In the Grand Rapids-Wyoming-Kentwood, MI area, Insurance Claims and Policy Processing Clerks earn an average annual salary of $48,330. This figure is slightly below the national average of $51,940, a common trend in metropolitan areas with specific economic drivers that can influence wage scales. The local job market dynamics and cost of living play a significant role in shaping this compensation.
Executive Summary
- Average Salary: $48,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,220.
- Outlook: The Grand Rapids-Wyoming-Kentwood, MI area supports a local workforce of 620 Insurance Claims and Policy Processing Clerks. With a Location Quotient of 0.74, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated market. The presence of over 1,100 jobs per 1,000 workers indicates a consistent demand for these essential administrative positions within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Grand Rapids-Wyoming-Kentwood, MI earns-7.0%below the national average.
$23.2
$929
$4,028
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for this role in Grand Rapids is not provided, it's reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks have seen gradual growth over the past four years, mirroring national trends. Economic factors, inflation, and evolving industry demands typically contribute to modest annual increases in compensation for administrative and support roles.
Insurance Claims and Policy Processing Clerks Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Career progression for Insurance Claims and Policy Processing Clerks typically involves moving from entry-level positions to more senior or specialized roles. As clerks gain experience, their responsibilities often expand, leading to higher salaries. The percentile gaps in earnings, from the lower end for those starting out to the higher end for seasoned professionals, clearly signify opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,730 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,248 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,300 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,413 | $29 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,220 | $29 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,330
Gross Pay
Real Wage (Purchasing Power)
$48,330
Adjusted for COL (100)
The average annual salary of $48,330 in Grand Rapids-Wyoming-Kentwood, MI aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of goods and services in the area is neither a significant advantage nor disadvantage when compared to the rest of the country.
Job Market Context
620
Total Jobs
1.105
Per 1K Jobs
0.74
Location Quotient
Grand Rapids-Wyoming-Kentwood, MI has 0.74x 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.
With a Location Quotient of 0.74, the Grand Rapids-Wyoming-Kentwood, MI market has a slightly lower concentration of Insurance Claims and Policy Processing Clerks compared to the national average. This suggests that while the jobs exist and are needed, the market is not as heavily populated with these specialists as in some other regions, potentially indicating a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Grand Rapids-Wyoming-Kentwood, MI is $48,330. This typically ranges from $36,730 for entry-level positions to $60,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 7.0% lower than the national median of $51,940.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Insurance Claims and Policy Processing Clerks?
No, not significantly more lucrative than the national average.The average salary of $48,330 is below the national average of $51,940, although the cost of living is on par with the national average.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($47,810) and Kalamazoo-Portage, MI.
How does the number of local jobs compare to the national average?
There are 1.105 jobs per 1,000 workers in Grand Rapids-Wyoming-Kentwood, MI for this role, which is slightly below the national average, indicating a moderate presence.
What is the total workforce size for this role in Grand Rapids?
The total local workforce for Insurance Claims and Policy Processing Clerks in the Grand Rapids-Wyoming-Kentwood, MI area is approximately 620 individuals.
Does the cost of living impact the perceived value of the salary?
No, the cost of living in Grand Rapids-Wyoming-Kentwood, MI is exactly at the national average (100), meaning the $48,330 salary has average purchasing power nationally.
Is the job market for Insurance Claims and Policy Processing Clerks in Grand Rapids competitive?
The market is moderately competitive, with a Location Quotient below 1.0 suggesting fewer specialists relative to the national average, but still a stable demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 620 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 1.105 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 Grand Rapids-Wyoming-Kentwood, MI