Average Medical Transcriptionists Salary in Lexington-Fayette, KY
Yes, Lexington-Fayette, KY is a highly lucrative market for Medical Transcriptionistss. With an average annual salary of $43,080, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $43,080 per year.
- Growth Trend: Salaries have shifted 7.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $54,330.
- Outlook: The current demand for Medical Transcriptionistss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Lexington-Fayette, KY economy.
Salary Overview
The average Medical Transcriptionists in Lexington-Fayette, KY earns+10.4%above the national average.
$20.7
$828
$3,590
Medical Transcriptionists Salary Trends (2020-2024)
Over the past 4 years, Medical Transcriptionists salaries in Lexington-Fayette, KY have remained stable with a modest increase of 7.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Medical Transcriptionists Salary Distribution in Lexington-Fayette, KY
The earning potential for Medical Transcriptionistss in Lexington-Fayette, KY varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $37,710, while highly experienced professionals can command wages upwards of $54,330.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $37,710 | $18.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $32,310 | $15.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $42,560 | $20.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $53,850 | $25.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $54,330 | $26.1 |
Detailed Medical Transcriptionists Market Analysis
Relocation Context
Nominal Salary
$43,080
Gross Pay
Real Wage (Purchasing Power)
$43,080
Adjusted for COL (100)
In Lexington-Fayette, KY, the Cost of Living Index is 100. This increases your effective purchasing power from $43,080 to $43,080.
Job Market Context
90
Total Jobs
0.333
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Lexington-Fayette, KY has a slightly higher-than-average concentration of Medical Transcriptionists roles compared to the national norm.
90 people work as Medical Transcriptionists in Lexington-Fayette, KY.
Only 0.333 out of every 1,000 local jobs are Medical Transcriptionists roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Medical Transcriptionists
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Medical Transcriptionists Salary | $32,180↓ 25% | 28 mi |
| South Central Kentucky nonmetropolitan area Medical Transcriptionists Salary | $34,730↓ 19% | 28 mi |
| West Kentucky nonmetropolitan area Medical Transcriptionists Salary | $36,470↓ 15% | 28 mi |
| East Kentucky nonmetropolitan area Medical Transcriptionists Salary | $27,490↓ 36% | 28 mi |
| Louisville/Jefferson County, KY-IN Medical Transcriptionists Salary | $38,670↓ 10% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Medical Transcriptionistss?
Frequently Asked Questions
How much does a Medical Transcriptionists make in Lexington-Fayette, KY?
The median annual salary for a Medical Transcriptionists in Lexington-Fayette, KY is $43,080. This typically ranges from $37,710 for entry-level positions to $54,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 10.4% higher than the national median of $39,010.
Is Lexington-Fayette, KY a good place for Medical Transcriptionistss?
Yes, Lexington-Fayette, KY is financially attractive for Medical Transcriptionistss. The average salary of $43,080 exceeds the national average. See distinct detailed breakdown below.
Is Lexington-Fayette, KY a good place to live for Medical Transcriptionists?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($32,180) and South Central Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Lexington-Fayette, KY area with a job density of 0.333 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Medical Transcriptionists Salaries by State
Top Jobs in Lexington-Fayette, KY
- All Occupations Salary in Lexington-Fayette, KY
- Office and Administrative Support Occupations Salary in Lexington-Fayette, KY
- Food Preparation and Serving Related Occupations Salary in Lexington-Fayette, KY
- Transportation and Material Moving Occupations Salary in Lexington-Fayette, KY
- Production Occupations Salary in Lexington-Fayette, KY
- Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
- Sales and Related Occupations Salary in Lexington-Fayette, KY
- Management Occupations Salary in Lexington-Fayette, KY
- Educational Instruction and Library Occupations Salary in Lexington-Fayette, KY
- Business and Financial Operations Occupations Salary in Lexington-Fayette, KY
- Browse All Jobs in Lexington-Fayette, KY →
Semantic Salary Analysis for Medical Transcriptionists • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY