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As of August 01, 2026, the average salary for a Billing & Collections Specialist in Illinois is $58,663 per year, which breaks down to an hourly rate of $28.
However, a Billing & Collections Specialist's salary can vary significantly. Here’s a look at the typical salary range:
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Billing & Collections Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $63,705 | $5,309 | $1,225 | $31 |
| Average | $58,663 | $4,889 | $1,128 | $28 |
| 25th Percentile | $53,455 | $4,455 | $1,028 | $26 |
Addison Group - Vernon Hills, IL
Consumer Portfolio Services - Oak Brook, IL
All-Stat Portable - Skokie, IL
Access Infusion Care Inc - Chicago, IL
A Billing & Collections Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Billing & Collections Specialists. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Billing & Collections Specialist roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 40% above the average. In contrast, Billing & Collections Specialist positions in Telecom or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Billing & Collections Specialist as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $82,128 | $39.0 | 40% |
| Financial Services | $76,262 | $37.0 | 30% |
| Energy & Utilities | $70,395 | $34.0 | 20% |
| Healthcare | $64,529 | $31.0 | 10% |
| Insurance | $61,596 | $30.0 | 5% |
Understanding how a Billing & Collections Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $63,705 | $5,309 | $1,225 | $31 |
| Average | $58,663 | $4,889 | $1,128 | $28 |
| 25th Percentile | $53,455 | $4,455 | $1,028 | $26 |
Ready to take the next step in your career? Browse thousands of current Billing & Collections Specialist job openings on our job board. Use the search bar below to find your perfect match.
RENALCARE ASSOCIATES S C
Peoria, IL
RENALCARE ASSOCIATES S C | Peoria, IL
Job Description. Job Description. Description. We are a growing, fast-paced, physician-led office that is a leader in our field looking for a detail-orient... more
4 Days Ago
Renalcare Associates SC
Peoria, IL
Renalcare Associates SC | Peoria, IL
Billing SpecialistWe are a growing, fast-paced, physician-led office that is a leader in our field looking for a detail-oriented and motivated full-time Bi... more
5 Days Ago
Hennessy & Roach, P.C.
Chicago, IL
Hennessy & Roach, P.C. | Chicago, IL
Job Description. Job Description. Company Description. Hennessy & Roach, P.C. is a law firm defending employers in Workers’ Compensation and defendants in ... more
5 Days Ago
Nephrology Associates of Northern Illinois and Indiana
Oak Brook, IL
Nephrology Associates of Northern Illinois and Indiana | Oak Brook, IL
Job Description. Job Description. . Summary. Nephrology Associates of Northern Illinois and Indiana (NANI) is seeking a highly motivated and detail-ori... more
5 Days Ago
Pappageorge Haymes Partners
Chicago, IL
Pappageorge Haymes Partners | Chicago, IL
Job Description. Job Description. Pappageorge Haymes Partners (PH) is seeking an Architectural Billing Specialist to join our team. This position takes own... more
5 Days Ago
F.E. Moran Group of Companies
Northbrook, IL
F.E. Moran Group of Companies | Northbrook, IL
Job Description. Job Description. Is this you. . You provide exceptional service and communication to all internal and external customers and team members.... more
5 Days Ago
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