Medical Billing Salary

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.

$28,343
Median Annual Salary
$13.63/hr
Median Hourly Rate
$21,733
Entry Level (P10)
$43,931
Top Earners (P90)

Based on BLS state-level estimates · View source

Medical Billing and Coding Specialist Salary in Streamwood, IL — 2026 est., based on 2025 BLS
Streamwood, IL medical billing and coding specialist salary overview (2026 est., based on 2025 BLS)

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

PercentileAnnualHourly
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

$21,733$43,931
City Median: $28,343
National: $30,349
P10–P90 Range

6.61% below the national average

2026 Salary Percentile Distribution in Streamwood

Vertical bar chart of 10th through 90th percentile salaries for medical billing and coding specialists in Streamwood. The median salary is $28,343, compared to the national median of $30,349.$19.6K$26.2K$32.8K$39.5K$46.1K$21.7K10th Pctl$24.7K25th Pctl$28.3KMedian$36.1K75th Pctl$43.9K90th PctlUS Median$30.3K

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.

Source: BLS OEWS projected to 2026. Percentiles reflect the distribution of medical billing and coding specialist pay in the Streamwood metro area.

Salary Calculator

8 hrs (1 day)24 hrs (3 days)40 hrs (full-time)
$545
per week
$2,362
per month
$28,348
per year

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 ToMedian SalaryStreamwood Pays
Illinois Average$29,647-4.40% less
National Average$30,349-6.61% less
Horizontal bar chart comparing medical billing and coding specialist median salary in Streamwood ($28,343) with Illinois average ($29,647) and the US national median ($30,349).Streamwood$28,343Illinois Avg$29,647-4.40%US National$30,349-6.61%

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

$28,343
Nominal Salary
97.1
CoL Index
$29,189
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.

The nominal salary is $28,343. After adjusting for a cost-of-living index of 97.1, the purchasing-power equivalent is $29,189, a gain of $846.$24.1K$26.8K$29.5K$32.2K$34.9K$28,343NominalSalary$29,189CoL Adjusted(CoL: 97.1) 2.98%US Median $30.3K

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 (20212027)

2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.

BLS Actual Estimated Projected
Salary trajectory chart for medical billing and coding specialists in Streamwood. Baseline $25,273 in 2025, projected to $29,000 by 2027.$21.0K$28.4K$35.8K$43.2K$50.6K20212022202320242025202620272025 BLS$25.3K$25.6K$26.4K$46.4K$27.7K$28.3K$29.0K
YearAnnual SalaryStatus
2021$25,273Actual
2022$25,555Actual
2023$26,422Actual
2024$46,406Actual
2025$27,700Actual
2026(current)$28,343Estimated
2027$29,000Projected

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 (20212025) are actual BLS OEWS figures for the Streamwood metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 20262026 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

ExperienceEstimated 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.

Frequently Asked Questions

How much do medical billing and coding specialists make in Streamwood, IL in 2026?

The estimated 2026 median medical billing and coding specialist salary in Streamwood is $28,343/year ($13.63/hour), based on estimated 2026 salary (projected from 2025 BLS data at 2.32% annual growth). Salaries range from $21,733 at entry level (10th percentile) to $43,931 for experienced top earners (90th percentile). This puts Streamwood at 6.6% below the national median. Full-time medical billing and coding specialists typically work 2,080 hours per year, though many positions offer part-time schedules with flexible hours across multiple practices.

Is Streamwood, IL a good place to work as a medical billing and coding specialist?

Streamwood medical billing and coding specialist salaries are 6.6% below the national average and 4.4% below the Illinois state average. The metro area employs approximately 8 medical billing and coding specialists. With a cost-of-living index of 97.1, your salary stretches further here than in higher-cost metros. Job availability depends on population density, the number of practices, and retirement turnover in the area.

Can medical billing and coding specialists make $100K in Streamwood?

The median medical billing and coding specialist salary in Streamwood is $28,343, and the 90th percentile earns $43,931. Reaching $100K in this market typically requires a combination of advanced certifications, working at multiple practices, or transitioning into education or consulting roles.

What is the cost-of-living adjusted medical billing and coding specialist salary in Streamwood?

After adjusting for Streamwood's cost-of-living index of 97.1 (where 100 equals the national average), the $28,343 nominal salary has purchasing power equivalent to $29,189 in an average-cost city. This means your dollar goes 3.0% further in Streamwood compared to the national average, making it an attractive location for medical billing and coding specialists seeking strong real wages.

How much does a medical billing and coding specialist make per hour in Streamwood?

Medical Billing and Coding Specialists in Streamwood earn a median hourly rate of $13.63, which translates to approximately $28,343/year for full-time work (40 hours/week, 2,080 hours/year). Hourly rates range from $10.45 for entry-level positions to $21.12 for the most experienced practitioners. Part-time and per diem medical billing and coding specialists sometimes command premium hourly rates because practices need flexible scheduling coverage.

Related Pages

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AP

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.

Clinically reviewed by Liam Johnson, RHITData verified by Sofia Nguyen, CCS

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).

View estimation methodology

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

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