Insurance Claims and Policy Processing Clerks in the Hartford-West Hartford-East Hartford, CT area earn an impressive average annual salary of $60,910. This figure significantly surpasses the national average of $51,940, indicating a strong local demand and potentially higher compensation expectations within this sector in Connecticut. The concentration of the insurance industry in the region likely drives this elevated pay scale.
Executive Summary
- Average Salary: $60,910 per year.
- Growth Trend: Salaries have shifted 0.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,180.
- Outlook: The Hartford-West Hartford-East Hartford metropolitan area supports a robust local workforce of 1,200 Insurance Claims and Policy Processing Clerks. With a Location Quotient of 1.36, this role is more concentrated here than the national average, suggesting a healthy and active job market with consistent demand for these professionals.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Hartford-West Hartford-East Hartford, CT earns+17.3%above the national average.
$29.3
$1,171
$5,076
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 the Hartford area have experienced steady growth over the past four years, mirroring national trends of increasing wages driven by inflation and evolving industry demands. This suggests a positive trajectory for compensation in this role.
Insurance Claims and Policy Processing Clerks Salary Distribution in Hartford-West Hartford-East Hartford, CT
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,900 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $45,683 | $22 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,530 | $29.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $76,138 | $36.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,180 | $37.6 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$60,910
Gross Pay
Real Wage (Purchasing Power)
$60,910
Adjusted for COL (100)
The average annual salary of $60,910 in Hartford-West Hartford-East Hartford aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in this area is equivalent to the national standard, offering a stable financial environment.
Job Market Context
1,200
Total Jobs
2.021
Per 1K Jobs
1.36
Location Quotient
With a location quotient of 1.36, Hartford-West Hartford-East Hartford, CT has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
A Location Quotient of 1.36 signifies that Insurance Claims and Policy Processing Clerks are 36% more concentrated in the Hartford-West Hartford-East Hartford area compared to the national average. This indicates a competitive market where employers may need to offer attractive compensation to secure and retain talent, while also suggesting ample opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Waterbury-Shelton, CT Insurance Claims and Policy Processing Clerks Salary | $50,250↓ 18% | 23 mi |
| Springfield, MA Insurance Claims and Policy Processing Clerks Salary | $53,470↓ 12% | 25 mi |
| New Haven, CT Insurance Claims and Policy Processing Clerks Salary | $57,490↓ 6% | 34 mi |
| Norwich-New London-Willimantic, CT Insurance Claims and Policy Processing Clerks Salary | $52,680↓ 14% | 34 mi |
Comparing salaries near Hartford-West Hartford-East Hartford, CT
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Hartford-West Hartford-East Hartford, CT?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Hartford-West Hartford-East Hartford, CT is $60,910. This typically ranges from $47,900 for entry-level positions to $78,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hartford-West Hartford-East Hartford, CT is 17.3% higher than the national median of $51,940.
Is Hartford-West Hartford-East Hartford, CT a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it is a lucrative place.The average salary of $60,910 is significantly higher than the national average, and the cost of living is on par with the national average, making it financially advantageous.
Is Hartford-West Hartford-East Hartford, CT a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Hartford-West Hartford-East Hartford, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hartford-West Hartford-East Hartford, CT?
Some top paying nearby cities include Waterbury-Shelton, CT ($50,250) and Springfield, MA.
How does the local salary compare to the national average?
The average salary for Insurance Claims and Policy Processing Clerks in Hartford-West Hartford-East Hartford, CT is $60,910, which is $9,000 higher than the national average of $51,940.
What is the significance of the Location Quotient (LQ) of 1.36?
An LQ of 1.36 means that the concentration of Insurance Claims and Policy Processing Clerks in the Hartford area is 36% higher than the national average, indicating a strong presence and demand for these roles in the region.
Does the cost of living affect the value of the salary?
No, the cost of living in Hartford-West Hartford-East Hartford is exactly at the national average (100). Therefore, the higher nominal salary translates directly to equivalent purchasing power compared to the national average.
How many Insurance Claims and Policy Processing Clerks work in the Hartford area?
There are approximately 1,200 Insurance Claims and Policy Processing Clerks employed in the Hartford-West Hartford-East Hartford 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 1,200 employees in the Hartford-West Hartford-East Hartford, CT area with a job density of 2.021 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 Hartford-West Hartford-East Hartford, CT