Medical Billing and Coding Specialist Hourly Pay in Hanover Park, IL: $13.70 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Hanover Park, IL runs $13.70 at the median for 2026 — annualizing to $28,499 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Hanover Park's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $14.11 nationally would. A 24-hour part-time schedule grosses $17,098 per year.
Based on BLS state-level estimates · View source
In 2026, the medical billing and coding specialist hourly pay in Hanover Park, Illinois, is projected to be $13.70, which falls below the national median hourly rate of $14.59. This lower hourly rate has implications for both part-time workers and per-diem medical billing and coding specialists, who frequently operate in environments such as remote home offices, hospital health information management (HIM) departments, and third-party coding production facilities. The hourly range in Hanover Park spans from $10.63 for entry-level positions to $21.24 for top earners, reflecting the diverse skill levels and experiences within this profession. As medical coding increasingly shifts to remote work environments, this hourly pay data highlights the need for professionals to stay current with coding standards like ICD-10-CM and quarterly updates.
About the Hanover Park 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) | $10.63 | $85.05 |
| Lower Range (P25) | $12.03 | $96.26 |
| Median (P50) | $13.70 | $109.61 |
| Upper Range (P75) | $16.72 | $133.75 |
| Top Earners (P90) | $21.24 | $169.93 |
Estimated Annual Income by Work Schedule in Hanover Park
Based on $13.70/hr median hourly rate · 2026 est.
At $13.70/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Hanover Park, IL can expect to earn approximately $28,497 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,441. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Hanover Park.
Hourly Rate Calculator
Schedule Comparison in Hanover Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $548.03 | $2,375 | $28,497 |
| Part-Time (24 hrs) | $328.82 | $1,425 | $17,098 |
| Per Diem (16 hrs) | $219.21 | $950 | $11,399 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Hanover Park) | $13.70 |
| 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 Hanover Park, IL earn a median of $28,499 per year (2026 est.), which is 6.10% lower than the national median of $30,349 and 3.90% below the Illinois state average of $29,656.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.70/hr = $17,098/year (purchasing power: $17,609).
Working 40h/week (full-time) = $28,497/year (purchasing power: $29,348).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.22/hr
2025 BLS Actual
$13.39/hr
2026 Current Est.
$13.70/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Hanover Park (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.22/hr | Actual |
| 2022 | $12.35/hr | Actual |
| 2023 | $12.77/hr | Actual |
| 2024 | $22.43/hr | Actual |
| 2025 | $13.39/hr | Actual |
| 2026(current) | $13.70/hr | Estimated |
| 2027 | $14.02/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Hanover Park grew 9.6% from $12.22/hr (2021) to $13.39/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.02/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 Hanover Park 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 Hanover Park
When considering part-time opportunities for medical billing and coding specialists, those working three days a week—approximately 24 hours—can expect to take home about $32,376 annually. In contrast, full-time specialists may see their earnings significantly increase. Per-diem medical billing and coding specialists can find themselves billing anywhere between $25 and $42 per hour, with specialized roles, such as CCS inpatient coders, earning even higher rates of $35 to $55 per hour. Variability in hourly wages also arises from the type of employer, with physician group practices generally offering lower rates than third-party coding companies or consulting firms. While many specialists opt for positions with health benefits, others may choose higher hourly rates without benefits, creating a balancing act between earnings and job stability. In Hanover Park, medical billing and coding specialists are advised to familiarize themselves with industry standards and negotiate effectively by emphasizing their credentials from organizations like AAPC or AHIMA to secure optimal pay.
More salary data for Hanover Park, 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 Hanover Park. 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 Hanover Park 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