Medical Billing and Coding Specialist Salary in Florence, KY: $26,854 (2026)
Quick Answer:A full-time medical billing and coding specialist in Florence, KY earns a median $26,854/year (โ $12.91/hour) in nominal terms for 2026 โ projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Florence's price level (11% below national, BEA RPP 89.3), that paycheck buys what $30,072 would nationally. Nominal pay sits 0.9% below the Kentucky state average.
Based on BLS state-level estimates ยท View source

In 2026, the median annual salary for a medical billing and coding specialist in Florence, Kentucky is projected to be $26,854, reflecting a significant gap when compared to the national median of $30,349. This compensation aligns well within a broader salary range of $19,979 at the lowest decile to $40,548 at the highest. Local estimates derived from BLS state-level data and regional price adjustments highlight how market dynamics can drive these figures. While Florence offers opportunities in this field, particularly for specialties involving inpatient coding or risk adjustment, the overall compensation still falls short of the national benchmarks, illustrating the specific market conditions and the need for local professionals to enhance their skills and credentials.
About the Florence Market
Salary estimated from Kentucky average ($44,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $19,979 | $9.61 |
| Lower Range (P25) | $22,945 | $11.03 |
| Median (P50)(typical) | $26,854 | $12.91 |
| Upper Range (P75) | $33,162 | $15.94 |
| Top Earners (P90) | $40,548 | $19.49 |
Median Salary Position
11.52% below the national average
2026 Salary Percentile Distribution in Florence
In Florence, KY, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $20,569 (2026 est.). At $26,854, the local median is 11.52% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Florence: You'd be in the lower-middle range
How Florence Medical Billing and Coding Specialist Pay Compares
Florence median: $26,854/year (2026)
| Compared To | Median Salary | Florence Pays |
|---|---|---|
| Kentucky Average | $27,098 | -0.90% less |
| National Average | $30,349 | -11.52% less |
Medical Billing and Coding Specialists in Florence, KY earn a median of $26,854 per year (2026 est.), which is 11.52% lower than the national median of $30,349 and 0.90% below the Kentucky state average of $27,098.
Cost-of-Living Adjusted Salary
Florence has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal ร (100 / CoL index). CoL index: 100 = national average.
Florence, KY has a cost-of-living index of 89.3 (below the national average of 100). A medical billing and coding specialist earning $26,854 nominally has purchasing power equivalent to $30,072 in an average-cost city โ an effective 11.98% boost.
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2021 BLS Actual
$23,946
2025 BLS Actual
$26,245
2026 Current Est.
$26,854
2021โ2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Florence (2021โ2027)
2021โ2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $23,946 | Actual |
| 2022 | $24,213 | Actual |
| 2023 | $25,034 | Actual |
| 2024 | $38,935 | Actual |
| 2025 | $26,245 | Actual |
| 2026(current) | $26,854 | Estimated |
| 2027 | $27,477 | Projected |
Based on 5 years of BLS OEWS data for the Florence metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $23,946 (2021) to $26,245 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $27,477 by 2027 โ a total increase of $3,531 (14.75%) from 2021.
Note: Historical values (2021โ2025) are actual BLS OEWS figures for the Florence metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026โ2026 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) | $19,979 โ $22,945 |
| 3-5 years (Mid Career) | $22,945 โ $26,854 |
| 5+ years (Experienced) | $26,854 โ $33,162 |
| 10+ years (Top Earner) | $33,162 โ $40,548 |
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 Florence
With only seven medical billing and coding specialists employed in Florence, the market reflects a compact yet competitive environment. The cost-of-living index at 89.3 indicates that salaries might stretch further than in regions with higher living costs, offering a potentially better quality of life despite lower wages. Employers in Florence range from physician group practices to coder roles in hospital settings and work-from-home third-party companies, with inpatient coding often commanding higher pay. The disparity in earnings often stems from differences in coding specialties, where inpatient CCS positions tend to pay significantly more than outpatient roles. As risk adjustment coding grows, enhancing credentials through AAPC or AHIMA certifications could present further financial benefits. Those seeking to maximize their pay should consider pursuing additional certifications, seeking remote work opportunities, and positioning themselves in high-demand specialties to improve their earning potential in Florence, KY.
More salary data for Florence, KY:
Frequently Asked Questions
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Can medical billing and coding specialists make $100K in Florence?
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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 $26,245 for medical billing and coding specialistsin the Florence 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 (P10โP90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Florence 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. ยท View source data at BLS.gov