Medical Billing and Coding Specialist Salary in Fishers, IN: $28,626 (2026)
Quick Answer:A full-time medical billing and coding specialist in Fishers, IN earns a median $28,626/year (≈ $13.76/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Fishers's price level (9% below national, BEA RPP 91.3), that paycheck buys what $31,354 would nationally. Nominal pay sits 0.2% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, the average medical billing and coding specialist salary in Fishers, Indiana, is projected to be $28,626, which represents a slight decrease of around 5.68% compared to the national median of $30,349. Salaries in the area show a wide-ranging spectrum from a P10 figure of $20,024 to a P90 mark of $44,370. These estimates, based on 2025 BLS data, reflect local market conditions and regional price adjustments. As the remote work trend continues to reshape employment landscapes, opportunities for medical billing and coding specialists in Fishers have expanded significantly, attracting professionals from broader geographic areas, thus intensifying competition for local positions.
About the Fishers Market
Salary estimated from Indiana average ($46,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $20,024 | $9.63 |
| Lower Range (P25) | $23,614 | $11.36 |
| Median (P50)(typical) | $28,626 | $13.76 |
| Upper Range (P75) | $35,461 | $17.05 |
| Top Earners (P90) | $44,370 | $21.33 |
Median Salary Position
5.68% below the national average
2026 Salary Percentile Distribution in Fishers
In Fishers, IN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $24,346 (2026 est.). At $28,626, the local median is 5.68% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Fishers: You'd be in the lower-middle range
How Fishers Medical Billing and Coding Specialist Pay Compares
Fishers median: $28,626/year (2026)
| Compared To | Median Salary | Fishers Pays |
|---|---|---|
| Indiana Average | $28,683 | -0.20% less |
| National Average | $30,349 | -5.68% less |
Medical Billing and Coding Specialists in Fishers, IN earn a median of $28,626 per year (2026 est.), which is 5.68% lower than the national median of $30,349 and 0.20% below the Indiana state average of $28,683.
Cost-of-Living Adjusted Salary
Fishers has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Fishers, IN has a cost-of-living index of 91.3 (below the national average of 100). A medical billing and coding specialist earning $28,626 nominally has purchasing power equivalent to $31,354 in an average-cost city — an effective 9.53% boost.
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2021 BLS Actual
$25,526
2025 BLS Actual
$27,977
2026 Current Est.
$28,626
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Fishers (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $25,526 | Actual |
| 2022 | $25,811 | Actual |
| 2023 | $26,686 | Actual |
| 2024 | $41,899 | Actual |
| 2025 | $27,977 | Actual |
| 2026(current) | $28,626 | Estimated |
| 2027 | $29,290 | Projected |
Based on 5 years of BLS OEWS data for the Fishers metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $25,526 (2021) to $27,977 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $29,290 by 2027 — a total increase of $3,764 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Fishers 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) | $20,024 – $23,614 |
| 3-5 years (Mid Career) | $23,614 – $28,626 |
| 5+ years (Experienced) | $28,626 – $35,461 |
| 10+ years (Top Earner) | $35,461 – $44,370 |
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 Fishers
As of now, Fishers employs 21 medical billing and coding specialists, demonstrating a niche job market within the sector. The cost-of-living index of 91.3 suggests a lower-than-average expense level, which can enhance take-home pay potential for those in this field. Among local employers, physician group practices and hospital inpatient coding departments generally tend to offer higher salaries compared to third-party coding firms or ambulatory surgery centers. A notable variance in earnings can result from factors such as specialty focus—coding for inpatient services commands more pay than risk adjustment coding—and the combination of credentials like CPC and CCS. Prospective coders aiming to maximize their medical billing and coding specialist pay in Fishers, IN, should consider diversifying their skill sets, pursuing advanced certifications, and remaining informed about quarterly coding changes.
More salary data for Fishers, IN:
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 $27,977 for medical billing and coding specialistsin the Fishers 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 Fishers 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