Medical Billing and Coding Specialist Salary in Carpentersville, IL: $28,914 (2026)
Quick Answer:A full-time medical billing and coding specialist in Carpentersville, IL earns a median $28,914/year (≈ $13.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Carpentersville's price level (3% below national, BEA RPP 97.1), that paycheck buys what $29,778 would nationally. Nominal pay sits 2.5% below the Illinois state average.
Based on BLS state-level estimates · View source
For 2026, medical billing and coding specialists in Carpentersville, Illinois, can expect a median annual salary of $28,914, which is slightly below the national median of $30,349. This local salary reflects a range from $22,247 at the lower end (P10) to $44,816 at the upper end (P90), indicating significant variation based on experience and specialization. Estimates derived from 2025 BLS data and regional cost adjustments show that local salaries are closely linked to specific coding roles. Inpatient coders, such as Certified Coding Specialists (CCS), typically earn more than outpatient coders and those working in risk adjustment, highlighting the financial benefits of pursuing credential stacking and specialized certifications within this field.
About the Carpentersville Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,247 | $10.69 |
| Lower Range (P25) | $25,248 | $12.14 |
| Median (P50)(typical) | $28,914 | $13.91 |
| Upper Range (P75) | $36,856 | $17.72 |
| Top Earners (P90) | $44,816 | $21.55 |
Median Salary Position
4.73% below the national average
2026 Salary Percentile Distribution in Carpentersville
In Carpentersville, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,569 (2026 est.). At $28,914, the local median is 4.73% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Carpentersville: You'd be in the lower-middle range
How Carpentersville Medical Billing and Coding Specialist Pay Compares
Carpentersville median: $28,914/year (2026)
| Compared To | Median Salary | Carpentersville Pays |
|---|---|---|
| Illinois Average | $29,655 | -2.50% less |
| National Average | $30,349 | -4.73% less |
Medical Billing and Coding Specialists in Carpentersville, IL earn a median of $28,914 per year (2026 est.), which is 4.73% lower than the national median of $30,349 and 2.50% below the Illinois state average of $29,655.
Cost-of-Living Adjusted Salary
Carpentersville 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.
Carpentersville, IL has a cost-of-living index of 97.1 (below the national average of 100). A medical billing and coding specialist earning $28,914 nominally has purchasing power equivalent to $29,778 in an average-cost city — an effective 2.99% boost.
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2021 BLS Actual
$25,783
2025 BLS Actual
$28,258
2026 Current Est.
$28,914
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Carpentersville (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,783 | Actual |
| 2022 | $26,070 | Actual |
| 2023 | $26,954 | Actual |
| 2024 | $47,340 | Actual |
| 2025 | $28,258 | Actual |
| 2026(current) | $28,914 | Estimated |
| 2027 | $29,584 | Projected |
Based on 5 years of BLS OEWS data for the Carpentersville metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,783 (2021) to $28,258 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,584 by 2027 — a total increase of $3,801 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Carpentersville 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) | $22,247 – $25,248 |
| 3-5 years (Mid Career) | $25,248 – $28,914 |
| 5+ years (Experienced) | $28,914 – $36,856 |
| 10+ years (Top Earner) | $36,856 – $44,816 |
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 Carpentersville
The job market in Carpentersville features eight employed medical billing and coding specialists, demonstrating a niche environment where competition may be lower than in larger cities. The cost of living index stands at 97.1, suggesting that take-home purchasing power for coders may be impacted by local expenses. Employers that pay the most include hospitals with inpatient coding departments and physician group practice coding offices, as these roles often require more expertise and an understanding of complex coding guidelines. The disparity in pay often relates to the demands of specific specialties and the addition of credentials, such as Certified Risk Adjustment Coder (CRC) or Certified Professional Coder (CPC). To maximize earning potential, specialists should focus on building their resume with various certifications, considering remote work opportunities that can enhance workload flexibility and productivity bonuses.
More salary data for Carpentersville, 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 $28,258 for medical billing and coding specialistsin the Carpentersville 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 Carpentersville 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