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Insurance Billing and Coding Specialist I Salary in New Mexico

How much does an Insurance Billing and Coding Specialist I make in New Mexico?

As of August 01, 2026, the average salary for an Insurance Billing and Coding Specialist I in New Mexico is $38,100 per year, which breaks down to an hourly rate of $18.

However, an Insurance Billing and Coding Specialist I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $45,933
  • Majority Range (25th-75th percentile): $35,400 to $42,200
  • Entry-Level (10th percentile): $32,942
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View as table View as graph 25% $35,400 10% $32,942 90% $45,933 75% $42,200 $38,100 50%(Median) Didn’t find job title? Click

Insurance Billing and Coding Specialist I Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $42,200 $3,517 $812 $20
Average $38,100 $3,175 $733 $18
25th Percentile $35,400 $2,950 $681 $17
Check out Insurance Billing and Coding Specialist I Job Openings in New Mexico
Supervisor Coding

Powers Health - MUNSTER, IN

Coding Quality Review Specialist

MEDSTAR HEALTH - MARYLAND, MD

Supervisor Patient Accounting

Powers Health - MUNSTER, IN

Billing Account Representative

BPW Medical Billing Services LLC - BEL AIR, MD

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Key Factors That Influence Insurance Billing and Coding Specialist I Salaries

An Insurance Billing and Coding Specialist I'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.

How Experience Level Affects Insurance Billing and Coding Specialist Salaries?

Experience is a primary driver of an Insurance Billing and Coding Specialist I'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:

  • Insurance Billing and Coding Specialist I (0-2 years): $38,028
  • Insurance Billing and Coding Specialist II (2-4 years): $42,404
  • Insurance Billing and Coding Specialist III (4-7 years): $47,366
Job Role Years of Experience Average Salary
Insurance Billing and Coding Specialist I0-2 years$38,028
Insurance Billing and Coding Specialist II2-4 years$42,404
Insurance Billing and Coding Specialist III4-7 years$47,366
$38,028 Insurance...
$42,404 Insurance...
$47,366 Insurance...
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What Am I Worth?

Top Paying Cities for Insurance Billing and Coding Specialist Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Algodones: $38,500
  • Belen: $38,300
  • Bernalillo: $38,600

Insurance Billing and Coding Specialist I Salary by Company Size: Startups vs. Enterprise

Insurance Billing and Coding Specialist I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $42,651. While startup companies pay approximate $36,082.

Insurance Billing and Coding Specialist I Salary by Company Size

Company Size Employees Average Salary
Startup1~50$36,082
Growth Stage51~500$38,160
Established501~5000$41,187
Enterprise5000+$42,651

Insurance Billing and Coding Specialist I Salary by Industry: Top Paying Sectors

For Insurance Billing and Coding Specialist I roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Insurance Billing and Coding Specialist positions in Transportation or Telecom typically offer lower base pay, as these industries often view Insurance Billing and Coding Specialist I as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Billing and Coding Specialist I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Aerospace & Defense$41,910$20.010%
Biotechnology$41,910$20.010%
Business Services$41,910$20.010%
Chemicals$41,910$20.010%
Construction$41,910$20.010%

Insurance Billing and Coding Specialist I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Billing and Coding Specialist I'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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on August 01, 2026
$35,400
Average $38,100/year
$42,200
$2,950
Average $3,175/month
$3,517
$681
Average $733/week
$812
$17
Average $18/hour
$20
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $42,200 $3,517 $812 $20
Average $38,100 $3,175 $733 $18
25th Percentile $35,400 $2,950 $681 $17

Insurance Billing and Coding Specialist I Salary Growth & Career Path

Insurance Billing and Coding Specialist I
Insurance Billing and Coding Specialist II
Insurance Billing and Coding Specialist III

For an Insurance Billing and Coding Specialist I, the most direct path to higher earnings is advancing to the Insurance Billing and Coding Specialist II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $42,500 - a projected growth of 12% over your current level.

Salaries of jobs related to Insurance Billing and Coding Specialist I

Find Your Next Insurance Billing and Coding Specialist I Job

Ready to take the next step in your career? Browse thousands of current Insurance Billing and Coding Specialist I job openings on our job board. Use the search bar below to find your perfect match.

United States

  • Gottlieb and Greenspan

    FAIRLAWN, NJ

    Medical Billing Specialist

    Gottlieb and Greenspan | FAIRLAWN, NJ

    Gottlieb and Greenspan, a Bala Cynwyd-based law firm, seeks a Medical Billing Specialist to manage medical-related billing for complex legal matters. In th... more

    7 Days Ago

  • Kaiser Permanente

    PORTLAND, OR

    Medical Coder III Inpatient Hospital Coding

    Kaiser Permanente | PORTLAND, OR

    Kaiser Permanente seeks a Medical Coder III for inpatient hospital coding within our technology-enabled health system. In this senior coding role, you will... more

    7 Days Ago

  • American Family Insurance

    BOISE, ID

    Insurance Agent

    American Family Insurance | BOISE, ID

    American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more

    6 Days Ago

  • American Family Insurance

    NORTH RIVER, ND

    Insurance Agent

    American Family Insurance | NORTH RIVER, ND

    American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more

    6 Days Ago

  • American Family Insurance

    CAVALIER, ND

    Insurance Agent

    American Family Insurance | CAVALIER, ND

    American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more

    6 Days Ago

  • American Family Insurance

    DICKINSON, ND

    Insurance Agent

    American Family Insurance | DICKINSON, ND

    American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more

    6 Days Ago

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Cost of Living In New Mexico

Cost of Living in New Mexico is
-7.4% Lower
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