Medical Billing and Coding Specialist Hourly Pay in Oswego, IL: $13.73 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Oswego, IL runs $13.73 at the median for 2026 — annualizing to $28,556 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Oswego's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $14.14 nationally would. A 24-hour part-time schedule grosses $17,137 per year.
Based on BLS state-level estimates · View source
In Oswego, IL, the median hourly pay for a medical billing and coding specialist is projected to reach $13.73 in 2026, which is slightly below the national median of $14.59. This hourly rate influences both full-time and part-time professionals in the field, particularly those working remotely from home offices or in various healthcare facilities like hospital health information management (HIM) departments. Part-time medical billing and coding specialists, working about three days a week, could expect earnings that reflect their reduced hours, while per-diem workers may find opportunities ranging from entry-level positions to those with considerable experience and specialization. The hourly pay range for this occupation extends from $10.64 for entry-level positions to about $21.28 for the highest earners, providing flexibility for individuals in different stages of their careers.
About the Oswego 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) | $10.64 | $85.13 |
| Lower Range (P25) | $12.08 | $96.67 |
| Median (P50) | $13.73 | $109.85 |
| Upper Range (P75) | $17.30 | $138.42 |
| Top Earners (P90) | $21.28 | $170.26 |
Estimated Annual Income by Work Schedule in Oswego
Based on $13.73/hr median hourly rate · 2026 est.
At $13.73/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Oswego, IL can expect to earn approximately $28,561 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,478. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Oswego.
Hourly Rate Calculator
Schedule Comparison in Oswego
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $549.25 | $2,380 | $28,561 |
| Part-Time (24 hrs) | $329.55 | $1,428 | $17,137 |
| Per Diem (16 hrs) | $219.70 | $952 | $11,424 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Oswego) | $13.73 |
| 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 Oswego, IL earn a median of $28,556 per year (2026 est.), which is 5.91% lower than the national median of $30,349 and 3.70% below the Illinois state average of $29,654.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.73/hr = $17,137/year (purchasing power: $17,649).
Working 40h/week (full-time) = $28,561/year (purchasing power: $29,414).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.24/hr
2025 BLS Actual
$13.42/hr
2026 Current Est.
$13.73/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Oswego (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.24/hr | Actual |
| 2022 | $12.38/hr | Actual |
| 2023 | $12.80/hr | Actual |
| 2024 | $22.48/hr | Actual |
| 2025 | $13.42/hr | Actual |
| 2026(current) | $13.73/hr | Estimated |
| 2027 | $14.05/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Oswego grew 9.6% from $12.24/hr (2021) to $13.42/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.05/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 Oswego 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 Oswego
Part-time medical billing and coding specialists in Oswego can take home an annual income that reflects their reduced working hours. If one were to work a typical part-time schedule of 24 hours per week, the earnings would total around $17,161 annually, significantly lower than the income of full-time specialists. For those seeking per-diem roles or contract work, the reality can be much different, with a wide range of pay based on coding specialties; for instance, per diem medical billing and coding specialists may bill $25-$42 per hour, while CCS inpatient coders might command between $35 and $55 per hour. Various employer types, such as third-party coding firms, hospital coding departments, and physician practices, offer different compensation structures, requiring specialists to weigh the trade-offs between higher hourly pay and benefits like health insurance. Negotiating rates locally can be influenced by the competitive landscape and the demand for specialized skills in areas such as risk adjustment and HCC coding, making location-specific knowledge vital for professionals in Oswego.
More salary data for Oswego, 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 Oswego. 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 Oswego 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