Highest Paying Cities for Medical Assistants in NY

One should also be aware of the top-paying cities in their state. Here is a table listing the cities in NY state that pay the best compensations to medical assistants:

Source: BLS (as of March 31, 2021)

When it comes to NY state, the main area of New York-Newark-Jersey City, NY-NJ-PA is naturally a winner in this realm. The major chunk of MAs is hired by this area (36,600). The rest of the regions employ a significantly lesser number of MAs.

Benefits for New York Medical Assistants other than Salaries

Your core compensation may be your key focus. However, there are other benefits apart from your salary that is relevant, to say the least. So what perks can a MA in the NY state expect?

To begin with, MAs earn, on average, a basic salary of $41,127 and a bonus of $44 yearly. These together form the core compensation amount. However, this core compensation is only 68.2% of the total package. The rest is covered across add-on benefits outlined below:

• Healthcare Perks

  Expect healthcare benefits worth $6,371, i.e., 11.1% of total payments. The services can include health insurance, dental and vision insurances notably, and more.

• Time Off

  Compensated offs are provided to MAs in the state worth $5,226 on an average in a year. It forms a significant 8.6% of the compensation figure. In the medical assistant scope of practice in New York, work can get strenuously draining. These paid breaks help the MAs cope up.

• Social Security

  Medical assistants can expect social security benefits worth $3,098, i.e., 5.2% of total compensation. This perk provides security to your family, and you post your retirement.

• 401K/403B

  The 401K retirement plans are for MAs employed in for-profit healthcare centers. The 403B plans are for MAs employed in not-for-profit facilities. You can expect $2,105 worth of benefits in this realm (3.3% of total compensation).

• Pension

  The NY State, of course, also renders pensions to medical assistants. It amounts to $1,734 on average, i.e., 2.8% of total compensation.

• Disability

  Qualifying MAs in the state can expect disability benefits and insurance worth $662, i.e., 1.1% of total compensation.

Thus, all the above perks (core and add-on) constitute an average total compensation figure in the NY State. This, for MAs in the state, stands at $60,322. (Source: salary.com, as of October 8, 2022)

Apart from the outlined monetary benefits, your employers may provide yet other support activities. For instance, some facilities permit medical assistants to pick flexible schedules. They may provide relocation assistance if the need may be. Some employers also pay your tuition fees for further career advancements.

Projected Employment and Hiring Trends for NY Medical Assistants (2018-2028)

Source: Projection Central

Hiring Trends

• Zippia’s list of the fastest-growing jobs in New York places the medical assistant career amongst the top 50 in the state. Standing at #48th position, MA jobs are predicted to grow by an insane 123.7% (from 2014 to 2024)!
• NY Department of Labor also took out their list of the fastest-growing occupations wherein medical assisting places at the #14th spot. It is, therefore, well within the top 20 mark (predictions based on the 2008-2018 period).
• Did you know that by 2014, the USA was witnessing a $3.0 trillion worth of healthcare spending? Healthcare spending in the nation is predicted to increase by 5.8% a year (for the 2015-2025 period). Note: this growth rate is 1.3% faster than the GDP annual growth projections. Consequently, it is estimated that healthcare will contribute to America’s 20.1% share of GDP by 2025. In 2015, one out of every 7 jobs in the country was in the medical services. Thus, a major role is played by healthcare in regulating the country’s economy, and there is an immense promise for those employed in the medical sector.
• The Department of Labor has a list of ‘jobs in demand today’ by location. The department’s ‘Occupations with the Most Expected Hiring in New York City’ analysis outlines medical assistants as the most demanded professionals in the area.