Medical Billing and Coding Specialist Salary in Minnetonka, MN: $17,131 (2026)
Quick Answer:A full-time medical billing and coding specialist in Minnetonka, MN earns a median $17,131/year (≈ $8.24/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Minnetonka's price level (1% below national, BEA RPP 98.5), that paycheck buys what $17,392 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
Medical billing and coding specialists in Minnetonka are projected to earn a median annual salary of $17,131 in 2026, significantly lower than the national median of $30,349. The salary range for this occupation locally extends from $11,719 at the 10th percentile to $26,554 at the 90th percentile. These figures are derived from estimates based on 2025 BLS data, adjusted for regional price parities. The rise of remote work has expanded the geographical context for compensation, allowing specialists to work from various locations, which can influence overall pay negotiations and opportunities available in the local job market.
About the Minnetonka Market
Salary estimated from Minnesota average ($54,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $11,719 | $5.64 |
| Lower Range (P25) | $14,961 | $7.19 |
| Median (P50)(typical) | $17,131 | $8.24 |
| Upper Range (P75) | $21,928 | $10.54 |
| Top Earners (P90) | $26,554 | $12.77 |
Median Salary Position
43.55% below the national average
2026 Salary Percentile Distribution in Minnetonka
In Minnetonka, MN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $14,835 (2026 est.). At $17,131, the local median is 43.55% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Minnetonka: You'd be in the lower-middle range
How Minnetonka Medical Billing and Coding Specialist Pay Compares
Minnetonka median: $17,131/year (2026)
| Compared To | Median Salary | Minnetonka Pays |
|---|---|---|
| Minnesota Average | $17,340 | -1.20% less |
| National Average | $30,349 | -43.55% less |
Medical Billing and Coding Specialists in Minnetonka, MN earn a median of $17,131 per year (2026 est.), which is 43.55% lower than the national median of $30,349 and 1.20% below the Minnesota state average of $17,340.
Cost-of-Living Adjusted Salary
Minnetonka 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.
Minnetonka, MN has a cost-of-living index of 98.5 (below the national average of 100). A medical billing and coding specialist earning $17,131 nominally has purchasing power equivalent to $17,392 in an average-cost city — an effective 1.52% boost.
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2021 BLS Actual
$15,276
2025 BLS Actual
$16,743
2026 Current Est.
$17,131
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Minnetonka (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $15,276 | Actual |
| 2022 | $15,447 | Actual |
| 2023 | $15,970 | Actual |
| 2024 | $52,555 | Actual |
| 2025 | $16,743 | Actual |
| 2026(current) | $17,131 | Estimated |
| 2027 | $17,529 | Projected |
Based on 5 years of BLS OEWS data for the Minnetonka metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $15,276 (2021) to $16,743 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $17,529 by 2027 — a total increase of $2,253 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Minnetonka 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) | $11,719 – $14,961 |
| 3-5 years (Mid Career) | $14,961 – $17,131 |
| 5+ years (Experienced) | $17,131 – $21,928 |
| 10+ years (Top Earner) | $21,928 – $26,554 |
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 Minnetonka
In the Minnetonka area, the local job market comprises 12 medical billing and coding specialists, reflecting a modest employment density for this profession. With a cost-of-living index of 98.5, which is somewhat below the national average, the take-home purchasing power for these specialists is an important consideration. Among local employers, physician group practice coding offices and hospital inpatient coding departments typically offer the highest pay scales. Factors contributing to the wage disparity include the type of coding specialty—such as inpatient CCS coding versus outpatient CPC coding—along with credential stacking and potential productivity bonuses. For those looking to maximize their medical billing and coding specialist pay in Minnetonka, pursuing additional credentials through recognized bodies like AAPC and AHIMA, and focusing on high-demand areas such as risk adjustment coding, could significantly enhance earning potential.
More salary data for Minnetonka, MN:
Frequently Asked Questions
How much do medical billing and coding specialists make in Minnetonka, MN in 2026?
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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 $16,743 for medical billing and coding specialistsin the Minnetonka 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 Minnetonka 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