• Skip to main content
  • Skip to primary sidebar

Access 2 Knowledge

Answers to life's questions

  • Animals
    • Dinosaur Facts
  • Business & Finance
  • Entertainment & Arts
  • Food & Drink
    • Who Invented Pizza
  • Health
  • History & Politics
    • Illuminati
  • Jobs & Education
    • DataBase Administrator Salary
  • World

What Is the Average Medical Transcriptionist Salary?

Dec 21, 2015 by Gabrielle Moreno Leave a Comment

According to the Bureau of Labor Statistics, the mean annual medical transcriptionist salary is $35,580. in 2018, the vast majority of medical transcriptionist earned $11 per hour, with the top 10% making as much as $23 hourly. This 90th percentile had a weekly wage of $923, a monthly salary of $4,000 and a total annual salary of $48,000.

The 50th percentile (close to the median), makes a weekly wage of $665, a monthly salary of $2,883 and an annual salary of $34,600.

The top paying industries can make the medical transcriptionist salary reach $73,000 per year. With an hourly wage of $35.19 and a monthly salary of $6,100, the Management of Companies and Enterprises ranks first as the best-paid industry for medical transcriptionists.

Industry Hourly wage Monthyly Salary Annual salary
Management of Companies and Enterprises $35.19 $6,100 $73,200
Insurance Carriers $21.44 $3,717 $44,600
Specialty hospitals, State government owned $20.63 $3,575 $42,900
Insurance Carriers and Related Activities $19.62 $3,400 $40,800
Home Health Care Services $19.38 $3,358 $40,300
Nursing and Residential Care Facilities $19.28 $3,342 $40,100
Other Insurance Related Activities $19.04 $3,300 $39,600
Specialty (except Psychiatric and Substance Abuse) Hospitals (including private, state, and local government hospitals) $18.85 $3,267 $39,200
General Medical and Surgical Hospitals, State government owned $18.75 $3,250 $39,000
Medical and Diagnostic Laboratories $18.75 $3,250 $39,000

What Is the Medical Transcriptionist Salary?

Medical transcriptionist salary by location

The medical transcriptionist salary varies according to state. The weekly wages in the top ten highest paying regions for medical transcriptionists range between $738 – $894/week. The District of Columbia, Massachusetts and California are the most profitable areas for medical transcriptionists to work in.

State Hourly wage Monthly salary Annual salary
District of Columbia $22.36 $3,875 $46,500
Massachusetts $22.07 $3,825 $45,900
California $21.30 $3,692 $44,300
Connecticut $19.57 $3,392 $40,700
Alaska $18.75 $3,250 $39,000
Hawaii $18.75 $3,250 $39,000
New Jersey $18.70 $3,242 $38,900
Colorado $18.70 $3,242 $38,900
Delaware $18.46 $3,200 $38,400
New Hampshire $18.46 $3,200 $38,400

 

The lowest paying states have an hourly wage that ranges between $13.61 – $15.10. The worst medical transcriptionist salaries are from Utah ($28,300), West Virginia ($29,300), Alabama ($29,700), Arkansans ($30,200), Louisiana ($30,600), South Dakota ($30,600), Mississippi ($30,800) and Oklahoma ($30,800).

Freelance medical transcriptionist salary

Medical transcriptionists enjoy flexibility since they can work in an office as well as at home. An independent medical transcriptionist will be able to find work from heath care offices as well as companies that are in charge with providing the health industry with transcriptions.

The medical transcriptionist salary reflects production and working hours. A skilled medical transcriptionist working from home with a CMD certification will be able to provide their services on a contract and charge on an hourly basis. Experienced freelancers that have a constant work influx and set a profitable hourly wage are able to earn between $35,000 – $60,000 per year.

The medical transcriptionist salary is influenced a several important factors: employment type (freelance, part time, full time), employer, geographic location and skill. The level of production is tightly linked to the paycheck since each new contract increases the monthly and annual salary.

Image source: 1

You may also be interested in:

what do medical transcriptionists doWhat Does A Medical Transcriptionist Do? Medical Assistant SalaryWhat is the Average Medical Assistant Salary? Massage therapist salaryWhat Is the Average Massage Therapist Salary? "fashion designer salary fashion designers salary fashion design salary salary of a fashion designer salary for fashion designer what is the salary of a fashion designer"What Is the Average Fashion Designer Salary? What Is the Average Technical Writer Salary?What Is the Average Technical Writer Salary? "event planner salary average event planner salary event planners salary corporate event planner salary average event planner salary salary of an event planner"What Is the Average Event Planner Salary? "mortician salary salary of a mortician average salary of a mortician average mortician salary"What Is the Average Mortician Salary? What Is the Average Bartender Salary?What Is the Average Bartender Salary? Flight attendant salaryWhat Is the Average Flight Attendant Salary? Average Court Reporter SalaryWhat Is the Average Court Reporter Salary? "pharmacist salary average pharmacist salary pharmacist writing prescription pharmacist technician salary walgreens pharmacist salary cvs pharmacist salary pharmacists salary"What Is the Average Pharmacist Salary? Neurosurgeon SalaryNeurosurgeon Salary: How Much Do Medical Professionals Earn?

Filed Under: Jobs & Education Tagged With: medical transcriptionist, salary

Previous Post: « What Does a Court Reporter Do?
Next Post: What Does a Medical Stenographer Do? »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Access 2 Knowledge

Copyright © 2023 · Access2Knowledge
About | Write for Us | Contact Us | Disclaimer | Privacy Policy