Medical Billing and Coding Specialist Hourly Pay in Peabody, MA: $16.68 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Peabody, MA runs $16.68 at the median for 2026 — annualizing to $34,686 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Peabody's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $15.37 nationally would. A 24-hour part-time schedule grosses $20,814 per year.
Based on BLS state-level estimates · View source
In Peabody, Massachusetts, the projected hourly pay for a medical billing and coding specialist is $16.68, which surpasses the national median of $14.59. This median rate suggests robust earning potential for those seeking part-time or per diem roles, especially in the increasingly common remote work environments. For professionals working three days a week, this hourly rate translates to the ability to balance work-life commitments while still securing a reasonable income. The hourly range for these specialists varies significantly, from $11.76 at the lowest end (entry-level positions) to $25.85 for top earners in the field, reflecting diverse opportunities across settings such as hospitals, physician practices, and third-party coding companies.
About the Peabody Market
Salary estimated from Massachusetts average ($60,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $11.76 | $94.05 |
| Lower Range (P25) | $14.46 | $115.66 |
| Median (P50) | $16.68 | $133.43 |
| Upper Range (P75) | $20.73 | $165.84 |
| Top Earners (P90) | $25.85 | $206.77 |
Estimated Annual Income by Work Schedule in Peabody
Based on $16.68/hr median hourly rate · 2026 est.
At $16.68/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Peabody, MA can expect to earn approximately $34,691 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $20,014. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Peabody.
Hourly Rate Calculator
Schedule Comparison in Peabody
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $667.13 | $2,891 | $34,691 |
| Part-Time (24 hrs) | $400.28 | $1,735 | $20,814 |
| Per Diem (16 hrs) | $266.85 | $1,156 | $13,876 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Peabody) | $16.68 |
| 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 Peabody, MA earn a median of $34,686 per year (2026 est.), which is 14.29% higher than the national median of $30,349 and 0.10% above the Massachusetts state average of $34,652.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $16.68/hr = $20,814/year (purchasing power: $19,184).
Working 40h/week (full-time) = $34,691/year (purchasing power: $31,973).
CoL index: 108.5 (100 = national average).
2021 BLS Actual
$14.87/hr
2025 BLS Actual
$16.30/hr
2026 Current Est.
$16.68/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Peabody (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $14.87/hr | Actual |
| 2022 | $15.04/hr | Actual |
| 2023 | $15.55/hr | Actual |
| 2024 | $31.33/hr | Actual |
| 2025 | $16.30/hr | Actual |
| 2026(current) | $16.68/hr | Estimated |
| 2027 | $17.07/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Peabody grew 9.6% from $14.87/hr (2021) to $16.30/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $17.07/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 Peabody 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 Peabody
When examining the financial implications of part-time work, a medical billing and coding specialist in Peabody working 24 hours a week could take home around $26,141 annually, compared to those employed full-time. Furthermore, per diem medical billing and coding specialists can command higher hourly rates, often between $25 and $42, with inpatient coders achieving rates of $35 to $55 per hour. The difference in pay can depend on employer type; coding roles within hospital departments might offer lower base rates but come with benefits, whereas agencies and third-party firms may provide more competitive pay with fewer benefits. Professionals should weigh the trade-offs between hourly rates and job benefits carefully during negotiations, focusing on securing a fair compensation package while keeping an eye on the evolving landscape of risk adjustment and HCC coding.
More salary data for Peabody, MA:
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 Peabody. 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 Peabody 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