Insurance Claims and Policy Processing Clerks in the Austin-Round Rock-San Marcos, TX area earn an average annual salary of $54,960. This figure surpasses the national average of $51,940, indicating a slightly more favorable compensation landscape in this Texas metropolitan region. Local economic factors and demand likely contribute to this elevated pay.
Executive Summary
- Average Salary: $54,960 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,220.
- Outlook: The Austin-Round Rock-San Marcos area supports a robust workforce of 2,080 Insurance Claims and Policy Processing Clerks. With a Location Quotient of 1.11, this region demonstrates a concentration of these roles that is 11% higher than the national average, suggesting a healthy and potentially growing demand for these professionals.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Austin-Round Rock-San Marcos, TX earns+5.8%above the national average.
$26.4
$1,057
$4,580
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks in Austin-Round Rock-San Marcos, TX, have experienced steady growth over the past four years, mirroring national trends of wage increases driven by inflation, evolving job responsibilities, and sustained demand in the insurance sector.
Insurance Claims and Policy Processing Clerks Salary Distribution in Austin-Round Rock-San Marcos, TX
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while senior clerks with extensive knowledge and responsibilities can command salaries in the higher percentiles, reflecting a clear path for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,490 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,220 | $19.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,930 | $24 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,700 | $33 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,220 | $37.6 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$54,960
Gross Pay
Real Wage (Purchasing Power)
$54,960
Adjusted for COL (100)
The average annual salary of $54,960 in Austin-Round Rock-San Marcos, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in this area is equivalent to the national standard, offering stable financial stability without significant cost-of-living adjustments.
Job Market Context
2,080
Total Jobs
1.651
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Austin-Round Rock-San Marcos, TX has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
A Location Quotient of 1.11 signifies that Insurance Claims and Policy Processing Clerk roles are slightly more concentrated in the Austin-Round Rock-San Marcos, TX area than the national average. This suggests a competitive yet accessible job market, where employers may actively seek qualified candidates, offering opportunities for those looking to enter or advance in this profession.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Austin-Round Rock-San Marcos, TX
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Austin-Round Rock-San Marcos, TX?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Austin-Round Rock-San Marcos, TX is $54,960. This typically ranges from $38,490 for entry-level positions to $78,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Austin-Round Rock-San Marcos, TX is 5.8% higher than the national median of $51,940.
Is Austin-Round Rock-San Marcos, TX a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it offers slightly above-average compensation.The average salary of $54,960 is higher than the national average, and the cost of living is on par with the national average, making it a financially sound location.
Is Austin-Round Rock-San Marcos, TX a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Austin-Round Rock-San Marcos, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Austin-Round Rock-San Marcos, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($47,940) and Northwestern Region of Texas nonmetropolitan area.
How does the local workforce size impact job opportunities?
A local workforce of 2,080 indicates a substantial presence of these roles, suggesting a stable job market with ongoing opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 1.11 mean for job seekers?
A Location Quotient of 1.11 means there are more jobs per capita for this role in Austin-Round Rock-San Marcos, TX, compared to the national average, indicating a slightly higher demand and potentially more competitive hiring environment.
How does the cost of living affect the real value of the salary?
With a Cost of Living Index of 100, the $54,960 salary in Austin-Round Rock-San Marcos, TX, has the same purchasing power as the national average salary, meaning your earnings will cover expenses comparably to the rest of the country.
Are there significant salary differences based on experience for this role in Austin?
Yes, like most professions, experience plays a crucial role. Entry-level clerks will earn less, while those with several years of experience and specialized skills can expect to earn significantly more, moving into higher salary percentiles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,080 employees in the Austin-Round Rock-San Marcos, TX area with a job density of 1.651 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Insurance Claims and Policy Processing Clerks • Data source: BLS OEWS 2024 •Jobs in Austin-Round Rock-San Marcos, TX