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 105.0 — 5% 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.
Based on BLS state-level estimates · View source

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
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Lakewood
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 $32,635 — 7.53% above the national median.
Return on Investment
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 (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $18,716 | Actual |
| 2022 | $20,166 | Actual |
| 2023 | $22,309 | Actual |
| 2024 | $41,987 | Actual |
| 2025 | $23,530 | Actual |
| 2026(current) | $24,076 | Estimated |
| 2027 | $24,634 | Projected |
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 (2021–2025) are actual BLS OEWS figures for the Lakewood metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 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.
More salary data for Lakewood, CO:
Frequently Asked Questions
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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.
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).
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