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salary information

Salary Information for a Claims Specialist in Phoenix, AZ

Median salary:

This data reflects Total Cash for a Level 2 Claims Specialist at a mid-size company. To get more detailed information on total compensation for the role of Claims Specialist in Phoenix, AZ, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Claims Specialist in Phoenix, AZ?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

63.9

Total Comp (TC)

Cost of Living (COL) Index
63.9
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Claims Specialist in Phoenix, AZ?

Claims Specialists are responsible for processing and managing claims related to insurance policies, ensuring that all claims are thoroughly investigated and appropriately resolved. They are also responsible for communicating with policyholders, insurance agents, and other stakeholders to provide exceptional customer service and support throughout the claims process. Additionally, Claims Specialists must stay up-to-date with policy changes, regulatory requirements, and industry trends to ensure accuracy and compliance in their work.

What are the characteristics of a level 2 Claims Specialist?

A level 2 Claims Specialist in Phoenix, AZ has well developed professional and technical expertise. Their work impacts the quality and timeline of part of a product or service. They typically have 3 yearas of average experience.

Claims Specialist

Benchmark Role

Individual Contributor

Job Type

Claims

Job Family

Business

Job Area

Quality of Life in Phoenix, AZ

Income and Cost of Living

  • Annual Salary: $55,200
  • Cost of Living Index: Slightly above the national average
    • Food, transportation, and healthcare costs are modestly higher than in many parts of the nation.
  • Utilities and Groceries: Generally aligned with national averages

Housing Market

  • Median Home Price: Above the national average
    • As of late 2023, the median home price in Phoenix has seen substantial growth, driven by increased demand and limited supply.
  • Renting Options: Diverse but often pricey
    • Renters might find more affordable options in the outer suburbs or smaller housing units.
  • Home Ownership Possibility: More challenging than in areas with median national prices, especially for first-time buyers

Quality of Life

  • Climate: Warm, desert climate with hot summers and mild winters
    • Offers plenty of outdoor activities year-round, but summers can be intensely hot.
  • Recreational Opportunities: Abundant parks, hiking trails, and cultural events
  • Commute and Transportation: Average to below-average commute times, but car dependency is high due to limited public transit options

Access to Healthcare

  • Healthcare Facilities: Numerous hospitals and clinics with advanced medical care options
  • Healthcare Costs: Slightly above the national average
    • Insurance and medical services can represent a significant portion of expenses

Quality of K-12 Schools

  • Public Schools: Mixed performance; varies greatly by district
    • Some districts offer excellent educational opportunities while others may lag behind the national benchmarks.
  • Private Schools and Alternatives: Limited but available options for those seeking different educational settings
    • Charter schools are a popular alternative in the area

Summary

Phoenix offers a vibrant lifestyle with numerous recreational and cultural amenities. While the cost of living is above average and housing can be a challenge due to higher-than-average prices, many find the city's charm and mild winters to be worthwhile. The city's healthcare facilities are plentiful, although they come with higher costs. Families moving to Phoenix will need to research school districts carefully due to the varied performance across public schools. Overall, a $55,200 salary in Phoenix provides a comfortable life, but budgets need careful planning to manage housing and healthcare expenses effectively.

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OpenComp aggregates multiple data sources to provide accurate salary data for Phoenix, AZ, specifically for a Level 2 Claims Specialist. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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