Medical Billing and Coding Specialist Salary in Farmington, NM: $32,462 (2026)
Quick Answer:A full-time medical billing and coding specialist in Farmington, NM earns a median $32,462/year (≈ $15.60/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Farmington's price level (12% below national, BEA RPP 87.7), that paycheck buys what $37,012 would nationally. Nominal pay sits 95.4% above the New Mexico state average.
Official BLS data · View source
For 2026, medical billing and coding specialists in Farmington, NM, can expect a median annual salary of $32,462, standing out in comparison to the national median of $30,349. The projected salary range for professionals in this field extends from $21,008 at the 10th percentile to $46,332 at the 90th percentile. This data is derived from projections based on 2025 BLS OEWS data and reflects the varied pay scales within the profession. Interestingly, the specialty of inpatient coding commands higher compensation, particularly with Certified Coding Specialists (CCS) compared to outpatient coding and risk adjustment roles, which impacts overall earnings in the area.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $21,008 | $10.10 |
| Lower Range (P25) | $25,358 | $12.19 |
| Median (P50)(typical) | $32,462 | $15.60 |
| Upper Range (P75) | $40,118 | $19.29 |
| Top Earners (P90) | $46,332 | $22.28 |
Median Salary Position
6.96% above the national average
2026 Salary Percentile Distribution in Farmington
In Farmington, NM, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $25,324 (2026 est.). At $32,462, the local median is 6.96% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Farmington: You'd be in the lower-middle range
How Farmington Medical Billing and Coding Specialist Pay Compares
Farmington median: $32,462/year (2026)
| Compared To | Median Salary | Farmington Pays |
|---|---|---|
| New Mexico Average | $16,613 | +95.40% more |
| National Average | $30,349 | +6.96% more |
Medical Billing and Coding Specialists in Farmington, NM earn a median of $32,462 per year (2026 est.), which is 6.96% higher than the national median of $30,349 and 95.40% above the New Mexico state average of $16,613.
Cost-of-Living Adjusted Salary
Farmington has a cost of living 12.29% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Farmington, NM has a cost-of-living index of 87.707 (below the national average of 100). A medical billing and coding specialist earning $32,462 nominally has purchasing power equivalent to $37,012 in an average-cost city — an effective 14.02% boost.
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2021 BLS Actual
$40,600
2025 BLS Actual
$31,726
2026 Current Est.
$32,462
2021–2027 Growth
+-18.2%
Salary Trajectory for Medical Billing and Coding Specialists in Farmington (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $40,600 | Actual |
| 2022 | $45,640 | Actual |
| 2023 | $49,000 | Actual |
| 2024 | $51,440 | Actual |
| 2025 | $31,726 | Actual |
| 2026(current) | $32,462 | Estimated |
| 2027 | $33,215 | Projected |
Based on 5 years of BLS OEWS data for the Farmington metropolitan area, the median medical billing and coding specialist salary grew -21.9% from $40,600 (2021) to $31,726 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $33,215 by 2027 — a total increase of $-7,385 (-18.19%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Farmington 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) | $21,008 – $25,358 |
| 3-5 years (Mid Career) | $25,358 – $32,462 |
| 5+ years (Experienced) | $32,462 – $40,118 |
| 10+ years (Top Earner) | $40,118 – $46,332 |
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 Farmington
Job opportunities for medical billing and coding specialists are promising in Farmington, with around 90 individuals currently employed in this profession. The cost of living index sits at 87.707, indicating a lower-than-average expense for residents, thus enhancing potential purchasing power despite salaries. Among local employers, physician group practices and hospital inpatient coding departments tend to offer the highest wages, while remote roles with third-party coding companies provide flexibility alongside competitive pay. Various factors contribute to salary disparities, including specialty focus—such as inpatient coding versus outpatient coding—and credentialing combinations like CPC, CCS, or CRC. For those looking to enhance their earnings, pursuing multiple certifications and seeking remote positions could be strategic moves in navigating the local market dynamics effectively in Farmington.
More salary data for Farmington, NM:
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 $31,726 for medical billing and coding specialistsin the Farmington 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
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