As of July 01, 2026, the average salary for a Billing Analyst I in Sheldon, IL is $53,166 per year, which breaks down to an hourly rate of $26.
However, a Billing Analyst I's salary can vary significantly. Here’s a look at the typical salary range:
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A Billing Analyst 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, skills, and company size can directly affect your earning potential.
Experience is a primary driver of a Billing Analyst 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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Billing Analyst I | 0-2 years | $53,166 |
| Billing Analyst II | 2-4 years | $58,781 |
| Billing Analyst III | 4-7 years | $73,528 |
| Billing Analyst IV | 7+ years | $89,679 |
| Billing Supervisor | 7+ years | $68,083 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 3.64% |
| Microsoft Office | 2.36% |
| Microsoft Excel | 1.2% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Accountability
|
$58,482 |
10%
|
|
Consulting
|
$56,887 |
7%
|
|
Analysis
|
$56,355 |
6%
|
|
Accounts Payable
|
$56,355 |
6%
|
|
Innovation
|
$55,824 |
5%
|
|
Collaboration
|
$55,824 |
5%
|
Billing Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $59,465. While startup companies pay approximate $50,290.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $50,290 |
| Growth Stage | 51~500 | $53,189 |
| Established | 501~5000 | $57,425 |
| Enterprise | 5000+ | $59,465 |
For Billing Analyst I roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Biotechnology sectors offer the strongest compensation, at 20% above the average. In contrast, Billing Analyst positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Billing Analyst I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $63,799 | $31.0 | 20% |
| Biotechnology | $61,140 | $29.0 | 15% |
| Software & Networking | $60,609 | $29.0 | 14% |
| Pharmaceuticals | $59,545 | $29.0 | 12% |
| Aerospace & Defense | $58,482 | $28.0 | 10% |
Understanding how a Billing Analyst 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.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As a Billing Analyst I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Billing Analyst II | $58,781 | 11% |
| Billing Systems Analyst II | $58,781 | 11% |
Ready to take the next step in your career? Browse thousands of current Billing Analyst I job openings on our job board. Use the search bar below to find your perfect match.
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