Average Insurance Claims and Policy Processing Clerks Salary in Montgomery, AL
The average salary for Insurance Claims and Policy Processing Clerkss in Montgomery, AL is $40,270. While this is lower than the national average, the cost of living in Montgomery, AL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $40,270 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $50,180.
- Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Montgomery, AL economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Montgomery, AL earns-22.5%below the national average.
$19.4
$774
$3,356
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
Over the past 4 years, Insurance Claims and Policy Processing Clerks salaries in Montgomery, AL have shown healthy growth of 14.9%. 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 Montgomery, AL
The earning potential for Insurance Claims and Policy Processing Clerkss in Montgomery, AL 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 $31,940, while highly experienced professionals can command wages upwards of $50,180.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,940 | $15.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,203 | $14.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,630 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,338 | $24.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $50,180 | $24.1 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$40,270
Gross Pay
Real Wage (Purchasing Power)
$40,270
Adjusted for COL (100)
In Montgomery, AL, the Cost of Living Index is 100. This increases your effective purchasing power from $40,270 to $40,270.
Job Market Context
90
Total Jobs
0.537
Per 1K Jobs
0.36
Location Quotient
At 0.36x, Montgomery, AL has a notably lower concentration of Insurance Claims and Policy Processing Clerks jobs than the national average. Opportunities in this area are relatively scarce for this profession.
90 people work as Insurance Claims and Policy Processing Clerks in Montgomery, AL.
Only 0.537 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. |
|---|---|---|
| Northeast Alabama nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $36,820↓ 9% | 44 mi |
| Auburn-Opelika, AL Insurance Claims and Policy Processing Clerks Salary | $37,040↓ 8% | 49 mi |
Comparing salaries near Montgomery, AL
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Montgomery, AL?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Montgomery, AL is $40,270. This typically ranges from $31,940 for entry-level positions to $50,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 22.5% lower than the national median of $51,940.
Is Montgomery, AL 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 Montgomery, AL is $40,270 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Montgomery, AL. See distinct detailed breakdown below.
Is Montgomery, AL a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($36,820) and Auburn-Opelika, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Montgomery, AL area with a job density of 0.537 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 Montgomery, AL