Average Insurance Claims and Policy Processing Clerks Salary in Kokomo, IN
The average salary for Insurance Claims and Policy Processing Clerkss in Kokomo, IN is $45,200. While this is lower than the national average, the cost of living in Kokomo, IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $45,200 per year.
- Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,370.
- Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Kokomo, IN economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Kokomo, IN earns-13.0%below the national average.
$21.7
$869
$3,767
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
Over the past 4 years, Insurance Claims and Policy Processing Clerks salaries in Kokomo, IN have shown healthy growth of 13.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Claims and Policy Processing Clerks Salary Distribution in Kokomo, IN
The earning potential for Insurance Claims and Policy Processing Clerkss in Kokomo, IN 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 $38,010, while highly experienced professionals can command wages upwards of $61,370.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,010 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,900 | $16.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,040 | $21.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,500 | $27.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,370 | $29.5 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,200
Gross Pay
Real Wage (Purchasing Power)
$45,200
Adjusted for COL (100)
In Kokomo, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $45,200 to $45,200.
Job Market Context
40
Total Jobs
1.086
Per 1K Jobs
0.73
Location Quotient
Kokomo, IN has 0.73x 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.
40 people work as Insurance Claims and Policy Processing Clerks in Kokomo, IN.
1.086 out of every 1,000 local jobs are Insurance Claims and Policy Processing Clerks positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Kokomo, IN
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Kokomo, IN?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Kokomo, IN is $45,200. This typically ranges from $38,010 for entry-level positions to $61,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 13.0% lower than the national median of $51,940.
Is Kokomo, IN 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 Kokomo, IN is $45,200 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Kokomo, IN. See distinct detailed breakdown below.
Is Kokomo, IN a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($50,590) and Muncie, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Kokomo, IN area with a job density of 1.086 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 Kokomo, IN