Average Insurance Claims and Policy Processing Clerks Salary in Springfield, MO
In Springfield, MO, Insurance Claims and Policy Processing Clerks earn an average annual salary of $47,160. This figure is approximately 9.2% lower than the national average of $51,940. Localized economic factors, including regional demand and the cost of doing business, typically influence these pay scales, leading to variations from national benchmarks.
Executive Summary
- Average Salary: $47,160 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,020.
- Outlook: Springfield, MO supports a dedicated workforce of 370 Insurance Claims and Policy Processing Clerks. The Location Quotient of 1.11 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not overwhelmingly dominant, demand within the local job market. This concentration implies a consistent need for these specialized administrative functions within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Springfield, MO earns-9.2%below the national average.
$22.7
$907
$3,930
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for Springfield, MO is not provided, it is reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for insurance services, and the evolving complexity of claims processing, all of which contribute to upward pressure on compensation.
Insurance Claims and Policy Processing Clerks Salary Distribution in Springfield, MO
Career progression for Insurance Claims and Policy Processing Clerks in Springfield, MO, is typically marked by increasing salary levels. Entry-level positions may start closer to the lower end of the pay scale, while experienced professionals with specialized skills or supervisory responsibilities can command significantly higher salaries. The percentile gaps in salary distribution reflect these advancements, with senior clerks earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,710 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,370 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,530 | $21.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,950 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $65,020 | $31.3 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,160
Gross Pay
Real Wage (Purchasing Power)
$47,160
Adjusted for COL (100)
The average annual salary of $47,160 in Springfield, MO, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in Springfield is comparable to that of a clerk earning the national average in a city with a national average cost of living. Therefore, the nominal salary holds its value effectively within the local economic environment.
Job Market Context
370
Total Jobs
1.647
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Springfield, MO has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
With a Location Quotient of 1.11, Springfield, MO, exhibits a slightly higher concentration of Insurance Claims and Policy Processing Clerks than the national average. This suggests that the job market for these roles is moderately competitive, with a slightly greater availability of positions relative to the overall workforce compared to the rest of the country. While not an exceptionally high concentration, it indicates a steady presence and ongoing need for these professionals in the area.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Insurance Claims and Policy Processing Clerks Salary | $40,510↓ 14% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Insurance Claims and Policy Processing Clerks Salary | $45,660↓ 3% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Springfield, MO?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Springfield, MO is $47,160. This typically ranges from $34,710 for entry-level positions to $65,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 9.2% lower than the national median of $51,940.
Is Springfield, MO a lucrative place for Insurance Claims and Policy Processing Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $47,160 is below the national average of $51,940, although the cost of living is at the national average, making the salary's purchasing power comparable.
Is Springfield, MO a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($40,510) and Fayetteville-Springdale-Rogers, AR.
How does the number of jobs per 1,000 workers compare nationally?
Springfield, MO has 1.647 jobs per 1,000 workers for Insurance Claims and Policy Processing Clerks, which is a specific metric indicating local employment density for this role.
What is the total number of Insurance Claims and Policy Processing Clerks in Springfield, MO?
There are approximately 370 Insurance Claims and Policy Processing Clerks employed in Springfield, MO.
Does experience impact salary for this role in Springfield, MO?
Yes, as with most professions, experience significantly influences earning potential, with senior clerks typically earning more than entry-level staff.
How does the local salary compare to the national average?
The average salary in Springfield, MO ($47,160) is lower than the national average ($51,940) by about 9.2%.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Springfield, MO area with a job density of 1.647 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Claims and Policy Processing Clerks Salaries by State
Top Jobs in Springfield, MO
- All Occupations Salary in Springfield, MO
- Office and Administrative Support Occupations Salary in Springfield, MO
- Transportation and Material Moving Occupations Salary in Springfield, MO
- Food Preparation and Serving Related Occupations Salary in Springfield, MO
- Sales and Related Occupations Salary in Springfield, MO
- Healthcare Practitioners and Technical Occupations Salary in Springfield, MO
- Management Occupations Salary in Springfield, MO
- Production Occupations Salary in Springfield, MO
- Educational Instruction and Library Occupations Salary in Springfield, MO
- Healthcare Support Occupations Salary in Springfield, MO
- Browse All Jobs in Springfield, MO →
Semantic Salary Analysis for Insurance Claims and Policy Processing Clerks • Data source: BLS OEWS 2024 •Jobs in Springfield, MO