Medical Billing and Coding Specialist Salary in Andover, MN: $16,708 (2026)
Quick Answer:A full-time medical billing and coding specialist in Andover, MN earns a median $16,708/year (≈ $8.03/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Andover's price level (1% below national, BEA RPP 98.5), that paycheck buys what $16,962 would nationally. Nominal pay sits 3.6% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Andover, Minnesota, the estimated median annual salary for a medical billing and coding specialist is projected to be $16,708 in 2026. This figure reveals a notable pay gap compared to the national median of $30,349, highlighting the local market's realities. Salaries in Andover range from $13,035 at the 10th percentile to $25,897 at the 90th percentile, indicating a broad disparity in earnings that can be influenced by factors like specialty area and experience. Given the increasing demand for outpatient coding professionals and the robust growth of risk adjustment coding, understanding the nuances of the local job market is essential for aspiring coders in Andover and navigating their career paths effectively.
About the Andover Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $13,035 | $6.26 |
| Lower Range (P25) | $14,722 | $7.08 |
| Median (P50)(typical) | $16,708 | $8.03 |
| Upper Range (P75) | $21,066 | $10.13 |
| Top Earners (P90) | $25,897 | $12.45 |
Median Salary Position
44.95% below the national average
2026 Salary Percentile Distribution in Andover
In Andover, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $12,862 (2026 est.). At $16,708, the local median is 44.95% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Andover: You'd be in the lower-middle range
How Andover Medical Billing and Coding Specialist Pay Compares
Andover median: $16,708/year (2026)
| Compared To | Median Salary | Andover Pays |
|---|---|---|
| Minnesota Average | $17,332 | -3.60% less |
| National Average | $30,349 | -44.95% less |
Medical Billing and Coding Specialists in Andover, MN earn a median of $16,708 per year (2026 est.), which is 44.95% lower than the national median of $30,349 and 3.60% below the Minnesota state average of $17,332.
Cost-of-Living Adjusted Salary
Andover has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Andover, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $16,708 nominally has purchasing power equivalent to $16,962 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$14,899
2025 BLS Actual
$16,329
2026 Current Est.
$16,708
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Andover (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $14,899 | Actual |
| 2022 | $15,065 | Actual |
| 2023 | $15,575 | Actual |
| 2024 | $51,258 | Actual |
| 2025 | $16,329 | Actual |
| 2026(current) | $16,708 | Estimated |
| 2027 | $17,095 | Projected |
Based on 5 years of BLS OEWS data for the Andover metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $14,899 (2021) to $16,329 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,095 by 2027 — a total increase of $2,196 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Andover 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) | $13,035 – $14,722 |
| 3-5 years (Mid Career) | $14,722 – $16,708 |
| 5+ years (Experienced) | $16,708 – $21,066 |
| 10+ years (Top Earner) | $21,066 – $25,897 |
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 Andover
While the employment landscape for medical billing and coding specialists in Andover features only 8 professionals, it reflects focused opportunities in a small but steady market. The local cost of living index stands at 98.5, which can impact the actual take-home pay of these specialists, making competitive salaries crucial for financial stability. Notably, organizations such as hospital inpatient coding departments and third-party coding companies may offer some of the highest pay. The disparities in wages stem from a combination of factors, including specialization in inpatient coding (CCS), credential stacking, audit compliance projects, and productivity bonuses. Those looking to maximize their pay in Andover should consider enhancing their credentials through programs offered by AAPC and AHIMA, staying abreast of ICD-10-CM specifications, and exploring opportunities in the rapidly expanding HCC coding field, which continues to generate demand in the region.
More salary data for Andover, MN:
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 $16,329 for medical billing and coding specialistsin the Andover 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 Andover 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