In Nashville-Davidson--Murfreesboro--Franklin, TN, Insurance Claims and Policy Processing Clerks earn an average annual salary of $46,740. This figure is notably below the national average of $51,940, suggesting that local market dynamics and potentially a different cost of living structure influence compensation for these roles within the state.
Executive Summary
- Average Salary: $46,740 per year.
- Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,280.
- Outlook: The Nashville metropolitan area supports a substantial workforce of approximately 3,500 Insurance Claims and Policy Processing Clerks. With a Location Quotient of 2.15, this indicates a significantly higher concentration of these roles compared to the national average, signaling robust demand and a specialized job market within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Nashville-Davidson--Murfreesboro--Franklin, TN earns-10.0%below the national average.
$22.5
$899
$3,895
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 the Nashville area have seen gradual growth over the past four years, mirroring national trends of wage increases driven by inflation, evolving job responsibilities, and a competitive labor market.
Insurance Claims and Policy Processing Clerks Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary scale that increases with experience. Entry-level positions might start at a lower percentile, while senior clerks with extensive knowledge and specialized skills can command salaries in the higher percentiles, reflecting a clear path for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,200 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,055 | $16.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,250 | $23.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,425 | $28.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,280 | $28.5 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$46,740
Gross Pay
Real Wage (Purchasing Power)
$46,740
Adjusted for COL (100)
The average annual salary of $46,740 in Nashville-Davidson--Murfreesboro--Franklin, TN, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national standard, making the financial aspect of relocating or working in this area neutral.
Job Market Context
3,500
Total Jobs
3.195
Per 1K Jobs
2.15
Location Quotient
Nashville-Davidson--Murfreesboro--Franklin, TN has 2.1x the national concentration of Insurance Claims and Policy Processing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 2.15 for Insurance Claims and Policy Processing Clerks in the Nashville area signifies a market that is more than twice as concentrated as the national average. This suggests a highly specialized and potentially competitive job market where employers actively seek candidates with specific skills relevant to the insurance industry's presence in Tennessee.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Nashville-Davidson--Murfreesboro--Franklin, TN is $46,740. This typically ranges from $31,200 for entry-level positions to $59,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 10.0% lower than the national median of $51,940.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Insurance Claims and Policy Processing Clerks?
No, not more lucrative than the national average.While the concentration of these jobs is high, the average salary of $46,740 is below the national average of $51,940. However, the cost of living being at the national average means the purchasing power is comparable.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($35,600) and South Central Tennessee nonmetropolitan area.
How does the Nashville insurance clerk salary compare to the national average?
The average annual salary for Insurance Claims and Policy Processing Clerks in Nashville is $46,740, which is lower than the national average of $51,940.
What does the Location Quotient of 2.15 mean for this role in Nashville?
A Location Quotient of 2.15 indicates that Insurance Claims and Policy Processing Clerk roles are more than twice as concentrated in the Nashville area compared to the national average, suggesting higher local demand or specialization.
Is the cost of living in Nashville higher or lower than the national average?
The cost of living in Nashville-Davidson--Murfreesboro--Franklin, TN is exactly at the national average, with a Cost of Living Index of 100.
How many Insurance Claims and Policy Processing Clerks work in the Nashville area?
There are approximately 3,500 Insurance Claims and Policy Processing Clerks employed in the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,500 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 3.195 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 Nashville-Davidson--Murfreesboro--Franklin, TN