The annual salary statistics of medical transcriptionists in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of medical transcriptionists in Grand Rapids-Wyoming is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $22,370 |
| 25th Percentile Wage | $26,640 |
| 50th Percentile Wage | $35,980 |
| 75th Percentile Wage | $39,160 |
| 90th Percentile Wage | $50,230 |
Table 1 shows the average annual salary for medical transcriptionists in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $50,230. The median (50th percentile) annual salary is $35,980. The average annual salary for the bottom 10 percent earners is $22,370.
The table and chart below show the trend of the median salary of medical transcriptionists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $35,980 | 18.01% | 4.97% |
| 2021 | $29,500 | -18.64% | - |
| 2020 | $35,000 | -1.09% | - |
| 2019 | $35,380 | 1.10% | - |
| 2018 | $34,990 | -4.57% | - |
| 2017 | $36,590 | 25.28% | - |
| 2016 | $27,340 | 0.95% | - |
| 2015 | $27,080 | -1.18% | - |
| 2014 | $27,400 | -20.69% | - |
| 2013 | $33,070 | -3.39% | - |
| 2012 | $34,190 | - | - |
From Table 3 we note that the median annual salary of $35,980 in Grand Rapids-Wyoming is in the middle of salary range for medical transcriptionists in state of Michigan. In comparison, the annual salary of medical transcriptionists in Grand Rapids-Wyoming is 12.1 percent (12.1%) lower than that in the highest paying South Bend-Mishawaka and 30.0 percent (30.0%) higher than that in the lowest paying Saginaw-Saginaw Township North.