The median annual wage of medical transcriptionists was $32,900 in May 2010. The median annual wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $21,960, and the top 10 percent earned more than $46,220.
Median annual wages in the industries employing the largest numbers of medical transcriptionists in 2010 were the following:
|Medical and diagnostic laboratories||$35,690|
|Hospitals; state, local, and private||34,370|
|Outpatient care centers||33,530|
|Offices of physicians||32,640|
|Business support services||27,910|
Some medical transcriptionists may be paid based on the volume of transcription they produce. Others are paid an hourly rate or an annual salary.
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition