Insurance Claims and Policy Processing Clerks Salary in Waterloo-Cedar Falls, IA
Insurance Claims and Policy Processing Clerks in Waterloo-Cedar Falls, IA make a median of $47,610 a year, or about $22.89 an hour. The range runs from $37K at the entry level to $63K for experienced workers. Cost of living is below average (RPP 87.06), which stretches that salary to about $54,686 in buying power. A 2-bedroom apartment runs $1,051/month — about 32.4% of take-home, which is tight.
So what does $48K get you in Waterloo-Cedar Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Waterloo-Cedar Falls’s Regional Price Parity (87.06). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About insurance claims and policy processing clerks
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Compensation breakdown
Annual earnings by percentile, Waterloo-Cedar Falls, IA
Entry-level insurance claims and policy processing clerks (10th percentile) start around $37K. Mid-career wages sit at $48K. Top earners bring in $63K or more, a $26K spread from bottom to top.
Insurance Claims and Policy Processing Clerks pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Washington | $59K | +22% | 3,920 |
| New Jersey | $58K | +20% | 4,780 |
| New Hampshire | $58K | +19% | 1,310 |
| New York | $58K | +19% | 7,480 |
| District of Columbia | $58K | +19% | 140 |
| Connecticut | $57K | +18% | 2,290 |
| Massachusetts | $56K | +16% | 5,020 |
| California | $54K | +12% | 25,360 |
| Minnesota | $54K | +11% | 4,030 |
| Maryland | $53K | +10% | 1,520 |
| Maine | $52K | +7% | 1,520 |
| Rhode Island | $51K | +5% | 660 |
| Delaware | $50K | +4% | 710 |
| Vermont | $50K | +3% | 330 |
| Montana | $50K | +3% | 440 |
| Wisconsin | $49K | +2% | 4,670 |
| Arizona | $49K | +2% | 8,240 |
| Oregon | $49K | +2% | 2,150 |
| Texas | $49K | +1% | 28,160 |
| Oklahoma | $49K | +1% | 2,020 |
| North Dakota | $49K | +1% | 610 |
| Hawaii | $48K | -0% | 430 |
| Ohio | $48K | -1% | 11,680 |
| Kentucky | $48K | -2% | 2,750 |
| Nebraska | $48K | -2% | 2,630 |
| Florida | $47K | -3% | 17,010 |
| Missouri | $47K | -3% | 4,780 |
| Illinois | $47K | -3% | 9,160 |
| Kansas | $47K | -3% | 700 |
| Idaho | $47K | -3% | 790 |
| Pennsylvania | $47K | -3% | 6,640 |
| Michigan | $47K | -4% | 5,820 |
| Iowa | $47K | -4% | 2,550 |
| Virginia | $47K | -4% | 4,890 |
| North Carolina | $47K | -4% | 7,110 |
| Indiana | $46K | -4% | 5,830 |
| Tennessee | $46K | -5% | 8,810 |
| Georgia | $46K | -5% | 10,040 |
| Nevada | $45K | -8% | 2,580 |
| South Dakota | $44K | -10% | 1,170 |
| Louisiana | $44K | -10% | 2,010 |
| South Carolina | $44K | -10% | 4,120 |
| Utah | $43K | -10% | 1,950 |
| Wyoming | $41K | -14% | 240 |
| Arkansas | $41K | -16% | 2,010 |
| Mississippi | $40K | -18% | 1,730 |
| New Mexico | $39K | -20% | 790 |
| West Virginia | $39K | -20% | 1,240 |
| Alabama | $38K | -22% | 2,540 |
| Alaska | $36K | -25% | 70 |
Showing 1–10 of 50 states
BLS does not publish data for every state when sample sizes are too small
Track insurance claims and policy processing clerks salary changes
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Frequently asked questions
How much do insurance claims and policy processing clerks make in Waterloo-Cedar Falls, IA?
The median is $47,610 a year, that works out to about $23 an hour. But the range is wide: entry-level workers start around $37,490, and experienced insurance claims and policy processing clerks can clear $62,990. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $48K enough to live in Waterloo-Cedar Falls?
On that salary, you'd take home roughly $3,167/month after taxes. A 2-bedroom here rents for about $1,051/month, which eats 33.2% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a insurance claims and policy processing clerks salary go in Waterloo-Cedar Falls?
Waterloo-Cedar Falls has a Regional Price Parity of 87.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median insurance claims and policy processing clerks salary is worth about $54,686 in national-average purchasing power.
Where do insurance claims and policy processing clerks get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.