Medical Billing and Coding Specialist Salary in Minneapolis, MN: $36,693 (2026)
Quick Answer:A full-time medical billing and coding specialist in Minneapolis, MN earns a median $36,693/year (≈ $17.64/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Minneapolis's price level (5% above national, BEA RPP 104.8), that paycheck buys what $35,005 would nationally. Nominal pay sits 111.6% above the Minnesota state average.
Official BLS data · View source
In 2026, medical billing and coding specialists in Minneapolis, Minnesota, are projected to earn a median annual salary of $36,693, which notably surpasses the national median of $30,349 by approximately 20.90%. The salary range for this role in the area is expected to vary significantly, with those in the 10th percentile earning around $28,706, while top performers can make up to $58,064. This data, derived from 2025 BLS OEWS surveys, reflects the increased flexibility in the job market due to the remote work standard adopted since the pandemic, allowing professionals in Minneapolis to compete for positions that may be geographically distant. This evolving landscape has created a substantial opportunity for candidates to pursue roles with higher compensation.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,706 | $13.80 |
| Lower Range (P25) | $29,893 | $14.37 |
| Median (P50)(typical) | $36,693 | $17.64 |
| Upper Range (P75) | $43,952 | $21.13 |
| Top Earners (P90) | $58,064 | $27.91 |
Median Salary Position
20.90% above the national average
2026 Salary Percentile Distribution in Minneapolis
In Minneapolis, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $29,358 (2026 est.). At $36,693, the local median is 20.9% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Minneapolis: You'd be in the lower-middle range
How Minneapolis Medical Billing and Coding Specialist Pay Compares
Minneapolis median: $36,693/year (2026)
| Compared To | Median Salary | Minneapolis Pays |
|---|---|---|
| Minnesota Average | $17,341 | +111.60% more |
| National Average | $30,349 | +20.90% more |
Medical Billing and Coding Specialists in Minneapolis, MN earn a median of $36,693 per year (2026 est.), which is 20.90% higher than the national median of $30,349 and 111.60% above the Minnesota state average of $17,341.
Cost-of-Living Adjusted Salary
Minneapolis has a cost of living 4.82% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Minneapolis, MN has a cost-of-living index of 104.822 (above the national average of 100). While the nominal salary of $36,693 is competitive, the higher cost of living reduces purchasing power to an effective $35,005 — a 4.6% reduction.
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2021 BLS Actual
$59,080
2025 BLS Actual
$35,861
2026 Current Est.
$36,693
2021–2027 Growth
+-36.5%
Salary Trajectory for Medical Billing and Coding Specialists in Minneapolis (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $59,080 | Actual |
| 2022 | $59,750 | Actual |
| 2023 | $61,680 | Actual |
| 2024 | $61,300 | Actual |
| 2025 | $35,861 | Actual |
| 2026(current) | $36,693 | Estimated |
| 2027 | $37,544 | Projected |
Based on 5 years of BLS OEWS data for the Minneapolis metropolitan area, the median medical billing and coding specialist salary grew -39.3% from $59,080 (2021) to $35,861 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $37,544 by 2027 — a total increase of $-21,536 (-36.45%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Minneapolis 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) | $28,706 – $29,893 |
| 3-5 years (Mid Career) | $29,893 – $36,693 |
| 5+ years (Experienced) | $36,693 – $43,952 |
| 10+ years (Top Earner) | $43,952 – $58,064 |
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 Minneapolis
The job market for medical billing and coding specialists remains robust in Minneapolis, with approximately 1,840 specialists currently employed in the region. However, the cost of living index, standing at 104.822, indicates that while salaries are competitive, they need to accommodate the slightly higher living expenses in the area. Among local employers, physician group practices and hospital inpatient coding departments typically offer some of the highest salaries, especially for specialists with advanced credentials. Factors that influence salary discrepancies include the specific coding specialties—such as inpatient coding or risk adjustment—and additional qualifications, like holding multiple certifications from AAPC or AHIMA. Furthermore, productivity bonuses based on the number of charts coded can significantly enhance overall compensation. For those looking to maximize their medical billing and coding specialist pay in Minneapolis, pursuing certifications and gaining experience in high-demand areas, like risk adjustment coding, will be key strategies for navigating this competitive job market.
More salary data for Minneapolis, 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 $35,861 for medical billing and coding specialistsin the Minneapolis 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