Medical Billing and Coding Specialist Salary in Toledo, OH: $28,094 (2026)
Quick Answer:A full-time medical billing and coding specialist in Toledo, OH earns a median $28,094/year (≈ $13.51/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Toledo's price level (9% below national, BEA RPP 91.5), that paycheck buys what $30,719 would nationally. Nominal pay sits 0.9% below the Ohio state average.
Official BLS data · View source
In Toledo, OH, the 2026 median annual salary for medical billing and coding specialists is projected to be $28,094, which reflects a pay range from $22,005 at the lower end (P10) to $38,165 at the higher end (P90). This figure is a notable 7.43% below the national median of $30,349, indicating potential differences in local market dynamics and demand for these professionals. The data presented here stems from the Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) surveys. While general trends may suggest lower compensation in Toledo compared to national averages, the demand continues, particularly in areas like inpatient CCS coding, which typically commands higher pay than outpatient CPC or HCC/risk adjustment coding.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,005 | $10.58 |
| Lower Range (P25) | $24,753 | $11.90 |
| Median (P50)(typical) | $28,094 | $13.51 |
| Upper Range (P75) | $34,349 | $16.51 |
| Top Earners (P90) | $38,165 | $18.35 |
Median Salary Position
7.43% below the national average
2026 Salary Percentile Distribution in Toledo
In Toledo, OH, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $16,160 (2026 est.). At $28,094, the local median is 7.43% below the national median of $30,349.
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At 40 hours/week in Toledo: You'd be in the lower-middle range
How Toledo Medical Billing and Coding Specialist Pay Compares
Toledo median: $28,094/year (2026)
| Compared To | Median Salary | Toledo Pays |
|---|---|---|
| Ohio Average | $28,349 | -0.90% less |
| National Average | $30,349 | -7.43% less |
Medical Billing and Coding Specialists in Toledo, OH earn a median of $28,094 per year (2026 est.), which is 7.43% lower than the national median of $30,349 and 0.90% below the Ohio state average of $28,349.
Cost-of-Living Adjusted Salary
Toledo has a cost of living 8.55% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Toledo, OH has a cost-of-living index of 91.455 (below the national average of 100). A medical billing and coding specialist earning $28,094 nominally has purchasing power equivalent to $30,719 in an average-cost city — an effective 9.34% boost.
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2021 BLS Actual
$37,500
2025 BLS Actual
$27,457
2026 Current Est.
$28,094
2021–2027 Growth
+-23.3%
Salary Trajectory for Medical Billing and Coding Specialists in Toledo (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $37,500 | Actual |
| 2022 | $39,650 | Actual |
| 2023 | $41,210 | Actual |
| 2024 | $45,550 | Actual |
| 2025 | $27,457 | Actual |
| 2026(current) | $28,094 | Estimated |
| 2027 | $28,746 | Projected |
Based on 5 years of BLS OEWS data for the Toledo metropolitan area, the median medical billing and coding specialist salary grew -26.8% from $37,500 (2021) to $27,457 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $28,746 by 2027 — a total increase of $-8,754 (-23.34%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Toledo 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) | $22,005 – $24,753 |
| 3-5 years (Mid Career) | $24,753 – $28,094 |
| 5+ years (Experienced) | $28,094 – $34,349 |
| 10+ years (Top Earner) | $34,349 – $38,165 |
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 Toledo
Currently, there are about 310 medical billing and coding specialists employed in Toledo, highlighting a substantial local job market. The cost of living index in the area sits at 91.455, indicating that residents experience a lower cost of living compared to the national average. This affects the take-home purchasing power of medical billing and coding employees significantly. Among the highest-paying employers are hospital inpatient coding departments and physician group practice coding offices, especially for specialists who hold multiple credentials such as CPC, CCS, and CRC. The variation in salaries is largely driven by factors such as specialty focus, credential stacking, and productivity bonuses. For those looking to maximize their earnings in Toledo, pursuing additional certifications related to audit or compliance work can be particularly advantageous, along with considering remote positions, which are rapidly becoming the industry standard.
More salary data for Toledo, OH:
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 $27,457 for medical billing and coding specialistsin the Toledo 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