How Much Do Medical Billing and Coding Professionals Make?
If you’re considering a career in medical billing and coding, one of the biggest questions on your mind is likely: “How much do medical billing and coding professionals make?“
Medical billing and coding is a fast-growing field with strong job stability, remote work opportunities, and competitive salaries. In this guide, we’ll break down the latest salary data, factors that influence earnings, and how you can maximize your income in this field.
Medical Billing and Coding Salary Overview
According to the U.S. Bureau of Labor Statistics (BLS), the average salary for medical records specialists (including medical billers and coders) is $51,090 per year ($24.56 per hour)** as of May 2024. However, salaries can vary widely based on experience, location, certification, and work setting.
Here’s a quick breakdown of earnings:
| Experience Level | Average Annual Salary |
| Entry-Level (0-2 years) | $35,000 – $42,000 |
| Mid-Career (3-5 years) | $45,000 – $55,000 |
| Experienced (5+ years) | $55,000 – $70,000+ |
| Certified Professionals | 10-20% Higher Pay |
Highest-Paying States for Medical Billing & Coding
Location plays a major role in salary potential. The top-paying states include:
- California – $66,990/year
- District of Columbia – $63,960/year
- Hawaii – $60,370/year
- Massachusetts – $58,950/year
- New Jersey – $58,320/year
Do Certified Coders Earn More?
Yes! Certification can significantly boost your salary. Professionals with credentials like:
- Certified Professional Coder (CPC) – AAPC
- Certified Coding Specialist (CCS) – AHIMA
- Certified Billing and Coding Specialist (CBCS) – NHA
Earn 10-20% more than non-certified professionals. Many employers require or prefer certification, making it a smart investment.
Factors That Affect Medical Billing & Coding Salaries
1. Experience & Expertise
- Entry-level coders typically start around $35K-$42K.
- With 5+ years of experience, salaries can exceed $60K, especially in specialties like oncology or cardiology coding.
2. Work Setting
- Hospitals – Highest pay ($55K-$70K)
- Physicians’ Offices – Average $45K-$55K
- Insurance Companies – $50K-$65K
- Remote Positions – Competitive, often $45K-$60K
3. Specialization
- Risk Adjustment Coding (HCC) – $60K-$85K
- Surgical Coding – $55K-$75K
- Inpatient vs. Outpatient Coding – Inpatient often pays more
4. Location & Cost of Living
Metro areas and states with higher living costs tend to offer higher salaries. Remote work can also provide flexibility to earn competitive wages from anywhere.
How to Increase Your Medical Billing & Coding Salary
- Get Certified – AAPC or AHIMA credentials can boost earnings.
- Gain Experience – Specialize in high-demand areas like ICD-10, EHR systems, or telehealth coding.
- Negotiate & Job Hop – Changing employers can lead to 10-15% salary increases.
- Work Remotely – Many companies offer work-from-home opportunities with competitive pay.
Is Medical Billing & Coding a Good Career Choice?
✅ High Demand – The BLS projects 8% job growth (2022-2032), faster than average.
✅ Flexible Work Options – Many remote and hybrid positions available.
✅ Quick Entry – Many programs take less than a year to complete.
✅ Competitive Pay – Potential to earn $50K-$70K+ with experience & certifications.
Final Thoughts
Medical billing and coding offers strong earning potential, job security, and career growth. While entry-level salaries start around $35K-$45K, certified professionals in high-demand areas can make $60K or more.
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