Medical Billing and Coding Specialist Salary in Owatonna, MN: $17,211 (2026)
Quick Answer:A full-time medical billing and coding specialist in Owatonna, MN earns a median $17,211/year (≈ $8.28/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Owatonna's price level (1% below national, BEA RPP 98.5), that paycheck buys what $17,473 would nationally. Nominal pay sits 0.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, Owatonna, Minnesota, offers a median annual salary of $17,211 for medical billing and coding specialists, which reflects a significant gap compared to the national median of $30,349. The projected salary range extends from $12,339 at the lower end (P10) to $26,007 at the higher end (P90), indicating that opportunities for earnings vary widely within the local market. These figures derive from state-level estimates based on data from 2025, adjusted for regional cost considerations. Within Owatonna, job prospects in this field will likely follow trends associated with specialty areas; for instance, inpatient CCS coding positions typically command higher pay rates compared to outpatient CPC roles or positions focused on risk adjustment coding.
About the Owatonna Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $12,339 | $5.93 |
| Lower Range (P25) | $14,362 | $6.91 |
| Median (P50)(typical) | $17,211 | $8.28 |
| Upper Range (P75) | $21,317 | $10.25 |
| Top Earners (P90) | $26,007 | $12.50 |
Median Salary Position
43.29% below the national average
2026 Salary Percentile Distribution in Owatonna
In Owatonna, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $13,668 (2026 est.). At $17,211, the local median is 43.29% below the national median of $30,349.
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At 40 hours/week in Owatonna: You'd be in the lower-middle range
How Owatonna Medical Billing and Coding Specialist Pay Compares
Owatonna median: $17,211/year (2026)
| Compared To | Median Salary | Owatonna Pays |
|---|---|---|
| Minnesota Average | $17,333 | -0.70% less |
| National Average | $30,349 | -43.29% less |
Medical Billing and Coding Specialists in Owatonna, MN earn a median of $17,211 per year (2026 est.), which is 43.29% lower than the national median of $30,349 and 0.70% below the Minnesota state average of $17,333.
Cost-of-Living Adjusted Salary
Owatonna 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.
Owatonna, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $17,211 nominally has purchasing power equivalent to $17,473 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$15,347
2025 BLS Actual
$16,821
2026 Current Est.
$17,211
2021–2027 Growth
+14.8%
Salary Trajectory for Medical Billing and Coding Specialists in Owatonna (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $15,347 | Actual |
| 2022 | $15,518 | Actual |
| 2023 | $16,045 | Actual |
| 2024 | $52,802 | Actual |
| 2025 | $16,821 | Actual |
| 2026(current) | $17,211 | Estimated |
| 2027 | $17,611 | Projected |
Based on 5 years of BLS OEWS data for the Owatonna metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $15,347 (2021) to $16,821 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,611 by 2027 — a total increase of $2,264 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Owatonna 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) | $12,339 – $14,362 |
| 3-5 years (Mid Career) | $14,362 – $17,211 |
| 5+ years (Experienced) | $17,211 – $21,317 |
| 10+ years (Top Earner) | $21,317 – $26,007 |
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 Owatonna
Currently, there are six medical billing and coding specialists employed in Owatonna, MN, pointing to a modest but steady demand in the local job market. With a cost-of-living index of 98.5, professionals in this area will need to navigate their salaries carefully to maintain purchasing power. Employers that tend to offer competitive salaries include physician group practices and hospital inpatient coding departments, often complemented by roles in third-party coding companies allowing for remote work options. The disparity in pay within the market can be attributed to several factors such as coding specialty, credential stacking (e.g., holding certifications such as CPC, CCS, and CRC), productivity incentives, and the nature of the work environment. For those looking to maximize earnings in Owatonna, it is advisable to seek additional certifications, specialize in high-demand areas like HCC coding, and explore remote work opportunities to enhance overall job flexibility and income potential.
More salary data for Owatonna, 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 $16,821 for medical billing and coding specialistsin the Owatonna 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 Owatonna 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