Average Insurance Claims and Policy Processing Clerks Salary in Olympia-Lacey-Tumwater, WA
Insurance Claims and Policy Processing Clerks in the Olympia-Lacey-Tumwater, WA area earn an impressive average annual salary of $63,010. This figure significantly surpasses the national average of $51,940, indicating a strong local demand and potentially higher cost of doing business in the region. The specialized nature of insurance roles often commands higher compensation in areas with a robust economic base.
Executive Summary
- Average Salary: $63,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $86,200.
- Outlook: With a local workforce of 780 Insurance Claims and Policy Processing Clerks, and a Location Quotient of 4.14, the job market in Olympia-Lacey-Tumwater, WA, demonstrates a substantial concentration of these professionals relative to the national average. This high concentration suggests a robust and established demand for these roles within the local economy, pointing towards a stable and potentially growing job market.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Olympia-Lacey-Tumwater, WA earns+21.3%above the national average.
$30.3
$1,212
$5,251
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 Olympia-Lacey-Tumwater, WA, have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity of insurance regulations, and a persistent demand for skilled administrative support likely contribute to this upward salary trajectory.
Insurance Claims and Policy Processing Clerks Salary Distribution in Olympia-Lacey-Tumwater, WA
Career progression for Insurance Claims and Policy Processing Clerks in Olympia-Lacey-Tumwater, WA, typically involves a significant salary increase 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 salaries well above the average. The percentile gaps in earnings clearly signify the value placed on accumulated expertise and demonstrated performance in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,680 | $22.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,258 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,110 | $27.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,763 | $37.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $86,200 | $41.4 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$63,010
Gross Pay
Real Wage (Purchasing Power)
$63,010
Adjusted for COL (100)
The average annual salary of $63,010 in Olympia-Lacey-Tumwater, WA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that relocating professionals can expect their earnings to cover expenses at a comparable rate to the rest of the country.
Job Market Context
780
Total Jobs
6.143
Per 1K Jobs
4.14
Location Quotient
Olympia-Lacey-Tumwater, WA has 4.1x 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.
The Location Quotient of 4.14 for Insurance Claims and Policy Processing Clerks in Olympia-Lacey-Tumwater, WA, indicates that this profession is over 4 times more concentrated in this area than the national average. This suggests a highly specialized and potentially competitive market, where employers may need to offer attractive compensation to secure and retain talent due to the abundance of available roles relative to the general workforce.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Insurance Claims and Policy Processing Clerks Salary | $63,770↑ 1% | 47 mi |
| Western Washington nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $48,080↓ 24% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Olympia-Lacey-Tumwater, WA is $63,010. This typically ranges from $47,680 for entry-level positions to $86,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 21.3% higher than the national median of $51,940.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, it is a lucrative location.The average salary of $63,010 is significantly higher than the national average, and the high concentration of these roles suggests strong local demand.
Is Olympia-Lacey-Tumwater, WA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($63,770) and Western Washington nonmetropolitan area.
How does the Olympia-Lacey-Tumwater salary compare to the national average?
The average salary of $63,010 in Olympia-Lacey-Tumwater, WA, is approximately 21% higher than the national average of $51,940 for Insurance Claims and Policy Processing Clerks.
What does the Location Quotient of 4.14 mean for job seekers?
A Location Quotient of 4.14 signifies that Insurance Claims and Policy Processing Clerk roles are significantly more prevalent in Olympia-Lacey-Tumwater, WA, than in the average U.S. location, indicating a strong local job market for this profession.
Is the cost of living a factor in the higher salaries?
With a Cost of Living Index of 100, the local cost of living is at the national average. Therefore, the higher salary is likely driven more by specialized demand and concentration rather than a higher cost of living.
What is the total number of Insurance Claims and Policy Processing Clerks in the area?
There are approximately 780 Insurance Claims and Policy Processing Clerks employed in the Olympia-Lacey-Tumwater, WA, 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 780 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 6.143 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 Olympia-Lacey-Tumwater, WA