Medical Billing and Coding Specialist Salary in Troy, MI: $28,436 (2026)
Quick Answer:A full-time medical billing and coding specialist in Troy, MI earns a median $28,436/year (≈ $13.67/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Troy's price level (7% below national, BEA RPP 93.2), that paycheck buys what $30,511 would nationally. Nominal pay sits 0.6% above the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, the median annual salary for a medical billing and coding specialist in Troy, Michigan is projected to be $28,436, which reflects a relatively modest difference compared to the national median of $30,349. Salary estimates range from $20,284 at the lower end to $44,075 for those in the highest percentile, showcasing the potential for variation based on experience and specialty. These figures are derived from BLS state-level data and regional price adjustments, reflecting the specific economic context of Troy. As local health systems evolve and adapt, positions within inpatient coding tend to offer higher pay compared to outpatient coding roles, which is crucial for job seekers to consider as they chart their career paths in this field.
About the Troy Market
Salary estimated from Michigan average ($48,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $20,284 | $9.75 |
| Lower Range (P25) | $23,753 | $11.42 |
| Median (P50)(typical) | $28,436 | $13.67 |
| Upper Range (P75) | $36,098 | $17.35 |
| Top Earners (P90) | $44,075 | $21.19 |
Median Salary Position
6.3% below the national average
2026 Salary Percentile Distribution in Troy
In Troy, MI, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $23,791 (2026 est.). At $28,436, the local median is 6.3% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Troy: You'd be in the lower-middle range
How Troy Medical Billing and Coding Specialist Pay Compares
Troy median: $28,436/year (2026)
| Compared To | Median Salary | Troy Pays |
|---|---|---|
| Michigan Average | $28,266 | +0.60% more |
| National Average | $30,349 | -6.30% less |
Medical Billing and Coding Specialists in Troy, MI earn a median of $28,436 per year (2026 est.), which is 6.30% lower than the national median of $30,349 and 0.60% above the Michigan state average of $28,266.
Cost-of-Living Adjusted Salary
Troy has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Troy, MI has a cost-of-living index of 93.2 (below the national average of 100). A medical billing and coding specialist earning $28,436 nominally has purchasing power equivalent to $30,511 in an average-cost city — an effective 7.3% boost.
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2021 BLS Actual
$25,356
2025 BLS Actual
$27,791
2026 Current Est.
$28,436
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Troy (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,356 | Actual |
| 2022 | $25,639 | Actual |
| 2023 | $26,509 | Actual |
| 2024 | $45,013 | Actual |
| 2025 | $27,791 | Actual |
| 2026(current) | $28,436 | Estimated |
| 2027 | $29,095 | Projected |
Based on 5 years of BLS OEWS data for the Troy metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,356 (2021) to $27,791 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,095 by 2027 — a total increase of $3,739 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Troy 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) | $20,284 – $23,753 |
| 3-5 years (Mid Career) | $23,753 – $28,436 |
| 5+ years (Experienced) | $28,436 – $36,098 |
| 10+ years (Top Earner) | $36,098 – $44,075 |
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 Troy
Currently, Troy employs around 20 medical billing and coding specialists, pointing to a localized job market that, although smaller, remains steady. The cost of living index in this region stands at 93.2, indicating that salaries may stretch further than in higher-cost areas, but also suggesting potential challenges in wage growth. Employers that generally offer the highest compensation often include hospital inpatient coding departments and specialized consulting firms, while third-party coding companies remain viable options, especially for remote work. Factors such as specialized credentials, particularly those that combine expertise in inpatient CCS and risk adjustment coding, contribute to a significant pay gap in the area. For those aiming to maximize their earnings in Troy, pursuing additional certifications and focusing on high-demand specialties—along with showcasing productivity through audit compliance metrics—can enhance negotiation power and improve overall marketability.
More salary data for Troy, MI:
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 $27,791 for medical billing and coding specialistsin the Troy 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 Troy 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