As of July 01, 2026, the average salary for a Third Party Administrator in the United States is $80,187 per year, which breaks down to an hourly rate of $39.
However, a Third Party Administrator's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI-Powered HR
AI Onboarding
A Third Party Administrator'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 Third Party Administrator'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 |
|---|---|
| Claims Ex... Level Third Party Administrator | $53,402 |
| Claims Ex... Level Third Party Administrator | $67,378 |
| Third Par... Level Third Party Administrator | $81,758 |
| Claims Ex... Level Third Party Administrator | $93,557 |
| Claims Ex... Level Third Party Administrator | $117,292 |
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 Third Party Administrators. For example, consider the average annual salaries in these key locations:
For Third Party Administrator 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 Energy & Utilities sectors offer the strongest compensation, at 20% above the average. In contrast, Third Party Administrator positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Third Party Administrator as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $96,224 | $46.0 | 20% |
| Energy & Utilities | $92,215 | $44.0 | 15% |
| Insurance | $88,206 | $42.0 | 10% |
| Healthcare | $84,196 | $40.0 | 5% |
Understanding how a Third Party Administrator'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, 2026Salaries for a Third Party Administrator can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $79,664 in 2023 to around $79,340 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Third Party Administrator salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $79,664 |
| 2024 | $80,172 |
| 2025 | $79,340 |
| 2026 |
View More
|
| 2027 |
View More
|
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Third Party Administrator and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Third Party Administrator job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
