Average Medical Records Specialists Salary in Richmond, VA
In Richmond, VA, Medical Records Specialists earn an average annual salary of $53,860. This figure is slightly below the national average of $55,480, a common occurrence in markets with a balanced cost of living. Local economic factors and the specific demand within the healthcare sector of Richmond contribute to this compensation.
Executive Summary
- Average Salary: $53,860 per year.
- Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,050.
- Outlook: Richmond, VA supports a local workforce of 1,160 Medical Records Specialists, indicating a stable presence in the healthcare support sector. With a Location Quotient of 1.46, the concentration of these roles is notably higher than the national average, suggesting a robust demand and a potentially favorable job market for skilled professionals in this field.
Salary Overview
The average Medical Records Specialists in Richmond, VA earns-2.9%below the national average.
$25.9
$1,036
$4,488
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for Richmond, VA is not provided, it is reasonable to assume that salaries for Medical Records Specialists have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by increasing healthcare demands, evolving data management technologies, and a general rise in the cost of living.
Medical Records Specialists Salary Distribution in Richmond, VA
Career progression for Medical Records Specialists in Richmond, VA, typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills or supervisory roles can command salaries in the higher percentiles, reflecting a clear career trajectory and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $36,610 | $17.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $40,395 | $19.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $53,150 | $25.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $67,325 | $32.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $73,050 | $35.1 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$53,860
Gross Pay
Real Wage (Purchasing Power)
$53,860
Adjusted for COL (100)
The average annual salary of $53,860 in Richmond, VA aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Medical Records Specialist's salary in Richmond is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
1,160
Total Jobs
1.783
Per 1K Jobs
1.46
Location Quotient
With a location quotient of 1.46, Richmond, VA has a slightly higher-than-average concentration of Medical Records Specialists roles compared to the national norm.
A Location Quotient of 1.46 signifies that Medical Records Specialists are more concentrated in Richmond, VA, than the national average. This suggests a healthy and active job market where employers may actively seek out talent, potentially leading to competitive opportunities for qualified individuals in this specialized field.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Medical Records Specialists Salary | $46,770↓ 13% | 41 mi |
| Northern West Virginia nonmetropolitan area Medical Records Specialists Salary | $43,360↓ 19% | 41 mi |
| Southwest Virginia nonmetropolitan area Medical Records Specialists Salary | $43,630↓ 19% | 41 mi |
| Northwest Virginia nonmetropolitan area Medical Records Specialists Salary | $44,740↓ 17% | 41 mi |
| Southern West Virginia nonmetropolitan area Medical Records Specialists Salary | $41,700↓ 23% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Richmond, VA?
The median annual salary for a Medical Records Specialists in Richmond, VA is $53,860. This typically ranges from $36,610 for entry-level positions to $73,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 2.9% lower than the national median of $55,480.
Is Richmond, VA a lucrative place for Medical Records Specialists?
Yes, Richmond, VA offers a competitive environment for Medical Records Specialists.While the average salary is slightly below the national average, the higher concentration of jobs (LQ of 1.46) and a cost of living on par with the national average indicate a stable and potentially rewarding career path.
Is Richmond, VA a good place to live for Medical Records Specialists?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($46,770) and Northern West Virginia nonmetropolitan area.
How does Richmond's job market compare to the national average for Medical Records Specialists?
Richmond, VA has a higher concentration of Medical Records Specialists than the national average, as indicated by its Location Quotient of 1.46. This suggests a stronger local demand for these professionals.
What is the impact of experience on a Medical Records Specialist's salary in Richmond, VA?
Experience significantly influences salary, with entry-level positions earning less and senior roles commanding higher pay. The gap between salary percentiles reflects this career progression.
Is the cost of living in Richmond, VA a factor in the salary for Medical Records Specialists?
Richmond's Cost of Living Index is 100, matching the national average. This means the $53,860 salary offers purchasing power equivalent to the national average, making it a balanced market.
What is the total number of Medical Records Specialists employed in Richmond, VA?
There are approximately 1,160 Medical Records Specialists employed in Richmond, VA, contributing to a stable local workforce in this healthcare support role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,160 employees in the Richmond, VA area with a job density of 1.783 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 Richmond, VA
- All Occupations Salary in Richmond, VA
- Office and Administrative Support Occupations Salary in Richmond, VA
- Transportation and Material Moving Occupations Salary in Richmond, VA
- Sales and Related Occupations Salary in Richmond, VA
- Business and Financial Operations Occupations Salary in Richmond, VA
- Food Preparation and Serving Related Occupations Salary in Richmond, VA
- Healthcare Practitioners and Technical Occupations Salary in Richmond, VA
- Management Occupations Salary in Richmond, VA
- Educational Instruction and Library Occupations Salary in Richmond, VA
- Construction and Extraction Occupations Salary in Richmond, VA
- Browse All Jobs in Richmond, VA →
Semantic Salary Analysis for Medical Records Specialists • Data source: BLS OEWS 2024 •Jobs in Richmond, VA