Medical Billing and Coding Specialist Salary in Prior Lake, MN: $16,970 (2026)
Quick Answer:A full-time medical billing and coding specialist in Prior Lake, MN earns a median $16,970/year (≈ $8.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Prior Lake's price level (1% below national, BEA RPP 98.5), that paycheck buys what $17,228 would nationally. Nominal pay sits 2.1% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Prior Lake, Minnesota, a medical billing and coding specialist can expect to earn a median annual salary of $16,970 in 2026, which is significantly lower than the national median of $30,349. The salary range for this role varies from $12,256 at the 10th percentile to $26,303 at the 90th percentile, reflecting the diverse opportunities within the field. These figures are derived from 2025 BLS OEWS data, projected to 2026, taking into account regional price parities that can affect compensation levels. Professionals in this role can enhance their lifetime earning potential by obtaining various credentials such as the CPC, CCS, and CRC, leading to a broader scope of work and more specialized job opportunities. Understanding the local market dynamics in Prior Lake can paint a clearer picture of what to expect in this profession.
About the Prior Lake Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $12,256 | $5.89 |
| Lower Range (P25) | $14,240 | $6.85 |
| Median (P50)(typical) | $16,970 | $8.15 |
| Upper Range (P75) | $20,717 | $9.96 |
| Top Earners (P90) | $26,303 | $12.65 |
Median Salary Position
44.08% below the national average
2026 Salary Percentile Distribution in Prior Lake
In Prior Lake, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $14,047 (2026 est.). At $16,970, the local median is 44.08% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Prior Lake: You'd be in the lower-middle range
How Prior Lake Medical Billing and Coding Specialist Pay Compares
Prior Lake median: $16,970/year (2026)
| Compared To | Median Salary | Prior Lake Pays |
|---|---|---|
| Minnesota Average | $17,334 | -2.10% less |
| National Average | $30,349 | -44.08% less |
Medical Billing and Coding Specialists in Prior Lake, MN earn a median of $16,970 per year (2026 est.), which is 44.08% lower than the national median of $30,349 and 2.10% below the Minnesota state average of $17,334.
Cost-of-Living Adjusted Salary
Prior Lake 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.
Prior Lake, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $16,970 nominally has purchasing power equivalent to $17,228 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$15,132
2025 BLS Actual
$16,585
2026 Current Est.
$16,970
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Prior Lake (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $15,132 | Actual |
| 2022 | $15,301 | Actual |
| 2023 | $15,820 | Actual |
| 2024 | $52,059 | Actual |
| 2025 | $16,585 | Actual |
| 2026(current) | $16,970 | Estimated |
| 2027 | $17,363 | Projected |
Based on 5 years of BLS OEWS data for the Prior Lake metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $15,132 (2021) to $16,585 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,363 by 2027 — a total increase of $2,231 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Prior Lake 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) | $12,256 – $14,240 |
| 3-5 years (Mid Career) | $14,240 – $16,970 |
| 5+ years (Experienced) | $16,970 – $20,717 |
| 10+ years (Top Earner) | $20,717 – $26,303 |
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 Prior Lake
With only seven medical billing and coding specialists currently employed in Prior Lake, the local job market remains relatively small, but it reflects a stable demand within healthcare services. The cost of living index in the area is 98.5, indicating that purchasing power is slightly below the national average. This economic backdrop influences the pay landscape, with higher salaries typically found in physician group practice coding offices and hospital inpatient coding departments. Several factors can create disparities in compensation, including specialty areas such as inpatient coding (CCS), risk adjustment projects (CRC), and the additional benefits of credential stacking. Strategies for maximizing earnings include pursuing further certifications, focusing on high-demand specialties, and considering remote work flexibility, particularly as approximately 80% of medical coding jobs have shifted to remote settings post-2020. For those eyeing a future in this field, ongoing education in ICD-10-CM updates and risk adjustment principles is critical for staying competitive in Prior Lake’s job market.
More salary data for Prior Lake, 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 $16,585 for medical billing and coding specialistsin the Prior Lake 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 Prior Lake 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