Medical Billing and Coding Specialist Hourly Pay in Indianapolis, IN: $13.82 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Indianapolis, IN runs $13.82 at the median for 2026 — annualizing to $28,741 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Indianapolis's regional price level (BEA RPP 95.7, 4% below national), each hour of work buys what $14.45 nationally would. A 24-hour part-time schedule grosses $17,252 per year.
Official BLS data · View source
In Indianapolis, medical billing and coding specialists earn a median hourly rate of $13.82, slightly lower than the national median of $14.59. This lower rate reflects the regional cost of living, which is indexed at 95.696, indicating that Indianapolis is below the national average. For part-time workers, particularly those logged in 24 hours per week, incomes can provide a modicum of financial stability without the commitments of full-time employment. Per-diem positions, which have become more commonplace, afford flexibility in hours and locations, with specialists working remotely, in hospital HIM departments, and within physician coding offices. The hourly pay for entry-level positions starts around $10.92, while seasoned professionals can earn as much as $23.63 per hour, creating opportunities across the spectrum of experience.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $10.92 | $87.34 |
| Lower Range (P25) | $12.26 | $98.06 |
| Median (P50) | $13.82 | $110.59 |
| Upper Range (P75) | $18.09 | $144.72 |
| Top Earners (P90) | $23.63 | $189.01 |
Estimated Annual Income by Work Schedule in Indianapolis
Based on $13.82/hr median hourly rate · 2026 est.
At $13.82/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Indianapolis, IN can expect to earn approximately $28,753 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,588. With a cost-of-living index of 95.70 (below the national average), these earnings stretch further in Indianapolis.
Hourly Rate Calculator
Schedule Comparison in Indianapolis
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $552.94 | $2,396 | $28,753 |
| Part-Time (24 hrs) | $331.76 | $1,438 | $17,252 |
| Per Diem (16 hrs) | $221.17 | $958 | $11,501 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Indianapolis) | $13.82 |
| 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 Indianapolis, IN earn a median of $28,741 per year (2026 est.), which is 5.30% lower than the national median of $30,349 and 0.20% above the Indiana state average of $28,683.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.82/hr = $17,252/year (purchasing power: $18,028).
Working 40h/week (full-time) = $28,753/year (purchasing power: $30,046).
CoL index: 95.696 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$22.73/hr
2025 BLS Actual
$13.51/hr
2026 Current Est.
$13.82/hr
2021–2027 Growth
+-37.8%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Indianapolis (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $22.73/hr | Actual |
| 2022 | $22.76/hr | Actual |
| 2023 | $22.36/hr | Actual |
| 2024 | $22.09/hr | Actual |
| 2025 | $13.51/hr | Actual |
| 2026(current) | $13.82/hr | Estimated |
| 2027 | $14.14/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Indianapolis grew -40.6% from $22.73/hr (2021) to $13.51/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.14/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 Indianapolis 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 Indianapolis
Opportunities for part-time medical billing and coding specialists in Indianapolis translate to approximately $21,500 annually for those working three days a week. In contrast, the earning potential for per-diem or freelance positions often allows specialists to negotiate hourly rates significantly above the median. Many coding professionals, especially those with expertise in inpatient coding or risk adjustment, can command rates ranging from $25 to $65 per hour depending on their specialty and the hiring organization type. Hospitals and insurers typically offer more stable roles with benefits but might pay less than third-party coding firms that operate on a work-from-home model. Therefore, it's essential for professionals to weigh the security and benefits of lower hourly wages against higher rates and the absence of benefits in freelance roles. When negotiating hourly pay in Indianapolis, emphasizing specialized certifications from AAPC or AHIMA can prove advantageous, as does aligning one’s skills with the growing demand for technical proficiency in ICD-10-CM and risk adjustment coding.
More salary data for Indianapolis, 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 Indianapolis. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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