Average Insurance Claims and Policy Processing Clerks Salary in Boston-Cambridge-Newton, MA-NH
Insurance Claims and Policy Processing Clerks in the Boston-Cambridge-Newton, MA-NH area earn an average annual salary of $58,490, significantly surpassing the national average of $51,940. This higher compensation is often attributed to the region's robust economic landscape and the specialized skill set required for these roles within a major metropolitan hub.
Executive Summary
- Average Salary: $58,490 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,700.
- Outlook: With a local workforce of 3,710 individuals in this role and a Location Quotient of 0.92, the Boston-Cambridge-Newton area demonstrates a stable, albeit slightly below national average, concentration of Insurance Claims and Policy Processing Clerks. This suggests a consistent demand for these professionals, indicating a healthy job market that supports current employment levels.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Boston-Cambridge-Newton, MA-NH earns+12.6%above the national average.
$28.1
$1,125
$4,874
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Insurance Claims and Policy Processing Clerks have seen a steady upward trend over the past four years, mirroring broader economic growth and inflation. This suggests that professionals in this field can anticipate continued salary progression, especially in dynamic metropolitan areas like Boston.
Insurance Claims and Policy Processing Clerks Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Insurance Claims and Policy Processing Clerks typically involves a noticeable salary increase with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive expertise and specialized knowledge can command salaries in the higher percentiles, reflecting their value and contribution to the organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,650 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,868 | $21.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,130 | $27.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,113 | $35.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,700 | $36.9 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$58,490
Gross Pay
Real Wage (Purchasing Power)
$58,490
Adjusted for COL (100)
The average annual salary of $58,490 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is comparable to the national average, offering a balanced financial environment for residents.
Job Market Context
3,710
Total Jobs
1.37
Per 1K Jobs
0.92
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.92x the national average concentration of Insurance Claims and Policy Processing Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.92 indicates that the concentration of Insurance Claims and Policy Processing Clerks in Boston-Cambridge-Newton, MA-NH is slightly below the national average. This suggests that while the job market is not oversaturated, there is a substantial presence of these roles, offering a competitive yet accessible environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $58,730↑ 0% | 24 mi |
| Worcester, MA Insurance Claims and Policy Processing Clerks Salary | $53,910↓ 8% | 37 mi |
| Providence-Warwick, RI-MA Insurance Claims and Policy Processing Clerks Salary | $54,130↓ 7% | 38 mi |
| Manchester-Nashua, NH Insurance Claims and Policy Processing Clerks Salary | $66,340↑ 13% | 50 mi |
| Barnstable Town, MA Insurance Claims and Policy Processing Clerks Salary | $59,640↑ 2% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Boston-Cambridge-Newton, MA-NH is $58,490. This typically ranges from $42,650 for entry-level positions to $76,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 12.6% higher than the national median of $51,940.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it offers above-average earnings.The average salary of $58,490 is notably higher than the national average. Coupled with a cost of living index at the national average, this makes the region financially attractive for these professionals.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($58,730) and Worcester, MA.
How does the Boston salary compare to the national average?
The average salary for Insurance Claims and Policy Processing Clerks in Boston-Cambridge-Newton, MA-NH is $58,490, which is $6,550 higher than the national average of $51,940.
What is the job concentration for this role in Boston?
The Location Quotient of 0.92 indicates that the concentration of Insurance Claims and Policy Processing Clerks in Boston-Cambridge-Newton, MA-NH is slightly below the national average, suggesting a stable but not overly dense job market.
How does the cost of living affect the salary in Boston?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. This means the higher nominal salary in Boston provides purchasing power equivalent to the national average.
What is the total number of Insurance Claims and Policy Processing Clerks in the Boston area?
There are approximately 3,710 Insurance Claims and Policy Processing Clerks employed in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,710 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 1.37 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 Boston-Cambridge-Newton, MA-NH