Medical Billing and Coding Specialist Salary in Peoria, IL: $29,590 (2026)
Quick Answer:A full-time medical billing and coding specialist in Peoria, IL earns a median $29,590/year (≈ $14.22/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Peoria's price level (9% below national, BEA RPP 91.2), that paycheck buys what $32,434 would nationally. Nominal pay sits 0.2% below the Illinois state average.
Official BLS data · View source
In 2026, a medical billing and coding specialist salary in Peoria, Illinois, is projected to reach a median of $29,590, slightly below the national median of $30,349. The salary range for specialists in this field spans from $22,439 at the 10th percentile to $44,361 at the 90th percentile, indicating a diverse pay scale influenced by various coding specialties. Professional roles in inpatient settings (CCS) tend to offer higher compensation compared to outpatient coding (CPC) or risk adjustment/more specialized roles (HCC). These projections are based on 2025 BLS OEWS data, which provides insights into local employment trends and compensation structures, crucial for coders looking to maximize their earning potential in Peoria's healthcare environment.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,439 | $10.78 |
| Lower Range (P25) | $26,979 | $12.97 |
| Median (P50)(typical) | $29,590 | $14.22 |
| Upper Range (P75) | $35,792 | $17.20 |
| Top Earners (P90) | $44,361 | $21.33 |
Median Salary Position
2.5% below the national average
2026 Salary Percentile Distribution in Peoria
In Peoria, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $21,922 (2026 est.). At $29,590, the local median is 2.5% below the national median of $30,349.
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At 40 hours/week in Peoria: You'd be in the lower-middle range
How Peoria Medical Billing and Coding Specialist Pay Compares
Peoria median: $29,590/year (2026)
| Compared To | Median Salary | Peoria Pays |
|---|---|---|
| Illinois Average | $29,649 | -0.20% less |
| National Average | $30,349 | -2.50% less |
Medical Billing and Coding Specialists in Peoria, IL earn a median of $29,590 per year (2026 est.), which is 2.50% lower than the national median of $30,349 and 0.20% below the Illinois state average of $29,649.
Cost-of-Living Adjusted Salary
Peoria has a cost of living 8.77% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Peoria, IL has a cost-of-living index of 91.231 (below the national average of 100). A medical billing and coding specialist earning $29,590 nominally has purchasing power equivalent to $32,434 in an average-cost city — an effective 9.61% boost.
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2021 BLS Actual
$37,070
2025 BLS Actual
$28,919
2026 Current Est.
$29,590
2021–2027 Growth
+-18.3%
Salary Trajectory for Medical Billing and Coding Specialists in Peoria (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $37,070 | Actual |
| 2022 | $38,570 | Actual |
| 2023 | $54,060 | Actual |
| 2024 | $48,120 | Actual |
| 2025 | $28,919 | Actual |
| 2026(current) | $29,590 | Estimated |
| 2027 | $30,276 | Projected |
Based on 5 years of BLS OEWS data for the Peoria metropolitan area, the median medical billing and coding specialist salary grew -22.0% from $37,070 (2021) to $28,919 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $30,276 by 2027 — a total increase of $-6,794 (-18.33%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Peoria 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) | $22,439 – $26,979 |
| 3-5 years (Mid Career) | $26,979 – $29,590 |
| 5+ years (Experienced) | $29,590 – $35,792 |
| 10+ years (Top Earner) | $35,792 – $44,361 |
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 Peoria
The job market for medical billing and coding specialists in Peoria consists of around 230 employed professionals, presenting a firm base for employment opportunities. The cost of living in Peoria, with a cost-of-living index of 91.231, offers a relatively favorable environment for those entering this field. Employers that typically offer higher wages include physician group practices, hospital inpatient coding departments, and third-party coding companies that provide remote work options. Factors contributing to the variance in pay include required competencies in various coding disciplines as well as credential stacking—such as obtaining CPC, CCS, and CRC certifications—which commands a premium. Additionally, productivity bonuses can significantly augment earnings, especially for those skilled in navigating chart audits efficiently. For coders in Peoria, enhancing their credentials through continued education, such as AAPC or AHIMA certifications, and staying current with ICD-10-CM and CPT updates will be key strategies in maximizing their pay in this evolving job market.
More salary data for Peoria, 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 $28,919 for medical billing and coding specialistsin the Peoria 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