Average Claims Adjusters, Examiners, and Investigators Salary in Springfield, MO
In Springfield, MO, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $71,930. This figure is slightly below the national average of $76,760, a common occurrence in markets where local economic factors and industry concentration influence compensation. While not reaching the national benchmark, this salary is set within the context of Springfield's specific economic landscape.
Executive Summary
- Average Salary: $71,930 per year.
- Growth Trend: Salaries have shifted 26.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,080.
- Outlook: Springfield, MO supports a local workforce of approximately 400 Claims Adjusters, Examiners, and Investigators. With a Location Quotient of 0.92, the concentration of these roles is very close to the national average, suggesting a stable, albeit not exceptionally high, demand for these professionals. The presence of 1.814 jobs per 1,000 workers indicates a consistent need for skilled individuals in this sector within the region.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Springfield, MO earns-6.3%below the national average.
$34.6
$1,383
$5,994
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data for Springfield's Claims Adjuster salaries over the past four years is not provided, it is reasonable to assume a trend of gradual salary growth, mirroring national patterns. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for specialized roles like claims adjusting, ensuring that salaries remain competitive over time.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Springfield, MO
Career progression for Claims Adjusters, Examiners, and Investigators in Springfield, MO, typically involves a salary increase with experience. Entry-level positions will likely fall below the average of $71,930, while seasoned professionals with extensive experience and specialized certifications can command salaries significantly higher. The percentile gaps between entry-level, mid-career, and senior roles reflect the increasing value and expertise gained over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,310 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,948 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,060 | $31.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,913 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,080 | $47.6 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$71,930
Gross Pay
Real Wage (Purchasing Power)
$71,930
Adjusted for COL (100)
The average annual salary of $71,930 in Springfield, MO, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of a Claims Adjuster's salary in Springfield is comparable to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary effectively translates to a standard standard of living.
Job Market Context
400
Total Jobs
1.814
Per 1K Jobs
0.92
Location Quotient
Springfield, MO has 0.92x the national average concentration of Claims Adjusters, Examiners, and Investigators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.92, Springfield, MO, exhibits a job market for Claims Adjusters, Examiners, and Investigators that is nearly on par with the national average in terms of concentration. This suggests a balanced market where the number of professionals aligns closely with the demand for their services. It indicates a competitive environment without being oversaturated, offering steady opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Claims Adjusters, Examiners, and Investigators Salary | $73,750↑ 3% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Claims Adjusters, Examiners, and Investigatorss?
Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Springfield, MO?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Springfield, MO is $71,930. This typically ranges from $48,310 for entry-level positions to $99,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 6.3% lower than the national median of $76,760.
Is Springfield, MO a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
No, but it offers stability.While the average salary of $71,930 is below the national average, it is balanced by a cost of living that is also at the national average. This indicates a stable job market rather than one offering exceptionally high financial returns.
Is Springfield, MO a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($73,750) and others.
How does the cost of living in Springfield, MO affect salary expectations?
The cost of living in Springfield, MO, is exactly at the national average (100). This means that the average salary of $71,930 provides a purchasing power equivalent to the national average, making it a fair compensation relative to local expenses.
What is the job market like for Claims Adjusters in Springfield, MO?
The job market is stable, with a Location Quotient of 0.92 indicating a concentration of these roles very close to the national average. There are approximately 400 such professionals in the local workforce.
Can I expect my salary to increase with experience as a Claims Adjuster in Springfield, MO?
Yes, career progression typically leads to salary increases. Senior roles and specialized skills will command higher compensation than entry-level positions, reflecting accumulated expertise and responsibility.
How does Springfield, MO compare to the national average for Claims Adjuster salaries?
The average salary in Springfield, MO, is $71,930, which is slightly lower than the national average of $76,760. However, this difference is offset by the local cost of living being at the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Springfield, MO area with a job density of 1.814 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 Springfield, MO