Average Insurance Claims and Policy Processing Clerks Salary in Worcester, MA
In Worcester, MA, Insurance Claims and Policy Processing Clerks earn an average annual salary of $53,910. This figure slightly surpasses the national average of $51,940, indicating a modest premium for professionals in this New England city. Local economic factors and the specific demand within the Worcester area contribute to this slightly elevated compensation.
Executive Summary
- Average Salary: $53,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,540.
- Outlook: With a local workforce of 590 professionals in this role, Worcester demonstrates a notable concentration of Insurance Claims and Policy Processing Clerks, as evidenced by a Location Quotient of 1.13. This suggests a slightly higher prevalence of these roles compared to the national average, pointing towards a stable and potentially growing job market for these administrative positions within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Worcester, MA earns+3.8%above the national average.
$25.9
$1,037
$4,493
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 Worcester, like most professions over the past four years, have experienced a steady upward trend. This growth is typically driven by inflation, increasing demand for insurance services, and the need for skilled administrative support within the sector.
Insurance Claims and Policy Processing Clerks Salary Distribution in Worcester, MA
Career progression for Insurance Claims and Policy Processing Clerks in Worcester typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command salaries significantly above the average. The percentile gaps in salary distributions clearly signify these opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,440 | $20.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,433 | $19.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,830 | $25.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,388 | $32.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,540 | $30.5 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$53,910
Gross Pay
Real Wage (Purchasing Power)
$53,910
Adjusted for COL (100)
The average annual salary of $53,910 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national standard, offering no significant advantage or disadvantage in terms of real income when relocating to or residing in Worcester.
Job Market Context
590
Total Jobs
1.678
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Worcester, MA has a slightly higher-than-average concentration of Insurance Claims and Policy Processing Clerks roles compared to the national norm.
Worcester's Location Quotient of 1.13 for Insurance Claims and Policy Processing Clerks indicates a market that is slightly more concentrated than the national average. This suggests a healthy demand for these roles within the local economy, making the job market competitive but also offering ample opportunities for skilled individuals to find employment.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Insurance Claims and Policy Processing Clerks Salary | $58,730↑ 9% | 14 mi |
| Providence-Warwick, RI-MA Insurance Claims and Policy Processing Clerks Salary | $54,130↑ 0% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Insurance Claims and Policy Processing Clerks Salary | $58,490↑ 8% | 37 mi |
| Springfield, MA Insurance Claims and Policy Processing Clerks Salary | $53,470↓ 1% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Insurance Claims and Policy Processing Clerkss?
Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Worcester, MA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Worcester, MA is $53,910. This typically ranges from $42,440 for entry-level positions to $63,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 3.8% higher than the national median of $51,940.
Is Worcester, MA a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, moderately so.The average salary of $53,910 is above the national average, and the cost of living is on par, meaning your earnings have good purchasing power locally. The slightly higher concentration of these roles also suggests consistent demand.
Is Worcester, MA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($58,730) and Providence-Warwick, RI-MA.
How does Worcester's salary compare to the national average for this role?
Insurance Claims and Policy Processing Clerks in Worcester earn an average of $53,910 annually, which is approximately $1,970 higher than the national average of $51,940.
What is the significance of the Location Quotient in Worcester?
A Location Quotient of 1.13 means that Worcester has 13% more Insurance Claims and Policy Processing Clerks per worker than the national average, indicating a slightly stronger local presence and demand for this occupation.
Does the cost of living in Worcester affect the value of the salary?
No, the cost of living in Worcester is exactly at the national average (100). Therefore, the average salary of $53,910 has a purchasing power equivalent to the national average.
How many Insurance Claims and Policy Processing Clerks work in Worcester?
There are approximately 590 Insurance Claims and Policy Processing Clerks employed in Worcester, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 590 employees in the Worcester, MA area with a job density of 1.678 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 Worcester, MA