Medical Billing and Coding Specialist Salary in Richfield, MN: $16,701 (2026)
Quick Answer:A full-time medical billing and coding specialist in Richfield, MN earns a median $16,701/year (≈ $8.03/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Richfield's price level (1% below national, BEA RPP 98.5), that paycheck buys what $16,955 would nationally. Nominal pay sits 3.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
As remote work has reshaped the medical coding industry, the projected median annual salary for medical billing and coding specialists in Richfield, Minnesota, stands at $16,701 for 2026. This figure reflects local estimates based on 2025 BLS OEWS data, with salaries ranging from $12,945 at the 10th percentile to $25,886 at the 90th percentile. The market for medical billing and coding in Richfield provides a competitive environment, despite the median significantly trailing the national benchmark of $30,349. The local landscape features a limited number of positions, with only nine specialists employed in the area, indicating a focused but potentially challenging job market for aspiring professionals.
About the Richfield Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $12,945 | $6.22 |
| Lower Range (P25) | $14,706 | $7.07 |
| Median (P50)(typical) | $16,701 | $8.03 |
| Upper Range (P75) | $20,420 | $9.81 |
| Top Earners (P90) | $25,886 | $12.44 |
Median Salary Position
44.97% below the national average
2026 Salary Percentile Distribution in Richfield
In Richfield, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $12,941 (2026 est.). At $16,701, the local median is 44.97% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Richfield: You'd be in the lower-middle range
How Richfield Medical Billing and Coding Specialist Pay Compares
Richfield median: $16,701/year (2026)
| Compared To | Median Salary | Richfield Pays |
|---|---|---|
| Minnesota Average | $17,342 | -3.70% less |
| National Average | $30,349 | -44.97% less |
Medical Billing and Coding Specialists in Richfield, MN earn a median of $16,701 per year (2026 est.), which is 44.97% lower than the national median of $30,349 and 3.70% below the Minnesota state average of $17,342.
Cost-of-Living Adjusted Salary
Richfield 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.
Richfield, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $16,701 nominally has purchasing power equivalent to $16,955 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$14,892
2025 BLS Actual
$16,322
2026 Current Est.
$16,701
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Richfield (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $14,892 | Actual |
| 2022 | $15,058 | Actual |
| 2023 | $15,569 | Actual |
| 2024 | $51,233 | Actual |
| 2025 | $16,322 | Actual |
| 2026(current) | $16,701 | Estimated |
| 2027 | $17,088 | Projected |
Based on 5 years of BLS OEWS data for the Richfield metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $14,892 (2021) to $16,322 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,088 by 2027 — a total increase of $2,196 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Richfield 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) | $12,945 – $14,706 |
| 3-5 years (Mid Career) | $14,706 – $16,701 |
| 5+ years (Experienced) | $16,701 – $20,420 |
| 10+ years (Top Earner) | $20,420 – $25,886 |
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 Richfield
The cost of living in Richfield is slightly below the national average, with a cost-of-living index of 98.5, suggesting that take-home pay may stretch a bit further despite lower salaries. Positions in hospitals and outpatient settings typically offer more competitive pay compared to third-party coding firms, which are prominent in the remote work sector. The differences in earnings often stem from the complexity and specialization of the roles; for instance, those with credentials in inpatient coding (CCS) generally command higher salaries than those focused on outpatient coding (CPC). To maximize pay in Richfield, professionals should consider advancing their credentials, such as obtaining multiple certifications or focusing on high-demand areas like risk adjustment coding, which reflects the growth potential in that niche. Additionally, whether opting for in-office roles or remote positions, productivity and compliance standards will significantly impact individual earnings.
More salary data for Richfield, 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 $16,322 for medical billing and coding specialistsin the Richfield 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 Richfield 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