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Transaction Settlement Specialist Salary in the United States

How much does a Transaction Settlement Specialist make in the United States?

As of August 01, 2026, the average salary for a Transaction Settlement Specialist in the United States is $62,260 per year, which breaks down to an hourly rate of $30.

However, a Transaction Settlement Specialist's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $69,373
  • Majority Range (25th-75th percentile): $57,895 to $65,983
  • Entry-Level (10th percentile): $53,920
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View as table View as graph 25% $57,895 10% $53,920 90% $69,373 75% $65,983 $62,260 50%(Median) Didn’t find job title? Click

Transaction Settlement Specialist Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $65,983 $5,499 $1,269 $32
Average $62,260 $5,188 $1,197 $30
25th Percentile $57,895 $4,825 $1,113 $28
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Key Factors That Influence Transaction Settlement Specialist Salaries

A Transaction Settlement Specialist'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, education and company size can directly affect your earning potential.

How Experience Level Affects Transaction Settlement Specialist Salaries?

Experience is a primary driver of a Transaction Settlement Specialist'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:

  • Entry-Level (less than 1 year): $61,229
  • Early Career (1-2 years): $61,351
  • Mid-Level (2-4 years): $61,836
  • Senior-Level (5-8 years): $62,563
  • Expert (over 8 years): $63,860
Levels Salary
Entry Level Transaction Settlement Specialist$61,229
Intermediate Level Transaction Settlement Specialist$61,351
Senior Level Transaction Settlement Specialist$61,836
Specialist Level Transaction Settlement Specialist$62,563
Expert Level Transaction Settlement Specialist$63,860
$61,229 0 yr
$61,351 < 2 yrs
$61,836 2-4 yrs
$62,563 5-8 yrs
$63,860 > 8 yrs
View as Table
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What Am I Worth?

How Do Transaction Settlement Specialist Salaries Vary from State to State?

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 Transaction Settlement Specialists. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $68,934.
  • California: $68,673.
  • Massachusetts: $67,758.

Top Paying Cities for Transaction Settlement Specialists

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:

  • San Jose: $78,529
  • San Francisco: $77,669
  • Oakland: $76,032

What Skills Can Increase a Transaction Settlement Specialist's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 11.86% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Accounting Systems (Mentioned in 5.08% Job Postings): An accounting system is a system that is employed in a company to organize financial information. It can be either manual or computerized.
  • Project Planning (Mentioned in 5.08% Job Postings): Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. Project planning can be done manually or by the use of project management software.
See More Skills
Skills Demand Percentage
Analysis 11.86%
Accounting Systems 5.08%
Project Planning 5.08%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Transaction Settlement Specialist's salary.
  • Root Cause Analysis: Can increase your salary by up to 26%.
  • Analysis: Can increase your salary by up to 18%.
  • Decision Making: Can increase your salary by up to 12%.
Skill Salary Salary % Increase
Root Cause Analysis
 $78,448
26%
Analysis
 $73,467
18%
Decision Making
 $69,731
12%
Communication Skills
 $68,486
10%
Partnering
 $67,864
9%
Claim Reviews
 $67,864
9%
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Transaction Settlement Specialist Salary by Industry: Top Paying Sectors

For Transaction Settlement Specialist roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Healthcare, offers compensation 10% above the average. Conversely, Transaction Settlement Specialist positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Transaction Settlement Specialist as a support function rather than a direct revenue driver.

The top paying industry for a Transaction Settlement Specialist

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Healthcare$68,486$33.010%

How Education impacts a Transaction Settlement Specialist's Salary?

Your level of education can impact your salary potential. While many Transaction Settlement Specialists enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Transaction Settlement Specialist with a Bachelor's Degree is between $53,333 and $57,478).

Transaction Settlement Specialist Salaries by Degree Level

Typical Education for Transaction Settlement Specialist
Degree Level % of user with this level of education
No Diploma 48.6%
High School 48.6%
Associates 16.2%
Bachelors 30.5%
Masters 2.9%
Doctorate 1.9%
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Transaction Settlement Specialist Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Transaction Settlement Specialist'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.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on August 01, 2026
$57,895
Average $62,260/year
$65,983
$4,825
Average $5,188/month
$5,499
$1,113
Average $1,197/week
$1,269
$28
Average $30/hour
$32
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $65,983 $5,499 $1,269 $32
Average $62,260 $5,188 $1,197 $30
25th Percentile $57,895 $4,825 $1,113 $28

Salaries of jobs related to Transaction Settlement Specialist

Salary Trends for Transaction Settlement Specialist

Salaries for a Transaction Settlement Specialist can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $81,009 in 2023 to around $77,026 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Transaction Settlement Specialist salary trends, .

Average Annual Salary of Transaction Settlement Specialist Over Time

2022
$???
2023
$81,009
2024
$78,222
2025
$77,026
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $81,009
2024 $78,222
2025 $77,026
2026
View More
2027
View More

Most common benefits for Transaction Settlement Specialist

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Transaction Settlement Specialist

Here are companies hiring for Transaction Settlement Specialist and their salaries, click below for more details.

Find Your Next Transaction Settlement Specialist Job

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

United States

  • MD Staff, LLC

    Columbus, OH

    Physician Neurology Ohio Locum Tenens Locums Physician

    MD Staff, LLC | Columbus, OH

    Neurologist Locum Tenens Opportunity Near Columbus, OH. We are excited to offer a rewarding locum tenens opportunity for a Board Certified or Board Eligibl... more

    6 Days Ago

  • Confidential

    Columbus, OH

    Associate Vice President Brand&External Communications

    Confidential | Columbus, OH

    Associate Vice President, Brand & External Communications. About the Company. National consulting & advisory services firm focused on the healthcare indust... more

    17 Days Ago

  • C.R. England

    Columbus, OH

    Local CDL

    C.R. England | Columbus, OH

    Job Description. C.R. England is Now Urgently Hiring Local Dedicated CDL-A Truck Drivers. \n. Dedicated Local Fleet - Home Daily - Competitive Pay* - Full ... more

    18 Days Ago

  • Confidential

    Columbus, OH

    Vice President Credit Risk Strategy&Data Science

    Confidential | Columbus, OH

    Vice President, Credit Risk Strategy & Data Science. About the Company. High-growth SMB lender building the next generation of credit decisioning. Industry... more

    18 Days Ago

  • KreilKamp Trucking

    Columbus, OH

    Regional Truck Driver Company

    KreilKamp Trucking | Columbus, OH

    Regional CDL A Drivers | NEW Grads Welcome | Earn $70,000+ Annually. We're proud to be a 4th generation family truck line, started in 1935, but even proude... more

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  • Maxim Healthcare

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FAQ about Transaction Settlement Specialist

1. What industry pays the highest salary for Transaction Settlement Specialist?

The Healthcare industry offers the highest average compensation for Transaction Settlement Specialist roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

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.

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