Average Medical Records Specialists Salary in Toledo, OH
Medical Records Specialists in Toledo, OH, earn an average annual salary of $51,600. 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 levels. While Toledo's cost of living is on par with the national average, the local salary reflects a balanced economic environment.
Executive Summary
- Average Salary: $51,600 per year.
- Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,380.
- Outlook: The Toledo, OH market for Medical Records Specialists is stable, with a local workforce of 340 professionals. The Location Quotient of 0.95 indicates a concentration of these roles that is very close to the national average, suggesting a consistent, albeit not exceptionally high, demand for these specialized skills within the region. The presence of 1.152 jobs per 1,000 workers further solidifies the steady employment landscape.
Salary Overview
The average Medical Records Specialists in Toledo, OH earns-7.0%below the national average.
$24.8
$992
$4,300
Medical Records Specialists Salary Trends (2020-2024)
While specific historical data for Toledo's Medical Records Specialists isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic shifts, increasing healthcare demands, and inflation typically drive modest annual salary increases for specialized roles like Medical Records Specialists, ensuring their compensation remains competitive within the local market.
Medical Records Specialists Salary Distribution in Toledo, OH
Career progression for Medical Records Specialists in Toledo, OH, is typically marked by increasing salary potential. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized certifications can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $36,370 | $17.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $38,700 | $18.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $45,550 | $21.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $64,500 | $31 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $76,380 | $36.7 |
Detailed Medical Records Specialists Market Analysis
Relocation Context
Nominal Salary
$51,600
Gross Pay
Real Wage (Purchasing Power)
$51,600
Adjusted for COL (100)
With an average annual salary of $51,600 and a Cost of Living Index of 100, Medical Records Specialists in Toledo, OH, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Toledo is comparable to what the average American worker experiences nationwide, offering a stable financial foundation.
Job Market Context
340
Total Jobs
1.152
Per 1K Jobs
0.95
Location Quotient
Toledo, OH has 0.95x 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.
The Location Quotient of 0.95 for Medical Records Specialists in Toledo, OH, suggests a job market that is nearly at the national average in terms of concentration. This indicates a healthy and balanced presence of these roles, neither overly saturated nor exceptionally scarce. Professionals can expect a competitive yet accessible job market, with opportunities available without extreme competition.
Nearby Job Markets
Nearby Cities for Medical Records Specialists
| City | Salary | Dist. |
|---|---|---|
| Ann Arbor, MI Medical Records Specialists Salary | $58,120↑ 13% | 43 mi |
| Sandusky, OH Medical Records Specialists Salary | $50,060↓ 3% | 48 mi |
| Detroit-Warren-Dearborn, MI Medical Records Specialists Salary | $51,970↑ 1% | 54 mi |
| Jackson, MI Medical Records Specialists Salary | $52,280↑ 1% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Medical Records Specialistss?
Frequently Asked Questions
How much does a Medical Records Specialists make in Toledo, OH?
The median annual salary for a Medical Records Specialists in Toledo, OH is $51,600. This typically ranges from $36,370 for entry-level positions to $76,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 7.0% lower than the national median of $55,480.
Is Toledo, OH a lucrative place for Medical Records Specialists?
No, but it offers stability.While the average salary of $51,600 is below the national average, the cost of living in Toledo is also at the national average, making the effective purchasing power comparable. The market is stable with a concentration near the national average.
Is Toledo, OH a good place to live for Medical Records Specialists?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Ann Arbor, MI ($58,120) and Sandusky, OH.
How does Toledo's cost of living compare to the national average?
Toledo, OH, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services, including housing, utilities, and transportation, is comparable to the U.S. average.
What is the concentration of Medical Records Specialists in Toledo?
The Location Quotient for Medical Records Specialists in Toledo is 0.95, indicating that the concentration of these jobs in the area is very close to the national average. This suggests a steady demand for these professionals.
How many Medical Records Specialists work in Toledo?
There are approximately 340 Medical Records Specialists employed in Toledo, OH, contributing to the local healthcare and administrative sectors.
Are Medical Records Specialist jobs growing in Toledo?
While specific growth rates aren't provided, the stable Location Quotient and jobs per 1,000 workers suggest a consistent demand for Medical Records Specialists, implying a stable job market rather than rapid expansion or contraction.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Toledo, OH area with a job density of 1.152 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 Toledo, OH