Medical Records Specialist Average Salary in New Jersey 2024
How much money does a person working as Medical Records Specialist make in New Jersey?
LOW
33,700
USD AVERAGE
63,500
USD HIGH
96,500
USD
A person working as Medical Records Specialist in New Jersey typically earns around 63,500 USD. Salaries range from 33,700 USD (lowest) to 96,500 USD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Medical Records Specialist salaries in New Jersey vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Medical Records Specialist Pay Scale and Salaries in New Jersey
Salary Structure and Pay Scale Comparison
57,000 USD or more
50,900 to 57,000 USD
37,500 USD or less
37,500 to 50,900 USD
 33,700 USD |
57,300 USD |
96,500 USD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Medical Records Specialist in New Jersey range from 33,700 USD (starting salary) to 96,500 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 57,300 USD, half of the professionals who work as Medical Records Specialist in New Jersey earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Medical Records Specialist in New Jersey earn less than 47,700 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 64,800 USD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Medical Records Specialist in New Jersey compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 37,500 USD to 50,900 USD. About 20% of salaries are below the 37,500 USD mark, while 10% fall within the range of 50,900 USD to 57,000 USD. Only 5% of individuals have salaries exceeding 57,000 USD.
Salary Comparison by Years of Experience / Medical Records Specialist / New Jersey
How do experience and age affect pay?
| 0 - 2 Years | 38,700 USD | |
| 2 - 5 Years | +23% | 47,500 USD |
| 5 - 10 Years | +42% | 67,300 USD |
| 10 - 15 Years | +17% | 78,600 USD |
| 15 - 20 Years | +10% | 86,500 USD |
| 20+ Years | +6% | 91,500 USD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Medical Records Specialist and this is what we found.
Employees with less than two years of experience earn approximately 38,700 USD.
While someone with an experience level between two and five years is expected to earn 47,500 USD, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 67,300 USD, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 78,600 USD, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 86,500 USD, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 91,500 USD, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Medical Records Specialist / New Jersey
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Medical Records Specialist.
| Certificate or Diploma | 51,300 USD | |
| Bachelor's Degree | +47% | 75,200 USD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Medical Records Specialist in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 51,300 USD.
Level 2: Bachelor's Degree
At this level, the average salary becomes 75,200 USD, 47% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Medical Records Specialist / New Jersey
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Medical Records Specialist in United States, the average difference between the salary of male and female employees is 4%.
| Male | 58,600 USD | |
| Female | -4% | 56,100 USD |
Salary Comparison By Gender in United States for all Careers
Average Annual Salary Increment Percentage / Medical Records Specialist / New Jersey
How much are annual salary increments in New Jersey for individuals working as Medical Records Specialist? How often do employees get salary raises?
Individuals working as Medical Records Specialist in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
United States / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Medical Records Specialist / United States
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/health-and-medical/healthcare-management/medical-records-specialist/annual-salary-bonus-rate-united-states-medical-records-specialist.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Medical Records Specialist / New Jersey
31 USD per hourThe average hourly wage (pay per hour) for individuals working as Medical Records Specialist in New Jersey is 31 USD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Medical Records Specialist in New Jersey is 16 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Health and Medical |  -100% | |
| Administrative Director | 187,000 USD |  +190% |
| Admitting Clerk | 35,700 USD | -44% |
| Admitting Manager | 105,000 USD | +65% |
| Admitting Representative | 49,200 USD | -23% |
| Breast Center Manager | 316,000 USD | +400% |
| Cardiology Manager | 315,000 USD | +400% |
| Care Coordinator | 48,100 USD | -24% |
| Certified Medical Assistant | 62,200 USD | -2% |
| Chief Clinical Transformation Officer | 178,000 USD | +180% |
| Chief Genomics Officer | 237,000 USD | +270% |
| Chief Mental Health Officer | 293,000 USD | +360% |
| Chief Neurotechnology Officer | 303,000 USD | +380% |
| Chief of Psychology | 328,000 USD | +420% |
| Chief Population Health Officer | 232,000 USD | +270% |
| Clinical Director | 285,000 USD | +350% |
| Clinical Policy Developer | 90,000 USD | +42% |
| Coding Practice Manager | 120,000 USD | +89% |
| Community Organizer | 55,000 USD | -13% |
| Community Relations Manager | 108,000 USD | +70% |
| Credentialing Analyst | 84,500 USD | +33% |
| Data Coordinator | 45,200 USD | -29% |
| Director of Medical Staff Services | 187,000 USD | +190% |
| Discharge Coordinator | 44,000 USD | -31% |
| Emergency Management Director | 254,000 USD | +300% |
| Emergency Services Director | 267,000 USD | +320% |
| ER Registration Supervisor | 64,700 USD | +2% |
| Food Services Director | 123,000 USD | +94% |
| Health Compliance Director | 245,000 USD | +290% |
| Health Compliance Manager | 158,000 USD | +150% |
| Health Data Privacy Officer | 119,000 USD | +87% |
| Health Economist | 238,000 USD | +270% |
| Health Information Management Specialist | 88,800 USD | +40% |
| Health Information Manager | 129,000 USD | +100% |
| Health Services Manager | 221,000 USD | +250% |
| Health Technology Consultant | 118,000 USD | +86% |
| Healthcare Analytics Manager | 132,000 USD | +110% |
| HealthTech Regulatory Consultant | 99,700 USD | +57% |
| Home Health Scheduler | 57,900 USD | -9% |
| Intake Coordinator | 48,100 USD | -24% |
| Lead Patient Account Representative | 93,300 USD | +47% |
| Managed Care Assistant | 51,600 USD | -19% |
| Maternity Services Director | 224,000 USD | +250% |
| Medical Administrator | 118,000 USD | +86% |
| Medical Assistant | 56,200 USD | -12% |
| Medical Billing Clerk | 44,900 USD | -29% |
| Medical Billing Specialist | 93,400 USD | +47% |
| Medical Director | 243,000 USD | +280% |
| Medical Equipment Maintenance Manager | 98,700 USD | +55% |
| Medical Insurance Manager | 177,000 USD | +180% |
| Medical Office Administrator | 96,300 USD | +52% |
| Medical Office Manager | 171,000 USD | +170% |
| Medical Policy Manager | 149,000 USD | +130% |
| Medical Policy Specialist | 90,700 USD | +43% |
| Medical Project Coordinator | 62,700 USD | -1% |
| Medical Records Administrator | 67,100 USD | +6% |
| Medical Records Clerk | 32,700 USD | -49% |
| Medical Records Coding Manager | 121,000 USD | +91% |
| Medical Records Director | 139,000 USD | +120% |
| Medical Records Specialist | 63,500 USD | -0% |
| Medical Records Transcriptionist | 50,700 USD | -20% |
| Medical Secretary | 52,800 USD | -17% |
| Medical Staff Services Specialist | 108,000 USD | +70% |
| Patient Account Represenatative | 80,400 USD | +27% |
| Population Health Manager | 173,000 USD | +170% |
| Practice Manager | 206,000 USD | +220% |
| Program Coordinator | 48,300 USD | -24% |
| Project Manager | 121,000 USD | +91% |
| Quality Assurance Manager | 146,000 USD | +130% |
| Radiology Manager | 263,000 USD | +310% |
| Registered Medical Assistant | 55,700 USD | -12% |
| Rehabilitation Director | 239,000 USD | +280% |
| Rehabilitation Services Manager | 265,000 USD | +320% |
| Treatment Services Director | 308,000 USD | +390% |
| Ward Manager | 146,000 USD | +130% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.
| Private Sector | 92,800 USD | |
| Public Sector | +5% | 97,500 USD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Medical Records Specialist in New Jersey?
A good and competitive compensation would range anywhere between 57,300 USD and 64,800 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Medical Records Specialist in New Jersey ranges from 33,700 USD to 47,700 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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