The annual salary statistics of insurance claims and policy processing clerks in Farmington, New Mexico is shown in Table 1. The wage data of insurance claims and policy processing clerks in Farmington 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 | $25,580 |
| 25th Percentile Wage | $27,790 |
| 50th Percentile Wage | $32,370 |
| 75th Percentile Wage | $37,810 |
| 90th Percentile Wage | $43,750 |
Table 1 shows the average annual salary for insurance claims and policy processing clerks in Farmington, New Mexico in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $43,750. The median (50th percentile) annual salary is $32,370. The average annual salary for the bottom 10 percent earners is $25,580.
The table and chart below show the trend of the median salary of insurance claims and policy processing clerks from 2012 to 2014. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 2-Year Growth |
|---|---|---|---|
| 2014 | $32,370 | -10.41% | -6.52% |
| 2013 | $35,740 | 3.53% | - |
| 2012 | $34,480 | - | - |
From Table 3 we note that the median annual salary of $32,370 in Farmington is in the middle of salary range for insurance claims and policy processing clerks in state of New Mexico. In comparison, the annual salary of insurance claims and policy processing clerks in Farmington is 33.9 percent (33.9%) lower than that in the highest paying Las Cruces and 12.3 percent (12.3%) higher than that in the lowest paying North and West Central New Mexico nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Las Cruces | |
| Santa Fe | |
| Albuquerque | |
| Eastern New Mexico nonmetropolitan area | |
| Northern New Mexico nonmetropolitan area | |
| Eastern New Mexico nonmetropolitan area | |
| Farmington | |
| North and West Central New Mexico nonmetropolitan area |