Medical Billing and Coding Specialist Salary in Henderson, KY: $26,503 (2026)
Quick Answer:A full-time medical billing and coding specialist in Henderson, KY earns a median $26,503/year (≈ $12.74/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Henderson's price level (11% below national, BEA RPP 89.3), that paycheck buys what $29,679 would nationally. Nominal pay sits 2.2% below the Kentucky state average.
Based on BLS state-level estimates · View source
In 2026, medical billing and coding specialists in Henderson, KY, can expect a median annual salary of $26,503, which falls below the national median of $30,349. The local salary range starts at $19,021 for entry-level positions (P10) and goes up to $41,079 for experienced coders (P90). This significant variance highlights the impact of credentials on earning potential; achieving certifications such as Certified Professional Coder (CPC), Certified Coding Specialist (CCS), and Certified Risk Adjustment Coder (CRC) can enhance lifetime earnings. Local estimates from 2025 BLS data indicate that these salaries reflect adjustments for Henderson's cost of living, which is lower than the national average, creating both opportunities and challenges in the local job market.
About the Henderson Market
Salary estimated from Kentucky average ($44,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $19,021 | $9.15 |
| Lower Range (P25) | $23,239 | $11.17 |
| Median (P50)(typical) | $26,503 | $12.74 |
| Upper Range (P75) | $32,310 | $15.53 |
| Top Earners (P90) | $41,079 | $19.75 |
Median Salary Position
12.67% below the national average
2026 Salary Percentile Distribution in Henderson
In Henderson, KY, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $22,058 (2026 est.). At $26,503, the local median is 12.67% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Henderson: You'd be in the lower-middle range
How Henderson Medical Billing and Coding Specialist Pay Compares
Henderson median: $26,503/year (2026)
| Compared To | Median Salary | Henderson Pays |
|---|---|---|
| Kentucky Average | $27,099 | -2.20% less |
| National Average | $30,349 | -12.67% less |
Medical Billing and Coding Specialists in Henderson, KY earn a median of $26,503 per year (2026 est.), which is 12.67% lower than the national median of $30,349 and 2.20% below the Kentucky state average of $27,099.
Cost-of-Living Adjusted Salary
Henderson has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Henderson, KY has a cost-of-living index of 89.3 (below the national average of 100). A medical billing and coding specialist earning $26,503 nominally has purchasing power equivalent to $29,679 in an average-cost city — an effective 11.98% boost.
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2021 BLS Actual
$23,633
2025 BLS Actual
$25,902
2026 Current Est.
$26,503
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Henderson (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $23,633 | Actual |
| 2022 | $23,896 | Actual |
| 2023 | $24,707 | Actual |
| 2024 | $38,426 | Actual |
| 2025 | $25,902 | Actual |
| 2026(current) | $26,503 | Estimated |
| 2027 | $27,118 | Projected |
Based on 5 years of BLS OEWS data for the Henderson metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $23,633 (2021) to $25,902 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $27,118 by 2027 — a total increase of $3,485 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Henderson 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) | $19,021 – $23,239 |
| 3-5 years (Mid Career) | $23,239 – $26,503 |
| 5+ years (Experienced) | $26,503 – $32,310 |
| 10+ years (Top Earner) | $32,310 – $41,079 |
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 Henderson
The job market in Henderson currently employs only four medical billing and coding specialists, indicating a competitive environment for securing positions. The cost-of-living index is 89.3, translating to a modest purchasing power for local wages. Major employers that tend to offer higher pay within the area include physician group practice coding offices and hospital inpatient coding departments. The disparity between low and high salaries in Henderson is influenced by factors such as coding specialty, with inpatient certification (CCS) generally commanding higher pay compared to outpatient coding (CPC). Credential stacking, where professionals obtain multiple certifications, along with productivity bonuses for remote jobs, can also enhance earning potential. For those in Henderson seeking to maximize pay, focusing on the most in-demand skills, such as risk adjustment coding, will be key to increasing their marketability and salary potential.
More salary data for Henderson, KY:
Frequently Asked Questions
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Career Resources
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 $25,902 for medical billing and coding specialistsin the Henderson 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 Henderson 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