Medical Records Specialist Salary in Richmond, KY
How much does a medical records specialist make in Richmond? Explore median, entry-level, and senior salaries adjusted for Richmond's cost of living.
Salary Breakdown by Experience Level
See how medical records specialist salaries break down across different pay periods in Richmond.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $24,861 | $35,738 | $48,170 |
| Monthly | $2,072 | $2,978 | $4,014 |
| Biweekly | $956 | $1,375 | $1,853 |
| Weekly | $478 | $687 | $926 |
| Hourly | $12 | $17 | $23 |
Richmond vs National Average
How Richmond's medical records specialist salaries compare to national figures.
Cost of Living in Richmond
About Medical Records Specialist
Overview
Organize, maintain, and manage patient medical records and documentation.
Education
High school diploma; medical records certification preferred
Key Skills
Growth Rate
Expected job growth: +11% over the next decade
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Medical Records Specialist Salary in Richmond, KY — Complete Guide
Median Salary Overview
The median salary for a medical records specialist in Richmond, KY is $35,738 per year, adjusted for the local cost of living index of 84. This figure reflects typical earnings for experienced professionals in this role, considering Richmond's unique economic conditions.
Salary Range and Experience Levels
Entry-level medical records specialist professionals in Richmond can expect to earn around $24,861 annually. As professionals gain experience, salaries typically increase, with senior-level medical records specialists earning approximately $48,170 per year. This represents a 94% increase from entry to senior level.
Cost of Living Adjustment
Richmond's cost of living index of 84 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Richmond 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 Richmond typically goes toward housing. With a 1-bedroom apartment averaging $800 per month, housing represents about 26.9% 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 Richmond, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.