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Medical Records Specialists Salary in Colorado: Cost of Living Adjusted (2024)

What does a Medical Records Specialists salary really buy you in Colorado?

Colorado is 2.3% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$55,410
Median annual (2024)
-2.2%
Real Purchasing Power
$54,164
COL-adjusted (RPP=102.3)

Colorado Cost of Living Index

Colorado's Regional Price Parity (RPP) is 102.3, meaning prices are 2.3% higher the national average. A Medical Records Specialists earning $55,410 in Colorado has the equivalent purchasing power of $54,164 in an average-cost US state.

CO: 102.3
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Colorado's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $42,640 $41,681 $-958
25th Percentile (P25) $48,240 $47,155 $-1,084
Median (P50) $55,410 $54,164 $-1,245
75th Percentile (P75) $66,910 $65,405 $-1,504
90th Percentile (P90) $83,840 $81,955 $-1,884
Key Insight

Colorado's cost of living is close to the national average, so $55,410 keeps most of its value at $54,164 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Medical Records Specialists (After Cost of Living)

Where does Medical Records Specialists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Nevada
$62,790
RPP 96.4
$62,510
RPP 93.6
$60,706
RPP 97.7
$60,487
RPP 104.7
$60,372
RPP 88.7
$59,880
RPP 92.3
7. Iowa
$58,348
RPP 88.4
8. Wyoming
$58,269
RPP 91.9
$57,181
RPP 88.0
10. Hawaii
$56,850
RPP 110.8

Colorado ranks #21 out of 50 states for Medical Records Specialists after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Medical Records Specialists in Colorado after cost of living?

A Medical Records Specialists in Colorado earns a median salary of $55,410 per year. After adjusting for Colorado's cost of living (RPP=102.3), the real purchasing power is $54,164 — a -2.2% difference.

Is Colorado expensive to live in?

Colorado's cost of living is 2.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Colorado is 102.3 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Medical Records Specialists in Colorado: $55,410 x (100 / 102.3) = $54,164. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Colorado offset the salary?

Partially — a Medical Records Specialists's nominal salary of $55,410 in Colorado has 2.2% less purchasing power due to higher living costs. The real value is $54,164. However, Colorado may offer better career opportunities, networking, and industry access.

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