Average Insurance Claims and Policy Processing Clerks Salary in Syracuse, NY
Insurance Claims and Policy Processing Clerks in Syracuse, NY, earn an average annual salary of $57,040. This figure surpasses the national average of $51,940, indicating a slightly more favorable compensation landscape within the city. Local economic factors and industry demand contribute to this elevated pay scale for these essential administrative roles.
Executive Summary
- Average Salary: $57,040 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,380.
- Outlook: Syracuse, NY, hosts a dedicated workforce of 330 Insurance Claims and Policy Processing Clerks. While the Location Quotient of 0.75 suggests a slightly lower concentration compared to the national average, the presence of over three hundred professionals indicates a stable and established job market for this occupation within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Syracuse, NY earns+9.8%above the national average.
$27.4
$1,097
$4,753
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 Syracuse have experienced steady 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 and policy management.
Insurance Claims and Policy Processing Clerks Salary Distribution in Syracuse, NY
Career progression for Insurance Claims and Policy Processing Clerks in Syracuse, NY, is typically marked by increasing salary potential. 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 salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,990 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,780 | $20.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,510 | $25.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $71,300 | $34.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $75,380 | $36.2 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$57,040
Gross Pay
Real Wage (Purchasing Power)
$57,040
Adjusted for COL (100)
With an average annual salary of $57,040 and a Cost of Living Index of 100 (matching the national average), the nominal salary in Syracuse, NY, offers purchasing power equivalent to the national standard. This means that the $57,040 earned by Insurance Claims and Policy Processing Clerks in Syracuse will generally cover living expenses comparably to what $51,940 would cover nationally, adjusted for the local cost of goods and services.
Job Market Context
330
Total Jobs
1.112
Per 1K Jobs
0.75
Location Quotient
Syracuse, NY has 0.75x 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 0.75 for Insurance Claims and Policy Processing Clerks in Syracuse, NY, indicates that the occupation is slightly less concentrated than the national average. This suggests that while the job market is present and stable with 1.112 jobs per 1,000 workers, it may offer a slightly less competitive environment for job seekers compared to areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Utica-Rome, NY Insurance Claims and Policy Processing Clerks Salary | $52,040↓ 9% | 46 mi |
| Binghamton, NY Insurance Claims and Policy Processing Clerks Salary | $50,850↓ 11% | 66 mi |
Comparing salaries near Syracuse, NY
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Syracuse, NY?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Syracuse, NY is $57,040. This typically ranges from $39,990 for entry-level positions to $75,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Syracuse, NY is 9.8% higher than the national median of $51,940.
Is Syracuse, NY a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, Syracuse, NY offers a slightly more lucrative environment for these roles.The average salary of $57,040 in Syracuse exceeds the national average, and with a cost of living index at the national average, the purchasing power is favorable.
Is Syracuse, NY a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Syracuse, NY?
Some top paying nearby cities include Utica-Rome, NY ($52,040) and Binghamton, NY.
How does the Syracuse salary compare to the national average?
The average annual salary for Insurance Claims and Policy Processing Clerks in Syracuse, NY, is $57,040, which is higher than the national average of $51,940.
What is the cost of living in Syracuse, NY for these professionals?
The Cost of Living Index in Syracuse, NY, is 100, which is exactly the national average, meaning the cost of goods and services is comparable nationwide.
How concentrated is the job market for Insurance Claims and Policy Processing Clerks in Syracuse?
The Location Quotient of 0.75 indicates that Insurance Claims and Policy Processing Clerks are slightly less concentrated in Syracuse compared to the national average, suggesting a stable but potentially less saturated market.
What is the total number of Insurance Claims and Policy Processing Clerks in Syracuse?
There are approximately 330 Insurance Claims and Policy Processing Clerks employed in Syracuse, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Syracuse, NY area with a job density of 1.112 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 Syracuse, NY