Medical Billing and Coding Specialist Salary in Waterbury, CT: $33,916 (2026)
Quick Answer:A full-time medical billing and coding specialist in Waterbury, CT earns a median $33,916/year (≈ $16.31/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Waterbury's price level (0% above national, BEA RPP 99.8), that paycheck buys what $33,991 would nationally. Nominal pay sits 5.6% below the Connecticut state average.
Official BLS data · View source
In 2026, medical billing and coding specialists in Waterbury, Connecticut can expect a median annual salary of $33,916. This figure reflects a robust job market in the region, particularly as the rise of remote work has broadened the geographic landscape for compensation. The salary range for this occupation runs from $22,996 at the lower end (P10) to $45,880 at the higher end (P90), indicating variations based on experience, specialization, and the specific employment context. Data collected from official BLS OEWS surveys illustrates that the salary environment in Waterbury is competitive, especially when compared to the national median of $30,349, suggesting a local pay rate that stands approximately 11.75% above the national standard.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,996 | $11.06 |
| Lower Range (P25) | $28,088 | $13.51 |
| Median (P50)(typical) | $33,916 | $16.31 |
| Upper Range (P75) | $36,622 | $17.61 |
| Top Earners (P90) | $45,880 | $22.06 |
Median Salary Position
11.75% above the national average
2026 Salary Percentile Distribution in Waterbury
In Waterbury, CT, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,884 (2026 est.). At $33,916, the local median is 11.75% above the national median of $30,349.
Salary Calculator
At 40 hours/week in Waterbury: You'd be in the lower-middle range
How Waterbury Medical Billing and Coding Specialist Pay Compares
Waterbury median: $33,916/year (2026)
| Compared To | Median Salary | Waterbury Pays |
|---|---|---|
| Connecticut Average | $35,928 | -5.60% less |
| National Average | $30,349 | +11.75% more |
Medical Billing and Coding Specialists in Waterbury, CT earn a median of $33,916 per year (2026 est.), which is 11.75% higher than the national median of $30,349 and 5.60% below the Connecticut state average of $35,928.
Cost-of-Living Adjusted Salary
Waterbury has a cost of living 0.22% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Waterbury, CT has a cost-of-living index of 99.778 (below the national average of 100). A medical billing and coding specialist earning $33,916 nominally has purchasing power equivalent to $33,991 in an average-cost city — an effective 0.22% boost.
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2021 BLS Actual
$58,810
2025 BLS Actual
$33,147
2026 Current Est.
$33,916
2021–2027 Growth
+-41.0%
Salary Trajectory for Medical Billing and Coding Specialists in Waterbury (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $58,810 | Actual |
| 2022 | $47,620 | Actual |
| 2023 | $53,190 | Actual |
| 2024 | $55,290 | Actual |
| 2025 | $33,147 | Actual |
| 2026(current) | $33,916 | Estimated |
| 2027 | $34,703 | Projected |
Based on 5 years of BLS OEWS data for the Waterbury metropolitan area, the median medical billing and coding specialist salary grew -43.6% from $58,810 (2021) to $33,147 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $34,703 by 2027 — a total increase of $-24,107 (-40.99%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Waterbury 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $22,996 – $28,088 |
| 3-5 years (Mid Career) | $28,088 – $33,916 |
| 5+ years (Experienced) | $33,916 – $36,622 |
| 10+ years (Top Earner) | $36,622 – $45,880 |
MBS salary ranges estimated from BLS percentile data. Individual medical billing and coding specialist compensation varies by employer, certifications, and specialization.
Medical Billing and Coding Specialist Job Market in Waterbury
Employment opportunities for medical billing and coding specialists in Waterbury are solid, with around 90 individuals currently working in this role. The cost of living index in the area is slightly below the national average at 99.778, affecting overall take-home purchasing power for these professionals. Those seeking higher salaries may find the best opportunities in settings such as hospital inpatient coding departments or consulting firms that emphasize a higher level of specialized knowledge. Factors influencing pay disparities include the level of coding specialty—such as CCS or CRC credentials—and the variation in employers' willingness to provide productivity bonuses for remote work. To maximize pay in Waterbury, professionals should consider obtaining multiple coding credentials from recognized organizations like AAPC or AHIMA, staying abreast of updates to the ICD-10-CM and CPT code sets, and pursuing roles in rapidly growing subspecialties like risk adjustment coding.
More salary data for Waterbury, CT:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $33,147 for medical billing and coding specialistsin the Waterbury metropolitan area. A 2.32% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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