Average Medical Records Specialists Salary in New York-Newark-Jersey City, NY-NJ
Medical Records Specialists in the New York-Newark-Jersey City, NY-NJ area earn an impressive average annual salary of $65,680. This figure significantly surpasses the national average of $55,480, indicating a strong demand and higher compensation for these professionals in this metropolitan hub. The elevated pay is likely influenced by the region's dynamic healthcare sector and the overall economic landscape.
Executive Summary
- Average Salary: $65,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,470.
- Outlook: With a local workforce of 7,370 Medical Records Specialists, the New York-Newark-Jersey City area demonstrates a substantial presence in this field. The Location Quotient of 0.65 suggests that while the concentration is slightly below the national average, the sheer volume of jobs available points to a robust and active market for these professionals.
Salary Overview
The average Medical Records Specialists in New York-Newark-Jersey City, NY-NJ earns+18.4%above the national average.
$31.6
$1,263
$5,473
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 the New York-Newark-Jersey City region have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, technological advancements in record management, and inflation typically drive upward salary adjustments in this sector.
Medical Records Specialists Salary Distribution in New York-Newark-Jersey City, NY-NJ
The career trajectory for Medical Records Specialists typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in salary distribution clearly signify the career progression and earning potential available through advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $37,520 | $18 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $49,260 | $23.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $60,610 | $29.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $82,100 | $39.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $99,470 | $47.8 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$65,680
Gross Pay
Real Wage (Purchasing Power)
$65,680
Adjusted for COL (100)
The average annual salary of $65,680 in the New York-Newark-Jersey City area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this income is comparable to the national standard, offering a balanced financial outlook for residents.
Job Market Context
7,370
Total Jobs
0.787
Per 1K Jobs
0.65
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.65x 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.
A Location Quotient of 0.65 indicates that Medical Records Specialists are less concentrated in the New York-Newark-Jersey City area compared to the national average. This suggests that while the profession is present, the job market might be less saturated than in other regions, potentially leading to competitive opportunities for skilled individuals seeking employment in this locale.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Medical Records Specialists Salary | $57,090↓ 13% | 44 mi |
| Trenton-Princeton, NJ Medical Records Specialists Salary | $56,950↓ 13% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Medical Records Specialists Salary | $58,240↓ 11% | 54 mi |
| New Haven, CT Medical Records Specialists Salary | $62,200↓ 5% | 70 mi |
| Waterbury-Shelton, CT Medical Records Specialists Salary | $58,890↓ 10% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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Frequently Asked Questions
How much does a Medical Records Specialists make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Medical Records Specialists in New York-Newark-Jersey City, NY-NJ is $65,680. This typically ranges from $37,520 for entry-level positions to $99,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 18.4% higher than the national median of $55,480.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Medical Records Specialists?
Yes, it is a lucrative place for Medical Records Specialists.The average salary of $65,680 significantly exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Medical Records Specialists?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($57,090) and Trenton-Princeton, NJ.
How does the local workforce size impact job opportunities?
The local workforce of 7,370 Medical Records Specialists indicates a substantial presence, suggesting a stable demand for these roles within the region's healthcare infrastructure.
What does a Location Quotient of 0.65 mean for job seekers?
A Location Quotient below 1.0, like 0.65, suggests fewer specialists per capita than the national average, which could translate to a less competitive job market for qualified candidates.
How does the cost of living affect the Medical Records Specialist salary?
With a Cost of Living Index of 100, the $65,680 salary offers purchasing power equivalent to the national average, meaning the higher nominal wage effectively balances with local expenses.
What are the typical career paths for Medical Records Specialists?
Career paths often involve progressing from entry-level roles to positions with greater responsibility, such as Health Information Technicians, HIM Managers, or specialized data analysts, with corresponding salary increases.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,370 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.787 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 New York-Newark-Jersey City, NY-NJ