Medical Billing and Coding Specialist Salary in Park Ridge, IL: $28,510 (2026)
Quick Answer:A full-time medical billing and coding specialist in Park Ridge, IL earns a median $28,510/year (≈ $13.71/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Park Ridge's price level (3% below national, BEA RPP 97.1), that paycheck buys what $29,361 would nationally. Nominal pay sits 3.9% below the Illinois state average.
Based on BLS state-level estimates · View source
In Park Ridge, Illinois, the projected median annual salary for a medical billing and coding specialist in 2026 stands at $28,510, reflecting a competitive landscape within this profession. The salary range in the area varies significantly, with the lowest 10% earning $22,137 and the highest 90% bringing in up to $44,139. These figures, derived from 2025 BLS data and adjusted for local costs of living, indicate a nuanced job market for coding specialists. For those considering certification paths, earning credentials like the CPC, CCS, or CRC may enhance lifetime earnings, given the diverse roles and responsibilities in various healthcare settings.
About the Park Ridge Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,137 | $10.64 |
| Lower Range (P25) | $25,044 | $12.04 |
| Median (P50)(typical) | $28,510 | $13.71 |
| Upper Range (P75) | $34,800 | $16.73 |
| Top Earners (P90) | $44,139 | $21.22 |
Median Salary Position
6.06% below the national average
2026 Salary Percentile Distribution in Park Ridge
In Park Ridge, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,002 (2026 est.). At $28,510, the local median is 6.06% below the national median of $30,349.
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At 40 hours/week in Park Ridge: You'd be in the lower-middle range
How Park Ridge Medical Billing and Coding Specialist Pay Compares
Park Ridge median: $28,510/year (2026)
| Compared To | Median Salary | Park Ridge Pays |
|---|---|---|
| Illinois Average | $29,667 | -3.90% less |
| National Average | $30,349 | -6.06% less |
Medical Billing and Coding Specialists in Park Ridge, IL earn a median of $28,510 per year (2026 est.), which is 6.06% lower than the national median of $30,349 and 3.90% below the Illinois state average of $29,667.
Cost-of-Living Adjusted Salary
Park Ridge 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.
Park Ridge, IL has a cost-of-living index of 97.1 (below the national average of 100). A medical billing and coding specialist earning $28,510 nominally has purchasing power equivalent to $29,361 in an average-cost city — an effective 2.98% boost.
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2021 BLS Actual
$25,423
2025 BLS Actual
$27,864
2026 Current Est.
$28,510
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Park Ridge (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,423 | Actual |
| 2022 | $25,706 | Actual |
| 2023 | $26,578 | Actual |
| 2024 | $46,681 | Actual |
| 2025 | $27,864 | Actual |
| 2026(current) | $28,510 | Estimated |
| 2027 | $29,172 | Projected |
Based on 5 years of BLS OEWS data for the Park Ridge metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,423 (2021) to $27,864 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,172 by 2027 — a total increase of $3,749 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Park Ridge 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) | $22,137 – $25,044 |
| 3-5 years (Mid Career) | $25,044 – $28,510 |
| 5+ years (Experienced) | $28,510 – $34,800 |
| 10+ years (Top Earner) | $34,800 – $44,139 |
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 Park Ridge
The job market in Park Ridge includes a modest pool of just seven medical billing and coding specialists, illustrating a concentrated but potentially competitive field. With a cost-of-living index of 97.1, professionals may find their purchasing power impacted, making salary negotiations especially fruitful in this context. Employers offering the best medical billing and coding specialist pay in Park Ridge IL are often found in physician group practices and hospital coding departments, where higher pay reflects the complexity of inpatient coding compared to outpatient work. Factors contributing to salary differences include the demand for specific coding specialties, credential stacking, and the potential for productivity bonuses based on the volume of charts processed. Positioning oneself strategically by obtaining credentials and being adaptable to remote work dynamics can enhance earnings in this evolving field, especially with the rising significance of risk adjustment coding.
More salary data for Park Ridge, 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 $27,864 for medical billing and coding specialistsin the Park Ridge 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 Park Ridge 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