Medical Billing and Coding Specialist Salary in New Mexico: $33,017 (2026)
Quick Answer:Across New Mexico's 17 metropolitan areas, the average median medical billing and coding specialist pay sits at $33,017/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 29-2072. Because New Mexico sits at BEA RPP 94.4 (6% below the U.S. baseline), that statewide median translates to roughly $34,976 in nationally-comparable purchasing power. Highest-paying metros: Santa Fe ($36,122), Albuquerque ($34,812), Farmington ($31,726).
The projected average median salary for medical billing and coding specialists in New Mexico in 2026 is $33,017, which is significantly above the national median of $30,349, representing a 8.8% increase over national figures. The variance between cities is considerable; for instance, the highest-paying city, Santa Fe, is projected to offer a salary of $36,960, whereas Taos is at the lower end with $15,287, creating a substantial gap of $21,673. This disparity can be attributed to factors such as local cost of living, demand for healthcare services, and the concentration of medical facilities in urban areas versus rural regions. In New Mexico, prospective specialists must be aware of specific state licensing requirements and scope of practice laws, which can influence job prospects and salaries. The job market is projected to experience a steady growth rate of 2.32% annually, driven by the increasing complexity of healthcare services and the need for accurate medical coding and billing practices. The top five cities for employment opportunities include Santa Fe, Albuquerque at $35,620, Farmington at $32,462, Las Cruces at $26,207, and Rio Rancho at $17,103, reflecting the diverse range of earning potential based on geographic location and employment opportunities.
New Mexico Medical Billing and Coding Specialist Salary Range
Overall salary range in New Mexico: $11,356 (lowest entry-level) to $59,672 (highest top earner)
New Mexico vs National Average
New Mexico medical billing and coding specialists earn 8.79% more than the national median (+$2,668/year difference).
New Mexico Medical Billing and Coding Specialist Salary Distribution (2026)
Medical Billing and Coding Specialist salaries in New Mexico range from $21,437 (entry-level, 10th percentile) to $44,498 (top earners, 90th percentile), with a median of $33,017. The New Mexico median is $2,668 above the US national median of $30,349. The average hourly rate is $15.88/hr. Approximately 1,152 medical billing and coding specialists are employed across 17 cities.
2021 BLS Actual
$45,147
2025 BLS Actual
$32,268
2026 Current Est.
$33,017
2021–2027 Growth
+-25.2%
Salary Trajectory for Medical Billing and Coding Specialists in New Mexico (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $45,147 | Actual |
| 2022 | $47,177 | Actual |
| 2023 | $47,527 | Actual |
| 2024 | $49,926 | Actual |
| 2025 | $32,268 | Actual |
| 2026(current) | $33,017 | Estimated |
| 2027 | $33,783 | Projected |
Based on 5 years of BLS OEWS data for the New Mexico metropolitan area, the median medical billing and coding specialist salary grew -28.5% from $45,147 (2021) to $32,268 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $33,783 by 2027 — a total increase of $-11,364 (-25.17%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the New Mexico 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.
Top 5 Highest Paying Cities in New Mexico
Lowest Paying Cities in New Mexico
| City | Median Salary |
|---|---|
| Taos | $15,287 |
| Los Alamos | $15,315 |
| Los Lunas | $15,444 |
| Las Vegas | $15,446 |
| Gallup | $15,449 |
Best Value Cities for Medical Billing and Coding Specialists in New Mexico
When adjusted for local cost of living, these New Mexico cities offer the most purchasing power for medical billing and coding specialists.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Santa Fe | $36,960 | 98.767 | $37,421 |
| Albuquerque | $35,620 | 95.546 | $37,280 |
| Farmington | $32,462 | 87.707 | $37,012 |
| Las Cruces | $26,207 | 90.212 | $29,050 |
| Rio Rancho | $17,103 | 94.4 | $18,118 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in New Mexico
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $21,437 |
| Mid Career (3-7 years) | $33,017 |
| Experienced (7+ years) | $44,498 |
Estimates based on BLS percentile data averaged across New Mexico metro areas. Individual pay varies by employer, certifications, and specialization.
All 17 Cities in New Mexico
| # | City | Median Salary |
|---|---|---|
| 1 | Santa Fe | $36,960 |
| 2 | Albuquerque | $35,620 |
| 3 | Farmington | $32,462 |
| 4 | Las Cruces | $26,207 |
| 5 | Rio Rancho | $17,103 |
| 6 | Roswell | $16,301 |
| 7 | Alamogordo | $16,167 |
| 8 | Hobbs | $16,157 |
| 9 | South Valley | $16,092 |
| 10 | Clovis | $15,780 |
| 11 | Carlsbad | $15,755 |
| 12 | Deming | $15,505 |
| 13 | Gallup | $15,449 |
| 14 | Las Vegas | $15,446 |
| 15 | Los Lunas | $15,444 |
| 16 | Los Alamos | $15,315 |
| 17 | Taos | $15,287 |
More New Mexico Salary Data
Hourly Rates
Explore medical billing and coding specialist hourly pay in New Mexico cities.
Entry Level
Starting salaries for new medical billing and coding specialists.
Senior / Experienced
Top earner salaries for experienced medical billing and coding specialists.
Explore More Medical Billing and Coding Specialist Salary Data
Frequently Asked Questions
How much do medical billing and coding specialists make in New Mexico in 2026?
What is the highest paying city for medical billing and coding specialists in New Mexico?
How does New Mexico medical billing and coding specialist pay compare to the national average?
What is the entry-level medical billing and coding specialist salary in New Mexico?
How many medical billing and coding specialists are employed in New Mexico?
Which New Mexico city offers the best value for medical billing and coding specialists?
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
Statewide 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. A 2.32% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 medical billing and coding specialist compensation across New Mexico. State averages are employment-weighted across 17 metro areas — larger metro areas with more medical billing and coding specialistscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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