Medical Billing and Coding Specialist Salary in Hackensack, NJ: $19,458 (2026)
Quick Answer:A full-time medical billing and coding specialist in Hackensack, NJ earns a median $19,458/year (≈ $9.35/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Hackensack's price level (15% above national, BEA RPP 115.2), that paycheck buys what $16,891 would nationally. Nominal pay sits 4.0% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Hackensack, New Jersey, the projected median annual salary for a medical billing and coding specialist in 2026 is $19,458, significantly below the national median of $30,349. With a salary range that varies from $15,044 at the 10th percentile to $30,000 at the 90th percentile, local wages reflect the impact of regional price adjustments. These estimates are derived from 2025 BLS data, highlighting how the shift toward remote work has expanded the job market for professionals in this field, allowing for greater geographic competition and potentially influencing local pay structures. As telecommuting solidifies into the standard practice, Hackensack's job market is adapting, presenting unique compensation dynamics for coding specialists.
About the Hackensack Market
Salary estimated from New Jersey average ($60,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $15,044 | $7.23 |
| Lower Range (P25) | $17,045 | $8.20 |
| Median (P50)(typical) | $19,458 | $9.35 |
| Upper Range (P75) | $23,734 | $11.41 |
| Top Earners (P90) | $30,000 | $14.43 |
Median Salary Position
35.89% below the national average
2026 Salary Percentile Distribution in Hackensack
In Hackensack, NJ, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $14,956 (2026 est.). At $19,458, the local median is 35.89% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Hackensack: You'd be in the lower-middle range
How Hackensack Medical Billing and Coding Specialist Pay Compares
Hackensack median: $19,458/year (2026)
| Compared To | Median Salary | Hackensack Pays |
|---|---|---|
| New Jersey Average | $20,269 | -4.00% less |
| National Average | $30,349 | -35.89% less |
Medical Billing and Coding Specialists in Hackensack, NJ earn a median of $19,458 per year (2026 est.), which is 35.89% lower than the national median of $30,349 and 4.00% below the New Jersey state average of $20,269.
Cost-of-Living Adjusted Salary
Hackensack has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hackensack, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $19,458 is competitive, the higher cost of living reduces purchasing power to an effective $16,891 — a 13.19% reduction.
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2021 BLS Actual
$17,351
2025 BLS Actual
$19,017
2026 Current Est.
$19,458
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Hackensack (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $17,351 | Actual |
| 2022 | $17,544 | Actual |
| 2023 | $18,139 | Actual |
| 2024 | $66,325 | Actual |
| 2025 | $19,017 | Actual |
| 2026(current) | $19,458 | Estimated |
| 2027 | $19,910 | Projected |
Based on 5 years of BLS OEWS data for the Hackensack metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $17,351 (2021) to $19,017 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $19,910 by 2027 — a total increase of $2,559 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Hackensack 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) | $15,044 – $17,045 |
| 3-5 years (Mid Career) | $17,045 – $19,458 |
| 5+ years (Experienced) | $19,458 – $23,734 |
| 10+ years (Top Earner) | $23,734 – $30,000 |
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 Hackensack
The local job market employs eight medical billing and coding specialists, which paints a picture of a compact yet crucial workforce. With a cost-of-living index of 115.2, the purchasing power for local residents is challenged, making it essential for professionals to seek employers known for higher compensation. Physician group practices and hospital inpatient coding departments typically offer the most competitive pay in Hackensack, while third-party coding companies provide flexible work-from-home options. Variations in earnings stem from several factors, including specialty focus, credentialing such as CPC and CCS, and experience in compliance and auditing. To maximize earning potential, local coders are advised to enhance their skills through continuous education with organizations like AAPC or AHIMA, particularly in high-demand areas such as risk adjustment and HCC coding.
More salary data for Hackensack, 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 $19,017 for medical billing and coding specialistsin the Hackensack 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 Hackensack 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