Medical Billing and Coding Specialist Salary in Mankato, MN: $31,477 (2026)
Quick Answer:A full-time medical billing and coding specialist in Mankato, MN earns a median $31,477/year (≈ $15.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Mankato's price level (9% below national, BEA RPP 91.0), that paycheck buys what $34,607 would nationally. Nominal pay sits 81.5% above the Minnesota state average.
Official BLS data · View source
In Mankato, Minnesota, the average annual compensation for medical billing and coding specialists is projected to be $31,477 in 2026, which slightly exceeds the national median of $30,349 for this occupation. The salary range for professionals in this field varies, starting from $28,617 at the 10th percentile to as high as $58,413 at the 90th percentile, according to estimates based on 2025 BLS OEWS data, projected to 2026. Given the shift towards remote work, candidates can now consider opportunities beyond their local market, creating a broader employment landscape for these specialists. The presence of approximately 50 medical billing and coding specialists in Mankato suggests a stable yet competitive job market, presenting various opportunities for career advancement.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,617 | $13.75 |
| Lower Range (P25) | $29,097 | $13.99 |
| Median (P50)(typical) | $31,477 | $15.13 |
| Upper Range (P75) | $38,533 | $18.53 |
| Top Earners (P90) | $58,413 | $28.09 |
Median Salary Position
3.72% above the national average
2026 Salary Percentile Distribution in Mankato
In Mankato, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $29,796 (2026 est.). At $31,477, the local median is 3.72% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Mankato: You'd be in the entry-level range
How Mankato Medical Billing and Coding Specialist Pay Compares
Mankato median: $31,477/year (2026)
| Compared To | Median Salary | Mankato Pays |
|---|---|---|
| Minnesota Average | $17,343 | +81.50% more |
| National Average | $30,349 | +3.72% more |
Medical Billing and Coding Specialists in Mankato, MN earn a median of $31,477 per year (2026 est.), which is 3.72% higher than the national median of $30,349 and 81.50% above the Minnesota state average of $17,343.
Cost-of-Living Adjusted Salary
Mankato has a cost of living 9.05% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mankato, MN has a cost-of-living index of 90.955 (below the national average of 100). A medical billing and coding specialist earning $31,477 nominally has purchasing power equivalent to $34,607 in an average-cost city — an effective 9.94% boost.
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2021 BLS Actual
$47,340
2025 BLS Actual
$30,763
2026 Current Est.
$31,477
2021–2027 Growth
+-32.0%
Salary Trajectory for Medical Billing and Coding Specialists in Mankato (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $47,340 | Actual |
| 2022 | $51,270 | Actual |
| 2023 | $49,270 | Actual |
| 2024 | $51,180 | Actual |
| 2025 | $30,763 | Actual |
| 2026(current) | $31,477 | Estimated |
| 2027 | $32,207 | Projected |
Based on 5 years of BLS OEWS data for the Mankato metropolitan area, the median medical billing and coding specialist salary grew -35.0% from $47,340 (2021) to $30,763 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $32,207 by 2027 — a total increase of $-15,133 (-31.97%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Mankato 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) | $28,617 – $29,097 |
| 3-5 years (Mid Career) | $29,097 – $31,477 |
| 5+ years (Experienced) | $31,477 – $38,533 |
| 10+ years (Top Earner) | $38,533 – $58,413 |
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 Mankato
The job market for medical billing and coding specialists in Mankato reflects a cost-of-living index of 90.955, indicating a slightly lower living expense compared to the national average. This favorable index enhances the purchasing power of local professionals, making the medical billing and coding specialist pay in Mankato MN quite appealing. Employers across diverse sectors, including hospital inpatient coding departments and outpatient surgery centers, tend to offer varying pay scales, with those specializing in inpatient coding or holding additional credentials often securing higher salaries. Factors contributing to this wage disparity include coding specializations, such as outpatient versus inpatient roles, and experience with compliance and audit processes. To maximize earning potential, aspiring coders should focus on obtaining certifications from AAPC or AHIMA, continuously update their skills with the latest coding practices, and consider roles that enable remote work opportunities, as these aspects can significantly impact salary outcomes in the Mankato market.
More salary data for Mankato, MN:
Frequently Asked Questions
How much do medical billing and coding specialists make in Mankato, MN in 2026?
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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 $30,763 for medical billing and coding specialistsin the Mankato 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
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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