As of August 01, 2026, the average salary for a Medical Billing Coder in Old Lyme, CT is $40,977 per year, which breaks down to an hourly rate of $20.
However, a Medical Billing Coder's salary can vary significantly. Here’s a look at the typical salary range:
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A Medical Billing Coder'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 Medical Billing Coder'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:
| Levels | Salary |
|---|---|
| Medical B... Level Medical Billing Coder | $41,710 |
| Assembler... Level Medical Billing Coder | $46,718 |
| Assembler... Level Medical Billing Coder | $51,982 |
| Assembler... Level Medical Billing Coder | $61,035 |
| Assembly ... Level Medical Billing Coder | $64,396 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Commitment | 3.25% |
| Pneumatics | 2.92% |
| Housekeeping | 1.82% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Alignment
|
$43,436 |
6%
|
|
Commitment
|
$43,436 |
6%
|
|
Interviewing
|
$43,436 |
6%
|
|
Dedication
|
$43,026 |
5%
|
|
Initiative
|
$43,026 |
5%
|
|
Leadership
|
$43,026 |
5%
|
For Medical Billing Coder roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Pharmaceuticals sectors offer the strongest compensation, at 30% above the average. In contrast, Medical Billing Coder positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Medical Billing Coder as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $53,270 | $26.0 | 30% |
| Pharmaceuticals | $53,270 | $26.0 | 30% |
| Software & Networking | $51,222 | $25.0 | 25% |
| Financial Services | $49,173 | $24.0 | 20% |
| Aerospace & Defense | $47,124 | $23.0 | 15% |
Understanding how a Medical Billing Coder'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 August 01, 2026Ready to take the next step in your career? Browse thousands of current Medical Billing Coder job openings on our job board. Use the search bar below to find your perfect match.
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