Average Medical Transcriptionists Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Medical Transcriptionists in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an impressive average annual salary of $55,010. This figure significantly surpasses the national average of $39,010, indicating a strong demand and potentially higher cost of doing business or specialized skill requirements within this region that command greater compensation.
Executive Summary
- Average Salary: $55,010 per year.
- Growth Trend: Salaries have shifted 5.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,130.
- Outlook: With a local workforce of 200 Medical Transcriptionists and a Location Quotient of 0.37, the job market in Minneapolis-St. Paul-Bloomington exhibits a moderate concentration compared to national levels. While not a primary hub for the profession, the existing workforce suggests a stable, albeit not rapidly expanding, demand for these specialized roles within the area's healthcare infrastructure.
Salary Overview
The average Medical Transcriptionists in Minneapolis-St. Paul-Bloomington, MN-WI earns+41.0%above the national average.
$26.5
$1,058
$4,584
Medical Transcriptionists Salary Trends (2020-2024)
While specific historical data for Medical Transcriptionist salary growth in Minneapolis-St. Paul is not provided, it is reasonable to assume a general upward trend over the past four years, mirroring national patterns. Factors such as increasing healthcare demands, technological advancements requiring skilled transcriptionists, and inflation likely contribute to incremental salary increases for these professionals in the region.
Medical Transcriptionists Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for Medical Transcriptionists typically correlates with experience and specialization. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with expertise in specific medical fields or advanced dictation software can command significantly higher salaries. The percentile gaps in earnings clearly signify career progression opportunities and the value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $45,300 | $21.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $41,258 | $19.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $53,050 | $25.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $68,763 | $33.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $71,130 | $34.2 |
Detailed Medical Transcriptionists Market Analysis
Relocation Context
Nominal Salary
$55,010
Gross Pay
Real Wage (Purchasing Power)
$55,010
Adjusted for COL (100)
The average annual salary of $55,010 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is substantially higher than the national average, the purchasing power of that salary is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
200
Total Jobs
0.103
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Minneapolis-St. Paul-Bloomington, MN-WI has a notably lower concentration of Medical Transcriptionists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.37 indicates that Medical Transcriptionist jobs are less concentrated in Minneapolis-St. Paul-Bloomington compared to the national average. This suggests that while opportunities exist, the market is not saturated, and employers may need to offer competitive compensation to attract and retain skilled professionals, though it also implies less intense competition for job seekers.
Nearby Job Markets
Nearby Cities for Medical Transcriptionists
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Medical Transcriptionists Salary | $46,070↓ 16% | 58 mi |
| St. Cloud, MN Medical Transcriptionists Salary | $52,240↓ 5% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Medical Transcriptionistss?
Frequently Asked Questions
How much does a Medical Transcriptionists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Medical Transcriptionists in Minneapolis-St. Paul-Bloomington, MN-WI is $55,010. This typically ranges from $45,300 for entry-level positions to $71,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 41.0% higher than the national median of $39,010.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Medical Transcriptionists?
Yes, it offers a higher-than-average salary.Medical Transcriptionists in Minneapolis-St. Paul-Bloomington earn $55,010 annually, significantly exceeding the national average. This higher pay is balanced by a Cost of Living Index that matches the national average, suggesting good purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Medical Transcriptionists?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($46,070) and St. Cloud, MN.
How does the Minneapolis-St. Paul salary compare to the national average?
The average annual salary for Medical Transcriptionists in Minneapolis-St. Paul-Bloomington is $55,010, which is $16,000 higher than the national average of $39,010.
What is the Cost of Living in Minneapolis-St. Paul-Bloomington?
The Cost of Living Index for Minneapolis-St. Paul-Bloomington is 100, which is exactly the national average. This means your salary will have the same purchasing power as it would on average across the country.
Is the job market for Medical Transcriptionists strong in Minneapolis-St. Paul-Bloomington?
The market has a moderate concentration (LQ of 0.37) with 200 professionals. While not a national hotspot, it indicates a stable demand within the local healthcare system.
How many Medical Transcriptionists are there in the Minneapolis-St. Paul-Bloomington area?
There are approximately 200 Medical Transcriptionists employed in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.103 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 Transcriptionists • Data source: BLS OEWS 2024 •Jobs in Minneapolis-St. Paul-Bloomington, MN-WI