Medical Billing and Coding Specialist Salary in Streamwood, IL: $28,343 (2026)
Quick Answer:A full-time medical billing and coding specialist in Streamwood, IL earns a median $28,343/year (≈ $13.63/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Streamwood's price level (3% below national, BEA RPP 97.1), that paycheck buys what $29,189 would nationally. Nominal pay sits 4.4% below the Illinois state average.
Based on BLS state-level estimates · View source

In 2026, the medical billing and coding specialist salary in Streamwood is projected to be $28,343 annually, falling below the national median of $30,349. This figure reflects a salary range from $21,733 at the lower end to as high as $43,931, indicating a variety of compensation levels within this occupation. These estimates, based on 2025 BLS data and adjusted for regional pricing, highlight the broader ramifications of a workforce increasingly supporting the remote work standard. Streamwood's local context emphasizes its competitive edge, yet it also alerts professionals to the fact that salaries here lag slightly behind state and national averages for this field.
About the Streamwood Market
Salary estimated from Illinois average ($50,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $21,733 | $10.45 |
| Lower Range (P25) | $24,695 | $11.87 |
| Median (P50)(typical) | $28,343 | $13.63 |
| Upper Range (P75) | $36,118 | $17.36 |
| Top Earners (P90) | $43,931 | $21.12 |
Median Salary Position
6.61% below the national average
2026 Salary Percentile Distribution in Streamwood
In Streamwood, IL, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,198 (2026 est.). At $28,343, the local median is 6.61% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Streamwood: You'd be in the lower-middle range
How Streamwood Medical Billing and Coding Specialist Pay Compares
Streamwood median: $28,343/year (2026)
| Compared To | Median Salary | Streamwood Pays |
|---|---|---|
| Illinois Average | $29,647 | -4.40% less |
| National Average | $30,349 | -6.61% less |
Medical Billing and Coding Specialists in Streamwood, IL earn a median of $28,343 per year (2026 est.), which is 6.61% lower than the national median of $30,349 and 4.40% below the Illinois state average of $29,647.
Cost-of-Living Adjusted Salary
Streamwood has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Streamwood, IL has a cost-of-living index of 97.1 (below the national average of 100). A medical billing and coding specialist earning $28,343 nominally has purchasing power equivalent to $29,189 in an average-cost city — an effective 2.98% boost.
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2021 BLS Actual
$25,273
2025 BLS Actual
$27,700
2026 Current Est.
$28,343
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Streamwood (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,273 | Actual |
| 2022 | $25,555 | Actual |
| 2023 | $26,422 | Actual |
| 2024 | $46,406 | Actual |
| 2025 | $27,700 | Actual |
| 2026(current) | $28,343 | Estimated |
| 2027 | $29,000 | Projected |
Based on 5 years of BLS OEWS data for the Streamwood metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,273 (2021) to $27,700 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,000 by 2027 — a total increase of $3,727 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Streamwood 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) | $21,733 – $24,695 |
| 3-5 years (Mid Career) | $24,695 – $28,343 |
| 5+ years (Experienced) | $28,343 – $36,118 |
| 10+ years (Top Earner) | $36,118 – $43,931 |
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 Streamwood
Despite the lower average salary, the job market for medical billing and coding specialists in Streamwood remains relatively stable, with eight professionals currently employed in the area. The cost-of-living index stands at 97.1, slightly below the national average, which means that workers may find their purchasing power more constrained than in higher-index areas. Potential employers, such as physician group practice coding offices or third-party coding companies offering remote positions, tend to provide the best pay. Variations in salaries can arise from factors like specialty focus—where inpatient coding generally yields higher returns—or credential stacking, where additional qualifications like a CPC or CCS result in better pay. Additionally, professionals aiming for higher compensation should consider productivity bonuses tied to coding efficiency, particularly for remote roles, while pursuing continuous education in the fast-evolving fields, like risk adjustment and HCC coding, which are increasingly in demand.
More salary data for Streamwood, 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
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 $27,700 for medical billing and coding specialistsin the Streamwood 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
Salary data for Streamwood 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