Many people fear a career in music because it cannot guarantee a solid paycheck unless you "make it big." Knowing the statistics for a musician's wage, however can help a person decide if he wants to pursue a career in such an uncertain industry. The salary of a musician depends greatly on his employers, his geographic location and many other factors.
Many people are curious about the average famous musician's salaries. These vary greatly, but typically range in the tens of millions of dollars. Many, however, have some supplemental income in addition to their music sales, such as product endorsements. According to Forbes, the Rolling Stones brought in $90 million last year, 50 Cent earned $41 million, Beyonce grossed $57 million, and Dave Matthews Band made $30 million.
According to PayScale.Com, a musician can expect to make between $24,524 and $89,426 a year. On average, they make about $50,000 a year which equates to a mean hourly wage of $29.10.
A musician's employer can have a significant impact on how much money she brings in. For example, self-employed musicians bring in an average of $20,347 and $42,749 a year. Those employed by a company, however typically earn more with a salary range of $26,869 to $63,608 per year. Musicians employed by the government make an average of about $35,000 a year while those who sign a contract with a school district bring in an average of about $30,000 in a year. Musicians hired by churches bring in the lowest average annual income that ranges from $14,400 to $23,943.
The state in which a musician resides can also have an impact on his annual salary. The highest paying states for this industry are California (with an average hourly salary of $35.02), Arizona ($34.68/hour), West Virginia ($34.11/hour), New York ($33.40/hour), and Connecticut ($33.27/hour). The top paying city on average for this industry is Santa Barbara/Santa Maria, California, where musicians make a mean hourly salary of more than $60/hour.
This is a male-dominated industry, with 72 percent of people hired as musicians being male. This may be in part because men typically make more money in this industry. Men make on average $7,000 to $10,000 more annually than women in this field.
- Photo Credit musician image by Dmitri MIkitenko from Fotolia.com