Average Medical Records Specialists Salary in Fayetteville-Springdale-Rogers, AR
In Fayetteville-Springdale-Rogers, AR, Medical Records Specialists earn an average annual salary of $48,100. This figure is notably below the national average of $55,480, suggesting that local market dynamics and potentially lower demand influence compensation in this region. The specific economic landscape of Fayetteville-Springdale-Rogers, AR, plays a crucial role in shaping these salary expectations for the profession.
Executive Summary
- Average Salary: $48,100 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,940.
- Outlook: The Medical Records Specialist job market in Fayetteville-Springdale-Rogers, AR, shows a moderate level of concentration, with a Location Quotient of 0.73, indicating a slightly lower presence compared to the national average. The local workforce comprises 240 specialists, with 0.888 jobs per 1,000 workers, suggesting a stable but not rapidly expanding demand for these professionals within the region.
Salary Overview
The average Medical Records Specialists in Fayetteville-Springdale-Rogers, AR earns-13.3%below the national average.
$23.1
$925
$4,008
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for Medical Records Specialists, like many roles in the healthcare sector, have experienced a gradual upward trend. This growth is typically driven by increasing healthcare needs, evolving data management technologies, and inflation, which would likely have led to modest salary increases over the past four years in Fayetteville-Springdale-Rogers, AR.
Medical Records Specialists Salary Distribution in Fayetteville-Springdale-Rogers, AR
Career progression for Medical Records Specialists in Fayetteville-Springdale-Rogers, AR, is typically reflected in salary increases with experience. Entry-level positions will command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary distribution highlight the clear career trajectory and earning potential as one advances from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $33,610 | $16.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $36,075 | $17.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $40,670 | $19.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $60,125 | $28.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $73,940 | $35.5 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$48,100
Gross Pay
Real Wage (Purchasing Power)
$48,100
Adjusted for COL (100)
The average annual salary of $48,100 for Medical Records Specialists in Fayetteville-Springdale-Rogers, AR, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for residents without the added pressure of a higher cost of living.
Job Market Context
240
Total Jobs
0.888
Per 1K Jobs
0.73
Location Quotient
Fayetteville-Springdale-Rogers, AR has 0.73x 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.
With a Location Quotient of 0.73, the Fayetteville-Springdale-Rogers, AR, market for Medical Records Specialists is less concentrated than the national average. This suggests that while the profession is present, it is not a dominant sector within the local employment landscape. The job market is likely competitive for available positions, but there may be fewer opportunities compared to more highly concentrated areas.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Medical Records Specialists Salary | $45,180↓ 6% | 51 mi |
| Joplin, MO-KS Medical Records Specialists Salary | $47,590↓ 1% | 72 mi |
| Springfield, MO Medical Records Specialists Salary | $50,980↑ 6% | 91 mi |
| Tulsa, OK Medical Records Specialists Salary | $54,530↑ 13% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
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Frequently Asked Questions
How much does a Medical Records Specialists make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Medical Records Specialists in Fayetteville-Springdale-Rogers, AR is $48,100. This typically ranges from $33,610 for entry-level positions to $73,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 13.3% lower than the national median of $55,480.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Medical Records Specialists?
No, it is not considered a highly lucrative place.The average salary of $48,100 is below the national average, and the job market concentration is lower than the national average, indicating fewer specialized opportunities.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Medical Records Specialists?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($45,180) and Joplin, MO-KS.
How does the Fayetteville-Springdale-Rogers, AR salary compare to the national average?
The average salary of $48,100 in Fayetteville-Springdale-Rogers, AR, is approximately $7,380 less than the national average of $55,480 for Medical Records Specialists.
What is the Cost of Living in Fayetteville-Springdale-Rogers, AR?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR, is 100, which is exactly the national average, meaning the general cost of goods and services is comparable to the rest of the country.
How many Medical Records Specialists are there in Fayetteville-Springdale-Rogers, AR?
There are approximately 240 Medical Records Specialists employed in the Fayetteville-Springdale-Rogers, AR, metropolitan area.
Does experience significantly impact salary for Medical Records Specialists in this area?
Yes, as with most professions, experience is a key factor in salary progression. Senior Medical Records Specialists typically earn more than entry-level professionals, reflecting increased skills and responsibilities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 0.888 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 Fayetteville-Springdale-Rogers, AR