Average Insurance Claims and Policy Processing Clerks Salary in Lafayette, LA
The average salary for Insurance Claims and Policy Processing Clerkss in Lafayette, LA is $43,340. While this is lower than the national average, the cost of living in Lafayette, LA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $43,340 per year.
- Growth Trend: Salaries have shifted 30.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,020.
- Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 160 professionals. This role remains a specialized component of the broader Lafayette, LA economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Lafayette, LA earns-16.6%below the national average.
$20.8
$833
$3,612
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
Over the past 4 years, Insurance Claims and Policy Processing Clerks salaries in Lafayette, LA have experienced a rapid surge, growing by 30.1%. 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 Lafayette, LA
The earning potential for Insurance Claims and Policy Processing Clerkss in Lafayette, LA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $27,760, while highly experienced professionals can command wages upwards of $71,020.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,760 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,505 | $15.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,630 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,175 | $26 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,020 | $34.1 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$43,340
Gross Pay
Real Wage (Purchasing Power)
$43,340
Adjusted for COL (100)
In Lafayette, LA, the Cost of Living Index is 100. This increases your effective purchasing power from $43,340 to $43,340.
Job Market Context
160
Total Jobs
0.884
Per 1K Jobs
0.59
Location Quotient
Lafayette, LA has 0.59x 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.
160 people work as Insurance Claims and Policy Processing Clerks in Lafayette, LA.
Only 0.884 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
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Insurance Claims and Policy Processing Clerks Salary | $44,590↑ 3% | 56 mi |
| Southwest Louisiana nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $40,550↓ 6% | 67 mi |
| Central Louisiana nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $40,070↓ 8% | 67 mi |
Comparing salaries near Lafayette, LA
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Lafayette, LA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Lafayette, LA is $43,340. This typically ranges from $27,760 for entry-level positions to $71,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 16.6% lower than the national median of $51,940.
Is Lafayette, LA 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 Lafayette, LA is $43,340 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lafayette, LA. See distinct detailed breakdown below.
Is Lafayette, LA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($44,590) and Southwest Louisiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 160 employees in the Lafayette, LA area with a job density of 0.884 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 Lafayette, LA