Average Insurance Claims and Policy Processing Clerks Salary in Manchester-Nashua, NH
Insurance Claims and Policy Processing Clerks in the Manchester-Nashua, NH area earn an impressive average annual salary of $66,340. This figure significantly surpasses the national average of $51,940, indicating a robust local demand for these specialized roles. The higher compensation in this region is likely driven by a combination of factors, including the concentration of insurance-related businesses and the overall economic landscape of New Hampshire.
Executive Summary
- Average Salary: $66,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,780.
- Outlook: The Manchester-Nashua region demonstrates a healthy employment environment for Insurance Claims and Policy Processing Clerks, with a local workforce of 330 individuals in this role. The Location Quotient of 1.09 suggests a slightly higher concentration of these jobs compared to the national average, implying a stable and potentially growing demand for skilled professionals in this sector within the local economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Manchester-Nashua, NH earns+27.7%above the national average.
$31.9
$1,276
$5,528
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 Manchester-Nashua have experienced a positive growth trend over the past four years, mirroring national trends. Economic factors, inflation, and increasing demand for insurance services typically contribute to upward salary adjustments in specialized administrative roles.
Insurance Claims and Policy Processing Clerks Salary Distribution in Manchester-Nashua, NH
Career progression for Insurance Claims and Policy Processing Clerks in Manchester-Nashua typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive knowledge and responsibilities can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,900 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,755 | $23.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,710 | $30.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,925 | $39.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,780 | $48 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$66,340
Gross Pay
Real Wage (Purchasing Power)
$66,340
Adjusted for COL (100)
The average annual salary of $66,340 in Manchester-Nashua, NH, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary translates directly into purchasing power equivalent to the national average, offering a stable financial foundation for residents without the added pressure of a significantly higher cost of living.
Job Market Context
330
Total Jobs
1.617
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Manchester-Nashua, NH 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 1.09, the Manchester-Nashua area exhibits a slightly higher concentration of Insurance Claims and Policy Processing Clerk positions than the national average. This suggests a competitive yet accessible job market, where employers may actively seek qualified candidates, offering a favorable environment for job seekers looking to enter or advance in this profession.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Manchester-Nashua, NH
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Manchester-Nashua, NH?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Manchester-Nashua, NH is $66,340. This typically ranges from $45,900 for entry-level positions to $99,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Manchester-Nashua, NH is 27.7% higher than the national median of $51,940.
Is Manchester-Nashua, NH a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it is a lucrative location.The average salary of $66,340 is significantly higher than the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Manchester-Nashua, NH a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Manchester-Nashua, NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Manchester-Nashua, NH?
Some top paying nearby cities include Central New Hampshire nonmetropolitan area ($58,910) and Northern New Hampshire nonmetropolitan area.
How does the Manchester-Nashua salary compare to the national average?
The average salary for Insurance Claims and Policy Processing Clerks in Manchester-Nashua, NH is $66,340, which is considerably higher than the national average of $51,940.
What is the concentration of Insurance Claims and Policy Processing Clerk jobs in Manchester-Nashua?
The Location Quotient of 1.09 indicates a slightly higher concentration of these jobs in Manchester-Nashua compared to the national average, suggesting a healthy local market.
Does the cost of living affect the value of the salary in Manchester-Nashua?
No, the Cost of Living Index is 100, which is the national average. Therefore, the salary of $66,340 offers purchasing power equivalent to the national average.
How many Insurance Claims and Policy Processing Clerks work in Manchester-Nashua?
There are approximately 330 Insurance Claims and Policy Processing Clerks employed in the Manchester-Nashua, NH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Manchester-Nashua, NH area with a job density of 1.617 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 Manchester-Nashua, NH