Senior Medical Billing and Coding Specialist Salary in Faribault, MN: $24,954 (2026)
Quick Answer:The top tier of medical billing and coding specialists working in Faribault, MN — those at or above the 90th percentile — pull in $24,954/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 29-2072. Strip back Faribault's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $25,334 in average-cost America. The 52% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
Salaries for seasoned medical billing and coding specialists in Faribault, Minnesota, present a noteworthy opportunity for individuals with substantial experience, particularly those with over seven years in the field. The projected 2026 figures highlight a top earner potential (P90) of $24,954, while the P75 salary sits at $20,570. This top-tier compensation significantly contrasts the median annual salary of $16,378, showcasing the substantial experience premium afforded to professionals navigating complex coding environments. To achieve these higher salary brackets, specialists often need to bolster their expertise through advanced credentials and extensive experience across critical coding subspecialties, positioning themselves at the top of the medical billing and coding field in Faribault.
About the Faribault Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Faribault
Experienced medical billing and coding specialists at the top of the pay scale in Faribault earn between $20,570 and $24,954 per year (2026 est.). This $12,844 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Faribault median of $16,378 sits 46.03% below the US median.
Top MBS Salary Comparison
| Level | Faribault | National |
|---|---|---|
| Median (P50) | $16,378 | $30,349 |
| 75th Percentile | $20,570 | $38,468 |
| 90th Percentile (Top 10%) | $24,954 | $48,159 |
In Faribault, experienced medical billing and coding specialists (P90) earn 52.36% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Medical Billing and Coding Specialist Pay in Faribault
Advanced Certifications in Minnesota
MN medical billing and coding specialists with additional specialty certifications within the medical billing and coding field earn significantly above the $16,378 median. Expanded-scope credentials are increasingly valued by Faribault employers.
Specialty Focus
Medical Billing and Coding Specialists focusing on high-acuity or specialty areas within the medical billing and coding field in Faribault command premium compensation, often reaching the $20,570–$24,954 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Faribault metro area often pay above-market rates for experienced medical billing and coding specialists who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured medical billing and coding specialists in Faribault with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Medical Billing and Coding Specialists in Minnesota who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Medical Billing and Coding Specialist Career & Wage Growth Path in Faribault
Clinical Medical Billing and Coding Specialist
0-5 yearsSenior/Lead Medical Billing and Coding Specialist
5-10 yearsMedical Billing and Coding Specialist Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedFaribault ranks #41 of 44 Minnesota cities for top earner medical billing and coding specialist salary (90th percentile: $24,954).
Top 10% medical billing and coding specialist compensation in Faribault ($24,954) is 52.33% below the Minnesota average P90 ($52,344).
2021 BLS Actual
$22,299
2025 BLS Actual
$24,388
2026 Current Est.
$24,954
2021–2027 Growth
+14.5%
Salary Trajectory for Medical Billing and Coding Specialists in Faribault (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $22,299 | Actual |
| 2022 | $22,678 | Actual |
| 2023 | $23,384 | Actual |
| 2024 | $77,691 | Actual |
| 2025 | $24,388 | Actual |
| 2026(current) | $24,954 | Estimated |
| 2027 | $25,533 | Projected |
Top-earning medical billing and coding specialists (90th percentile) in Faribault saw their compensation grow 9.4% from $22,299 in 2021 to $24,388 in 2025, based on 5 years of BLS OEWS data for this metropolitan area. At a 2.32% annual growth rate, senior-level pay is projected to reach $25,533 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Faribault 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.
Maximizing Your Medical Billing and Coding Specialist Earnings in Faribault
In exploring factors influencing the senior medical billing and coding specialist pay in MN, several key elements emerge. Specializations such as inpatient coding (CCS), surgical coding, and risk adjustment coding (CRC) tend to command higher salaries. The type of employer also plays a vital role; coding professionals in hospital settings or insurance companies typically earn more compared to those in ambulatory surgery centers or physician group practices. Advancement into leadership roles such as coding supervisor or HIM director can further elevate salary prospects, especially when combined with credentials from recognized bodies like AAPC or AHIMA. Those stacking certifications, like the CPC and CCS, find themselves more competitive in the job market, capitalizing on the increasing demand for expertise in compliance and coding accuracy. Additionally, non-salary compensation such as productivity-based bonuses and the option for remote work can enhance overall earnings, reflecting the evolving landscape of medical coding careers.
More salary data for Faribault, MN:
Frequently Asked Questions
How much do experienced medical billing and coding specialists make in Faribault in 2026?
What drives higher medical billing and coding specialist pay in Faribault?
What certifications boost medical billing and coding specialist salary in Faribault?
Can experienced medical billing and coding specialists make six figures in Faribault?
How much does medical billing and coding specialist salary increase over time in Faribault?
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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
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $24,388 for medical billing and coding specialists in the Faribault metro area. A 2.32% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Faribault is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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