The Average Salary of a Title Abstractor
Title abstractors, also known as title examiners, search real estate records and examine titles. They summarize the pertinent legal and/or insurance details for their clients. A title abstractor may compile lists of contracts, mortgages and other instruments upon client request. Factors most affecting a title abstractor's earnings are experience, employer type, location, industry and gender.
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Salary
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November 2010 data from Salary.com indicates that a title abstractor 's earnings range from $30,875 to $40,606 per year. Most abstractors earn between $33,241 and $38,335 yearly. Bonuses are less than 5 percent of a title's examiners earnings, and only two-thirds of examiners have health benefits, according to PayScale.com data from the same time frame.
Experience
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Experience does affect a title examiner's earnings; however, it takes many years to see the result. PayScale November 2010 data reveals that an examiner with less than 10 years of experience earns about $45,000 at the upper end of the scale. Title abstractors with 10 to 19 years of experience can see a modest increase of pay, on the high end, to $47,740 per year. With 20 or more years of experience, an earnings will peak at $52,302.
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Employer Type
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Title abstractors working at the local or state government level enjoy the best earnings. According to PayScale data, their earnings range is $35,000 to $67,500 per year. Self-employment is the second best option for a title examiner with earnings ranging from $25,042 to $62,376.
Location
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Florida offers the highest income potential for title abstractors. The range for this state is $35,000 to $59,263 yearly. At the high end, this is 10 percent more than the runner-up state of Texas, with a range of $35,964 to $53,920. New York, with a high-density population, ended up in sixth place at $31,121 to $45,000 yearly.
Industry
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A title abstractor seeking to maximize earnings should focus on the oil and gas industry or legal services. PayScale data reveals that the maximum salary of a title examiner in these industries is around $60,000 per year. This contrasts greatly with a high-end average of about $46,000 yearly across other industries. Law firms tend to pay the least, at only $41,391 on the higher end.
Gender
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Gender does play a role in a title abstractor's earnings. In a field where women outnumber men by almost 2-1, women earn approximately 10 percent less. PayScale data shows women title examiners earned only $30,591 to $45,066 compared with their male counterparts at $32,460 to $49,751 per year.
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References
- O-Net OnLine: Summary Report for Title Examiners, Abstractors and Searchers
- Salary.com: SalaryWizard
- PayScale: Salary Snapshot for Title Examiner, Abstractor or Searcher Jobs
- PayScale: Salary Snapshot for Title Examiner, Abstractor or Searcher Jobs - Experience
- PayScale: Salary Snapshot for Title Examiner, Abstractor or Searcher Jobs -- Employer Type
- PayScale: Salary Snapshot for Title Examiner, Abstractor or Searcher Jobs -- Location
