Insurance Claims and Policy Processing Clerks Salary in New Mexico
SOC 43-9041 · New Mexico · BLS OEWS May 2024
The median salary for Insurance Claims and Policy Processing Clerks in New Mexico is $38,917 per year ($18.71/hr). This is 19.7% lower than the national median of $48,443. The middle 50% earn between $36,858 and $46,301 annually. Top earners at the 90th percentile reach $55,266.
Wage Percentiles: New Mexico
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $16.89 | $35,131 | -4.8% |
| P25 | $17.72 | $36,858 | -11.4% |
| P50MEDIAN | $18.71 | $38,917 | -19.7% |
| P75 | $22.26 | $46,301 | -22.2% |
| P90 | $26.57 | $55,266 | -24.4% |
Market Context Signal
The overall labor market contracted slightly in February: 5.0M separations vs 4.8M hires. Hiring rate hit 3.1%, the lowest since April 2020. The "Great Stay" persists with quits at 1.9% for 8 consecutive months.
Frequently Asked Questions
What is the median insurance claims and policy processing clerks salary in New Mexico?
The median (P50) annual salary for Insurance Claims and Policy Processing Clerks in New Mexico is approximately $38,917, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 19.7% lower than the national median of $48,443.
What is the salary range for entry-level insurance claims and policy processing clerks in New Mexico?
Entry-level Insurance Claims and Policy Processing Clerks (10th percentile) in New Mexico earn approximately $35,131 per year. The 25th percentile is $36,858. Top earners (90th percentile) reach $55,266.
How does New Mexico compare to the national average for insurance claims and policy processing clerks?
New Mexico pays 19.7% lower than the national average. The national P50 is $48,443 vs $38,917 in New Mexico. Based on BLS national data adjusted for regional cost factors.
Insurance Claims and Policy Processing Clerks Salary by Location
Other Roles in New Mexico
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