Insurance Claims and Policy Processing Clerks in the Philadelphia-Camden-Wilmington area earn an average annual salary of $55,380. This figure is notably higher than the national average of $51,940, suggesting that local market dynamics and demand contribute to a more favorable compensation landscape for these professionals. The specific economic conditions and industry concentration within this metropolitan region play a significant role in shaping these pay rates.
Executive Summary
- Average Salary: $55,380 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,900.
- Outlook: With a local workforce of 2,740 Insurance Claims and Policy Processing Clerks, the Philadelphia-Camden-Wilmington area demonstrates a substantial presence in this sector. The Location Quotient of 0.64 indicates that while the concentration is slightly below the national average, the sheer volume of jobs per 1,000 workers (0.956) points to a stable and consistent demand for these roles within the region's economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+6.6%above the national average.
$26.6
$1,065
$4,615
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 Philadelphia-Camden-Wilmington have experienced growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typical for roles in established metropolitan areas, driven by increasing operational costs and a persistent need for skilled administrative support within the insurance industry.
Insurance Claims and Policy Processing Clerks Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Insurance Claims and Policy Processing Clerks typically scales with experience. Entry-level positions may start at a lower percentile of the $55,380 average, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. These percentile gaps signify clear career progression pathways and the increasing value placed on expertise and efficiency in claims and policy management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,130 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,535 | $20 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,210 | $24.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,225 | $33.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,900 | $36 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$55,380
Gross Pay
Real Wage (Purchasing Power)
$55,380
Adjusted for COL (100)
The nominal average annual salary of $55,380 in Philadelphia-Camden-Wilmington 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 this region is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country.
Job Market Context
2,740
Total Jobs
0.956
Per 1K Jobs
0.64
Location Quotient
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has 0.64x the national average concentration of Insurance Claims and Policy Processing Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.64 suggests that the Philadelphia-Camden-Wilmington metropolitan area has a slightly lower concentration of Insurance Claims and Policy Processing Clerks relative to the national average. This could imply a less saturated job market, potentially offering more opportunities for skilled professionals seeking employment, or it might indicate a regional specialization in other areas of the insurance sector.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Insurance Claims and Policy Processing Clerks Salary | $56,110↑ 1% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Insurance Claims and Policy Processing Clerks Salary | $48,320↓ 13% | 47 mi |
| Sussex Delaware nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $48,340↓ 13% | 47 mi |
| Reading, PA Insurance Claims and Policy Processing Clerks Salary | $48,120↓ 13% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $55,380. This typically ranges from $40,130 for entry-level positions to $74,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 6.6% higher than the national median of $51,940.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, slightly more lucrative than the national average.The average salary of $55,380 is higher than the national average, indicating a more favorable compensation environment. However, the Cost of Living is also at the national average, meaning the increased pay doesn't translate to greater purchasing power.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($56,110) and Allentown-Bethlehem-Easton, PA-NJ.
How does the local job market compare to the national average for this role?
The Philadelphia-Camden-Wilmington area has a slightly lower concentration of these clerks (LQ of 0.64) compared to the national average, suggesting a potentially less competitive job market.
What is the typical salary range for an entry-level Insurance Claims and Policy Processing Clerk in this area?
While the average is $55,380, entry-level positions would likely fall in the lower percentiles of this range, with salaries increasing significantly with experience and demonstrated skills.
Does the Cost of Living in Philadelphia-Camden-Wilmington affect the value of the average salary?
No, the Cost of Living Index is exactly 100, matching the national average. Therefore, the $55,380 salary has the same purchasing power as the national average salary.
Are there many job openings for Insurance Claims and Policy Processing Clerks in this region?
With 2,740 workers and 0.956 jobs per 1,000, the region supports a significant number of these roles, indicating consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,740 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.956 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD