What is the salary for a Medical Transcription?

2013 update. The average median annual income for medical transcriptionists ranges between 33,000 to 39,000. The hourly rate for transcriptionists average for $16 an hour, according to the US Bureau of Labor Statistics. Transcriptionists may also be paid per output or by Word count, which is usually the case with home-based or contractual transcriptionists - for some companies who are offering medical transcription services (mostly outsourced companies), the payment would be different.