Medical Billing and Coding Specialist Salary in Memphis, TN: $31,513 (2026)
Quick Answer:A full-time medical billing and coding specialist in Memphis, TN earns a median $31,513/year (≈ $15.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Memphis's price level (8% below national, BEA RPP 92.2), that paycheck buys what $34,187 would nationally. Nominal pay sits 12.0% above the Tennessee state average.
Official BLS data · View source
In 2026, a medical billing and coding specialist in Memphis, Tennessee, can expect a median salary of $31,513, which is slightly above the national median of $30,349 for the same year. The salary range in Memphis varies significantly, with the lower 10% earning around $22,884 and the upper 90% making up to $56,692. These figures are derived from official BLS OEWS surveys and illustrate the diverse earning potential within this occupation. The rise of remote work has broadened the competitive landscape, allowing local specialists to access opportunities across the nation, which can further influence salary expectations in Memphis.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,884 | $11.00 |
| Lower Range (P25) | $26,218 | $12.61 |
| Median (P50)(typical) | $31,513 | $15.15 |
| Upper Range (P75) | $39,310 | $18.90 |
| Top Earners (P90) | $56,692 | $27.26 |
Median Salary Position
3.84% above the national average
2026 Salary Percentile Distribution in Memphis
In Memphis, TN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $33,808 (2026 est.). At $31,513, the local median is 3.84% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Memphis: You'd be in the lower-middle range
How Memphis Medical Billing and Coding Specialist Pay Compares
Memphis median: $31,513/year (2026)
| Compared To | Median Salary | Memphis Pays |
|---|---|---|
| Tennessee Average | $28,136 | +12.00% more |
| National Average | $30,349 | +3.84% more |
Medical Billing and Coding Specialists in Memphis, TN earn a median of $31,513 per year (2026 est.), which is 3.84% higher than the national median of $30,349 and 12.00% above the Tennessee state average of $28,136.
Cost-of-Living Adjusted Salary
Memphis has a cost of living 7.82% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Memphis, TN has a cost-of-living index of 92.179 (below the national average of 100). A medical billing and coding specialist earning $31,513 nominally has purchasing power equivalent to $34,187 in an average-cost city — an effective 8.49% boost.
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2021 BLS Actual
$47,000
2025 BLS Actual
$30,798
2026 Current Est.
$31,513
2021–2027 Growth
+-31.4%
Salary Trajectory for Medical Billing and Coding Specialists in Memphis (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $47,000 | Actual |
| 2022 | $50,980 | Actual |
| 2023 | $56,040 | Actual |
| 2024 | $56,580 | Actual |
| 2025 | $30,798 | Actual |
| 2026(current) | $31,513 | Estimated |
| 2027 | $32,244 | Projected |
Based on 5 years of BLS OEWS data for the Memphis metropolitan area, the median medical billing and coding specialist salary grew -34.5% from $47,000 (2021) to $30,798 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $32,244 by 2027 — a total increase of $-14,756 (-31.40%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Memphis 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) | $22,884 – $26,218 |
| 3-5 years (Mid Career) | $26,218 – $31,513 |
| 5+ years (Experienced) | $31,513 – $39,310 |
| 10+ years (Top Earner) | $39,310 – $56,692 |
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 Memphis
With approximately 660 medical billing and coding specialists employed in the area, Memphis's job market remains robust, particularly given a favorable cost-of-living index of 92.179 that allows for greater purchasing power relative to national averages. Many local employers, such as hospital inpatient coding departments and third-party coding companies, tend to offer higher salaries, particularly for those specializing in inpatient CCS or holding multiple credentials like CPC and CRC. The difference in pay among specialists can be attributed to various factors, including the complexity of the coding specialty, productivity bonuses based on charts coded, and the flexibility of remote versus in-office positions. For those seeking to maximize their medical billing and coding specialist pay in Memphis, focusing on acquiring additional certifications and pursuing high-demand subspecialties like risk adjustment coding may prove beneficial.
More salary data for Memphis, TN:
Frequently Asked Questions
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Can medical billing and coding specialists make $100K in Memphis?
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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 $30,798 for medical billing and coding specialistsin the Memphis 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