Medical Billing and Coding Specialist Salary in Palm Bay, FL: $26,996 (2026)
Quick Answer:A full-time medical billing and coding specialist in Palm Bay, FL earns a median $26,996/year (≈ $12.97/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Palm Bay's price level (0% above national, BEA RPP 100.0), that paycheck buys what $26,995 would nationally. Nominal pay sits 1.0% above the Florida state average.
Official BLS data · View source
In Palm Bay, Florida, individuals in the medical billing and coding profession can expect a median annual salary of $26,996, which trails the national median of $30,349 by approximately 11.05%. Salary projections indicate a range from $21,104 at the lower decile to $45,791 at the higher end, reflecting the variation in specialty and experience. Those working in inpatient coding, particularly the CCS specialty, typically command the highest salaries compared to their outpatient counterparts like CPC and professionals focused on HCC and risk adjustment coding. These salary figures are derived from projections based on 2025 BLS OEWS data and provide insight into how the local job market aligns with broader national trends.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $21,104 | $10.15 |
| Lower Range (P25) | $21,940 | $10.55 |
| Median (P50)(typical) | $26,996 | $12.97 |
| Upper Range (P75) | $37,322 | $17.94 |
| Top Earners (P90) | $45,791 | $22.02 |
Median Salary Position
11.05% below the national average
2026 Salary Percentile Distribution in Palm Bay
In Palm Bay, FL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $24,687 (2026 est.). At $26,996, the local median is 11.05% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Palm Bay: You'd be in the entry-level range
How Palm Bay Medical Billing and Coding Specialist Pay Compares
Palm Bay median: $26,996/year (2026)
| Compared To | Median Salary | Palm Bay Pays |
|---|---|---|
| Florida Average | $26,729 | +1.00% more |
| National Average | $30,349 | -11.05% less |
Medical Billing and Coding Specialists in Palm Bay, FL earn a median of $26,996 per year (2026 est.), which is 11.05% lower than the national median of $30,349 and 1.00% above the Florida state average of $26,729.
Cost-of-Living Adjusted Salary
Palm Bay has a cost of living 0.00% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Palm Bay, FL has a cost-of-living index of 100.005 (above the national average of 100). While the nominal salary of $26,996 is competitive, the higher cost of living reduces purchasing power to an effective $26,995 — a 0% reduction.
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2021 BLS Actual
$46,690
2025 BLS Actual
$26,384
2026 Current Est.
$26,996
2021–2027 Growth
+-40.8%
Salary Trajectory for Medical Billing and Coding Specialists in Palm Bay (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $46,690 | Actual |
| 2022 | $50,990 | Actual |
| 2023 | $49,610 | Actual |
| 2024 | $47,680 | Actual |
| 2025 | $26,384 | Actual |
| 2026(current) | $26,996 | Estimated |
| 2027 | $27,622 | Projected |
Based on 5 years of BLS OEWS data for the Palm Bay metropolitan area, the median medical billing and coding specialist salary grew -43.5% from $46,690 (2021) to $26,384 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $27,622 by 2027 — a total increase of $-19,068 (-40.84%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Palm Bay 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $21,104 – $21,940 |
| 3-5 years (Mid Career) | $21,940 – $26,996 |
| 5+ years (Experienced) | $26,996 – $37,322 |
| 10+ years (Top Earner) | $37,322 – $45,791 |
MBS salary ranges estimated from BLS percentile data. Individual medical billing and coding specialist compensation varies by employer, certifications, and specialization.
Medical Billing and Coding Specialist Job Market in Palm Bay
Employing around 390 medical billing and coding specialists, the Palm Bay job market showcases a stable demand for these roles. The cost of living index in Palm Bay stands just above the national average at 100.005, which can affect take-home purchasing power. Employers that tend to offer better compensation include hospital inpatient coding departments, physician group practice coding offices, and third-party coding companies that support remote work. The variation in pay can often be attributed to factors such as specialty focus—where inpatient coding typically pays more—credential attainment—like holding a CPC alongside CCS or CRC—and productivity bonuses offered by some employers. For those looking to maximize their compensation in Palm Bay, pursuing certifications and increasing expertise in high-demand specialties like HCC coding can be a strategic move, especially given the sector's trend toward remote work setups.
More salary data for Palm Bay, FL:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $26,384 for medical billing and coding specialistsin the Palm Bay metropolitan area. A 2.32% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
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