Medical Billing and Coding Specialist Salary in Hanover, NH: $18,086 (2026)
Quick Answer:A full-time medical billing and coding specialist in Hanover, NH earns a median $18,086/year (≈ $8.70/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Hanover's price level (7% above national, BEA RPP 107.3), that paycheck buys what $16,856 would nationally. Nominal pay sits 4.2% below the New Hampshire state average.
Based on BLS state-level estimates · View source
In 2026, the forecast for medical billing and coding specialist salary in Hanover, NH is estimated at $18,086 annually, significantly lower than the national median of $30,349. The local salary range spans from $13,776 at the 10th percentile to as much as $26,324 for those at the 90th percentile. These figures derive from projections based on 2025 BLS data and apply regional cost adjustments, reflecting the unique economic landscape of Hanover. Various factors contribute to this pay gradient, especially for specialists working in inpatient coding (CCS), outpatient coding (CPC), or risk adjustment (HCC) roles. Despite the lower salary figures, opportunities for advancement and specialization exist in Hanover's healthcare landscape.
About the Hanover Market
Salary estimated from New Hampshire average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $13,776 | $6.62 |
| Lower Range (P25) | $16,345 | $7.86 |
| Median (P50)(typical) | $18,086 | $8.70 |
| Upper Range (P75) | $21,939 | $10.55 |
| Top Earners (P90) | $26,324 | $12.66 |
Median Salary Position
40.41% below the national average
2026 Salary Percentile Distribution in Hanover
In Hanover, NH, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $12,548 (2026 est.). At $18,086, the local median is 40.41% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Hanover: You'd be in the lower-middle range
How Hanover Medical Billing and Coding Specialist Pay Compares
Hanover median: $18,086/year (2026)
| Compared To | Median Salary | Hanover Pays |
|---|---|---|
| New Hampshire Average | $18,879 | -4.20% less |
| National Average | $30,349 | -40.41% less |
Medical Billing and Coding Specialists in Hanover, NH earn a median of $18,086 per year (2026 est.), which is 40.41% lower than the national median of $30,349 and 4.20% below the New Hampshire state average of $18,879.
Cost-of-Living Adjusted Salary
Hanover has a cost of living 7.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hanover, NH has a cost-of-living index of 107.3 (above the national average of 100). While the nominal salary of $18,086 is competitive, the higher cost of living reduces purchasing power to an effective $16,856 — a 6.8% reduction.
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2021 BLS Actual
$16,128
2025 BLS Actual
$17,676
2026 Current Est.
$18,086
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Hanover (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $16,128 | Actual |
| 2022 | $16,307 | Actual |
| 2023 | $16,860 | Actual |
| 2024 | $55,483 | Actual |
| 2025 | $17,676 | Actual |
| 2026(current) | $18,086 | Estimated |
| 2027 | $18,506 | Projected |
Based on 5 years of BLS OEWS data for the Hanover metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $16,128 (2021) to $17,676 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $18,506 by 2027 — a total increase of $2,378 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Hanover 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) | $13,776 – $16,345 |
| 3-5 years (Mid Career) | $16,345 – $18,086 |
| 5+ years (Experienced) | $18,086 – $21,939 |
| 10+ years (Top Earner) | $21,939 – $26,324 |
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 Hanover
Currently, there are only five medical billing and coding specialists employed in Hanover, indicating a highly concentrated job market. With a cost-of-living index score of 107.3, professionals may find that take-home pay differs significantly from other regions. Hospitals, physician group practices, and third-party coding companies are likely the top-paying employers, particularly for those with specialized credentials like CCS and CRC. The disparity between lower and higher salaries is often driven by factors such as specialty focus, credential stacking, and compliance competency—a demand for rigorous adherence to coding standards that, when excelled in, often yields productivity bonuses. For those looking to maximize their pay, pursuing multiple certifications with AAPC or AHIMA, along with developing audit skills, could enhance both earning potential and job security in this evolving field.
More salary data for Hanover, NH:
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 $17,676 for medical billing and coding specialistsin the Hanover 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 Hanover 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