Medical Billing and Coding Specialist Salary in Hoffman Estates, IL: $29,543 (2026)
Quick Answer:A full-time medical billing and coding specialist in Hoffman Estates, IL earns a median $29,543/year (≈ $14.20/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Hoffman Estates's price level (3% below national, BEA RPP 97.1), that paycheck buys what $30,425 would nationally. Nominal pay sits 0.4% below the Illinois state average.
Based on BLS state-level estimates · View source
In Hoffman Estates, Illinois, medical billing and coding specialists can expect to earn a median annual salary of $29,543 in 2026. This figure places local compensation slightly below the national median of $30,349, reflecting regional pay trends. Salaries for professionals in this field range from a low of $20,601 to a high of $45,791, allowing for significant earnings potential depending on factors such as specialization and credentials. Local estimates are based on 2025 BLS data, adjusted for the regional cost of living. Those involved in inpatient coding (CCS) typically command higher salaries compared to their outpatient counterparts (CPC) and those working in risk adjustment roles. Such dynamics create an active job market for medical billing and coding specialists in Hoffman Estates, making it a competitive environment for both entry-level and advanced practitioners.
About the Hoffman Estates Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $20,601 | $9.90 |
| Lower Range (P25) | $24,322 | $11.70 |
| Median (P50)(typical) | $29,543 | $14.20 |
| Upper Range (P75) | $37,150 | $17.87 |
| Top Earners (P90) | $45,791 | $22.02 |
Median Salary Position
2.66% below the national average
2026 Salary Percentile Distribution in Hoffman Estates
In Hoffman Estates, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $25,190 (2026 est.). At $29,543, the local median is 2.66% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Hoffman Estates: You'd be in the lower-middle range
How Hoffman Estates Medical Billing and Coding Specialist Pay Compares
Hoffman Estates median: $29,543/year (2026)
| Compared To | Median Salary | Hoffman Estates Pays |
|---|---|---|
| Illinois Average | $29,661 | -0.40% less |
| National Average | $30,349 | -2.66% less |
Medical Billing and Coding Specialists in Hoffman Estates, IL earn a median of $29,543 per year (2026 est.), which is 2.66% lower than the national median of $30,349 and 0.40% below the Illinois state average of $29,661.
Cost-of-Living Adjusted Salary
Hoffman Estates 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.
Hoffman Estates, IL has a cost-of-living index of 97.1 (below the national average of 100). A medical billing and coding specialist earning $29,543 nominally has purchasing power equivalent to $30,425 in an average-cost city — an effective 2.99% boost.
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2021 BLS Actual
$26,344
2025 BLS Actual
$28,873
2026 Current Est.
$29,543
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Hoffman Estates (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $26,344 | Actual |
| 2022 | $26,637 | Actual |
| 2023 | $27,541 | Actual |
| 2024 | $48,370 | Actual |
| 2025 | $28,873 | Actual |
| 2026(current) | $29,543 | Estimated |
| 2027 | $30,228 | Projected |
Based on 5 years of BLS OEWS data for the Hoffman Estates metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $26,344 (2021) to $28,873 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $30,228 by 2027 — a total increase of $3,884 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Hoffman Estates 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) | $20,601 – $24,322 |
| 3-5 years (Mid Career) | $24,322 – $29,543 |
| 5+ years (Experienced) | $29,543 – $37,150 |
| 10+ years (Top Earner) | $37,150 – $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 Hoffman Estates
Local employment opportunities show that only eight medical billing and coding specialists currently work in Hoffman Estates, creating a niche market. With a cost-of-living index of 97.1, professionals in this area may find their take-home pay has slightly more purchasing power compared to other regions. Employers such as hospital inpatient coding departments and physician group practices tend to offer the most competitive salaries, especially for those holding multiple certifications and who specialize in high-demand areas like risk adjustment coding. Factors that contribute to salary variation include specialty and certification stacking—combining credentials like CPC with CCS or CRC can elevate one's marketability. Additional pay can also come in the form of bonuses based on productivity metrics. For those looking to maximize their earnings in Hoffman Estates, focusing on specialized training, including HCC and risk adjustment, while staying current with coding updates in ICD-10-CM and CPT, is wise.
More salary data for Hoffman Estates, 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 $28,873 for medical billing and coding specialistsin the Hoffman Estates 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 Hoffman Estates 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