Medical Billing and Coding Specialist Salary in Algonquin, IL: $28,775 (2026)
Quick Answer:A full-time medical billing and coding specialist in Algonquin, IL earns a median $28,775/year (≈ $13.83/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Algonquin's price level (3% below national, BEA RPP 97.1), that paycheck buys what $29,634 would nationally. Nominal pay sits 3.0% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, a medical billing and coding specialist in Algonquin, IL, can expect a median annual salary of $28,775, which reflects a 5.19% dip compared to the national median of $30,349. The salary spectrum ranges from $20,284 at the 10th percentile to $44,602 at the 90th percentile, indicating variability based on factors such as specialty and employer type. These figures are derived from 2025 BLS data, projected to 2026, and adjusted for regional economic conditions. As medical coding increasingly requires certifications like CCS, CPC, and CRC, specialists skilled in inpatient coding typically command higher salaries compared to those focusing on outpatient settings or risk adjustment, which is becoming an important niche in the evolving healthcare landscape.
About the Algonquin Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $20,284 | $9.75 |
| Lower Range (P25) | $25,599 | $12.31 |
| Median (P50)(typical) | $28,775 | $13.83 |
| Upper Range (P75) | $36,517 | $17.56 |
| Top Earners (P90) | $44,602 | $21.45 |
Median Salary Position
5.19% below the national average
2026 Salary Percentile Distribution in Algonquin
In Algonquin, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $24,318 (2026 est.). At $28,775, the local median is 5.19% below the national median of $30,349.
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At 40 hours/week in Algonquin: You'd be in the lower-middle range
How Algonquin Medical Billing and Coding Specialist Pay Compares
Algonquin median: $28,775/year (2026)
| Compared To | Median Salary | Algonquin Pays |
|---|---|---|
| Illinois Average | $29,665 | -3.00% less |
| National Average | $30,349 | -5.19% less |
Medical Billing and Coding Specialists in Algonquin, IL earn a median of $28,775 per year (2026 est.), which is 5.19% lower than the national median of $30,349 and 3.00% below the Illinois state average of $29,665.
Cost-of-Living Adjusted Salary
Algonquin has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Algonquin, IL has a cost-of-living index of 97.1 (below the national average of 100). A medical billing and coding specialist earning $28,775 nominally has purchasing power equivalent to $29,634 in an average-cost city — an effective 2.99% boost.
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2021 BLS Actual
$25,659
2025 BLS Actual
$28,123
2026 Current Est.
$28,775
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Algonquin (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,659 | Actual |
| 2022 | $25,945 | Actual |
| 2023 | $26,825 | Actual |
| 2024 | $47,114 | Actual |
| 2025 | $28,123 | Actual |
| 2026(current) | $28,775 | Estimated |
| 2027 | $29,443 | Projected |
Based on 5 years of BLS OEWS data for the Algonquin metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,659 (2021) to $28,123 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,443 by 2027 — a total increase of $3,784 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Algonquin 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) | $20,284 – $25,599 |
| 3-5 years (Mid Career) | $25,599 – $28,775 |
| 5+ years (Experienced) | $28,775 – $36,517 |
| 10+ years (Top Earner) | $36,517 – $44,602 |
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 Algonquin
The local job market for medical billing and coding specialists in Algonquin is modest, with only five professionals currently employed in the field. The cost-of-living index, standing at 97.1, suggests a slightly decreased purchasing power compared to the national average, impacting the effective salary for those in this role. To maximize earnings, candidates should consider pursuing additional certifications and exploring roles in higher-paying environments—such as inpatient coding departments within hospitals or third-party coding firms offering remote opportunities. The disparities in compensation often relate to specialty focus, credentialing, the potential for productivity bonuses, and the flexibility of remote work. As demand for HCC and risk adjustment coding grows amid ongoing shifts in healthcare delivery, those positioning themselves with the right skills and credentials are more likely to secure competitive medical billing and coding specialist pay in Algonquin, IL.
More salary data for Algonquin, IL:
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 $28,123 for medical billing and coding specialistsin the Algonquin 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
Salary data for Algonquin 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