Average Insurance Claims and Policy Processing Clerks Salary in Jackson, MS
In Jackson, MS, Insurance Claims and Policy Processing Clerks earn an average annual salary of $51,210. This figure is slightly below the national average of $51,940, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Mississippi market. While the pay is comparable nationally, local conditions play a key role in shaping this average.
Executive Summary
- Average Salary: $51,210 per year.
- Growth Trend: Salaries have shifted 28.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,980.
- Outlook: The job market for Insurance Claims and Policy Processing Clerks in Jackson, MS, shows a moderate level of concentration, with a Location Quotient of 1.2, suggesting a slightly higher presence of these roles compared to the national average. The total local workforce of 480 indicates a stable, albeit not expansive, demand for these professionals within the region, pointing to a consistent need for their services.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Jackson, MS earns-1.4%below the national average.
$24.6
$985
$4,268
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for Jackson, MS is not provided, it is 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 shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for such administrative roles, ensuring that pay remains competitive within the local context.
Insurance Claims and Policy Processing Clerks Salary Distribution in Jackson, MS
Career progression for Insurance Claims and Policy Processing Clerks in Jackson, MS, 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 significantly higher than the average. The gap between entry-level and senior roles signifies a clear path for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,490 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,408 | $18.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,600 | $22.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,013 | $30.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,980 | $38 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$51,210
Gross Pay
Real Wage (Purchasing Power)
$51,210
Adjusted for COL (100)
For professionals considering a move to Jackson, MS, the nominal average salary of $51,210 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in Jackson is equivalent to the national average, offering a stable financial outlook without the immediate pressure of higher or lower living expenses compared to the rest of the country.
Job Market Context
480
Total Jobs
1.788
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Jackson, MS has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
With a Location Quotient of 1.2, Jackson, MS, exhibits a slightly higher concentration of Insurance Claims and Policy Processing Clerks than the national average. This suggests a moderately competitive market where demand is present and perhaps slightly more focused than in other regions, potentially offering more specialized opportunities for those in the field.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Jackson, MS
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Jackson, MS?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Jackson, MS is $51,210. This typically ranges from $34,490 for entry-level positions to $78,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 1.4% lower than the national median of $51,940.
Is Jackson, MS a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, Jackson, MS offers a stable earning potential for Insurance Claims and Policy Processing Clerks.The average salary of $51,210 is on par with the national average, and the cost of living index of 100 means your earnings will have equivalent purchasing power.
Is Jackson, MS a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($41,820) and Lower East Mississippi nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 480 indicates a steady, established presence of these roles, suggesting consistent opportunities rather than rapid expansion.
What does a Location Quotient of 1.2 mean for this role?
A Location Quotient of 1.2 signifies that Insurance Claims and Policy Processing Clerks are slightly more concentrated in Jackson, MS, than the national average, indicating a focused regional demand.
How does experience impact salary in Jackson, MS?
As with most professions, experience is a key driver of salary growth, with senior clerks earning more than those in entry-level positions.
Is the cost of living a factor when considering a job in Jackson, MS?
No, the cost of living in Jackson, MS, is exactly at the national average (100), meaning your salary's purchasing power will be consistent with national averages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Jackson, MS area with a job density of 1.788 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 Jackson, MS