Average Medical Records Specialists Salary in Madison, WI
Medical Records Specialists in Madison, WI, command an average annual salary of $59,310, surpassing the national average of $55,480. This higher compensation reflects the specific demands and concentration of healthcare administrative roles within the Madison metropolitan area. The local market dynamics, including workforce needs and specialized skill requirements, contribute to this favorable salary landscape.
Executive Summary
- Average Salary: $59,310 per year.
- Growth Trend: Salaries have shifted 10.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,030.
- Outlook: With a local workforce of 550 Medical Records Specialists, Madison, WI, exhibits a healthy presence in this field. The Location Quotient of 1.11 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable and potentially growing demand for their specialized skills within the region's healthcare infrastructure.
Salary Overview
The average Medical Records Specialists in Madison, WI earns+6.9%above the national average.
$28.5
$1,141
$4,943
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Medical Records Specialists in Madison, WI, have experienced consistent growth over the past four years, mirroring national trends in healthcare administration. Factors such as increasing healthcare utilization, evolving data management technologies, and inflation typically drive upward salary adjustments in this sector.
Medical Records Specialists Salary Distribution in Madison, WI
The career trajectory for Medical Records Specialists in Madison, WI, typically shows a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles. These percentile gaps clearly signify robust career progression opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $41,140 | $19.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $44,483 | $21.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $56,780 | $27.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $74,138 | $35.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $80,030 | $38.5 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$59,310
Gross Pay
Real Wage (Purchasing Power)
$59,310
Adjusted for COL (100)
For professionals considering a move to Madison, WI, the average salary of $59,310 aligns perfectly with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Medical Records Specialist's salary in Madison is equivalent to the national standard, offering stability and predictability for financial planning.
Job Market Context
550
Total Jobs
1.353
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Madison, WI has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.
A Location Quotient of 1.11 for Medical Records Specialists in Madison, WI, suggests that the job market here is slightly more concentrated than the national average. This indicates a robust demand for these professionals, potentially leading to a competitive environment for employers seeking talent, but also offering good opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Medical Records Specialists Salary | $57,550↓ 3% | 33 mi |
| Rockford, IL Medical Records Specialists Salary | $53,520↓ 10% | 59 mi |
| Milwaukee-Waukesha, WI Medical Records Specialists Salary | $60,990↑ 3% | 72 mi |
| Oshkosh-Neenah, WI Medical Records Specialists Salary | $54,850↓ 8% | 77 mi |
Comparing salaries near Madison, WI
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Madison, WI?
The median annual salary for a Medical Records Specialists in Madison, WI is $59,310. This typically ranges from $41,140 for entry-level positions to $80,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 6.9% higher than the national median of $55,480.
Is Madison, WI a lucrative place for Medical Records Specialists?
Yes, Madison, WI offers a lucrative environment for Medical Records Specialists.The average salary of $59,310 exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is Madison, WI a good place to live for Medical Records Specialists?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($57,550) and Rockford, IL.
How does the local workforce size affect Medical Records Specialist jobs in Madison, WI?
A local workforce of 550 Medical Records Specialists suggests a substantial and established presence in the field, indicating consistent demand and opportunities within the Madison healthcare sector.
What does a Location Quotient of 1.11 mean for Medical Records Specialists in Madison, WI?
A Location Quotient of 1.11 signifies that Madison, WI, has a slightly higher concentration of Medical Records Specialists than the national average, implying a strong local market and potentially more job openings relative to other areas.
How does the cost of living in Madison, WI, impact the Medical Records Specialist salary?
With a Cost of Living Index of 100, the national average, the $59,310 salary in Madison, WI, offers a purchasing power equivalent to the national average, making it a financially stable location for these professionals.
Are there good career advancement opportunities for Medical Records Specialists in Madison, WI?
Yes, the salary distribution typically shows significant increases with experience, indicating clear pathways for career progression from entry-level to senior roles within Madison's healthcare industry.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Madison, WI area with a job density of 1.353 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 Madison, WI