Medical Records Specialist Salary in Waterloo, IA
How much does a medical records specialist make in Waterloo? Explore median, entry-level, and senior salaries adjusted for Waterloo's cost of living.
Salary Breakdown by Experience Level
See how medical records specialist salaries break down across different pay periods in Waterloo.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $23,392 | $33,627 | $45,323 |
| Monthly | $1,949 | $2,802 | $3,777 |
| Biweekly | $900 | $1,293 | $1,743 |
| Weekly | $450 | $647 | $872 |
| Hourly | $11 | $16 | $22 |
Waterloo vs National Average
How Waterloo's medical records specialist salaries compare to national figures.
Cost of Living in Waterloo
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 Waterloo, IA — Complete Guide
Median Salary Overview
The median salary for a medical records specialist in Waterloo, IA is $33,627 per year, adjusted for the local cost of living index of 80. This figure reflects typical earnings for experienced professionals in this role, considering Waterloo's unique economic conditions.
Salary Range and Experience Levels
Entry-level medical records specialist professionals in Waterloo can expect to earn around $23,392 annually. As professionals gain experience, salaries typically increase, with senior-level medical records specialists earning approximately $45,323 per year. This represents a 94% increase from entry to senior level.
Cost of Living Adjustment
Waterloo's cost of living index of 80 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Waterloo 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 Waterloo typically goes toward housing. With a 1-bedroom apartment averaging $650 per month, housing represents about 23.2% 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 Waterloo, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.