Average Medical Records Specialists Salary in Peoria, IL
In Peoria, IL, Medical Records Specialists earn an average annual salary of $50,640. This figure is slightly below the national average of $55,480, a common occurrence in markets where local economic factors and demand dynamics influence compensation. The specific pay rates in Peoria are a reflection of the area's unique employment landscape and the concentration of healthcare facilities.
Executive Summary
- Average Salary: $50,640 per year.
- Growth Trend: Salaries have shifted 25.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,520.
- Outlook: Peoria's market for Medical Records Specialists shows a moderate level of concentration, with a Location Quotient of 1.27 indicating a presence slightly above the national average. The local workforce comprises approximately 260 professionals in this role, suggesting a stable, albeit not rapidly expanding, demand for these essential administrative functions within the healthcare sector.
Salary Overview
The average Medical Records Specialists in Peoria, IL earns-8.7%below the national average.
$24.4
$974
$4,220
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for Peoria's Medical Records Specialist salaries isn't provided, it's reasonable to assume a general upward trend in compensation over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for healthcare services typically drive salary increases for specialized roles like Medical Records Specialists.
Medical Records Specialists Salary Distribution in Peoria, IL
Career progression for Medical Records Specialists in Peoria typically involves salary increases tied to experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $35,150 | $16.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $37,980 | $18.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $48,120 | $23.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $63,300 | $30.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $73,520 | $35.3 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$50,640
Gross Pay
Real Wage (Purchasing Power)
$50,640
Adjusted for COL (100)
The average annual salary of $50,640 in Peoria aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Medical Records Specialist's salary in Peoria is comparable to that of someone earning the national average salary in a location with average living expenses.
Job Market Context
260
Total Jobs
1.549
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Peoria, IL has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.
With a Location Quotient of 1.27, Peoria demonstrates a slightly higher concentration of Medical Records Specialists than the national average. This suggests a healthy, established market for these professionals, indicating a consistent demand that supports a workforce of 260 individuals, making it a competitive yet accessible environment for job seekers.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Medical Records Specialists Salary | $45,570↓ 10% | 39 mi |
| West Central Illinois nonmetropolitan area Medical Records Specialists Salary | $45,260↓ 11% | 43 mi |
| East Central Illinois nonmetropolitan area Medical Records Specialists Salary | $50,720↑ 0% | 43 mi |
| Northwest Illinois nonmetropolitan area Medical Records Specialists Salary | $46,910↓ 7% | 43 mi |
| South Illinois nonmetropolitan area Medical Records Specialists Salary | $48,370↓ 4% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Peoria, IL?
The median annual salary for a Medical Records Specialists in Peoria, IL is $50,640. This typically ranges from $35,150 for entry-level positions to $73,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 8.7% lower than the national median of $55,480.
Is Peoria, IL a lucrative place for Medical Records Specialists?
No, not significantly more lucrative than the national average.While the average salary of $50,640 is competitive, it falls slightly below the national average. However, the Cost of Living Index being at 100 means the salary's purchasing power is on par with the national average.
Is Peoria, IL a good place to live for Medical Records Specialists?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($45,570) and West Central Illinois nonmetropolitan area.
How does the Peoria Medical Records Specialist salary compare to the national average?
The average salary in Peoria, IL, is $50,640, which is approximately 8.7% lower than the national average of $55,480.
What is the concentration of Medical Records Specialists in Peoria, IL?
Peoria has a Location Quotient of 1.27, indicating that the concentration of Medical Records Specialists is about 27% higher than the national average.
How does the Cost of Living in Peoria affect the Medical Records Specialist salary?
Peoria's Cost of Living Index is 100, which is the national average. This means the $50,640 salary offers purchasing power equivalent to the national average, despite being below the national average salary figure.
What is the total number of Medical Records Specialists in Peoria, IL?
There are approximately 260 Medical Records Specialists employed in Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Peoria, IL area with a job density of 1.549 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 Peoria, IL
- All Occupations Salary in Peoria, IL
- Office and Administrative Support Occupations Salary in Peoria, IL
- Production Occupations Salary in Peoria, IL
- Food Preparation and Serving Related Occupations Salary in Peoria, IL
- Transportation and Material Moving Occupations Salary in Peoria, IL
- Healthcare Practitioners and Technical Occupations Salary in Peoria, IL
- Sales and Related Occupations Salary in Peoria, IL
- Management Occupations Salary in Peoria, IL
- Educational Instruction and Library Occupations Salary in Peoria, IL
- Business and Financial Operations Occupations Salary in Peoria, IL
- Browse All Jobs in Peoria, IL →
Semantic Salary Analysis for Medical Records Specialists • Data source: BLS OEWS 2024 •Jobs in Peoria, IL