Entry-Level Medical Billing and Coding Specialist Salary in Spearfish, SD: $11,498 (2026)
Quick Answer:New medical billing and coding specialists entering the Spearfish, SD job market in 2026 can expect a starting salary around $11,498 (BLS 10th-percentile benchmark for SOC 29-2072, projected from 2025 OEWS data). Stripping out Spearfish's local price level (BEA RPP 92.8 — 7% below national), a first-year paycheck buys what $12,390 would in average-cost America. Most reach the city median ($15,662) within a few years of clinical practice.
Based on BLS state-level estimates · View source

New graduates entering the medical billing and coding profession in Spearfish, South Dakota, can anticipate an entry-level pay that reflects the local market dynamics. With a starting salary projected at $11,498 for 2026, new coders face a sizable gap when compared to the city's median annual salary of $15,662. This discrepancy suggests that while opportunities exist, they may not fully meet expectations right out of the gate. Over the course of the first three to five years, early-career specialists can expect progressive salary advancements. As they gain experience, salaries can grow toward the 25th percentile rate of $14,181, a crucial step toward reaching the median pay. Given the anticipated 2.32% growth rate in this profession, Spearfish remains a viable market for new graduates focused on building their careers in medical billing and coding.
About the Spearfish Market
Salary estimated from South Dakota average ($44,000) adjusted for local cost of living.
Career Earnings Timeline in Spearfish
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 Spearfish
Entry-level medical billing and coding specialists in Spearfish, SD typically start between $11,498 and $14,181 per year (2026 est.). The full salary range spans $11,376 from the 10th to 90th percentile, with the local median at $15,662 — 48.39% below the national median.
Return on Investment
The average medical billing and coding program cost in South Dakota of $3,000 represents just 26.09% of the starting medical billing and coding specialist pay ($11,498/year) in Spearfish. 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 Spearfish
- 1Research the Spearfish market: entry-level medical billing and coding specialist pay ranges from $11,498 to $14,181, 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 SD often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Spearfish, 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 Spearfish for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Spearfish's below-average 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 Spearfish is $11,376 ( 98.94%) between entry-level and top earners. Starting at $11,498, experienced hygienists can earn up to $22,874.
Represents the current salary spread across experience levels, not projected career growth rate.
2021 BLS Actual
$8,938
2025 BLS Actual
$11,237
2026 Current Est.
$11,498
2021–2027 Growth
+31.6%
Salary Trajectory for Medical Billing and Coding Specialists in Spearfish (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $8,938 | Actual |
| 2022 | $9,630 | Actual |
| 2023 | $10,654 | Actual |
| 2024 | $28,262 | Actual |
| 2025 | $11,237 | Actual |
| 2026(current) | $11,498 | Estimated |
| 2027 | $11,764 | Projected |
Entry-level medical billing and coding specialist compensation (10th percentile) in Spearfish, SD grew 25.7% over 5 years based on actual BLS metropolitan area surveys, rising from $8,938 in 2021 to $11,237 in 2025. By 2027, starting salaries are projected to reach $11,764. New graduates entering the Spearfish job market can expect continued year-over-year gains.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Spearfish 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 Spearfish
In Spearfish, several employers are actively seeking recent graduates to fill roles in medical billing and coding, particularly third-party coding companies and payer coding audit teams, which offer opportunities for CPC-A (apprentice) coders. Local physician group practices and outpatient ambulatory surgical centers also welcome entry-level CPC roles. For those interested in hospital inpatient coding, acquiring credentials such as the CCS can be advantageous. Graduates who pursue certifications from AAPC or AHIMA—including CPC, CPC-A, or optional credentials like CRC and CPMA—are likely to see higher starting pay and increased job competitiveness within South Dakota. The shift toward remote work in this field means continuous education in coding updates, crucial for adapting to the evolving landscape. In the first few years, ambitious coders can realistically aim for salary growth by staying updated with ICD-10-CM and CPT changes, with a particular emphasis on emerging subspecialties such as risk adjustment and HCC coding, which are rapidly gaining traction in the industry.
More salary data for Spearfish, SD:
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 Spearfish. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Spearfish 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