Average Insurance Claims and Policy Processing Clerks Salary in Tennessee
Insurance Claims and Policy Processing Clerks in Tennessee earn an average annual salary of $45,510. This figure is notably below the national average of $51,940, reflecting a combination of regional economic factors and the specific demand dynamics within the state's insurance sector. The lower average salary is often influenced by the prevailing wage scales and the overall economic landscape of Tennessee.
Executive Summary
- Average Salary: $45,510 per year.
- Growth Trend: Salaries have shifted 10.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,700.
- Outlook: With a local workforce of 8,810 individuals in this role, Tennessee demonstrates a significant concentration of Insurance Claims and Policy Processing Clerks, as indicated by a Location Quotient of 1.81. This suggests a robust and specialized job market within the state, where the presence of these professionals is more than double the national average relative to the overall workforce. The substantial number of jobs per 1,000 workers further underscores the active demand for these skills in Tennessee.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Tennessee earns-12.4%below the national average.
$21.9
$875
$3,793
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for Tennessee is not provided, it is reasonable to assume a general upward trend in salaries for Insurance Claims and Policy Processing Clerks over the past four years, mirroring national patterns. Economic recovery, inflation, and evolving industry demands typically contribute to salary growth in most professional fields, and this role is likely no exception, with professionals seeing incremental increases in their compensation.
Insurance Claims and Policy Processing Clerks Salary Distribution in Tennessee
Salary progression for Insurance Claims and Policy Processing Clerks in Tennessee typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings, from the 25th to the 75th percentile, signify the substantial career growth and earning potential available as clerks advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,880 | $15.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,133 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,140 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,888 | $27.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,700 | $26.8 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,510
Gross Pay
Real Wage (Purchasing Power)
$50,343
Adjusted for COL (90.4)
The average annual salary of $45,510 in Tennessee presents a favorable financial standing when considered against the state's Cost of Living Index of 90.4. Since the index is below the national average of 100, the nominal income earned by these clerks offers a relatively strong purchasing power within Tennessee, meaning their earnings can stretch further compared to living in more expensive regions.
Job Market Context
8,810
Total Jobs
2.691
Per 1K Jobs
1.81
Location Quotient
Tennessee has 1.8x the national concentration of Insurance Claims and Policy Processing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Tennessee's Location Quotient of 1.81 for Insurance Claims and Policy Processing Clerks indicates a market that is significantly more concentrated than the national average. This suggests a higher demand or a larger specialized workforce relative to other occupations within the state. While this concentration points to a potentially competitive environment for job seekers, it also signifies a mature and established industry for these roles within Tennessee.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Insurance Claims and Policy Processing Clerks Salary | $46,740↑ 3% | 29 mi |
| Clarksville, TN-KY Insurance Claims and Policy Processing Clerks Salary | $44,980↓ 1% | 67 mi |
| Huntsville, AL Insurance Claims and Policy Processing Clerks Salary | $42,630↓ 6% | 73 mi |
| Decatur, AL Insurance Claims and Policy Processing Clerks Salary | $45,260↓ 1% | 83 mi |
Comparing salaries near Tennessee
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Tennessee?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Tennessee is $45,510. This typically ranges from $32,880 for entry-level positions to $55,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tennessee is 12.4% lower than the national median of $51,940.
Is Tennessee a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, with a caveat regarding the national average.While the average salary of $45,510 is below the national average, Tennessee's lower cost of living means the nominal salary offers good purchasing power. The high concentration of jobs (LQ 1.81) also indicates strong local demand.
Is Tennessee a good place to live for Insurance Claims and Policy Processing Clerks?
With a Cost of Living Index of 90.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Tennessee?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($46,740) and Clarksville, TN-KY.
How does the cost of living in Tennessee affect the salary?
Tennessee's Cost of Living Index is 90.4, which is below the national average. This means that the $45,510 average salary for Insurance Claims and Policy Processing Clerks has greater purchasing power in Tennessee than a similar salary would in a higher cost-of-living state.
What does the Location Quotient (LQ) of 1.81 mean for this role in Tennessee?
An LQ of 1.81 signifies that Insurance Claims and Policy Processing Clerks are more than 1.8 times more concentrated in Tennessee's workforce compared to the national average. This indicates a strong presence and potentially higher demand for these professionals within the state.
How many Insurance Claims and Policy Processing Clerk jobs are there in Tennessee?
There are approximately 8,810 Insurance Claims and Policy Processing Clerks employed in Tennessee, representing 2.691 jobs per 1,000 workers in the state's overall labor market.
Is the job market for Insurance Claims and Policy Processing Clerks growing in Tennessee?
While specific growth rates aren't provided, the substantial workforce size and high Location Quotient suggest a stable and established market for these roles in Tennessee, likely experiencing typical industry-related fluctuations and potential growth.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,810 employees in the Tennessee area with a job density of 2.691 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 Tennessee