Medical Billing and Coding Specialist Hourly Pay in Streamwood, IL: $13.63 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Streamwood, IL runs $13.63 at the median for 2026 — annualizing to $28,343 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Streamwood's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $14.04 nationally would. A 24-hour part-time schedule grosses $17,009 per year.
Based on BLS state-level estimates · View source
In Streamwood, Illinois, medical billing and coding specialists earn a median hourly rate of $13.63, which is slightly below the national median of $14.59. This rate reflects the economic environment for part-time workers, who may find opportunities in remote home offices, hospital health information management (HIM) departments, or physician group practices. For those on a part-time schedule of three days a week, working approximately 24 hours, the annual earnings could position them within a comfortable living range, although it may not fully cover all financial obligations. Indeed, hourly wages for entry-level coders can start as low as $10.45, while the most experienced specialists may reach up to $21.12 in Streamwood.
About the Streamwood 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) | $10.45 | $83.57 |
| Lower Range (P25) | $11.87 | $94.95 |
| Median (P50) | $13.63 | $109.03 |
| Upper Range (P75) | $17.36 | $138.91 |
| Top Earners (P90) | $21.12 | $168.95 |
Estimated Annual Income by Work Schedule in Streamwood
Based on $13.63/hr median hourly rate · 2026 est.
At $13.63/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Streamwood, IL can expect to earn approximately $28,348 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,355. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Streamwood.
Hourly Rate Calculator
Schedule Comparison in Streamwood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $545.16 | $2,362 | $28,348 |
| Part-Time (24 hrs) | $327.10 | $1,417 | $17,009 |
| Per Diem (16 hrs) | $218.06 | $945 | $11,339 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Streamwood) | $13.63 |
| 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 Streamwood, IL earn a median of $28,343 per year (2026 est.), which is 6.61% lower than the national median of $30,349 and 4.40% below the Illinois state average of $29,647.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.63/hr = $17,009/year (purchasing power: $17,517).
Working 40h/week (full-time) = $28,348/year (purchasing power: $29,195).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.15/hr
2025 BLS Actual
$13.32/hr
2026 Current Est.
$13.63/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Streamwood (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.15/hr | Actual |
| 2022 | $12.29/hr | Actual |
| 2023 | $12.71/hr | Actual |
| 2024 | $22.31/hr | Actual |
| 2025 | $13.32/hr | Actual |
| 2026(current) | $13.63/hr | Estimated |
| 2027 | $13.95/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Streamwood grew 9.6% from $12.15/hr (2021) to $13.32/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $13.95/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 Streamwood 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 Streamwood
Diving deeper into the financial landscape, part-time medical billing and coding specialists can expect significantly different earning potentials compared to full-time roles, primarily due to the variability of hours worked each week. A 3-day work schedule can yield an annual income markedly lower than for full-time employees, impacting benefits eligibility as well. For those pursuing per diem roles, the pay rate can vary considerably, with many 1099 medical coders billing between $25 and $42 per hour. Additionally, specialized areas such as CCS inpatient coding can command even higher rates, ranging from $35 to $55 hourly. Employers in Streamwood, including physician group practices, hospitals, and consulting firms, often dictate pay rates based on the nature of the work and the level of expertise required. While some specialists accept lower wages for stability and health insurance, others may negotiate higher pay for project-based work without benefits. For professionals in this field, understanding their worth in relation to local and national data is crucial for successful salary negotiations.
More salary data for Streamwood, 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 Streamwood. 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 Streamwood 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