Medical Billing and Coding Specialist Salary in Shakopee, MN: $16,793 (2026)
Quick Answer:A full-time medical billing and coding specialist in Shakopee, MN earns a median $16,793/year (≈ $8.07/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Shakopee's price level (1% below national, BEA RPP 98.5), that paycheck buys what $17,049 would nationally. Nominal pay sits 3.1% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, the salary for a medical billing and coding specialist in Shakopee, Minnesota, is projected to be $16,793 annually, significantly below the national median of $30,349 for the same year. The salary range in the area spans from $13,170 at the 10th percentile to $25,200 at the 90th percentile. Credentials such as the Certified Professional Coder (CPC), Certified Coding Specialist (CCS), and Certified Risk Adjustment Coder (CRC) can enhance earning potential, as each certification reflects specialized knowledge and skills in coding practices. Reporting figures are derived from 2025 BLS data, adjusted for the local cost of living, which impacts overall compensation and employment opportunities. With an average of 11 professionals currently working in this field in Shakopee, the job market remains relatively specialized but competitive.
About the Shakopee Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $13,170 | $6.33 |
| Lower Range (P25) | $14,900 | $7.16 |
| Median (P50)(typical) | $16,793 | $8.07 |
| Upper Range (P75) | $20,642 | $9.93 |
| Top Earners (P90) | $25,200 | $12.11 |
Median Salary Position
44.67% below the national average
2026 Salary Percentile Distribution in Shakopee
In Shakopee, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $12,030 (2026 est.). At $16,793, the local median is 44.67% below the national median of $30,349.
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At 40 hours/week in Shakopee: You'd be in the lower-middle range
How Shakopee Medical Billing and Coding Specialist Pay Compares
Shakopee median: $16,793/year (2026)
| Compared To | Median Salary | Shakopee Pays |
|---|---|---|
| Minnesota Average | $17,330 | -3.10% less |
| National Average | $30,349 | -44.67% less |
Medical Billing and Coding Specialists in Shakopee, MN earn a median of $16,793 per year (2026 est.), which is 44.67% lower than the national median of $30,349 and 3.10% below the Minnesota state average of $17,330.
Cost-of-Living Adjusted Salary
Shakopee 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.
Shakopee, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $16,793 nominally has purchasing power equivalent to $17,049 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$14,974
2025 BLS Actual
$16,412
2026 Current Est.
$16,793
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Shakopee (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $14,974 | Actual |
| 2022 | $15,141 | Actual |
| 2023 | $15,655 | Actual |
| 2024 | $51,518 | Actual |
| 2025 | $16,412 | Actual |
| 2026(current) | $16,793 | Estimated |
| 2027 | $17,182 | Projected |
Based on 5 years of BLS OEWS data for the Shakopee metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $14,974 (2021) to $16,412 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,182 by 2027 — a total increase of $2,208 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Shakopee 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) | $13,170 – $14,900 |
| 3-5 years (Mid Career) | $14,900 – $16,793 |
| 5+ years (Experienced) | $16,793 – $20,642 |
| 10+ years (Top Earner) | $20,642 – $25,200 |
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 Shakopee
With a cost of living index of 98.5 in Shakopee, medical billing and coding specialists may find their take-home pay adjusted significantly by local economic factors. Employment opportunities primarily arise from physician group practices and hospital inpatient departments, which typically offer the highest wages compared to ambulatory surgery centers and consulting firms. The variation in pay is influenced by different coding specialties, with inpatient coding (CCS) generally commanding higher salaries than outpatient coding (CPC) or risk adjustment (CRC). To maximize earning potential in Shakopee's market, specialists should seek additional credentials, remain updated with the latest ICD-10-CM and CPT guidelines, and consider remote positions that allow for increased productivity. Understanding employer needs, as well as contributing to quality audits and compliance checks, can also lead to enhanced financial rewards in this evolving field.
More salary data for Shakopee, 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 $16,412 for medical billing and coding specialistsin the Shakopee 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 Shakopee 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