Insurance Policy Processing Clerk

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AVG. SALARY

$50,100

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Decreasing

Money & Outlook

:

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Oklahoma Earnings

Average Annual Wage

$50,100

Entry Annual Wage

$34,280

Experienced Annual Wage

$63,970

Average Hourly Wage

$24.09

Entry Hourly Wage

$16.48

Experienced Hourly Wage

$30.76

Median Hourly Wage

$23.51

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Fort Smith AR-OK MSA $46,600 or $22.40/hr $35,180 or $16.92/hr $66,100 or $31.78/hr
Oklahoma City MSA $48,700 or $23.41/hr $35,220 or $16.93/hr $60,850 or $29.26/hr
Tulsa MSA $50,710 or $24.38/hr $35,510 or $17.07/hr $61,170 or $29.41/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Northeast Oklahoma nonmetropolitan area $45,830 or $22.04/hr $33,790 or $16.25/hr $58,290 or $28.03/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -4%
Job Openings 137 estimated annual job openings
Employment 1,610 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Southeast 90 0% 1 N/A 9
Tulsa MSA 350 3% 1 N/A 34
Oklahoma City MSA 990 3% 3 N/A 98

National Earnings

The earnings information below is for the occupational group Insurance Claims and Policy Processing Clerks. The occupation Insurance Policy Processing Clerk is part of this group.

Average Annual Wage

$51,980

Average Hourly Wage

$24.99

Average Annual Range

$36,900 to $73,100

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook decreasing
  The employment change from 2023 to 2033 is estimated to be -4%.
(The National average for all occupations is +4%)
Job Openings very small number
  A total of 2230 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 271,800 workers in 2023.
(The National average for all occupations is 150,944 workers)
Growth Declining growth
  Productivity-enhancing technology is expected to limit demand for insurance claims and policy processing clerks. 
Non Traditional Occupation This is a non-traditional occupation for men in 2024.
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (81.4%)
  • Insurance carriers and related activities (NAICS524000) (80.4%)
  • Insurance carriers (NAICS524100) (42.8%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (37.6%)
  • Insurance agencies and brokerages (NAICS524210) (25.9%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (23%)
  • Direct health and medical insurance carriers (NAICS524114) (13.4%)
  • Other insurance related activities (NAICS524290) (11.7%)