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Medical Transcriptionists Salary in Illinois: Cost of Living Adjusted (2024)

What does a Medical Transcriptionists salary really buy you in Illinois?

Illinois is near the US average cost of living

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

Nominal Salary
$36,610
Median annual (2024)
-1.3%
Real Purchasing Power
$36,140
COL-adjusted (RPP=101.3)

Illinois Cost of Living Index

Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Medical Transcriptionists earning $36,610 in Illinois has the equivalent purchasing power of $36,140 in an average-cost US state.

IL: 101.3
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 Illinois's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $30,870 $30,473 $-396
25th Percentile (P25) $30,940 $30,542 $-397
Median (P50) $36,610 $36,140 $-469
75th Percentile (P75) $45,640 $45,054 $-585
90th Percentile (P90) $50,790 $50,138 $-651
Key Insight

Illinois's cost of living is close to the national average, so $36,610 keeps most of its value at $36,140 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Medical Transcriptionists (After Cost of Living)

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

1. Wyoming
$54,961
RPP 91.9
$53,418
RPP 97.7
$52,892
RPP 92.3
$51,795
RPP 88.0
$50,518
RPP 88.7
$50,343
RPP 87.3
7. Iowa
$48,902
RPP 88.4
8. Montana
$48,239
RPP 90.3
9. Maine
$48,134
RPP 100.8
10. Nebraska
$46,258
RPP 89.8

Illinois ranks #37 out of 49 states for Medical Transcriptionists after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Medical Transcriptionists in Illinois after cost of living?

A Medical Transcriptionists in Illinois earns a median salary of $36,610 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $36,140 — a -1.3% difference.

Is Illinois expensive to live in?

Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (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 Transcriptionists in Illinois: $36,610 x (100 / 101.3) = $36,140. This represents what the salary would be worth in a state with average living costs.

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