Average Insurance Claims and Policy Processing Clerks Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, Insurance Claims and Policy Processing Clerks earn an average annual salary of $51,150. This figure is slightly below the national average of $51,940, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the North Carolina market. While close to the national benchmark, subtle variations underscore the importance of understanding local market dynamics.
Executive Summary
- Average Salary: $51,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,530.
- Outlook: The Raleigh-Cary area supports a workforce of 870 Insurance Claims and Policy Processing Clerks, indicating a stable presence within the local job market. With a Location Quotient of 0.81, the concentration of these roles is slightly below the national average, suggesting a moderate level of demand and opportunity. The rate of 1.203 jobs per 1,000 workers further contextualizes the employment landscape for this profession in the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Raleigh-Cary, NC earns-1.5%below the national average.
$24.6
$984
$4,263
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles like Insurance Claims and Policy Processing Clerks experience steady salary growth over four-year periods, driven by inflation, increased demand for insurance services, and the accumulation of experience. This upward trend is typically supported by the evolving complexity of insurance policies and claims processing, necessitating a workforce that commands competitive compensation.
Insurance Claims and Policy Processing Clerks Salary Distribution in Raleigh-Cary, NC
Salary progression for Insurance Claims and Policy Processing Clerks in Raleigh-Cary, NC, typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of claims, policy intricacies, and customer service can command significantly higher salaries. The percentile gaps in earnings clearly signify the career advancement opportunities available, rewarding expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,120 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,363 | $18.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,780 | $23.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,938 | $30.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,530 | $31 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$51,150
Gross Pay
Real Wage (Purchasing Power)
$51,150
Adjusted for COL (100)
The average annual salary of $51,150 in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents without the immediate pressure of a higher cost of living impacting disposable income.
Job Market Context
870
Total Jobs
1.203
Per 1K Jobs
0.81
Location Quotient
Raleigh-Cary, NC has 0.81x 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.
With a Location Quotient of 0.81, the Raleigh-Cary market for Insurance Claims and Policy Processing Clerks is slightly less concentrated than the national average. This suggests that while the profession is present and stable, it may not be a primary hub for this specific role compared to other regions. This could translate to a moderately competitive job market, where opportunities exist but might require targeted job searching.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Insurance Claims and Policy Processing Clerks Salary | $53,720↑ 5% | 18 mi |
| Goldsboro, NC Insurance Claims and Policy Processing Clerks Salary | $45,190↓ 12% | 49 mi |
| Burlington, NC Insurance Claims and Policy Processing Clerks Salary | $50,000↓ 2% | 49 mi |
| Fayetteville, NC Insurance Claims and Policy Processing Clerks Salary | $41,730↓ 18% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Raleigh-Cary, NC?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Raleigh-Cary, NC is $51,150. This typically ranges from $38,120 for entry-level positions to $64,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 1.5% lower than the national median of $51,940.
Is Raleigh-Cary, NC a lucrative place for Insurance Claims and Policy Processing Clerks?
No, not significantly more lucrative than the national average.The average salary of $51,150 is slightly below the national average of $51,940, and the cost of living is exactly at the national average. This indicates comparable earning potential and purchasing power.
Is Raleigh-Cary, NC a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($53,720) and Goldsboro, NC.
How does the number of jobs per 1,000 workers compare nationally?
With 1.203 jobs per 1,000 workers, Raleigh-Cary, NC, has a slightly lower concentration of Insurance Claims and Policy Processing Clerk roles compared to the national average, suggesting a less saturated market.
What is the significance of the Location Quotient (LQ) of 0.81?
An LQ of 0.81 indicates that Insurance Claims and Policy Processing Clerks are 19% less concentrated in Raleigh-Cary, NC, than the national average. This suggests a moderate presence of these jobs in the local economy.
Does the cost of living affect the salary for this role in Raleigh-Cary?
No, the cost of living in Raleigh-Cary, NC, is exactly at the national average (100), meaning the $51,150 salary provides average national purchasing power.
How many Insurance Claims and Policy Processing Clerks work in Raleigh-Cary, NC?
There are approximately 870 Insurance Claims and Policy Processing Clerks employed in the Raleigh-Cary, NC area, representing a stable segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 870 employees in the Raleigh-Cary, NC area with a job density of 1.203 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 Raleigh-Cary, NC