Medical Billing and Coding Specialist Hourly Pay in Franklin, IN: $13.56 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Franklin, IN runs $13.56 at the median for 2026 — annualizing to $28,208 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Franklin's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $14.85 nationally would. A 24-hour part-time schedule grosses $16,920 per year.
Based on BLS state-level estimates · View source
In Franklin, Indiana, medical billing and coding specialists earn a median hourly pay of $13.56. This figure is slightly below the national median of $14.59, which may impact local professionals seeking part-time opportunities or per-diem work arrangements. For those working three days a week, this hourly rate translates to a steady income, but it is essential to consider the costs associated with living in Franklin, where the cost of living index is below the national average. The hourly pay range for this occupation in Franklin varies widely, with entry-level positions earning around $9.90 and experienced coders reaching up to $20.71 per hour. The flexibility offered by these jobs allows individuals to work from remote home offices or settings such as hospital HIM departments, physician group practices, and coding companies.
About the Franklin Market
Salary estimated from Indiana average ($46,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $9.90 | $79.24 |
| Lower Range (P25) | $11.45 | $91.60 |
| Median (P50) | $13.56 | $108.46 |
| Upper Range (P75) | $16.93 | $135.47 |
| Top Earners (P90) | $20.71 | $165.68 |
Estimated Annual Income by Work Schedule in Franklin
Based on $13.56/hr median hourly rate · 2026 est.
At $13.56/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Franklin, IN can expect to earn approximately $28,199 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,269. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $542.30 | $2,350 | $28,199 |
| Part-Time (24 hrs) | $325.38 | $1,410 | $16,920 |
| Per Diem (16 hrs) | $216.92 | $940 | $11,280 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Franklin) | $13.56 |
| 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 Franklin, IN earn a median of $28,208 per year (2026 est.), which is 7.05% lower than the national median of $30,349 and 1.70% below the Indiana state average of $28,695.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.56/hr = $16,920/year (purchasing power: $18,532).
Working 40h/week (full-time) = $28,199/year (purchasing power: $30,887).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.09/hr
2025 BLS Actual
$13.25/hr
2026 Current Est.
$13.56/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Franklin (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.09/hr | Actual |
| 2022 | $12.22/hr | Actual |
| 2023 | $12.64/hr | Actual |
| 2024 | $19.85/hr | Actual |
| 2025 | $13.25/hr | Actual |
| 2026(current) | $13.56/hr | Estimated |
| 2027 | $13.87/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Franklin grew 9.6% from $12.09/hr (2021) to $13.25/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $13.87/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 Franklin 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 Franklin
Considering part-time roles, a medical billing and coding specialist working 24 hours a week could expect an annual take-home pay of approximately $17,036, significantly less than a full-time position. On the other hand, per-diem medical billing and coding specialist pay in Franklin varies considerably, with many professionals billing anywhere from $25 to $42 per hour. Those holding advanced certifications, like CCS or CRC, can earn even more, with inpatient coders ranging up to $55 per hour. Employers in Franklin, including physician practices and third-party coding firms, often provide different compensation packages, placing a premium on health insurance benefits. This trade-off may lead some specialists to accept lower hourly rates for job security and medical insurance. For those negotiating their rates, it's critical to research the specific industry standards and articulate the value they bring, especially given the growth in areas like risk adjustment and HCC coding.
More salary data for Franklin, IN:
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 Franklin. 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 Franklin 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