Average Insurance Claims and Policy Processing Clerks Salary in Binghamton, NY
The average salary for a Insurance Claims and Policy Processing Clerks in Binghamton, NY is $50,850. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $50,850 per year.
- Growth Trend: Salaries have shifted 37.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,410.
- Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Binghamton, NY economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Binghamton, NY earns-2.1%below the national average.
$24.5
$978
$4,238
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
Over the past 4 years, Insurance Claims and Policy Processing Clerks salaries in Binghamton, NY have experienced a rapid surge, growing by 37.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Claims and Policy Processing Clerks Salary Distribution in Binghamton, NY
The earning potential for Insurance Claims and Policy Processing Clerkss in Binghamton, NY varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $39,060, while highly experienced professionals can command wages upwards of $62,410.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,060 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,138 | $18.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,280 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,563 | $30.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,410 | $30 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,850
Gross Pay
Real Wage (Purchasing Power)
$50,850
Adjusted for COL (100)
In Binghamton, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $50,850 to $50,850.
Job Market Context
50
Total Jobs
0.553
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Binghamton, NY has a notably lower concentration of Insurance Claims and Policy Processing Clerks jobs than the national average. Opportunities in this area are relatively scarce for this profession.
50 people work as Insurance Claims and Policy Processing Clerks in Binghamton, NY.
Only 0.553 out of every 1,000 local jobs are Insurance Claims and Policy Processing Clerks roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Binghamton, NY
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Binghamton, NY?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Binghamton, NY is $50,850. This typically ranges from $39,060 for entry-level positions to $62,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 2.1% lower than the national median of $51,940.
Is Binghamton, NY a good place for Insurance Claims and Policy Processing Clerkss?
It depends on your priorities. While the average Insurance Claims and Policy Processing Clerks salary in Binghamton, NY is $50,850 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Binghamton, NY. See distinct detailed breakdown below.
Is Binghamton, NY a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Southwest New York nonmetropolitan area ($48,380) and Central East New York nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Binghamton, NY area with a job density of 0.553 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 Binghamton, NY