Average Claims Adjusters, Examiners, and Investigators Salary in Montana
In Montana, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $68,900. This figure is notably below the national average of $76,760, suggesting that local economic factors and demand dynamics play a significant role in compensation within the state. The specific economic landscape and industry concentration in Montana contribute to this differential.
Executive Summary
- Average Salary: $68,900 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,830.
- Outlook: With a local workforce of 1,140 professionals in this field, Montana presents a moderately sized market for Claims Adjusters, Examiners, and Investigators. The Location Quotient of 1.13 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not exceptionally booming, demand for these specialized skills within the state's economy.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Montana earns-10.2%below the national average.
$33.1
$1,325
$5,742
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data for Montana's Claims Adjuster salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and evolving insurance industry demands typically drive incremental salary increases for such roles over time, reflecting a consistent, albeit potentially modest, progression in earning potential.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Montana
Salary progression for Claims Adjusters, Examiners, and Investigators in Montana, as elsewhere, is typically tied to experience and specialization. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized certifications can command salaries significantly higher than the average. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,020 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,675 | $24.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,240 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,125 | $41.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,830 | $48.5 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$68,900
Gross Pay
Real Wage (Purchasing Power)
$64,453
Adjusted for COL (106.9)
The average annual salary of $68,900 in Montana needs to be viewed in the context of its Cost of Living Index of 106.9. This index, slightly above the national average of 100, means that while the nominal salary is lower than the national average, the purchasing power might be somewhat closer when accounting for local expenses. However, the higher cost of living does temper the impact of the lower average salary.
Job Market Context
1,140
Total Jobs
2.231
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Montana has a slightly higher-than-average concentration of Claims Adjusters, Examiners, and Investigators roles compared to the national norm.
Montana's Location Quotient of 1.13 for Claims Adjusters, Examiners, and Investigators suggests a market that is slightly more concentrated than the national average. This indicates a healthy presence of these roles, implying a competitive yet accessible job market. Professionals in this field may find a good balance between available opportunities and the number of peers in the state.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Great Falls, MT Claims Adjusters, Examiners, and Investigators Salary | $61,040↓ 11% | 56 mi |
| Helena, MT Claims Adjusters, Examiners, and Investigators Salary | $74,890↑ 9% | 77 mi |
| Bozeman, MT Claims Adjusters, Examiners, and Investigators Salary | $80,820↑ 17% | 90 mi |
Comparing salaries near Montana
Hiring Claims Adjusters, Examiners, and Investigatorss?
Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Montana?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Montana is $68,900. This typically ranges from $41,020 for entry-level positions to $100,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montana is 10.2% lower than the national median of $76,760.
Is Montana a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
No, not as lucrative as the national average.While Montana has a slightly higher concentration of these roles, the average salary of $68,900 is below the national average of $76,760, and the cost of living is also slightly higher.
Is Montana a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Montana is 106.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montana?
Some top paying nearby cities include Great Falls, MT ($61,040) and Helena, MT.
What is the average salary for a Claims Adjuster in Montana?
The average annual salary for Claims Adjusters, Examiners, and Investigators in Montana is approximately $68,900.
How does Montana's salary compare to the national average?
Montana's average salary of $68,900 is lower than the national average of $76,760 for Claims Adjusters, Examiners, and Investigators.
What is the cost of living in Montana compared to the national average?
Montana's Cost of Living Index is 106.9, which is slightly higher than the national average of 100.
Is there a high demand for Claims Adjusters in Montana?
With a Location Quotient of 1.13, Montana shows a slightly higher concentration of these roles than the national average, indicating a stable demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,140 employees in the Montana area with a job density of 2.231 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Montana