.
Debt Collector Turnover And Employment Statistics
Debt Collector Unemployment Rate Over Time
The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of debt collectors changed.
- Unemployment rate
The Average Number of Years That Debt Collector Stay in a Job
By looking over 18,528 debt collectors resumes, we figured out that the average debt collector enjoys staying at their job for 1-2 years for a percentage of 37%.
Comparing The LGBT Ratio of Debt Collectors with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to debt collectors.
|Operations Senior Clerk||10.76%|
|Data Entry Technician||16.24%|
Foreign Languages Spoken By Debt Collectors
The most common foreign language among debt collectors is Spanish at 78.3%. The second-most popular foreign language spoken is French at 5.0% and German is the third-most popular at 2.7%.
- Spanish, 78.3%
- French, 5.0%
- German, 2.7%
- Portuguese, 1.9%
- Chinese, 1.9%
- Other, 10.2%