Medical Billing and Coding Specialist Salary in Marshalltown, IA: $28,100 (2026)
Quick Answer:A full-time medical billing and coding specialist in Marshalltown, IA earns a median $28,100/year (≈ $13.51/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Marshalltown's price level (10% below national, BEA RPP 90.4), that paycheck buys what $31,084 would nationally. Nominal pay sits 4.8% below the Iowa state average.
Based on BLS state-level estimates · View source
With a median annual salary of $28,100, medical billing and coding specialists in Marshalltown, IA, experience compensation lower than the national median of $30,349. The local salary range for this occupation extends from $21,384 at the 10th percentile to $42,923 at the 90th percentile, illustrating the disparity based on experience, specialty, and certification. These figures, derived from 2025 BLS OEWS data projected to 2026, highlight that employment roles in inpatient coding often command higher pay rates compared to outpatient settings. Given the current economic environment of Marshalltown, professionals must consider the competitive landscape of healthcare facilities and coding organizations, which shapes opportunity and compensation in this region.
About the Marshalltown Market
Salary estimated from Iowa average ($46,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $21,384 | $10.28 |
| Lower Range (P25) | $23,739 | $11.41 |
| Median (P50)(typical) | $28,100 | $13.51 |
| Upper Range (P75) | $35,086 | $16.87 |
| Top Earners (P90) | $42,923 | $20.64 |
Median Salary Position
7.41% below the national average
2026 Salary Percentile Distribution in Marshalltown
In Marshalltown, IA, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $21,539 (2026 est.). At $28,100, the local median is 7.41% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Marshalltown: You'd be in the lower-middle range
How Marshalltown Medical Billing and Coding Specialist Pay Compares
Marshalltown median: $28,100/year (2026)
| Compared To | Median Salary | Marshalltown Pays |
|---|---|---|
| Iowa Average | $29,517 | -4.80% less |
| National Average | $30,349 | -7.41% less |
Medical Billing and Coding Specialists in Marshalltown, IA earn a median of $28,100 per year (2026 est.), which is 7.41% lower than the national median of $30,349 and 4.80% below the Iowa state average of $29,517.
Cost-of-Living Adjusted Salary
Marshalltown has a cost of living 9.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Marshalltown, IA has a cost-of-living index of 90.4 (below the national average of 100). A medical billing and coding specialist earning $28,100 nominally has purchasing power equivalent to $31,084 in an average-cost city — an effective 10.62% boost.
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2021 BLS Actual
$25,057
2025 BLS Actual
$27,463
2026 Current Est.
$28,100
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Marshalltown (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,057 | Actual |
| 2022 | $25,336 | Actual |
| 2023 | $26,196 | Actual |
| 2024 | $39,606 | Actual |
| 2025 | $27,463 | Actual |
| 2026(current) | $28,100 | Estimated |
| 2027 | $28,752 | Projected |
Based on 5 years of BLS OEWS data for the Marshalltown metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,057 (2021) to $27,463 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $28,752 by 2027 — a total increase of $3,695 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Marshalltown 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) | $21,384 – $23,739 |
| 3-5 years (Mid Career) | $23,739 – $28,100 |
| 5+ years (Experienced) | $28,100 – $35,086 |
| 10+ years (Top Earner) | $35,086 – $42,923 |
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 Marshalltown
In Marshalltown, only eight medical billing and coding specialists are employed, indicating a fairly limited local job market. The cost of living index stands at 90.4, which suggests that although salaries may seem modest, they can still afford a reasonable standard of living in the area. Among employers, physician group practices and hospital inpatient coding departments usually offer the highest wages, while third-party coding companies and ambulatory surgery centers provide opportunities for flexibility, especially in remote roles. The variation in pay can be attributed to factors such as coding specialty, credential stacking, and productivity-based incentives like bonuses tied to hours of coding completed. For professionals looking to enhance their earning potential, gaining specialized certifications like CCS or CRC and pursuing roles that emphasize compliance and audit can make a significant difference in compensation within the Marshalltown job market.
More salary data for Marshalltown, IA:
Frequently Asked Questions
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Career Resources
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 $27,463 for medical billing and coding specialistsin the Marshalltown 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 Marshalltown 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