The annual salary statistics of insurance claims and policy processing clerks in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage statistics of insurance claims and policy processing clerks in Lafayette-West Lafayette is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $29,420 |
| 25th Percentile Wage | $37,500 |
| 50th Percentile Wage | $45,650 |
| 75th Percentile Wage | $56,300 |
| 90th Percentile Wage | $61,850 |
Table 1 shows the average annual salary for insurance claims and policy processing clerks in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $61,850. The median (50th percentile) annual salary is $45,650. The average annual salary for the bottom 10 percent earners is $29,420.
The table and chart below show the trend of the median salary of insurance claims and policy processing clerks from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $45,650 | -2.17% | 15.73% |
| 2021 | $46,640 | 15.87% | - |
| 2020 | $39,240 | 1.83% | - |
| 2019 | $38,520 | 4.49% | - |
| 2018 | $36,790 | -4.54% | - |
| 2017 | $38,460 | -0.03% | - |
| 2016 | $38,470 | 5.64% | - |
| 2015 | $36,300 | -5.98% | - |
| 2012 | $38,470 | - | - |
From Table 3 we note that the median annual salary of $45,650 in Lafayette-West Lafayette is in the middle of salary range for insurance claims and policy processing clerks in state of Indiana. In comparison, the annual salary of insurance claims and policy processing clerks in Lafayette-West Lafayette is 12.2 percent (12.2%) lower than that in the highest paying Muncie and 23.2 percent (23.2%) higher than that in the lowest paying Columbus.
| Cities/Areas | Median Annual Salary |
|---|---|
| Muncie | |
| Indianapolis-Carmel | |
| Lafayette-West Lafayette | |
| Bloomington | |
| Southern Indiana nonmetropolitan area | |
| Kokomo | |
| Terre Haute | |
| Fort Wayne | |
| Northern Indiana nonmetropolitan area | |
| Michigan City-La Porte | |
| Central Indiana nonmetropolitan area | |
| Gary | |
| Lafayette | |
| Elkhart-Goshen | |
| Columbus |