Medical Billing and Coding Specialist Salary in Santa Fe, NM: $36,960 (2026)
Quick Answer:A full-time medical billing and coding specialist in Santa Fe, NM earns a median $36,960/year (≈ $17.77/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Santa Fe's price level (1% below national, BEA RPP 98.8), that paycheck buys what $37,421 would nationally. Nominal pay sits 122.4% above the New Mexico state average.
Official BLS data · View source
In 2026, medical billing and coding specialists in Santa Fe, New Mexico are projected to earn a median annual salary of $36,960, significantly higher than the national median of $30,349, reflecting a robust local job market. For those entering this field, salaries may range from $22,694 at the tenth percentile to $59,672 at the ninetieth percentile. This data, drawn from official BLS OEWS surveys, highlights the increasing attractiveness of positions within medical billing and coding in Santa Fe. As remote work continues to be the standard, the geographic compensation landscape has broadened, presenting local coders with expanded opportunities across various employer types, from hospitals to third-party coding firms and beyond.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,694 | $10.91 |
| Lower Range (P25) | $27,405 | $13.18 |
| Median (P50)(typical) | $36,960 | $17.77 |
| Upper Range (P75) | $45,376 | $21.81 |
| Top Earners (P90) | $59,672 | $28.69 |
Median Salary Position
21.78% above the national average
2026 Salary Percentile Distribution in Santa Fe
In Santa Fe, NM, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $36,978 (2026 est.). At $36,960, the local median is 21.78% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Santa Fe: You'd be in the lower-middle range
How Santa Fe Medical Billing and Coding Specialist Pay Compares
Santa Fe median: $36,960/year (2026)
| Compared To | Median Salary | Santa Fe Pays |
|---|---|---|
| New Mexico Average | $16,619 | +122.40% more |
| National Average | $30,349 | +21.78% more |
Medical Billing and Coding Specialists in Santa Fe, NM earn a median of $36,960 per year (2026 est.), which is 21.78% higher than the national median of $30,349 and 122.40% above the New Mexico state average of $16,619.
Cost-of-Living Adjusted Salary
Santa Fe has a cost of living 1.23% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Santa Fe, NM has a cost-of-living index of 98.767 (below the national average of 100). A medical billing and coding specialist earning $36,960 nominally has purchasing power equivalent to $37,421 in an average-cost city — an effective 1.25% boost.
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2021 BLS Actual
$46,660
2025 BLS Actual
$36,122
2026 Current Est.
$36,960
2021–2027 Growth
+-18.9%
Salary Trajectory for Medical Billing and Coding Specialists in Santa Fe (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $46,660 | Actual |
| 2022 | $48,600 | Actual |
| 2023 | $51,200 | Actual |
| 2024 | $53,590 | Actual |
| 2025 | $36,122 | Actual |
| 2026(current) | $36,960 | Estimated |
| 2027 | $37,818 | Projected |
Based on 5 years of BLS OEWS data for the Santa Fe metropolitan area, the median medical billing and coding specialist salary grew -22.6% from $46,660 (2021) to $36,122 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $37,818 by 2027 — a total increase of $-8,842 (-18.95%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Santa Fe 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) | $22,694 – $27,405 |
| 3-5 years (Mid Career) | $27,405 – $36,960 |
| 5+ years (Experienced) | $36,960 – $45,376 |
| 10+ years (Top Earner) | $45,376 – $59,672 |
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 Santa Fe
With 90 medical billing and coding specialists currently employed in the Santa Fe area, the market shows a steady growth rate of 2.32% annually, making this a promising field for both newcomers and seasoned professionals. The cost of living index is slightly below the national average at 98.767, which affects the purchasing power of salaries here. Higher paying roles can be found in outpatient coding departments and consulting firms, especially for those with in-demand certifications such as CPC, CCS, or CRC. Factors affecting salary variability include specialty focus, credential stacking, productivity incentives, and the nature of remote versus in-office structuring. To maximize earning potential in this market, pursuing additional certifications, focusing on high-demand areas like risk adjustment coding, and emphasizing efficiency in coding processes are all effective strategies for enhancing one's medical billing and coding specialist pay in Santa Fe, NM.
More salary data for Santa Fe, 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 $36,122 for medical billing and coding specialistsin the Santa Fe 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