Medical Billing and Coding Specialist Hourly Pay in Sheridan, WY: $7.74 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Sheridan, WY runs $7.74 at the median for 2026 — annualizing to $16,100 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Sheridan's regional price level (BEA RPP 95.8, 4% below national), each hour of work buys what $8.07 nationally would. A 24-hour part-time schedule grosses $9,654 per year.
Based on BLS state-level estimates · View source
In Sheridan, Wyoming, medical billing and coding specialists can expect to earn a median hourly rate of $7.74, significantly lower than the national median of $14.59. This disparity may impact those working part-time or on a per-diem basis, which is common given that many positions can be performed remotely or in various healthcare settings like hospital HIM departments and coding firms. For specialists working three days a week, the hourly rate can translate into earnings that may not fully cover living expenses. The hourly range varies considerably, from $5.86 at the 10th percentile to $11.51 at the 90th percentile, highlighting the potential for entry-level workers to navigate the field with modest earnings while experienced coders have the opportunity to earn significantly more.
About the Sheridan Market
Salary estimated from Wyoming average ($48,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $5.86 | $46.90 |
| Lower Range (P25) | $6.66 | $53.29 |
| Median (P50) | $7.74 | $61.88 |
| Upper Range (P75) | $9.53 | $76.21 |
| Top Earners (P90) | $11.51 | $92.09 |
Estimated Annual Income by Work Schedule in Sheridan
Based on $7.74/hr median hourly rate · 2026 est.
At $7.74/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Sheridan, WY can expect to earn approximately $16,090 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $9,282. With a cost-of-living index of 95.80 (below the national average), these earnings stretch further in Sheridan.
Hourly Rate Calculator
Schedule Comparison in Sheridan
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $309.42 | $1,341 | $16,090 |
| Part-Time (24 hrs) | $185.65 | $804 | $9,654 |
| Per Diem (16 hrs) | $123.77 | $536 | $6,436 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Sheridan) | $7.74 |
| 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 Sheridan, WY earn a median of $16,100 per year (2026 est.), which is 46.95% lower than the national median of $30,349 and 4.50% below the Wyoming state average of $16,859.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $7.74/hr = $9,654/year (purchasing power: $10,077).
Working 40h/week (full-time) = $16,090/year (purchasing power: $16,795).
CoL index: 95.8 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$6.90/hr
2025 BLS Actual
$7.56/hr
2026 Current Est.
$7.74/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Sheridan (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $6.90/hr | Actual |
| 2022 | $6.97/hr | Actual |
| 2023 | $7.21/hr | Actual |
| 2024 | $21.11/hr | Actual |
| 2025 | $7.56/hr | Actual |
| 2026(current) | $7.74/hr | Estimated |
| 2027 | $7.91/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Sheridan grew 9.6% from $6.90/hr (2021) to $7.56/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $7.91/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 Sheridan 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 Sheridan
Examining the earning potential for a part-time schedule, a medical billing and coding specialist working 24 hours a week brings home about $12,078 annually, which is notably less than a full-time worker could earn but may suit some professionals looking for flexibility. For per-diem medical billing and coding specialists, the pay rate typically ranges from $25 to $42 hourly, allowing them to command a much higher income while still enjoying the freedom of flexible work arrangements. The pay scale varies across different work environments; for instance, physician group practices and hospital billing departments offer different hourly rates, with remote options showing competitive pay for independent contractors. Often, specialists must weigh the trade-off between lower hourly rates for full-time positions that provide health benefits and higher hourly wages without benefits in contract roles. Negotiating pay effectively in Sheridan may require being informed about the average rates and demonstrating expertise in industry standards and coding updates, essential for maximizing compensation in both full-time and contract positions.
More salary data for Sheridan, WY:
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 Sheridan. 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 Sheridan 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