Average Insurance Claims and Policy Processing Clerks Salary in Providence-Warwick, RI-MA
In Providence-Warwick, RI-MA, Insurance Claims and Policy Processing Clerks earn an average annual salary of $54,130. This figure slightly surpasses the national average of $51,940, indicating a localized premium for these roles. Factors such as regional economic conditions and the specific demand within the local insurance sector likely contribute to this compensation differential.
Executive Summary
- Average Salary: $54,130 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,150.
- Outlook: The Providence-Warwick area supports a workforce of 860 Insurance Claims and Policy Processing Clerks. With a Location Quotient of 0.82, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated job market. The presence of over 1.2 jobs per 1,000 workers indicates a consistent demand for skilled professionals in this field within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Providence-Warwick, RI-MA earns+4.2%above the national average.
$26
$1,041
$4,511
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for this precise role in Providence-Warwick is not provided, it is reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks have seen a gradual upward trend over the past four years, mirroring general economic growth and inflation. This suggests a positive trajectory for compensation in this sector, driven by evolving industry needs and the increasing complexity of insurance processes.
Insurance Claims and Policy Processing Clerks Salary Distribution in Providence-Warwick, RI-MA
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary scale that increases with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive knowledge and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant earning potential as one advances in their career within this occupation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,800 | $20.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,598 | $19.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,740 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,663 | $32.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,150 | $32.8 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$54,130
Gross Pay
Real Wage (Purchasing Power)
$54,130
Adjusted for COL (100)
The average annual salary of $54,130 in Providence-Warwick aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in this area is equivalent to the national standard, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
860
Total Jobs
1.221
Per 1K Jobs
0.82
Location Quotient
Providence-Warwick, RI-MA has 0.82x 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.
A Location Quotient of 0.82 for Insurance Claims and Policy Processing Clerks in Providence-Warwick suggests that this occupation is slightly less concentrated than the national average. This indicates that while the job market is present and stable, it may not be as densely populated with these specific roles compared to other regions, potentially offering a balanced competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Providence-Warwick, RI-MA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Providence-Warwick, RI-MA is $54,130. This typically ranges from $41,800 for entry-level positions to $68,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 4.2% higher than the national median of $51,940.
Is Providence-Warwick, RI-MA a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, moderately so.The average salary of $54,130 slightly exceeds the national average, and the cost of living is on par with the national average, offering good purchasing power.
Is Providence-Warwick, RI-MA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($58,730) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
The average salary for Insurance Claims and Policy Processing Clerks in Providence-Warwick is $54,130, which is slightly higher than the national average of $51,940.
What is the cost of living in Providence-Warwick, RI-MA?
The Cost of Living Index in Providence-Warwick is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated is the job market for Insurance Claims and Policy Processing Clerks in this area?
The Location Quotient of 0.82 indicates that the concentration of these jobs is slightly below the national average, suggesting a stable but not overly saturated market.
What does the total local workforce size imply?
With 860 Insurance Claims and Policy Processing Clerks, the local workforce is substantial enough to indicate consistent demand and opportunities within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 860 employees in the Providence-Warwick, RI-MA area with a job density of 1.221 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 Providence-Warwick, RI-MA