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Average Medical Records Specialists Salary in Memphis, TN-MS-AR

Medical Records Specialists in the Memphis, TN-MS-AR area earn an average annual salary of $61,480, which is notably higher than the national average of $55,480. This localized premium is influenced by the specific demand and economic factors within the Memphis metropolitan region, reflecting a strong local job market for this crucial healthcare support role.

Executive Summary

  • Average Salary: $61,480 per year.
  • Growth Trend: Salaries have shifted 27.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $84,340.
  • Outlook: The Memphis area demonstrates a robust job market for Medical Records Specialists, with a total local workforce of 840 individuals in this field. The Location Quotient of 1.11 indicates a slightly higher concentration of these roles compared to the national average, suggesting a steady and potentially growing demand for skilled professionals in this sector.
2024 Market Data

Salary Overview

$61,480

The average Medical Records Specialists in Memphis, TN-MS-AR earns+10.8%above the national average.

BreakdownBased on 40h/week
Hourly

$29.6

Weekly

$1,182

Monthly

$5,123

Medical Records Specialists Salary Distribution in Memphis, TN-MS-AR

Career progression for Medical Records Specialists in Memphis typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, reflecting a clear path for career advancement and increased earning potential within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$38,060$18.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$46,110$22.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$56,580$27.2
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$76,850$36.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$84,340$40.5

Detailed Medical Records Specialists Market Analysis

Relocation Context

Nominal Salary

$61,480

Gross Pay

Real Wage (Purchasing Power)

$61,480

Adjusted for COL (100)

For professionals considering a move to Memphis, the average salary of $61,480 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 Memphis is equivalent to the national standard, offering stability and predictability for financial planning.

Job Market Context

840

Total Jobs

1.348

Per 1K Jobs

1.11

Location Quotient

Above Average

With a location quotient of 1.11, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.

With a Location Quotient of 1.11, the Memphis market shows a slightly higher concentration of Medical Records Specialists than the national average. This suggests a healthy, competitive job market where employers actively seek qualified candidates, and professionals have a good opportunity to find employment, potentially with slightly more leverage than in areas with lower concentration.

Nearby Job Markets

Nearby Cities for Medical Records Specialists

CitySalaryDist.
Jonesboro, AR Medical Records Specialists Salary$45,470↓ 26%64 mi
Jackson, TN Medical Records Specialists Salary$53,450↓ 13%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Medical Records Specialistss?

Frequently Asked Questions

How much does a Medical Records Specialists make in Memphis, TN-MS-AR?

The median annual salary for a Medical Records Specialists in Memphis, TN-MS-AR is $61,480. This typically ranges from $38,060 for entry-level positions to $84,340 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Memphis, TN-MS-AR is 10.8% higher than the national median of $55,480.

Is Memphis, TN-MS-AR a lucrative place for Medical Records Specialists?

Yes, Memphis offers a lucrative environment for Medical Records Specialists.The average salary of $61,480 significantly exceeds the national average, and the cost of living remains at the national benchmark, enhancing the real value of earnings.

Is Memphis, TN-MS-AR a good place to live for Medical Records Specialists?

The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Memphis, TN-MS-AR?

Some top paying nearby cities include Jonesboro, AR ($45,470) and Jackson, TN.

How does the Memphis salary compare to the national average?

The average salary for Medical Records Specialists in Memphis is $61,480, which is approximately $6,000 higher than the national average of $55,480.

What is the concentration of Medical Records Specialists in Memphis?

Memphis has a Location Quotient of 1.11, indicating a slightly higher concentration of Medical Records Specialists compared to the national average.

How does the cost of living in Memphis affect salary value?

The Cost of Living Index in Memphis is 100, matching the national average. This means the $61,480 salary has the same purchasing power as the national average salary.

What does the number of jobs per 1,000 workers indicate?

With 1.348 jobs per 1,000 workers, it suggests a moderate level of employment opportunities for Medical Records Specialists within the Memphis workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 840 employees in the Memphis, TN-MS-AR area with a job density of 1.348 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Medical Records Specialists • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR