Average Medical Records Specialists Salary in Hot Springs, AR
The average salary for Medical Records Specialistss in Hot Springs, AR is $41,960. While this is lower than the national average, the cost of living in Hot Springs, AR may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $41,960 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,420.
- Outlook: The current demand for Medical Records Specialistss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Hot Springs, AR economy.
Salary Overview
The average Medical Records Specialists in Hot Springs, AR earns-24.4%below the national average.
$20.2
$807
$3,497
Medical Records Specialists Salary Trends (2020-2024)
Over the past 3 years, Medical Records Specialists salaries in Hot Springs, AR have experienced a rapid surge, growing by 21.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Medical Records Specialists Salary Distribution in Hot Springs, AR
The earning potential for Medical Records Specialistss in Hot Springs, AR varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $31,050, while highly experienced professionals can command wages upwards of $60,420.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $31,050 | $14.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $31,470 | $15.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $36,900 | $17.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $52,450 | $25.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $60,420 | $29 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$41,960
Gross Pay
Real Wage (Purchasing Power)
$41,960
Adjusted for COL (100)
In Hot Springs, AR, the Cost of Living Index is 100. This increases your effective purchasing power from $41,960 to $41,960.
Job Market Context
50
Total Jobs
1.411
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Hot Springs, AR has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.
50 people work as Medical Records Specialists in Hot Springs, AR.
1.411 out of every 1,000 local jobs are Medical Records Specialists positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Medical Records Specialists Salary | $47,260↑ 13% | 43 mi |
| South Arkansas nonmetropolitan area Medical Records Specialists Salary | $41,080↓ 2% | 51 mi |
| North Arkansas nonmetropolitan area Medical Records Specialists Salary | $45,140↑ 8% | 51 mi |
| West Arkansas nonmetropolitan area Medical Records Specialists Salary | $40,710↓ 3% | 51 mi |
| East Arkansas nonmetropolitan area Medical Records Specialists Salary | $45,840↑ 9% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Hot Springs, AR?
The median annual salary for a Medical Records Specialists in Hot Springs, AR is $41,960. This typically ranges from $31,050 for entry-level positions to $60,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 24.4% lower than the national median of $55,480.
Is Hot Springs, AR a good place for Medical Records Specialistss?
It depends on your priorities. While the average Medical Records Specialists salary in Hot Springs, AR is $41,960 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Hot Springs, AR. See distinct detailed breakdown below.
Is Hot Springs, AR a good place to live for Medical Records Specialists?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($47,260) and South Arkansas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Hot Springs, AR area with a job density of 1.411 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 Hot Springs, AR