Average Insurance Claims and Policy Processing Clerks Salary in U.S.
In U.S., Insurance Claims and Policy Processing Clerks earn an average annual salary of $51,940. This figure precisely matches the national average, indicating that compensation in this state is aligned with broader economic trends for this role. Factors such as the state's specific economic landscape and demand for insurance services likely contribute to this equilibrium.
Executive Summary
- Average Salary: $51,940 per year.
- Growth Trend: Salaries have shifted 46.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,100.
- Outlook: The U.S. employs a substantial workforce of 226,400 Insurance Claims and Policy Processing Clerks. While a specific Location Quotient is not provided, this significant workforce size suggests a robust and established market for these professionals within the state. The sheer volume of individuals in these roles points to consistent demand and a mature industry infrastructure supporting insurance processing operations.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in U.S. earns-0.0%below the national average.
$25
$999
$4,328
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for the U.S. is not detailed, it is generally observed that salaries for Insurance Claims and Policy Processing Clerks nationwide have seen steady growth over the past four years. This trend is typically driven by inflation, increasing demand for insurance services, and the evolving complexity of claims and policy management, suggesting a positive trajectory for earnings in this field.
Insurance Claims and Policy Processing Clerks Salary Distribution in U.S.
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries, often reaching the upper percentiles. These percentile gaps clearly signify the value placed on experience and expertise within the insurance sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,890 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,955 | $18.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,430 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,925 | $31.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $73,100 | $35.1 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$51,940
Gross Pay
Real Wage (Purchasing Power)
$51,940
Adjusted for COL (100)
The nominal average annual salary of $51,940 in U.S. holds its value effectively, given the local Cost of Living Index is precisely at the national average of 100. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in U.S. is comparable to the national standard, offering no significant advantage or disadvantage in terms of affordability.
Job Market Context
226,400
Total Jobs
N/A
Per 1K Jobs
N/A
Location Quotient
With the Location Quotient for Insurance Claims and Policy Processing Clerks in U.S. being N/A (equivalent to the national average of 1.0), the job market is neither exceptionally concentrated nor sparse relative to the nation. This suggests a balanced demand and supply for these roles, indicating a stable employment environment without intense competition or a significant shortage of qualified candidates.
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↓ 22% | 67 mi |
| Tulsa, OK Insurance Claims and Policy Processing Clerks Salary | $50,710↓ 2% | 67 mi |
| Wichita, KS Insurance Claims and Policy Processing Clerks Salary | $48,370↓ 7% | 99 mi |
Comparing salaries near U.S.
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in U.S.?
The median annual salary for a Insurance Claims and Policy Processing Clerks in U.S. is $51,940. This typically ranges from $36,890 for entry-level positions to $73,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in U.S. is 0.0% lower than the national median of $51,940.
Is U.S. a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, U.S. offers a competitive salary aligned with the national average.The average salary of $51,940 matches the national average, and the cost of living is also at the national average, indicating a stable financial standing for these professionals.
Is U.S. a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near U.S.?
Some top paying nearby cities include Joplin, MO-KS ($40,510) and Tulsa, OK.
What is the average salary for an Insurance Claims and Policy Processing Clerk in U.S.?
The average annual salary for an Insurance Claims and Policy Processing Clerk in U.S. is $51,940.
How does the cost of living in U.S. compare to the national average?
The cost of living in U.S. is exactly at the national average, indicated by a Cost of Living Index of 100.
What is the total workforce size for this role in U.S.?
There are approximately 226,400 Insurance Claims and Policy Processing Clerks employed in U.S.
Does experience significantly impact salary for this role in U.S.?
Yes, experience is a key factor in salary progression, with senior roles commanding higher pay than entry-level positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 226,400 employees in the U.S. area with a job density of 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 U.S.