SalaryNode

Average Insurance Claims and Policy Processing Clerks Salary in Kankakee, IL

The average salary for Insurance Claims and Policy Processing Clerkss in Kankakee, IL is $44,320. While this is lower than the national average, the cost of living in Kankakee, IL may offset the difference, preserving real purchasing power.

Executive Summary

  • Average Salary: $44,320 per year.
  • Growth Trend: Salaries have shifted 28.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $56,470.
  • Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Kankakee, IL economy.
2024 Market Data

Salary Overview

$44,320

The average Insurance Claims and Policy Processing Clerks in Kankakee, IL earns-14.7%below the national average.

BreakdownBased on 40h/week
Hourly

$21.3

Weekly

$852

Monthly

$3,693

Insurance Claims and Policy Processing Clerks Salary Distribution in Kankakee, IL

The earning potential for Insurance Claims and Policy Processing Clerkss in Kankakee, IL varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $38,240, while highly experienced professionals can command wages upwards of $56,470.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$38,240$18.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,240$16
ManagerOversees team, compliance, and project delivery.50% (Median)$38,480$18.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$55,400$26.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$56,470$27.1

Detailed Insurance Claims and Policy Processing Clerks Market Analysis

Relocation Context

Nominal Salary

$44,320

Gross Pay

Real Wage (Purchasing Power)

$44,320

Adjusted for COL (100)

In Kankakee, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $44,320 to $44,320.

Job Market Context

30

Total Jobs

0.779

Per 1K Jobs

0.52

Location Quotient

Below Average

Kankakee, IL has 0.52x 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.

30 people work as Insurance Claims and Policy Processing Clerks in Kankakee, IL.

Only 0.779 out of every 1,000 local jobs are Insurance Claims and Policy Processing Clerks roles — this is a niche profession in the area.

Nearby Job Markets

Hiring Insurance Claims and Policy Processing Clerkss?

Frequently Asked Questions

How much does a Insurance Claims and Policy Processing Clerks make in Kankakee, IL?

The median annual salary for a Insurance Claims and Policy Processing Clerks in Kankakee, IL is $44,320. This typically ranges from $38,240 for entry-level positions to $56,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kankakee, IL is 14.7% lower than the national median of $51,940.

Is Kankakee, IL a good place for Insurance Claims and Policy Processing Clerkss?

It depends on your priorities. While the average Insurance Claims and Policy Processing Clerks salary in Kankakee, IL is $44,320 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Kankakee, IL. See distinct detailed breakdown below.

Is Kankakee, IL a good place to live for Insurance Claims and Policy Processing Clerks?

The Cost of Living Index in Kankakee, IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Kankakee, IL?

Some top paying nearby cities include Chicago-Naperville-Elgin, IL-IN ($53,870) and Michigan City-La Porte, IN.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30 employees in the Kankakee, IL area with a job density of 0.779 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.