Average Medical Records Specialists Salary in Indianapolis-Carmel-Greenwood, IN
In the Indianapolis-Carmel-Greenwood, IN metropolitan area, Medical Records Specialists earn an average annual salary of $50,570. This figure is slightly below the national average of $55,480, reflecting localized economic factors and demand within the region. The specific pay rates in this area are influenced by the concentration of healthcare facilities and the overall economic landscape of Indiana.
Executive Summary
- Average Salary: $50,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,030.
- Outlook: The Indianapolis-Carmel-Greenwood, IN area supports a robust workforce of 1,280 Medical Records Specialists. With a Location Quotient of 0.96, the concentration of these roles is nearly on par with the national average, indicating a stable and consistent demand for these professionals. The presence of 1.166 jobs per 1,000 workers further underscores the steady employment opportunities available in this sector within the region.
Salary Overview
The average Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN earns-8.9%below the national average.
$24.3
$973
$4,214
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for Medical Records Specialist salary growth in Indianapolis isn't provided, it's reasonable to assume a trend of gradual salary increases over the past four years, mirroring national trends in healthcare administration. Factors such as inflation, increased demand for healthcare services, and evolving technological requirements for record management likely contribute to upward pressure on compensation, even if the pace varies.
Medical Records Specialists Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills or supervisory responsibilities can command salaries considerably higher than the average. The percentile gaps in salary distribution clearly signify the financial rewards associated with accumulating expertise and advancing within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $36,900 | $17.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $37,928 | $18.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $45,940 | $22.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $63,213 | $30.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $73,030 | $35.1 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$50,570
Gross Pay
Real Wage (Purchasing Power)
$50,570
Adjusted for COL (100)
The average annual salary of $50,570 for Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN, aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary has the same purchasing power as the national average salary in a national average cost of living area. Therefore, the $50,570 earned locally effectively translates to the national average's financial standing, offering a stable economic footing for residents.
Job Market Context
1,280
Total Jobs
1.166
Per 1K Jobs
0.96
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.96x 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 0.96, the job market for Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN, is highly competitive and closely mirrors the national average in terms of professional concentration. This suggests that while opportunities exist, the number of specialists relative to the national workforce is balanced, implying a steady but not exceptionally high demand compared to other regions. Employers may find a good pool of talent, and job seekers can expect a market that is neither oversaturated nor critically undersupplied.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Medical Records Specialists Salary | $52,820↑ 4% | 8 mi |
| Southern Indiana nonmetropolitan area Medical Records Specialists Salary | $49,810↓ 2% | 8 mi |
| Central Indiana nonmetropolitan area Medical Records Specialists Salary | $47,740↓ 6% | 8 mi |
| Columbus, IN Medical Records Specialists Salary | $47,840↓ 5% | 41 mi |
| Bloomington, IN Medical Records Specialists Salary | $49,770↓ 2% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN is $50,570. This typically ranges from $36,900 for entry-level positions to $73,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 8.9% lower than the national median of $55,480.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Medical Records Specialists?
No, not significantly more lucrative than the national average.The average salary of $50,570 is slightly below the national average, and the cost of living is exactly at the national average. This indicates that while the pay is stable, it does not offer a substantial financial advantage over other regions.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Medical Records Specialists?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($52,820) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Medical Records Specialist salary compare to the national average?
The average salary for Medical Records Specialists in Indianapolis-Carmel-Greenwood, IN is $50,570, which is approximately 9% lower than the national average of $55,480.
What is the Cost of Living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood, IN is 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the country.
How concentrated are Medical Records Specialist jobs in Indianapolis?
The concentration of Medical Records Specialists in Indianapolis is indicated by a Location Quotient of 0.96, meaning the area has nearly the same proportion of these jobs as the national average.
What is the total number of Medical Records Specialists in the Indianapolis area?
There are approximately 1,280 Medical Records Specialists employed within the Indianapolis-Carmel-Greenwood, IN 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 1,280 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.166 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Medical Records Specialists Salaries by State
Top Jobs in Indianapolis-Carmel-Greenwood, IN
- All Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Transportation and Material Moving Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Office and Administrative Support Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Sales and Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Food Preparation and Serving Related Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Healthcare Practitioners and Technical Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Production Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Business and Financial Operations Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Management Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Educational Instruction and Library Occupations Salary in Indianapolis-Carmel-Greenwood, IN
- Browse All Jobs in Indianapolis-Carmel-Greenwood, IN →
Semantic Salary Analysis for Medical Records Specialists • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN