Average Medical Records Specialists Salary in Albany-Schenectady-Troy, NY
In the Albany-Schenectady-Troy, NY metropolitan area, Medical Records Specialists earn an average annual salary of $58,240. This figure slightly surpasses the national average of $55,480, indicating a localized demand that supports competitive compensation. The specific economic drivers and healthcare infrastructure within this region contribute to this favorable pay scale for the profession.
Executive Summary
- Average Salary: $58,240 per year.
- Growth Trend: Salaries have shifted 17.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $79,230.
- Outlook: The Albany-Schenectady-Troy region supports a dedicated workforce of 510 Medical Records Specialists. With a Location Quotient of 0.95, the concentration of these roles is nearly on par with the national average, suggesting a stable and consistent demand for these professionals. The presence of 1.159 jobs per 1,000 workers further underscores the steady employment landscape for this occupation in the area.
Salary Overview
The average Medical Records Specialists in Albany-Schenectady-Troy, NY earns+5.0%above the national average.
$28
$1,120
$4,853
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for the Albany-Schenectady-Troy region isn't provided, it's reasonable to assume that salaries for Medical Records Specialists have seen consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare data complexity, evolving regulatory requirements, and the general inflation rate typically drive upward salary adjustments in this field.
Medical Records Specialists Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Medical Records Specialists in Albany-Schenectady-Troy typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills or supervisory responsibilities can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $38,030 | $18.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $43,680 | $21 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $53,890 | $25.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $72,800 | $35 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $79,230 | $38.1 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$58,240
Gross Pay
Real Wage (Purchasing Power)
$58,240
Adjusted for COL (100)
For Medical Records Specialists considering a move to Albany-Schenectady-Troy, the nominal average salary of $58,240 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial outlook without significant adjustments needed for daily expenses.
Job Market Context
510
Total Jobs
1.159
Per 1K Jobs
0.95
Location Quotient
Albany-Schenectady-Troy, NY has 0.95x the national average concentration of Medical Records Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.95 indicates that the Albany-Schenectady-Troy area has a slightly lower concentration of Medical Records Specialists compared to the national average. This suggests a balanced job market where demand is present but not overwhelmingly saturated, potentially offering good opportunities for skilled professionals without intense competition.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Medical Records Specialists Salary | $51,350↓ 12% | 31 mi |
| Glens Falls, NY Medical Records Specialists Salary | $54,120↓ 7% | 45 mi |
| Kingston, NY Medical Records Specialists Salary | $61,910↑ 6% | 52 mi |
| Southwest New York nonmetropolitan area Medical Records Specialists Salary | $50,190↓ 14% | 68 mi |
| Central East New York nonmetropolitan area Medical Records Specialists Salary | $52,440↓ 10% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Albany-Schenectady-Troy, NY?
The median annual salary for a Medical Records Specialists in Albany-Schenectady-Troy, NY is $58,240. This typically ranges from $38,030 for entry-level positions to $79,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 5.0% higher than the national median of $55,480.
Is Albany-Schenectady-Troy, NY a lucrative place for Medical Records Specialists?
Yes, it is a slightly lucrative place for Medical Records Specialists.The average salary of $58,240 is above the national average, and the cost of living is exactly at the national average, providing good purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for Medical Records Specialists?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($51,350) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average salary for Medical Records Specialists in Albany-Schenectady-Troy is $58,240, which is higher than the national average of $55,480.
What is the concentration of Medical Records Specialists in this area?
The concentration, measured by the Location Quotient, is 0.95, indicating a presence that is very close to the national average.
How does the cost of living affect the salary in Albany-Schenectady-Troy?
With a Cost of Living Index of 100, the $58,240 salary offers purchasing power equivalent to the national average, making it a stable financial environment.
What is the total number of Medical Records Specialists in the Albany-Schenectady-Troy area?
There are approximately 510 Medical Records Specialists employed within the Albany-Schenectady-Troy metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.159 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical Records Specialists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY