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Medical Billing Specialist Salary in Lake St. Louis, MO
How much does a Medical Billing Specialist make in Lake St. Louis, MO?
$46,744 (USD)/year
Average Bonus
$771 (USD)
per Year
Total Compensation
$47,001.28
Entry Level
$35,142
Median
$46,230
Senior Level
$52,087
As of July, 23, 2026, the average medical billing specialist gross salary in Lake St. Louis, Missouri is $46,744 or an equivalent hourly rate of $22. In addition, medical billing specialists earn an average bonus of $771. An entry level medical billing specialist with 1-3 years of experience earns an average salary of $35,142. At the higher end of the pay range, a senior level medical billing specialist with 8+ years of experience earns an average salary of $52,087. Salary estimates are based on salary survey data collected directly from employers in Lake St. Louis, Missouri.
Data powered by ERI
Salary Potential for a Medical Billing Specialist
Explore the estimated salary growth for a Medical Billing Specialist in Lake St. Louis, MO for up to 5 years. The estimated salary of a Medical Billing Specialist will be $47,955 in 1 year and $53,120 in 5 years.
View Salary by Year
Estimated Salary
$49,197
Average Growth
5.2 %
The estimated salary for a Medical Billing Specialist in 2 years is $49,197, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Medical Billing Specialist Education
This chart displays the highest level of education for Medical Billing Specialists.
- 0% of Medical Billing Specialists have less than a High School Diploma
- 100% of Medical Billing Specialists have a High School Diploma
- 0% of Medical Billing Specialists have an Associate's Degree
- 0% of Medical Billing Specialists have a Bachelor's Degree
- 0% of Medical Billing Specialists have a Master's Degree
- 0% of Medical Billing Specialists have a Doctorate Degree
The typical field of study for a Medical Billing Specialist is Finance.
See how education can impact your salaryPopular Skills for a Medical Billing Specialist
Skills data not available for this job
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Medical Billing Specialist Salaries in Other Locations
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View moreCost of Living in Lake St. Louis, MO
The cost of living in Lake St. Louis, MO is 10% lower than the national average.
10% lower
than the national average
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Frequently Asked Questions
What does a Medical Billing Specialist do?
Submits electronic and paper claims to insurance carriers and verifies eligibility of insurance. Posts payments and bills out medical claims. Investigates and communicates with insurance carriers regarding inquiries from patients and patient representatives.
How much does a Medical Billing Specialist make in Lake St. Louis, MO?
The average salary for a Medical Billing Specialist is $46,744 per year or $22.47 per hour in Lake St. Louis, MO. Top earners have reported making up to $52,087. However, the typical pay range in Lake St. Louis, MO is between $35,142 and $52,087 annually.
What is the salary trajectory for a Medical Billing Specialist?
Medical Billing Specialist is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Medical Billing Specialist salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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