Medical Billing and Coding Specialist Salary in Franklin, NJ: $20,557 (2026)
Quick Answer:A full-time medical billing and coding specialist in Franklin, NJ earns a median $20,557/year (≈ $9.88/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Franklin's price level (15% above national, BEA RPP 115.2), that paycheck buys what $17,845 would nationally. Nominal pay sits 1.4% above the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, medical billing and coding specialists in Franklin, New Jersey, can expect a median annual salary of $20,557, reflecting a significant gap compared to the national median of $30,349. The local salary range for this profession extends from $14,916 at the 10th percentile to $31,863 at the 90th percentile, a variance that highlights potential for growth based on skills and credentials. Professionals equipped with certifications such as Certified Professional Coder (CPC), Certified Coding Specialist (CCS), and Certified Risk Adjustment Coder (CRC) can experience enhanced lifetime earnings due to the complexity and demand for their expertise. These estimates, derived from BLS state-level data and adjusted for regional economic conditions, provide valuable insight into the local job market, suggesting opportunities for upward mobility in Franklin's healthcare sector.
About the Franklin Market
Salary estimated from New Jersey average ($60,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $14,916 | $7.17 |
| Lower Range (P25) | $17,361 | $8.35 |
| Median (P50)(typical) | $20,557 | $9.88 |
| Upper Range (P75) | $25,869 | $12.43 |
| Top Earners (P90) | $31,863 | $15.32 |
Median Salary Position
32.26% below the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, NJ, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $16,947 (2026 est.). At $20,557, the local median is 32.26% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Medical Billing and Coding Specialist Pay Compares
Franklin median: $20,557/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| New Jersey Average | $20,273 | +1.40% more |
| National Average | $30,349 | -32.26% less |
Medical Billing and Coding Specialists in Franklin, NJ earn a median of $20,557 per year (2026 est.), which is 32.26% lower than the national median of $30,349 and 1.40% above the New Jersey state average of $20,273.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $20,557 is competitive, the higher cost of living reduces purchasing power to an effective $17,845 — a 13.19% reduction.
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2021 BLS Actual
$18,331
2025 BLS Actual
$20,091
2026 Current Est.
$20,557
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Franklin (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $18,331 | Actual |
| 2022 | $18,535 | Actual |
| 2023 | $19,164 | Actual |
| 2024 | $70,074 | Actual |
| 2025 | $20,091 | Actual |
| 2026(current) | $20,557 | Estimated |
| 2027 | $21,034 | Projected |
Based on 5 years of BLS OEWS data for the Franklin metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $18,331 (2021) to $20,091 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $21,034 by 2027 — a total increase of $2,703 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Franklin 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) | $14,916 – $17,361 |
| 3-5 years (Mid Career) | $17,361 – $20,557 |
| 5+ years (Experienced) | $20,557 – $25,869 |
| 10+ years (Top Earner) | $25,869 – $31,863 |
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 Franklin
The competitive landscape for medical billing and coding specialists in Franklin is illustrated by the employment of only 15 individuals in this field, indicating a niche market. The cost of living in Franklin, with an index of 115.2, slightly exceeds the national average, impacting take-home pay and purchasing power. Employers in the area include physician group practices, hospital inpatient coding departments, and various third-party coding companies, with each offering differing pay scales based on factors such as specialty, credential stacking, and work structure. The salary spread from lower-paying roles to higher-tier positions can be attributed to the varying complexity of coding tasks, with inpatient coding (e.g., CCS) typically commanding higher wages than outpatient coding roles (e.g., CPC). For professionals seeking to maximize their medical billing and coding specialist pay in Franklin, pursuing advanced certifications, gaining experience in high-demand specialties like risk adjustment, and exploring telecommuting options can be effective strategies for enhancing career prospects.
More salary data for Franklin, NJ:
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 $20,091 for medical billing and coding specialistsin the Franklin 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 Franklin 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