SalaryNode

Average Medical Records Specialists Salary in Lafayette, LA

In Lafayette, LA, Medical Records Specialists earn an average annual salary of $49,630. This figure sits slightly below the national average of $55,480, a common occurrence in markets where local economic factors and demand dynamics influence compensation levels. The specific pay scale in Lafayette reflects the unique interplay of regional industry needs and the available talent pool.

Executive Summary

  • Average Salary: $49,630 per year.
  • Growth Trend: Salaries have shifted 38.7% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $62,200.
  • Outlook: The job market for Medical Records Specialists in Lafayette, LA, shows a stable presence, with a local workforce of 220 professionals. The Location Quotient of 1.01 indicates that employment in this field is very close to the national average concentration, suggesting a consistent, albeit not rapidly expanding, demand for these roles within the region.
2024 Market Data

Salary Overview

$49,630

The average Medical Records Specialists in Lafayette, LA earns-10.5%below the national average.

BreakdownBased on 40h/week
Hourly

$23.9

Weekly

$954

Monthly

$4,136

Medical Records Specialists Salary Distribution in Lafayette, LA

Career progression for Medical Records Specialists in Lafayette, LA, is marked by increasing earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching the upper percentiles, reflecting their accumulated expertise and value to employers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$30,810$14.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$37,223$17.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$50,140$24.1
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$62,038$29.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$62,200$29.9

Detailed Medical Records Specialists Market Analysis

Relocation Context

Nominal Salary

$49,630

Gross Pay

Real Wage (Purchasing Power)

$49,630

Adjusted for COL (100)

The nominal average salary of $49,630 in Lafayette, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Medical Records Specialist's salary in Lafayette is equivalent to the national average, indicating a balanced financial landscape where the cost of essential goods and services is neither exceptionally high nor low.

Job Market Context

220

Total Jobs

1.229

Per 1K Jobs

1.01

Location Quotient

Above Average

With a location quotient of 1.01, Lafayette, LA has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.

With a Location Quotient of 1.01, Lafayette, LA, presents a job market for Medical Records Specialists that is nearly identical in concentration to the national average. This suggests a balanced competitive environment where the number of available specialists closely matches the demand from healthcare facilities and other organizations requiring their services.

Nearby Job Markets

Hiring Medical Records Specialistss?

Frequently Asked Questions

How much does a Medical Records Specialists make in Lafayette, LA?

The median annual salary for a Medical Records Specialists in Lafayette, LA is $49,630. This typically ranges from $30,810 for entry-level positions to $62,200 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lafayette, LA is 10.5% lower than the national median of $55,480.

Is Lafayette, LA a lucrative place for Medical Records Specialists?

No, not exceptionally lucrative compared to the national average.The average salary of $49,630 is below the national average, although the cost of living is also at the national average, making the purchasing power comparable.

Is Lafayette, LA a good place to live for Medical Records Specialists?

The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lafayette, LA?

Some top paying nearby cities include Baton Rouge, LA ($50,740) and Southwest Louisiana nonmetropolitan area.

How does the number of Medical Records Specialists in Lafayette compare nationally?

Lafayette has 1.229 Medical Records Specialists per 1,000 workers, which is very close to the national average, indicating a similar level of employment concentration.

What is the total number of Medical Records Specialists in Lafayette, LA?

There are approximately 220 Medical Records Specialists employed in the Lafayette, LA area.

Does experience significantly impact a Medical Records Specialist's salary in Lafayette?

Yes, like most professions, experience plays a crucial role, with senior specialists earning substantially more than entry-level professionals.

How does Lafayette's cost of living affect the salary?

The cost of living in Lafayette is exactly at the national average (100), meaning the $49,630 salary offers average purchasing power compared to the rest of the country.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Lafayette, LA area with a job density of 1.229 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.