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Average Insurance Claims and Policy Processing Clerks Salary in Norwich-New London-Willimantic, CT

The average salary for a Insurance Claims and Policy Processing Clerks in Norwich-New London-Willimantic, CT is $52,680. This compensation is in line with national standards, reflecting a balanced and stable local job market.

Executive Summary

  • Average Salary: $52,680 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $61,450.
  • Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Norwich-New London-Willimantic, CT economy.
2024 Market Data

Salary Overview

$52,680

The average Insurance Claims and Policy Processing Clerks in Norwich-New London-Willimantic, CT earns+1.4%above the national average.

BreakdownBased on 40h/week
Hourly

$25.3

Weekly

$1,013

Monthly

$4,390

Insurance Claims and Policy Processing Clerks Salary Distribution in Norwich-New London-Willimantic, CT

The earning potential for Insurance Claims and Policy Processing Clerkss in Norwich-New London-Willimantic, CT 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 $43,840, while highly experienced professionals can command wages upwards of $61,450.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$43,840$21.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$39,510$19
ManagerOversees team, compliance, and project delivery.50% (Median)$52,490$25.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$65,850$31.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$61,450$29.5

Detailed Insurance Claims and Policy Processing Clerks Market Analysis

Relocation Context

Nominal Salary

$52,680

Gross Pay

Real Wage (Purchasing Power)

$52,680

Adjusted for COL (100)

In Norwich-New London-Willimantic, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $52,680 to $52,680.

Job Market Context

30

Total Jobs

0.251

Per 1K Jobs

0.17

Location Quotient

Low Concentration

At 0.17x, Norwich-New London-Willimantic, CT 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.

30 people work as Insurance Claims and Policy Processing Clerks in Norwich-New London-Willimantic, CT.

Only 0.251 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

Comparing salaries near Norwich-New London-Willimantic, CT

Hiring Insurance Claims and Policy Processing Clerkss?

Frequently Asked Questions

How much does a Insurance Claims and Policy Processing Clerks make in Norwich-New London-Willimantic, CT?

The median annual salary for a Insurance Claims and Policy Processing Clerks in Norwich-New London-Willimantic, CT is $52,680. This typically ranges from $43,840 for entry-level positions to $61,450 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Norwich-New London-Willimantic, CT is 1.4% higher than the national median of $51,940.

Is Norwich-New London-Willimantic, CT a good place for Insurance Claims and Policy Processing Clerkss?

Yes, Norwich-New London-Willimantic, CT is financially attractive for Insurance Claims and Policy Processing Clerkss. The average salary of $52,680 exceeds the national average. See distinct detailed breakdown below.

Is Norwich-New London-Willimantic, CT a good place to live for Insurance Claims and Policy Processing Clerks?

The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Norwich-New London-Willimantic, CT?

Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($60,910) and Providence-Warwick, RI-MA.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30 employees in the Norwich-New London-Willimantic, CT area with a job density of 0.251 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.