The medical billing and coding salary outlook varies. Some factors to consider include which city and state you’re working in, what organization you work for, and also whether or not you specialize as a medical coder.

Based upon the Bureau of Labor Statistics (BLS) research in this profession, here’s a look at average salaries for coders depending on where they work (1):

Federal, State and Local Government: $46,090

Outpatient Care Facilities: $31,440

Nursing Care Centers: $33,380

Doctors’ Offices: $29,030

Hospitals – General Medical and Surgical: $37,020

The BLS classifies medical coding professionals as “Medical Records and Health Information Technicians.” Based on their statistics, there are certain specific industries that offer the highest medical billing and coding salary. These industries and the average salary for the medical coder working in these areas include (1):

Political, Professional, Labor, Business and Similar Organizations: $49,710

Federal, State and Local Government: $46,090

Giving Services and Grantmaking: $43,830

Insurance Carriers: $42,820

For the past several years, the top-paying states for medical coding jobs include (1):

New Jersey – $47,050

District of Columbia – $43,140

Hawaii – $42,430

Maryland – $40,930

Massachusetts – $40,230

Keep in mind that the salaries listed by BLS for medical coders do not include the professionals who have chosen to work independently. To explore the possibilities of building your own successful medical coding and billing business and working from home, click here.

In the medical coding and billing profession, salary is just one thing to consider. There’s even more good news.

In comparison to other professions, this field is expected to grow much faster than the average. That means medical billing and coding specialists will be in high demand, and should have good job opportunities available (2).

For coding professionals with strong skills in computer technology and computer software, their career paths can offer opportunities to work in a variety of settings. Working from home is one opportunity that may be especially desirable, particularly for those who want to control their own work schedules. Medical billing and coding salary ranges can be different for those who choose to own their own business, too. Click here to explore the possibilities of becoming an independent coding and billing specialist.