From Income Outlook

Income Outlook

Many medical transcriptionists do not have traditional jobs or salaries. Most work on a free-lance basis, some have their own transcription business, or they may work for someone else’s transcription business. Their income is based on production meaning the faster they work, the more money they can make.

According to the Bureau of Labor and Statistics the average income for a Medical Transcriptionist is $35,540.

While most free-lance jobs will not come with any benefits, a free-lance medical transcriptionist will have the freedom to work hours that fit their own personal schedules and could save on child-care, clothing and transportation costs.