Medical Billing and Coding Specialist Hourly Pay in Richmond, IN: $13.42 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Richmond, IN runs $13.42 at the median for 2026 — annualizing to $27,923 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Richmond's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $14.70 nationally would. A 24-hour part-time schedule grosses $16,754 per year.
Based on BLS state-level estimates · View source
In Richmond, Indiana, medical billing and coding specialists earn a median hourly rate of $13.42, which falls slightly below the national median of $14.59. This hourly figure represents not just full-time earnings but also the financial reality for those pursuing part-time or per-diem work arrangements. A typical part-time schedule of three days per week may translate to meaningful monthly income, allowing flexibility for specialists who may work from home offices or within hospital and clinic environments. For entry-level coders, the hourly pay starts around $9.53, while experienced professionals can earn as much as $20.27, depending on their skill level and the specific employer. The various employers in Richmond — including physician group practices, third-party coding companies, and hospital coding departments — contribute to the range of hourly wages available in this field.
About the Richmond 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) | $9.53 | $76.21 |
| Lower Range (P25) | $11.99 | $95.94 |
| Median (P50) | $13.42 | $107.40 |
| Upper Range (P75) | $16.58 | $132.61 |
| Top Earners (P90) | $20.27 | $162.16 |
Estimated Annual Income by Work Schedule in Richmond
Based on $13.42/hr median hourly rate · 2026 est.
At $13.42/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Richmond, IN can expect to earn approximately $27,923 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,109. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Richmond.
Hourly Rate Calculator
Schedule Comparison in Richmond
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $536.98 | $2,327 | $27,923 |
| Part-Time (24 hrs) | $322.19 | $1,396 | $16,754 |
| Per Diem (16 hrs) | $214.79 | $931 | $11,169 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Richmond) | $13.42 |
| 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 Richmond, IN earn a median of $27,923 per year (2026 est.), which is 7.99% lower than the national median of $30,349 and 2.70% below the Indiana state average of $28,698.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.42/hr = $16,754/year (purchasing power: $18,350).
Working 40h/week (full-time) = $27,923/year (purchasing power: $30,583).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$11.97/hr
2025 BLS Actual
$13.12/hr
2026 Current Est.
$13.42/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Richmond (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $11.97/hr | Actual |
| 2022 | $12.10/hr | Actual |
| 2023 | $12.51/hr | Actual |
| 2024 | $19.65/hr | Actual |
| 2025 | $13.12/hr | Actual |
| 2026(current) | $13.42/hr | Estimated |
| 2027 | $13.74/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Richmond grew 9.6% from $11.97/hr (2021) to $13.12/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $13.74/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 Richmond 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 Richmond
When considering part-time work in medical billing and coding, specialists who opt for a 24-hour workweek can expect their take-home pay to be significantly less than their full-time counterparts. In Richmond, per-diem medical billing and coding specialists may charge anywhere from $25 to $42 an hour on a 1099 basis, which underscores a lucrative alternative for those flexible enough to embrace varying job schedules and responsibilities. Meanwhile, more specialized roles, such as CCS inpatient coders or CRC risk adjustment specialists, can command hourly rates ranging from $35 to $65, reflecting the growing demand for expertise in areas like Medicare Advantage coding. Employers' regulations and benefits can heavily influence pay rates; some professionals may accept lower hourly wages in exchange for health insurance and paid leave, a trade-off that requires careful consideration. To negotiate better hourly rates, coders in Richmond should emphasize their credentials and continuous learning in coding advancements, as well as their proficiency with the ICD-10-CM and CPT code sets.
More salary data for Richmond, 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 Richmond. 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 Richmond 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