Medical Billing and Coding Specialist Salary in Greenwood, IN: $28,144 (2026)
Quick Answer:A full-time medical billing and coding specialist in Greenwood, IN earns a median $28,144/year (≈ $13.53/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Greenwood's price level (9% below national, BEA RPP 91.3), that paycheck buys what $30,826 would nationally. Nominal pay sits 1.9% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, medical billing and coding specialists in Greenwood, Indiana, are projected to earn a median annual salary of $28,144, which falls below the national median of $30,349. The salary range for this role varies significantly, spanning from $20,656 at the 10th percentile to $43,623 at the 90th percentile. These figures, derived from 2025 BLS data and adjusted for regional cost factors, highlight the financial variability within this profession. Credential stacking plays a pivotal role in enhancing earning potential, as specialists with multiple certifications, such as CPC, CCS, and CRC, can command higher salaries. As Greenwood's job market unfolds, the demand for skilled coders remains steady, emphasizing the importance of ongoing education and certification in a field that is evolving rapidly.
About the Greenwood Market
Salary estimated from Indiana average ($46,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $20,656 | $9.94 |
| Lower Range (P25) | $23,944 | $11.51 |
| Median (P50)(typical) | $28,144 | $13.53 |
| Upper Range (P75) | $36,025 | $17.32 |
| Top Earners (P90) | $43,623 | $20.98 |
Median Salary Position
7.27% below the national average
2026 Salary Percentile Distribution in Greenwood
In Greenwood, IN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,967 (2026 est.). At $28,144, the local median is 7.27% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Greenwood: You'd be in the lower-middle range
How Greenwood Medical Billing and Coding Specialist Pay Compares
Greenwood median: $28,144/year (2026)
| Compared To | Median Salary | Greenwood Pays |
|---|---|---|
| Indiana Average | $28,689 | -1.90% less |
| National Average | $30,349 | -7.27% less |
Medical Billing and Coding Specialists in Greenwood, IN earn a median of $28,144 per year (2026 est.), which is 7.27% lower than the national median of $30,349 and 1.90% below the Indiana state average of $28,689.
Cost-of-Living Adjusted Salary
Greenwood has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Greenwood, IN has a cost-of-living index of 91.3 (below the national average of 100). A medical billing and coding specialist earning $28,144 nominally has purchasing power equivalent to $30,826 in an average-cost city — an effective 9.53% boost.
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2021 BLS Actual
$25,096
2025 BLS Actual
$27,506
2026 Current Est.
$28,144
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Greenwood (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,096 | Actual |
| 2022 | $25,376 | Actual |
| 2023 | $26,237 | Actual |
| 2024 | $40,715 | Actual |
| 2025 | $27,506 | Actual |
| 2026(current) | $28,144 | Estimated |
| 2027 | $28,797 | Projected |
Based on 5 years of BLS OEWS data for the Greenwood metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,096 (2021) to $27,506 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $28,797 by 2027 — a total increase of $3,701 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Greenwood 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) | $20,656 – $23,944 |
| 3-5 years (Mid Career) | $23,944 – $28,144 |
| 5+ years (Experienced) | $28,144 – $36,025 |
| 10+ years (Top Earner) | $36,025 – $43,623 |
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 Greenwood
The job market for medical billing and coding specialists in Greenwood is shaped by the presence of approximately 15 individuals currently employed in this capacity. With a cost-of-living index of 91.3, take-home pay here offers a slightly more favorable purchasing power compared to many regions in the U.S. High-paying opportunities may be found at physician group practices, hospital inpatient coding departments, and third-party coding companies offering remote work options. The spread between low and high earnings often stems from factors such as specialty focus, such as inpatient coding (CCS) versus risk adjustment coding (CRC), as well as the impact of additional credentials. To maximize their pay, coders should consider pursuing advanced certifications and areas in high demand like risk adjustment and HCC coding, along with seeking out productivity-based positions that reward efficiency. This strategic approach can enhance career advancement and financial rewards for specialists in Greenwood, IN.
More salary data for Greenwood, IN:
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 $27,506 for medical billing and coding specialistsin the Greenwood 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 Greenwood 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