Average Medical Transcriptionists Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Medical Transcriptionists in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an average annual salary of $45,080. This figure notably surpasses the national average of $39,010, indicating a stronger compensation landscape within this specific metropolitan region. Local economic factors and demand dynamics likely contribute to this elevated pay scale for the profession.
Executive Summary
- Average Salary: $45,080 per year.
- Growth Trend: Salaries have shifted 35.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,270.
- Outlook: With a local workforce of 280 Medical Transcriptionists and a Location Quotient of 0.35, the job market in Philadelphia-Camden-Wilmington exhibits a concentration below the national average. While the total workforce size is modest, the lower concentration suggests that demand might be met by existing professionals, though opportunities could still exist for skilled individuals.
Salary Overview
The average Medical Transcriptionists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+15.6%above the national average.
$21.7
$867
$3,757
Medical Transcriptionists Salary Trends (2020-2024)
While specific historical data for Medical Transcriptionist salary growth in Philadelphia-Camden-Wilmington is not provided, it is generally assumed that salaries for this role, like many in the healthcare sector, have experienced steady growth over the past four years. Factors such as increasing healthcare demands and the need for accurate medical record-keeping likely contribute to this upward trend.
Medical Transcriptionists Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Medical Transcriptionists typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings reflect this career trajectory, rewarding expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $34,910 | $16.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $33,810 | $16.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $44,340 | $21.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $56,350 | $27.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $58,270 | $28 |
Detailed Medical Transcriptionists Market Analysis
Relocation Context
Nominal Salary
$45,080
Gross Pay
Real Wage (Purchasing Power)
$45,080
Adjusted for COL (100)
The average annual salary of $45,080 in Philadelphia-Camden-Wilmington aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Medical Transcriptionist's salary in this area is equivalent to the national standard, offering a balanced financial outlook for residents.
Job Market Context
280
Total Jobs
0.099
Per 1K Jobs
0.35
Location Quotient
At 0.35x, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 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 0.35 for Medical Transcriptionists in Philadelphia-Camden-Wilmington indicates that the profession is less concentrated here compared to the national average. This suggests that the job market may not be saturated, potentially offering a more favorable environment for job seekers relative to areas with higher concentrations.
Nearby Job Markets
Nearby Cities for Medical Transcriptionists
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Medical Transcriptionists Salary | $50,030↑ 11% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Medical Transcriptionists Salary | $44,010↓ 2% | 47 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Medical Transcriptionistss?
Frequently Asked Questions
How much does a Medical Transcriptionists make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Medical Transcriptionists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $45,080. This typically ranges from $34,910 for entry-level positions to $58,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 15.6% higher than the national median of $39,010.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Medical Transcriptionists?
Yes, it offers above-average compensation.Medical Transcriptionists in this region earn $45,080 annually, exceeding the national average. Coupled with a cost of living that matches the national average, this presents a financially stable environment.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Medical Transcriptionists?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($50,030) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Philadelphia-Camden-Wilmington salary compare to the national average?
The average salary for Medical Transcriptionists in Philadelphia-Camden-Wilmington is $45,080, which is higher than the national average of $39,010.
What is the concentration of Medical Transcriptionists in this area?
The Location Quotient is 0.35, meaning the concentration of Medical Transcriptionists is 65% lower than the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, which is the national average. Therefore, the $45,080 salary has the same purchasing power as the national average salary.
What does the job market size suggest for Medical Transcriptionists?
With 280 Medical Transcriptionists locally and a low concentration, the market is not saturated, suggesting potential opportunities for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.099 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD