Average Insurance Claims and Policy Processing Clerks Salary in Bloomington, IL
In Bloomington, IL, Insurance Claims and Policy Processing Clerks earn an average annual salary of $52,390. This figure slightly surpasses the national average of $51,940, indicating a localized demand that supports competitive compensation. The specific economic drivers and industry concentration within Bloomington contribute to this favorable pay scale for these essential administrative roles.
Executive Summary
- Average Salary: $52,390 per year.
- Growth Trend: Salaries have shifted 25.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,580.
- Outlook: Bloomington, IL presents a robust job market for Insurance Claims and Policy Processing Clerks, evidenced by a substantial local workforce of 880 individuals. The exceptionally high Location Quotient of 6.59 signifies a significant concentration of these roles compared to the national average, suggesting strong and sustained demand within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Bloomington, IL earns+0.9%above the national average.
$25.2
$1,008
$4,366
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 Bloomington, IL have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for insurance services, and the need for skilled administrative support within the sector.
Insurance Claims and Policy Processing Clerks Salary Distribution in Bloomington, IL
Career progression for Insurance Claims and Policy Processing Clerks in Bloomington, IL typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as clerks gain expertise in policy interpretation, claims handling, and customer service, their earning potential escalates, with senior roles commanding higher salaries, reflecting their accumulated knowledge and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,220 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,293 | $18.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,710 | $22.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,488 | $31.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $70,580 | $33.9 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$52,390
Gross Pay
Real Wage (Purchasing Power)
$52,390
Adjusted for COL (100)
The nominal average salary of $52,390 in Bloomington, IL aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in Bloomington is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
880
Total Jobs
9.792
Per 1K Jobs
6.59
Location Quotient
Bloomington, IL has 6.6x the national concentration of Insurance Claims and Policy Processing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 6.59, Bloomington, IL demonstrates a highly concentrated market for Insurance Claims and Policy Processing Clerks. This indicates that the demand for these professionals is significantly higher relative to the national average, suggesting a competitive landscape for employers seeking talent and favorable opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Bloomington, IL
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Bloomington, IL?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Bloomington, IL is $52,390. This typically ranges from $40,220 for entry-level positions to $70,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 0.9% higher than the national median of $51,940.
Is Bloomington, IL a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, Bloomington, IL offers a slightly above-average compensation for Insurance Claims and Policy Processing Clerks.The average salary of $52,390 slightly exceeds the national average, and the cost of living is exactly at the national average, making it a financially stable location for these professionals.
Is Bloomington, IL a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($45,010) and East Central Illinois nonmetropolitan area.
How does the Bloomington, IL job market compare to the national average for this role?
Bloomington, IL's job market for Insurance Claims and Policy Processing Clerks is significantly more concentrated than the national average, as indicated by a Location Quotient of 6.59, suggesting higher relative demand.
What is the cost of living impact on the salary in Bloomington, IL?
The cost of living in Bloomington, IL is precisely at the national average (100), meaning the $52,390 salary offers purchasing power equivalent to the national average.
How many Insurance Claims and Policy Processing Clerk jobs are there per 1,000 workers in Bloomington, IL?
There are approximately 9.792 jobs per 1,000 workers for Insurance Claims and Policy Processing Clerks in Bloomington, IL, highlighting the role's prevalence in the local economy.
What is the total number of Insurance Claims and Policy Processing Clerks in Bloomington, IL?
The total local workforce for Insurance Claims and Policy Processing Clerks in Bloomington, IL is approximately 880 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 880 employees in the Bloomington, IL area with a job density of 9.792 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 Bloomington, IL