Average Insurance Claims and Policy Processing Clerks Salary in Oklahoma City, OK
In Oklahoma City, OK, Insurance Claims and Policy Processing Clerks earn an average annual salary of $48,700. This figure is slightly below the national average of $51,940, reflecting localized economic factors and demand within the state. The specific compensation reflects the interplay of local market conditions and the cost of living in the region.
Executive Summary
- Average Salary: $48,700 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,850.
- Outlook: With a local workforce of 1,070 professionals in this role, Oklahoma City presents a stable, albeit not exceptionally concentrated, job market for Insurance Claims and Policy Processing Clerks. The Location Quotient of 1.07 indicates a presence that is slightly above the national average, suggesting a steady demand for these specialized skills within the city's economic landscape.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Oklahoma City, OK earns-6.2%below the national average.
$23.4
$937
$4,058
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for Oklahoma City is not provided, it is reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks have seen gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for insurance services, and the evolving complexity of claims and policy management.
Insurance Claims and Policy Processing Clerks Salary Distribution in Oklahoma City, OK
Salary progression for Insurance Claims and Policy Processing Clerks in Oklahoma City, OK, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command significantly higher salaries, often reaching into the upper percentiles of the pay range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,220 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,525 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,330 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,875 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,850 | $29.3 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,700
Gross Pay
Real Wage (Purchasing Power)
$48,700
Adjusted for COL (100)
The nominal average salary of $48,700 in Oklahoma City aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in Oklahoma City is equivalent to the national average, making it a financially stable location for these professionals.
Job Market Context
1,070
Total Jobs
1.592
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Oklahoma City, OK has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
The Location Quotient of 1.07 for Insurance Claims and Policy Processing Clerks in Oklahoma City suggests a job market that is slightly more concentrated than the national average. This indicates a healthy presence of these roles, implying a competitive environment where employers actively seek qualified candidates, but not to the extent of a saturated market.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Northeast Oklahoma nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $45,830↓ 6% | 34 mi |
Comparing salaries near Oklahoma City, OK
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Oklahoma City, OK?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Oklahoma City, OK is $48,700. This typically ranges from $35,220 for entry-level positions to $60,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 6.2% lower than the national median of $51,940.
Is Oklahoma City, OK a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it offers good value relative to cost of living.While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power equivalent. The slightly above-average concentration of these roles suggests stable demand.
Is Oklahoma City, OK a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Northeast Oklahoma nonmetropolitan area ($45,830) and others.
What is the average salary for an Insurance Claims and Policy Processing Clerk in Oklahoma City, OK?
The average annual salary for an Insurance Claims and Policy Processing Clerk in Oklahoma City, OK is $48,700.
How does the Oklahoma City salary compare to the national average?
The average salary in Oklahoma City ($48,700) is slightly lower than the national average ($51,940).
What is the cost of living in Oklahoma City, OK?
Oklahoma City, OK has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Insurance Claims and Policy Processing Clerk jobs in Oklahoma City?
The Location Quotient is 1.07, indicating that these jobs are slightly more concentrated in Oklahoma City than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,070 employees in the Oklahoma City, OK area with a job density of 1.592 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 Oklahoma City, OK