Average Insurance Claims and Policy Processing Clerks Salary in Springfield, IL
The average salary for a Insurance Claims and Policy Processing Clerks in Springfield, IL is $47,010. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $47,010 per year.
- Growth Trend: Salaries have shifted 19.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,960.
- Outlook: The current demand for Insurance Claims and Policy Processing Clerkss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Springfield, IL economy.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Springfield, IL earns-9.5%below the national average.
$22.6
$904
$3,918
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
Over the past 4 years, Insurance Claims and Policy Processing Clerks salaries in Springfield, IL have shown healthy growth of 19.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Claims and Policy Processing Clerks Salary Distribution in Springfield, IL
The earning potential for Insurance Claims and Policy Processing Clerkss in Springfield, IL varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $35,960, while highly experienced professionals can command wages upwards of $59,960.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,960 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,258 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,990 | $21.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,763 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,960 | $28.8 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,010
Gross Pay
Real Wage (Purchasing Power)
$47,010
Adjusted for COL (100)
In Springfield, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $47,010 to $47,010.
Job Market Context
150
Total Jobs
1.437
Per 1K Jobs
0.97
Location Quotient
Springfield, IL has 0.97x 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.
150 people work as Insurance Claims and Policy Processing Clerks in Springfield, IL.
1.437 out of every 1,000 local jobs are Insurance Claims and Policy Processing Clerks positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
Comparing salaries near Springfield, IL
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Springfield, IL?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Springfield, IL is $47,010. This typically ranges from $35,960 for entry-level positions to $59,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 9.5% lower than the national median of $51,940.
Is Springfield, IL a good place for Insurance Claims and Policy Processing Clerkss?
It depends on your priorities. While the average Insurance Claims and Policy Processing Clerks salary in Springfield, IL is $47,010 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Springfield, IL. See distinct detailed breakdown below.
Is Springfield, IL a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($54,070) and West Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Springfield, IL area with a job density of 1.437 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 Springfield, IL