Medical Billing and Coding Specialist Salary in Franklin, TN: $30,078 (2026)
Quick Answer:A full-time medical billing and coding specialist in Franklin, TN earns a median $30,078/year (≈ $14.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-2072). Once you factor in Franklin's price level (8% below national, BEA RPP 91.8), that paycheck buys what $32,765 would nationally. Nominal pay sits 6.9% above the Tennessee state average.
Based on BLS state-level estimates · View source
In 2026, the median annual salary for a medical billing and coding specialist in Franklin, TN, is projected to be $30,078, closely aligning with the national median of $30,349. This salary falls within a range that spans from $22,495 at the 10th percentile to $46,621 at the 90th percentile. While local figures are derived from estimates based on 2025 BLS data, they provide a relevant snapshot of the market for individuals considering a career in this field. The local job market reflects a mix of outpatient and inpatient coding roles, indicating opportunities for specialists in different tracks but also highlighting the higher pay gradients associated with inpatient CCS coding compared to outpatient CPC roles or risk adjustment specializations.
About the Franklin Market
Salary estimated from Tennessee average ($44,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $22,495 | $10.82 |
| Lower Range (P25) | $25,903 | $12.45 |
| Median (P50)(typical) | $30,078 | $14.46 |
| Upper Range (P75) | $38,352 | $18.44 |
| Top Earners (P90) | $46,621 | $22.42 |
Median Salary Position
0.89% below the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, TN, the medical billing and coding specialist salary spread from the 10th to 90th percentile is $24,126 (2026 est.). At $30,078, the local median is 0.89% below the national median of $30,349.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Medical Billing and Coding Specialist Pay Compares
Franklin median: $30,078/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| Tennessee Average | $28,137 | +6.90% more |
| National Average | $30,349 | -0.89% less |
Medical Billing and Coding Specialists in Franklin, TN earn a median of $30,078 per year (2026 est.), which is 0.89% lower than the national median of $30,349 and 6.90% above the Tennessee state average of $28,137.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 8.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, TN has a cost-of-living index of 91.8 (below the national average of 100). A medical billing and coding specialist earning $30,078 nominally has purchasing power equivalent to $32,765 in an average-cost city — an effective 8.93% boost.
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2021 BLS Actual
$26,821
2025 BLS Actual
$29,396
2026 Current Est.
$30,078
2021–2027 Growth
+14.7%
Salary Trajectory for Medical Billing and Coding Specialists in Franklin (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $26,821 | Actual |
| 2022 | $27,120 | Actual |
| 2023 | $28,039 | Actual |
| 2024 | $39,507 | Actual |
| 2025 | $29,396 | Actual |
| 2026(current) | $30,078 | Estimated |
| 2027 | $30,776 | Projected |
Based on 5 years of BLS OEWS data for the Franklin metropolitan area, the median medical billing and coding specialist salary grew 9.6% from $26,821 (2021) to $29,396 (2025). At a 2.32% compound annual growth rate, salaries are projected to reach $30,776 by 2027 — a total increase of $3,955 (14.75%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Franklin 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) | $22,495 – $25,903 |
| 3-5 years (Mid Career) | $25,903 – $30,078 |
| 5+ years (Experienced) | $30,078 – $38,352 |
| 10+ years (Top Earner) | $38,352 – $46,621 |
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 Franklin
Currently, there are 18 medical billing and coding specialists employed in Franklin, TN. The cost of living—indexed at 91.8—demonstrates a more affordable environment compared to the national average, affecting purchasing power positively. Employers, including prominent physician group practices and hospital coding departments, often offer competitive salaries, particularly for those with additional credentials such as the CCS or CRC. The variation in pay stems from specialty focus, with inpatient coding roles typically commanding higher rates. Other factors influencing salaries include the remote work trend, with about 80% of coding positions transitioning to work-from-home formats post-2020, as well as productivity-based bonuses. To maximize earnings in Franklin's market, pursuing multiple credentials and specializing in high-demand areas like HCC coding can significantly benefit your career trajectory.
More salary data for Franklin, TN:
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 $29,396 for medical billing and coding specialistsin the Franklin 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 Franklin 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