Medical Billing and Coding Specialist Hourly Pay in Algonquin, IL: $13.83 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Algonquin, IL runs $13.83 at the median for 2026 — annualizing to $28,775 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Algonquin's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $14.25 nationally would. A 24-hour part-time schedule grosses $17,264 per year.
Based on BLS state-level estimates · View source
In Algonquin, Illinois, a medical billing and coding specialist can expect to earn a median hourly pay of $13.83, which is slightly below the national median of $14.59. This rate is indicative of the earnings potential for individuals working part-time or on a per-diem basis. For example, a specialist working three days a week would accumulate earnings that vary based on hours worked, as coding specialists often operate from remote home offices, hospitals, or physician group environments. The hourly range for this role in the area extends from $9.75 at the lower end to around $21.45 for those with significant experience or specialized skills. These hourly rates reflect the industry’s reliance on annual salary data while providing a clearer picture of earnings suited for part-time and per-diem workers.
About the Algonquin Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $9.75 | $78.01 |
| Lower Range (P25) | $12.31 | $98.47 |
| Median (P50) | $13.83 | $110.67 |
| Upper Range (P75) | $17.56 | $140.46 |
| Top Earners (P90) | $21.45 | $171.57 |
Estimated Annual Income by Work Schedule in Algonquin
Based on $13.83/hr median hourly rate · 2026 est.
At $13.83/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Algonquin, IL can expect to earn approximately $28,774 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,600. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Algonquin.
Hourly Rate Calculator
Schedule Comparison in Algonquin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $553.35 | $2,398 | $28,774 |
| Part-Time (24 hrs) | $332.01 | $1,439 | $17,264 |
| Per Diem (16 hrs) | $221.34 | $959 | $11,510 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Algonquin) | $13.83 |
| Medical Assistant (National Avg) | $20.77 |
| Medical Secretary (National Avg) | $20.19 |
| Medical Lab Technician (National Avg) | $28.18 |
| Billing and Posting Clerk (National Avg) | $21.86 |
Medical Billing and Coding Specialists in Algonquin, IL earn a median of $28,775 per year (2026 est.), which is 5.19% lower than the national median of $30,349 and 3.00% below the Illinois state average of $29,665.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.83/hr = $17,264/year (purchasing power: $17,780).
Working 40h/week (full-time) = $28,774/year (purchasing power: $29,633).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.34/hr
2025 BLS Actual
$13.52/hr
2026 Current Est.
$13.83/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Algonquin (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.34/hr | Actual |
| 2022 | $12.47/hr | Actual |
| 2023 | $12.90/hr | Actual |
| 2024 | $22.65/hr | Actual |
| 2025 | $13.52/hr | Actual |
| 2026(current) | $13.83/hr | Estimated |
| 2027 | $14.15/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Algonquin grew 9.6% from $12.34/hr (2021) to $13.52/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.15/hr by 2027. Part-time and per-diem medical billing and coding specialists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Algonquin 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.
Working as an Hourly Medical Billing and Coding Specialist in Algonquin
When considering the part-time earning potential, a medical billing and coding specialist working 24 hours per week would take home a notable sum annually, albeit less than a full-time worker. Per diem medical billing and coding specialist pay in Algonquin can rise significantly, with many opting for agency or contract work that pays between $25 and $42 per hour. Specialized roles, such as CCS inpatient coders, command even higher rates, illustrating the varied employer types in the region. Coding offices within hospitals, third-party coding companies, and payer audit teams often offer different hourly rates, which may influence a worker's decision based on the trade-offs between pay and benefits. For those considering offers, it’s advisable to negotiate hourly pay while weighing the health insurance and other perks that may accompany lower compensation—this is a strategy many seasoned professionals adopt in Algonquin.
More salary data for Algonquin, IL:
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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 2.32% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for medical billing and coding specialists in Algonquin. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Algonquin 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