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What is the average cost of hiring a professional to transcribe one hour of audio into text format?
The cost of hiring a professional to transcribe one hour of audio into text format ranges between 75 cents and $1.50 per audio minute.
Transcription services may charge an hourly rate of $15-$30, depending on the length of the recording, audio quality, and the number of speakers.
Dictation Transcription rates may vary based on the quality of the audio recording, with rushed orders costing more.
Rev charges $0.25 per minute for automatic transcription with a 5-minute average turnaround time and 80-90% accuracy.
Human transcription services, like Rev, charge $1.50 per minute with a 12-hour average turnaround time and 99% accuracy.
Transcription Wave charges per minute or per hour rate, with prices starting at $59 per hour and a 48-hour turnaround time.
Upwork transcriptionists charge $12-$22 per hour, and the total cost will depend on the length of the recording, audio quality, and the number of speakers.
Transcription services may charge rush fees for faster turnaround times, which can increase the overall cost.
The average cost for an hour of audio can range from 75 to 270 dollars, depending on complexity, expected turnaround times, and the number of speakers.
Audio quality significantly impacts transcription costs, as distorted audio, background noises, and fuzzy speeches may be considered difficult to transcribe.
Transcription pricing can vary based on the category and turnaround time (TAT), with Category A and rush TAT costing more.
Medical transcription usually costs 71-75 cents per line, with per-line pricing being the industry standard for medical transcription.
Rev's human transcription service charges $1.50 per minute for general transcription, while their automated transcription service costs $0.25 per minute.
Otter.ai offers automated video and audio transcription in minutes, and their pricing starts at $8.33 per month for the Pro plan.
Some transcription services charge extra for specialized services, such as medical, business, technical, legal, or academic transcriptions.
However, this is not the case with Rev, as their professional services start at $1.25 per minute for all orders.
Transcription pricing and rates can be affected by several factors, including the complexity of the audio, the expected turnaround time, and the number of speakers.
High-quality audio recordings are essential to ensure accurate transcription and minimize the chances of incurring additional charges due to poor audio quality.
Transcription services with a user-friendly interface and transparent pricing, like Rev's Transcription Service Pricing, can help users better understand the cost and value of professional transcription services.
When calculating transcription costs, it's essential to consider the quality of the transcription service, the expertise of the transcriptionists, and the speed of delivery.
Experience error-free AI audio transcription that's faster and cheaper than human transcription and includes speaker recognition by default! (Get started for free)