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Average Medical Transcriptionists Salary in Minnesota

Medical Transcriptionists in Minnesota earn an impressive average annual salary of $52,240, significantly outpacing the national average of $39,010. This higher compensation in Minnesota can be attributed to a combination of factors, including the state's robust healthcare sector and potentially a higher demand for specialized administrative roles within its medical facilities.

Executive Summary

  • Average Salary: $52,240 per year.
  • Growth Trend: Salaries have shifted 10.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $64,410.
  • Outlook: With a local workforce of 370 Medical Transcriptionists and a Location Quotient of 0.45, the job market in Minnesota indicates a specialized but stable presence. While the concentration is below the national average, suggesting fewer dedicated roles per capita compared to other states, the existing workforce size points to consistent employment opportunities within the state's healthcare infrastructure.
2024 Market Data

Salary Overview

$52,240

The average Medical Transcriptionists in Minnesota earns+33.9%above the national average.

BreakdownBased on 40h/week
Hourly

$25.1

Weekly

$1,005

Monthly

$4,353

Medical Transcriptionists Salary Distribution in Minnesota

Salary progression for Medical Transcriptionists in Minnesota typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities and the value placed on expertise in this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$42,330$20.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$39,180$18.8
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$52,190$25.1
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$65,300$31.4
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$64,410$31

Detailed Medical Transcriptionists Market Analysis

Relocation Context

Nominal Salary

$52,240

Gross Pay

Real Wage (Purchasing Power)

$55,339

Adjusted for COL (94.4)

The average annual salary of $52,240 in Minnesota presents a favorable financial outlook when considering the local Cost of Living Index of 94.4. This index is slightly below the national average of 100, meaning that the purchasing power of a Medical Transcriptionist's salary in Minnesota is likely to be higher than the national average, allowing for a comfortable standard of living.

Job Market Context

370

Total Jobs

0.127

Per 1K Jobs

0.45

Location Quotient

Low Concentration

At 0.45x, Minnesota 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 0.45 suggests that Medical Transcriptionist roles are less concentrated in Minnesota compared to the national average. This indicates that while the profession exists and is compensated well, it may not be as prevalent as in other states, potentially meaning fewer job openings but also less competition for those seeking employment in this specific niche.

Nearby Job Markets

Nearby Cities for Medical Transcriptionists

CitySalaryDist.
St. Cloud, MN Medical Transcriptionists Salary$52,240- 0%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Medical Transcriptionists Salary$55,010↑ 5%58 mi

Comparing salaries near Minnesota

Hiring Medical Transcriptionistss?

Frequently Asked Questions

How much does a Medical Transcriptionists make in Minnesota?

The median annual salary for a Medical Transcriptionists in Minnesota is $52,240. This typically ranges from $42,330 for entry-level positions to $64,410 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 33.9% higher than the national median of $39,010.

Is Minnesota a lucrative place for Medical Transcriptionists?

Yes, Minnesota offers a lucrative environment for Medical Transcriptionists.The average salary of $52,240 significantly exceeds the national average, and the cost of living is slightly below the national average, enhancing purchasing power.

Is Minnesota a good place to live for Medical Transcriptionists?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($52,240) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does Minnesota's Medical Transcriptionist salary compare to the national average?

Medical Transcriptionists in Minnesota earn an average of $52,240 annually, which is substantially higher than the national average of $39,010.

What is the Cost of Living in Minnesota relative to the national average?

Minnesota's Cost of Living Index is 94.4, which is slightly lower than the national average of 100, indicating that everyday expenses are generally more affordable.

How concentrated are Medical Transcriptionist jobs in Minnesota?

The Location Quotient for Medical Transcriptionists in Minnesota is 0.45, meaning the profession is less concentrated than the national average.

What is the total number of Medical Transcriptionists in Minnesota?

There are approximately 370 Medical Transcriptionists employed in Minnesota.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Minnesota area with a job density of 0.127 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Medical Transcriptionists • Data source: BLS OEWS 2024 •Jobs in Minnesota