As of July 01, 2026, the average salary for a Clinical Coding Specialist III in New Mexico is $61,500 per year, which breaks down to an hourly rate of $30.
However, a Clinical Coding Specialist III's salary can vary significantly. Here’s a look at the typical salary range:
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A Clinical Coding Specialist III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Clinical Coding Specialist III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Clinical Coding Specialist I | 0-1 years | $38,032 |
| Clinical Coding Specialist II | 1-3 years | $46,707 |
| Clinical Coding Specialist III | 3-5 years | $61,478 |
| Manager of Medical Records Coding | 5+ years | $74,998 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Clinical Coding Specialist IIIs. For example, consider the average annual salaries in these key locations:
Clinical Coding Specialist III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $66,347. While startup companies pay approximate $56,275.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $56,275 |
| Growth Stage | 51~500 | $59,483 |
| Established | 501~5000 | $64,111 |
| Enterprise | 5000+ | $66,347 |
For Clinical Coding Specialist III roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Clinical Coding Specialist positions in Insurance or Business Services typically offer lower base pay, as these industries often view Clinical Coding Specialist III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $92,250 | $44.0 | 50% |
| Edu., Gov't. & Nonprofit | $67,650 | $33.0 | 10% |
Understanding how a Clinical Coding Specialist III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026For a Clinical Coding Specialist III, the most direct path to higher earnings is advancing to the Manager of Medical Records Coding role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $75,000 - a projected growth of 22% over your current level.
Ready to take the next step in your career? Browse thousands of current Clinical Coding Specialist III job openings on our job board. Use the search bar below to find your perfect match.
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