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Medical Records Specialist Salary in McKinney, TX

How much does a medical records specialist make in McKinney? Explore median, entry-level, and senior salaries adjusted for McKinney's cost of living.

Median Salary
$50,360
per year in McKinney
Entry Level
$35,033
Starting salary
Senior Level
$67,877
Experienced professionals
Cost of Living
111
11% above national avg

Salary Breakdown by Experience Level

See how medical records specialist salaries break down across different pay periods in McKinney.

PeriodEntry LevelMedianSenior
Annual$35,033$50,360$67,877
Monthly$2,919$4,197$5,656
Biweekly$1,347$1,937$2,611
Weekly$674$968$1,305
Hourly$17$24$33

McKinney vs National Average

How McKinney's medical records specialist salaries compare to national figures.

McKinney Salary
$50,360
COL Index: 111
National Average
$51,260
COL Index: 100
Difference
-$900
Lower in McKinney

Cost of Living in McKinney

1-Bedroom Rent
$1,600
per month
Median Income
$68,234
per year
Population
184,246
residents
Rent % of Income
28.1%
median household
Cost of Living Index: 111 — A score of 100 represents the U.S. average. Salaries in McKinney have been adjusted to account for local cost differences.

About Medical Records Specialist

Overview

Organize, maintain, and manage patient medical records and documentation.

Education

High school diploma; medical records certification preferred

Key Skills

Medical Records ManagementData EntryOrganizationHIPAA Compliance

Growth Rate

Expected job growth: +11% over the next decade

Compare Cities: Medical Records Specialist Salary

See Medical Records Specialist salaries in other top cities.

New York, NY
$60,610
+20%
Los Angeles, CA
$53,930
+7%
Chicago, IL
$49,790
-1%
Houston, TX
$48,940
-3%
Phoenix, AZ
$50,810
+1%

Financial Tools to Explore

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Medical Records Specialist Salary in McKinney, TX — Complete Guide

Median Salary Overview

The median salary for a medical records specialist in McKinney, TX is $50,360 per year, adjusted for the local cost of living index of 111. This figure reflects typical earnings for experienced professionals in this role, considering McKinney's unique economic conditions.

Salary Range and Experience Levels

Entry-level medical records specialist professionals in McKinney can expect to earn around $35,033 annually. As professionals gain experience, salaries typically increase, with senior-level medical records specialists earning approximately $67,877 per year. This represents a 94% increase from entry to senior level.

Cost of Living Adjustment

McKinney's cost of living index of 111 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in McKinney are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $51,260, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a medical records specialist's salary in McKinney typically goes toward housing. With a 1-bedroom apartment averaging $1,600 per month, housing represents about 38.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Medical Records Specialists are in growing demand across the United States, with an expected job growth of 11% over the next decade. In McKinney, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.