Repossession Services — Average Employee Salary
The average employee in the repossession services industry earns $53,079 per year ($25.52/hour), according to Bureau of Labor Statistics QCEW data.
What Do Repossession Workers Earn?
At $53,079/year (equivalent to $25.52/hour for a full-time worker), repossession services wages are below the national average of ~$65,000.
Lower wages in this industry are common in service-oriented or retail-adjacent sectors where entry barriers are lower. This can be an advantage for business owners managing payroll costs, but may contribute to higher turnover.
The typical repossession services business employs 8 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average repossession services business generating $881K/year with 8 employees at $53,079 each, total payroll represents roughly 48.2% of revenue. Labor is a significant cost but leaves room for other expenses and profit.
What This Means for Business Owners
If you're starting or running a repossession servicesbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $69,003/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 8 employees = ~$424,632/year in base payroll.
- Hourly equivalent: $25.52/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $881K/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Repossession Services revenue benchmarks →Frequently Asked Questions
- How much do repossession services employees make?
- The average repossession services employee earns $53,079 per year, which is equivalent to $25.52/hour for a full-time worker (2,080 hours/year). This is below the national average of approximately $65,000.
- How many people work in the repossession services industry?
- The repossession services industry employs 6,493 workers across 839 establishments in the United States. The average business in this industry has approximately 8 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).