Medical Billing Salary

Entry-Level Medical Billing and Coding Specialist Salary in Lakewood, CO: $24,076 (2026)

Quick Answer:New medical billing and coding specialists entering the Lakewood, CO job market in 2026 can expect a starting salary around $24,076 (BLS 10th-percentile benchmark for SOC 29-2072, projected from 2025 OEWS data). Stripping out Lakewood's local price level (BEA RPP 105.05% above national), a first-year paycheck buys what $22,930 would in average-cost America. Most reach the city median ($32,635) within a few years of clinical practice.

$24,076
Starting Salary
$11.57/hr
Starting Hourly
$24,076
Entry Level
$32,635
Career Median Target

Based on BLS state-level estimates · View source

Medical Billing and Coding Specialist Entry Level Salary in Lakewood, CO — 2026 est., based on 2025 BLS
Lakewood, CO medical billing and coding specialist entry level salary overview (2026 est., based on 2025 BLS)

Starting out in medical billing and coding in Lakewood, CO, new graduates can expect an entry-level salary of approximately $24,076 per year in 2026. This figure represents a notable gap from the city's median salary of $32,635, but it sets the foundation for future earnings as professionals gain experience. With a potential trajectory from the P10 starting point through the P25 range of $27,941 over the first few years in the field, entry-level specialists can look forward to gradual salary growth. Given the increasing demand for medical billing and coding professionals, Lakewood currently presents a solid job market for new graduates stepping into this essential healthcare role.

About the Lakewood Market

Salary estimated from Colorado average ($55,000) adjusted for local cost of living.

Career Earnings Timeline in Lakewood

Year 0-2

New Graduate

$24,076/yr
Year 2-5

Early Career

$27,941/yr
Year 5-10

Mid Career

$32,635/yr
Year 10+

Experienced

$41,773/yr

Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.

2026 Salary Percentile Distribution in Lakewood

Vertical bar chart of 10th through 90th percentile salaries for medical billing and coding specialists in Lakewood. The median salary is $32,635, compared to the national median of $30,349.$21.7K$29.5K$37.4K$45.3K$53.1K$24.1K10th Pctl$27.9K25th Pctl$32.6KMedian$41.8K75th Pctl$50.6K90th PctlUS Median$30.3K

Entry-level medical billing and coding specialists in Lakewood, CO typically start between $24,076 and $27,941 per year (2026 est.). The full salary range spans $26,508 from the 10th to 90th percentile, with the local median at $32,6357.53% above the national median.

Source: BLS OEWS projected to 2026. Percentiles reflect the distribution of medical billing and coding specialist pay in the Lakewood metro area.

Return on Investment

$4,000
Avg CO Program Cost
$24,076
Starting Salary
16.61%
Cost-to-Salary Ratio
<1 yr
Payback Estimate

The average medical billing and coding program cost in Colorado of $4,000 represents just 16.61% of the starting medical billing and coding specialist pay ($24,076/year) in Lakewood. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.

Program cost estimates based on AHIMA/CAHIIM-accredited coding and health information certificate programs plus AAPC-approved training courses. Certificates at community colleges and online training programs are the most affordable; associate degree programs cost more but broaden career options. Exam fees (CCA, CCS, CPC) are typically $299-$499 and are separate from tuition.

MBS Salary Negotiation Tips for New Graduates in Lakewood

  • 1Research the Lakewood market: entry-level medical billing and coding specialist pay ranges from $24,076 to $27,941, so aim for at least the 25th percentile if you have strong credentials.
  • 2Highlight any additional certifications or specialty training within the medical billing and coding field — employers in CO often pay a premium for expanded scope of work.
  • 3Evaluate the full compensation package — in Lakewood, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
  • 4Consider starting with a larger hospital system or multi-site employer in Lakewood for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
  • 5Lakewood's moderate cost of living means your starting salary goes further here compared to many larger metro areas.

Medical Billing and Coding Specialist Compensation Range

The medical billing and coding specialist wage spread in Lakewood is $26,508 ( 110.10%) between entry-level and top earners. Starting at $24,076, experienced hygienists can earn up to $50,584.

Represents the current salary spread across experience levels, not projected career growth rate.

2021 BLS Actual

$18,716

2025 BLS Actual

$23,530

2026 Current Est.

$24,076

2021–2027 Growth

+31.6%

Salary Trajectory for Medical Billing and Coding Specialists in Lakewood (20212027)

2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.

BLS Actual Estimated Projected
Salary trajectory chart for medical billing and coding specialists in Lakewood. Baseline $18,716 in 2025, projected to $24,634 by 2027.$14.1K$22.2K$30.4K$38.5K$46.6K20212022202320242025202620272025 BLS$18.7K$20.2K$22.3K$42.0K$23.5K$24.1K$24.6K
YearAnnual SalaryStatus
2021$18,716Actual
2022$20,166Actual
2023$22,309Actual
2024$41,987Actual
2025$23,530Actual
2026(current)$24,076Estimated
2027$24,634Projected

Entry-level medical billing and coding specialist compensation (10th percentile) in Lakewood, CO grew 25.7% over 5 years based on actual BLS metropolitan area surveys, rising from $18,716 in 2021 to $23,530 in 2025. By 2027, starting salaries are projected to reach $24,634. New graduates entering the Lakewood job market can expect continued year-over-year gains.

Note: Historical values (20212025) are actual BLS OEWS figures for the Lakewood metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 20262026 figures are current estimates, and 2027 values are projections, calculated using a 2.32% CAGR derived from 5-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.

Starting Your medical billing and coding Career in Lakewood

In terms of employment opportunities, Lakewood is home to various employers seeking entry-level medical billing and coding specialists. Organizations such as third-party coding companies and payer coding audit teams often hire those with CPC-A credentials, providing structured mentorship to enhance skill development. Additionally, outpatient settings and physician group practices frequently offer positions for entry-level candidates; those aiming for roles in hospital inpatient coding may require CCS certification. To further boost earning potential in Colorado, obtaining credentials from AAPC or AHIMA—such as CPC, CCS-P, or even pursuing specialized certifications like CRC or CPMA—can be beneficial. New specialists should anticipate a strategic career path focusing on continuous education, particularly with the industry's shift towards remote work following 2020. Adapting to ongoing updates in the ICD-10-CM and CPT codes is essential, especially with risk adjustment and HCC coding becoming high-growth areas, presenting new grads with the opportunity to significantly increase their starting medical billing and coding specialist salary in Lakewood over the first three years.

Frequently Asked Questions

What is the starting salary for medical billing and coding specialists in Lakewood in 2026?

Entry-level medical billing and coding specialists in Lakewood start at approximately $24,076/year (10th percentile), based on estimated 2026 salary (projected from 2025 BLS data at 2.32% annual growth). This is the typical range for new graduates with less than 1 year of clinical experience. The starting hourly equivalent is approximately $11.57/hour for full-time work. Starting pay depends on the practice type (private vs. large organization), patient volume, location within the metro area, and whether the position includes benefits.

How fast do medical billing and coding specialist salaries grow in Lakewood?

Most medical billing and coding specialists in Lakewood progress from the entry-level salary of $24,076 to the area median of $32,635 within 3–5 years of clinical experience. Top earners with specializations and certifications reach $50,584 (90th percentile). The biggest salary jumps typically come in years 2–5 as clinical skills develop, and again when obtaining advanced certifications or expanded-function credentials. Salary growth after 10 years tends to plateau unless moving into management or education roles.

Is medical billing and coding school worth it in Lakewood?

With a starting salary of $24,076/year in Lakewood and typical program costs ranging from $20,000–$80,000 for the required degree, graduates can expect a strong return on investment. Most new medical billing and coding specialists recoup their tuition within 1–3 years of working full-time. The profession also offers excellent work-life balance, flexible scheduling, low unemployment rates, and growing demand driven by an aging population's care needs.

What do new medical billing and coding specialists make right out of school in Lakewood?

New medical billing and coding graduates in Lakewood typically start near the 10th percentile at $24,076/year, or approximately $11.57/hour. Starting pay varies based on the practice type, patient volume, geographic location within the metro area, and whether the compensation package includes benefits like health insurance and retirement contributions. Graduates with internships at high-production practices often secure higher starting offers.

How do I become a medical billing and coding specialist in Colorado?

To become a licensed medical billing and coding specialist in Colorado, you typically need postsecondary certificate or associate degree in medical billing and coding from an accredited program, plus optional professional certification, then pass the required national and state licensing examinations. Most states, including Colorado, also require a clinical licensing exam. After obtaining licensure, you must maintain it through continuing education credits. Some medical billing and coding specialists pursue advanced degrees for career advancement into education, research, or public health roles.

Related Pages

Nearby Cities in Colorado

AP

Written by Amina Patel, CPC

Career Analyst

Amina has 10 years of experience in medical billing. She specializes in outpatient coding for multi-specialty practices.

Clinically reviewed by Liam Johnson, RHITData verified by Sofia Nguyen, CCS

Methodology & Data Source

Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new medical billing and coding graduates. A 2.32% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Lakewood. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.

Data Sources & Methodology

Salary data for Lakewood is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).

View estimation methodology

2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.32%, derived from historical BLS wage trends for medical billing and coding specialists (SOC 29-2072).

Compiled and verified by Amina Patel, CPC, a licensed medical billing and coding specialist with 10+ years of clinical experience. · View source data at BLS.gov

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