Medical Billing and Coding Specialist Hourly Pay in Mount Prospect, IL: $14.25 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Mount Prospect, IL runs $14.25 at the median for 2026 — annualizing to $29,639 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Mount Prospect's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $14.68 nationally would. A 24-hour part-time schedule grosses $17,788 per year.
Based on BLS state-level estimates · View source
In Mount Prospect, Illinois, the medical billing and coding specialist hourly pay is projected to be $14.25 in 2026, slightly lower than the national median of $14.59. This hourly rate creates interesting opportunities for part-time or per-diem workers, especially those who prefer flexible schedules in locations like remote home offices, hospital Health Information Management (HIM) departments, and third-party coding companies. Entry-level coders might find themselves earning around $10.01 per hour, while experienced professionals at the higher end of the spectrum can reach approximately $22.09 per hour. Such variability in compensation highlights the accessibility of this career path for newcomers, yet it reflects the earnings potential for well-seasoned experts as they navigate roles that demand proficiency in complex code sets like ICD-10-CM, CPT, and HCPCS.
About the Mount Prospect Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $10.01 | $80.06 |
| Lower Range (P25) | $11.79 | $94.30 |
| Median (P50) | $14.25 | $114.03 |
| Upper Range (P75) | $18.00 | $143.98 |
| Top Earners (P90) | $22.09 | $176.73 |
Estimated Annual Income by Work Schedule in Mount Prospect
Based on $14.25/hr median hourly rate · 2026 est.
At $14.25/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Mount Prospect, IL can expect to earn approximately $29,647 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $17,104. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Mount Prospect.
Hourly Rate Calculator
Schedule Comparison in Mount Prospect
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $570.13 | $2,471 | $29,647 |
| Part-Time (24 hrs) | $342.08 | $1,482 | $17,788 |
| Per Diem (16 hrs) | $228.05 | $988 | $11,859 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Mount Prospect) | $14.25 |
| Medical Assistant (National Avg) | $20.77 |
| Medical Secretary (National Avg) | $20.19 |
| Medical Lab Technician (National Avg) | $28.18 |
| Billing and Posting Clerk (National Avg) | $21.86 |
Medical Billing and Coding Specialists in Mount Prospect, IL earn a median of $29,639 per year (2026 est.), which is 2.34% lower than the national median of $30,349.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $14.25/hr = $17,788/year (purchasing power: $18,319).
Working 40h/week (full-time) = $29,647/year (purchasing power: $30,532).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.71/hr
2025 BLS Actual
$13.93/hr
2026 Current Est.
$14.25/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Mount Prospect (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.71/hr | Actual |
| 2022 | $12.85/hr | Actual |
| 2023 | $13.29/hr | Actual |
| 2024 | $23.33/hr | Actual |
| 2025 | $13.93/hr | Actual |
| 2026(current) | $14.25/hr | Estimated |
| 2027 | $14.58/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Mount Prospect grew 9.6% from $12.71/hr (2021) to $13.93/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.58/hr by 2027. Part-time and per-diem medical billing and coding specialists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Mount Prospect metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.32% CAGR derived from 5-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Medical Billing and Coding Specialist in Mount Prospect
Focusing on part-time workers, a medical billing and coding specialist employed three days a week, totaling 24 hours, could anticipate an annual take-home pay around $18,480 based on the expected hourly rate, which is significantly lower than their full-time counterparts. Per diem coding opportunities present a different picture: many specialists in this arrangement earn between $25 to $42 per hour, with niche roles such as Certified Coding Specialists (CCS) earning $35 to $55 per hour, particularly when working on inpatient coding or risk adjustment for Medicare Advantage clients. In Mount Prospect, pay varies based on employer type—whether working in physician group practices, hospitals, or consulting firms—and many professionals weigh the trade-off between higher hourly pay without benefits and lower rates that come with comprehensive health insurance packages. For those seeking to negotiate salaries, understanding the local market and showcasing relevant credentials from organizations like AAPC or AHIMA can be vital strategies for maximizing pay in this competitive field.
More salary data for Mount Prospect, IL:
Frequently Asked Questions
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Written by Amina Patel, CPC
Career Analyst
Amina has 10 years of experience in medical billing. She specializes in outpatient coding for multi-specialty practices.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 2.32% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for medical billing and coding specialists in Mount Prospect. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Mount Prospect is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.32%, derived from historical BLS wage trends for medical billing and coding specialists (SOC 29-2072).
Compiled and verified by Amina Patel, CPC, a licensed medical billing and coding specialist with 10+ years of clinical experience. · View source data at BLS.gov