The annual salary statistics of insurance claims and policy processing clerks in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of insurance claims and policy processing clerks in Albany-Schenectady-Troy 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 | $38,540 |
| 25th Percentile Wage | $44,080 |
| 50th Percentile Wage | $48,940 |
| 75th Percentile Wage | $57,940 |
| 90th Percentile Wage | $62,270 |
Table 1 shows the average annual salary for insurance claims and policy processing clerks in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $62,270. The median (50th percentile) annual salary is $48,940. The average annual salary for the bottom 10 percent earners is $38,540.
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 | $48,940 | 2.74% | 25.64% |
| 2021 | $47,600 | -1.30% | - |
| 2020 | $48,220 | 1.31% | - |
| 2019 | $47,590 | 9.64% | - |
| 2018 | $43,000 | 0.72% | - |
| 2017 | $42,690 | 0.82% | - |
| 2016 | $42,340 | 2.50% | - |
| 2015 | $41,280 | 9.13% | - |
| 2014 | $37,510 | 5.55% | - |
| 2013 | $35,430 | -2.71% | - |
| 2012 | $36,390 | - | - |
From Table 3 we note that with a median annual salary of $48,940, Albany-Schenectady-Troy is the second highest paying city for insurance claims and policy processing clerks in state of New York, following the highest paying city New York-Northern New Jersey-Long Island (median annual salary of $52,530). Compared with New York-Northern New Jersey-Long Island, the median annual salary of insurance claims and policy processing clerks in Albany-Schenectady-Troy is 6.8 percent (6.8%) lower.