Medical Billing and Coding Specialist Salary in Lakeville, MN: $17,035 (2026)
Quick Answer:A full-time medical billing and coding specialist in Lakeville, MN earns a median $17,035/year (≈ $8.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $17,294 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Lakeville, Minnesota, medical billing and coding specialists are projected to earn a median annual salary of $17,035 in 2026. This figure represents a substantial gap when compared to the national median of $30,349, highlighting the unique economic landscape of the region. Local wages vary broadly, with an anticipated salary range of $12,845 at the 10th percentile up to $26,405 for the 90th percentile. The data, based on 2025 BLS estimates adjusted for regional price levels, can be influenced by physicians’ practices and the specialties in which coders operate. Those pursuing credentials such as the Certified Professional Coder (CPC), Certified Coding Specialist (CCS), and Certified Risk Adjustment Coder (CRC) tend to enhance their lifetime earning potential, with each qualification contributing tailored skills that elevate their marketability in a competitive job landscape.
About the Lakeville Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $12,845 | $6.18 |
| Lower Range (P25) | $14,763 | $7.10 |
| Median (P50)(typical) | $17,035 | $8.19 |
| Upper Range (P75) | $21,143 | $10.16 |
| Top Earners (P90) | $26,405 | $12.70 |
Median Salary Position
43.87% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $13,560 (2026 est.). At $17,035, the local median is 43.87% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Medical Billing and Coding Specialist Pay Compares
Lakeville median: $17,035/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $17,330 | -1.70% less |
| National Average | $30,349 | -43.87% less |
Medical Billing and Coding Specialists in Lakeville, MN earn a median of $17,035 per year (2026 est.), which is 43.87% lower than the national median of $30,349 and 1.70% below the Minnesota state average of $17,330.
Cost-of-Living Adjusted Salary
Lakeville has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lakeville, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $17,035 nominally has purchasing power equivalent to $17,294 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$15,191
2025 BLS Actual
$16,649
2026 Current Est.
$17,035
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Lakeville (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $15,191 | Actual |
| 2022 | $15,360 | Actual |
| 2023 | $15,881 | Actual |
| 2024 | $52,260 | Actual |
| 2025 | $16,649 | Actual |
| 2026(current) | $17,035 | Estimated |
| 2027 | $17,430 | Projected |
Based on 5 years of BLS OEWS data for the Lakeville metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $15,191 (2021) to $16,649 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,430 by 2027 — a total increase of $2,239 (14.74%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Lakeville 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) | $12,845 – $14,763 |
| 3-5 years (Mid Career) | $14,763 – $17,035 |
| 5+ years (Experienced) | $17,035 – $21,143 |
| 10+ years (Top Earner) | $21,143 – $26,405 |
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 Lakeville
The job market for medical billing and coding specialists in Lakeville is relatively small, with only 15 employed in the area, yet it offers a range of opportunities across various healthcare settings. With a cost-of-living index at 98.5, which is slightly below the national average, professionals may find their take-home pay affected more significantly than in other regions. Employers that typically pay higher wages include major physician group practices, hospital inpatient coding departments, and third-party coding companies offering remote work options. Factors contributing to the salary variance include specialty focus—such as inpatient coding, risk adjustment, and outpatient coding—as well as the benefits of credential stacking. Maximizing pay in Lakeville may involve pursuing advanced certifications, specializing in high-demand areas like risk adjustment HCC coding, and staying informed on coding updates to increase your value in potential workplaces.
More salary data for Lakeville, MN:
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 $16,649 for medical billing and coding specialistsin the Lakeville 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 Lakeville 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