Average Insurance Claims and Policy Processing Clerks Salary in Washington
Insurance Claims and Policy Processing Clerks in Washington State earn an impressive average annual salary of $62,900, significantly surpassing the national average of $51,940. This elevated compensation is likely driven by a combination of factors unique to the state's economic landscape, including a robust insurance sector and potentially higher regional operational costs for employers.
Executive Summary
- Average Salary: $62,900 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,050.
- Outlook: With a local workforce of 3,920 individuals in this role, Washington presents a substantial, albeit not overwhelmingly concentrated, employment base for Insurance Claims and Policy Processing Clerks. The Location Quotient of 0.75 suggests that while the profession is present, it is slightly less concentrated than the national average, indicating a stable demand that may not be saturated.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Washington earns+21.1%above the national average.
$30.2
$1,210
$5,242
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 Washington have experienced steady growth over the past four years, mirroring broader economic trends and inflation adjustments. This upward trajectory in compensation is typical for roles supporting vital industries like insurance, especially in a state with a dynamic economy.
Insurance Claims and Policy Processing Clerks Salary Distribution in Washington
Career progression for Insurance Claims and Policy Processing Clerks in Washington typically involves a noticeable salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the upper percentiles, reflecting a clear path for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,470 | $20.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,175 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,190 | $28.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,625 | $37.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $89,050 | $42.8 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$62,900
Gross Pay
Real Wage (Purchasing Power)
$54,648
Adjusted for COL (115.1)
The nominal average salary of $62,900 in Washington must be considered alongside the state's Cost of Living Index of 115.1. This index indicates that living expenses are approximately 15.1% higher than the national average. Therefore, while the gross salary is higher, the purchasing power may be somewhat tempered by these increased costs.
Job Market Context
3,920
Total Jobs
1.108
Per 1K Jobs
0.75
Location Quotient
Washington 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 Washington indicates that this profession is employed at a rate slightly below the national average relative to the overall workforce. This suggests a market that is neither overly saturated nor exceptionally scarce, offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Insurance Claims and Policy Processing Clerks Salary | $63,770↑ 1% | 42 mi |
| Olympia-Lacey-Tumwater, WA Insurance Claims and Policy Processing Clerks Salary | $63,010↑ 0% | 70 mi |
Comparing salaries near Washington
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Washington?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Washington is $62,900. This typically ranges from $42,470 for entry-level positions to $89,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 21.1% higher than the national median of $51,940.
Is Washington a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, Washington offers a lucrative environment for Insurance Claims and Policy Processing Clerks.The average salary of $62,900 is substantially higher than the national average, providing a strong nominal income. However, this must be balanced against a higher cost of living, making the net financial benefit dependent on individual spending habits.
Is Washington a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($63,770) and Olympia-Lacey-Tumwater, WA.
How does Washington's salary compare to the national average for this role?
Insurance Claims and Policy Processing Clerks in Washington earn approximately $11,000 more annually than their national counterparts, with an average salary of $62,900 compared to the national average of $51,940.
What is the concentration of Insurance Claims and Policy Processing Clerks in Washington?
The concentration, measured by the Location Quotient, is 0.75, indicating that this profession is slightly less prevalent in Washington's workforce compared to the national average.
How does the cost of living affect the $62,900 salary in Washington?
With a Cost of Living Index of 115.1, Washington is more expensive than the national average. This means the $62,900 salary has less purchasing power than it would in a lower-cost area, though it remains a strong nominal wage.
What does the job market size suggest for Insurance Claims and Policy Processing Clerks in Washington?
The total local workforce of 3,920 suggests a significant number of opportunities, indicating a stable and established presence for this role within the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,920 employees in the Washington area with a job density of 1.108 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 Washington