Medical Billing and Coding Specialist Salary in Hastings, MN: $16,519 (2026)
Quick Answer:A full-time medical billing and coding specialist in Hastings, MN earns a median $16,519/year (≈ $7.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Hastings's price level (1% below national, BEA RPP 98.5), that paycheck buys what $16,771 would nationally. Nominal pay sits 4.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Hastings, Minnesota, the medical billing and coding specialist salary for 2026 is projected at $16,519 per year, a considerable gap compared to the national median of $30,349. The local salary range spans from $12,456 at the lower end (P10) to $24,489 at the higher end (P90), contrasting sharply with the earnings available nationwide. These figures are derived from 2025 BLS OEWS data and reflect regional cost adjustments, particularly relevant as remote work has expanded the geographic compensation landscape for this profession. While the local labor market has room for growth, job prospects remain relatively limited, with only five medical billing and coding specialists currently employed in Hastings.
About the Hastings Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $12,456 | $5.99 |
| Lower Range (P25) | $14,174 | $6.81 |
| Median (P50)(typical) | $16,519 | $7.94 |
| Upper Range (P75) | $20,278 | $9.75 |
| Top Earners (P90) | $24,489 | $11.78 |
Median Salary Position
45.57% below the national average
2026 Salary Percentile Distribution in Hastings
In Hastings, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $12,033 (2026 est.). At $16,519, the local median is 45.57% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Hastings: You'd be in the lower-middle range
How Hastings Medical Billing and Coding Specialist Pay Compares
Hastings median: $16,519/year (2026)
| Compared To | Median Salary | Hastings Pays |
|---|---|---|
| Minnesota Average | $17,333 | -4.70% less |
| National Average | $30,349 | -45.57% less |
Medical Billing and Coding Specialists in Hastings, MN earn a median of $16,519 per year (2026 est.), which is 45.57% lower than the national median of $30,349 and 4.70% below the Minnesota state average of $17,333.
Cost-of-Living Adjusted Salary
Hastings 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.
Hastings, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $16,519 nominally has purchasing power equivalent to $16,771 in an average-cost city — an effective 1.53% boost.
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2021 BLS Actual
$14,730
2025 BLS Actual
$16,144
2026 Current Est.
$16,519
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Hastings (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $14,730 | Actual |
| 2022 | $14,894 | Actual |
| 2023 | $15,399 | Actual |
| 2024 | $50,677 | Actual |
| 2025 | $16,144 | Actual |
| 2026(current) | $16,519 | Estimated |
| 2027 | $16,902 | Projected |
Based on 5 years of BLS OEWS data for the Hastings metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $14,730 (2021) to $16,144 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $16,902 by 2027 — a total increase of $2,172 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Hastings 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) | $12,456 – $14,174 |
| 3-5 years (Mid Career) | $14,174 – $16,519 |
| 5+ years (Experienced) | $16,519 – $20,278 |
| 10+ years (Top Earner) | $20,278 – $24,489 |
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 Hastings
Focusing on the local job market, Hastings exhibits a cost-of-living index of 98.5, which means that take-home pay is somewhat more manageable compared to the national average. Professionals seeking better compensation should target employment in higher-paying sectors such as hospital inpatient coding departments or consulting firms, where roles may offer productivity bonuses or more specialized job functions. The disparity in pay can be attributed to various factors, including the level of specialization (inpatient coding generally yields higher compensation), credential stacking (holding multiple certifications like CPC and CCS), and the choice between remote and in-office work settings. As coding continues to adapt to advancements like ICD-10-CM updates and a growing focus on risk adjustment coding, specialists in Hastings may benefit from pursuing additional qualifications and networking within local medical facilities to enhance their earning potential and increase career growth opportunities in this evolving field.
More salary data for Hastings, 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 $16,144 for medical billing and coding specialistsin the Hastings 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 Hastings 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