Medical Billing and Coding Specialist Salary in Summit, NJ: $18,897 (2026)
Quick Answer:A full-time medical billing and coding specialist in Summit, NJ earns a median $18,897/year (≈ $9.09/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Summit's price level (15% above national, BEA RPP 115.2), that paycheck buys what $16,404 would nationally. Nominal pay sits 6.8% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Summit, NJ, aspiring medical billing and coding specialists pursuing credentials like CPC, CCS, or CRC will find that honing their skills significantly impacts their earning potential. The projected median annual salary stands at $18,897, with a range from $15,146 for the lower 10th percentile to $28,357 for the top 90th percentile. These estimates reflect local figures based on 2025 BLS data, adjusted for the regional cost of living, and reveal a clear disparity when compared to the national median of $30,349. Those who advance their expertise by stacking certifications can expect to enhance their career trajectories and take advantage of various opportunities in Summit’s healthcare sector.
About the Summit Market
Salary estimated from New Jersey average ($60,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $15,146 | $7.29 |
| Lower Range (P25) | $16,866 | $8.11 |
| Median (P50)(typical) | $18,897 | $9.09 |
| Upper Range (P75) | $22,711 | $10.92 |
| Top Earners (P90) | $28,357 | $13.63 |
Median Salary Position
37.73% below the national average
2026 Salary Percentile Distribution in Summit
In Summit, NJ, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $13,211 (2026 est.). At $18,897, the local median is 37.73% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Summit: You'd be in the lower-middle range
How Summit Medical Billing and Coding Specialist Pay Compares
Summit median: $18,897/year (2026)
| Compared To | Median Salary | Summit Pays |
|---|---|---|
| New Jersey Average | $20,276 | -6.80% less |
| National Average | $30,349 | -37.73% less |
Medical Billing and Coding Specialists in Summit, NJ earn a median of $18,897 per year (2026 est.), which is 37.73% lower than the national median of $30,349 and 6.80% below the New Jersey state average of $20,276.
Cost-of-Living Adjusted Salary
Summit has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Summit, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $18,897 is competitive, the higher cost of living reduces purchasing power to an effective $16,404 — a 13.19% reduction.
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2021 BLS Actual
$16,851
2025 BLS Actual
$18,469
2026 Current Est.
$18,897
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Summit (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $16,851 | Actual |
| 2022 | $17,039 | Actual |
| 2023 | $17,617 | Actual |
| 2024 | $64,414 | Actual |
| 2025 | $18,469 | Actual |
| 2026(current) | $18,897 | Estimated |
| 2027 | $19,336 | Projected |
Based on 5 years of BLS OEWS data for the Summit metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $16,851 (2021) to $18,469 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $19,336 by 2027 — a total increase of $2,485 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Summit 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) | $15,146 – $16,866 |
| 3-5 years (Mid Career) | $16,866 – $18,897 |
| 5+ years (Experienced) | $18,897 – $22,711 |
| 10+ years (Top Earner) | $22,711 – $28,357 |
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 Summit
With only five medical billing and coding specialists currently employed in Summit, the local job market presents unique dynamics. The cost of living index sits at 115.2, indicating that while salaries for these positions fall below the national average, competition for qualified professionals may drive demand for higher wages. Employers such as hospital inpatient coding departments and consulting firms often offer better compensation, with advancements in specialties like inpatient coding (CCS) and risk adjustment (CRC) leading to increased earning potentials. The variance in pay can also stem from factors like productivity bonuses, the demand for remote work capabilities, and the need for expertise in compliance audits. For individuals looking to maximize their pay in Summit, obtaining multiple credentials and staying updated with the latest coding standards, such as ICD-10-CM and quarterly CPT updates, will position them favorably in this evolving job market.
More salary data for Summit, NJ:
Frequently Asked Questions
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Can medical billing and coding specialists make $100K in Summit?
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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 $18,469 for medical billing and coding specialistsin the Summit 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 Summit 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