Average Insurance Claims and Policy Processing Clerks Salary in Chattanooga, TN-GA
In Chattanooga, TN-GA, Insurance Claims and Policy Processing Clerks earn an average annual salary of $47,640. This figure is notably below the national average of $51,940, suggesting that local market dynamics, such as regional demand and the cost of labor, play a significant role in compensation for these essential administrative roles.
Executive Summary
- Average Salary: $47,640 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,530.
- Outlook: The local job market for Insurance Claims and Policy Processing Clerks in Chattanooga, TN-GA, appears robust, with a total workforce of 1,040 individuals. The Location Quotient of 2.6 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong local demand and a specialized industry presence within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Chattanooga, TN-GA earns-8.3%below the national average.
$22.9
$916
$3,970
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 Chattanooga, TN-GA, have experienced growth over the past four years, mirroring national trends. Economic factors and inflation typically drive incremental increases in compensation for administrative roles, reflecting an evolving labor market.
Insurance Claims and Policy Processing Clerks Salary Distribution in Chattanooga, TN-GA
Career progression for Insurance Claims and Policy Processing Clerks in Chattanooga, TN-GA, typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting a clear career trajectory and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,320 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,730 | $17.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,650 | $23.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,550 | $28.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,530 | $28.6 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,640
Gross Pay
Real Wage (Purchasing Power)
$47,640
Adjusted for COL (100)
The nominal average salary of $47,640 in Chattanooga, TN-GA, is directly aligned with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is consistent with what one would expect nationally, indicating that the lower nominal wage is balanced by the affordability of living in the area.
Job Market Context
1,040
Total Jobs
3.867
Per 1K Jobs
2.6
Location Quotient
Chattanooga, TN-GA has 2.6x 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 2.6, Chattanooga, TN-GA, exhibits a highly concentrated market for Insurance Claims and Policy Processing Clerks. This suggests that the demand for these professionals is more than double the national average relative to the overall workforce, making it a potentially competitive but also opportunity-rich environment for those in this field.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Insurance Claims and Policy Processing Clerks Salary | $39,060↓ 18% | 23 mi |
| Huntsville, AL Insurance Claims and Policy Processing Clerks Salary | $42,630↓ 11% | 83 mi |
Comparing salaries near Chattanooga, TN-GA
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Chattanooga, TN-GA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Chattanooga, TN-GA is $47,640. This typically ranges from $34,320 for entry-level positions to $59,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chattanooga, TN-GA is 8.3% lower than the national median of $51,940.
Is Chattanooga, TN-GA a lucrative place for Insurance Claims and Policy Processing Clerks?
No, but it offers good value.While the average salary of $47,640 is below the national average, the cost of living is also at the national average. This means your earnings will likely maintain similar purchasing power to other areas.
Is Chattanooga, TN-GA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chattanooga, TN-GA?
Some top paying nearby cities include Cleveland, TN ($39,060) and Huntsville, AL.
How does Chattanooga's salary for this role compare to the national average?
The average annual salary for Insurance Claims and Policy Processing Clerks in Chattanooga, TN-GA, is $47,640, which is lower than the national average of $51,940.
What does the Location Quotient of 2.6 mean for this job in Chattanooga?
A Location Quotient of 2.6 indicates that Insurance Claims and Policy Processing Clerks are more than twice as concentrated in Chattanooga, TN-GA, compared to the national average, suggesting a strong local industry presence and demand.
How does the cost of living in Chattanooga affect the salary?
Chattanooga's Cost of Living Index is 100, matching the national average. This means the $47,640 salary has purchasing power equivalent to the national average, balancing the lower nominal wage.
What is the total number of Insurance Claims and Policy Processing Clerks in Chattanooga?
There are approximately 1,040 Insurance Claims and Policy Processing Clerks employed in the Chattanooga, TN-GA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,040 employees in the Chattanooga, TN-GA area with a job density of 3.867 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 Chattanooga, TN-GA