How Much Does a Photographer Make a Year?

The median pay for professional photographers is $40,170 per year, according to the most recent data from the Bureau of Labor Statistics. That said, there is a broad range of earning possible, depending on what kind of photographer a person is and where they live.

Photography may become a more in-demand skill in the future, given what a visual culture exists today. Over the next decade, it’s anticipated that photographers will see job demand increase by 5% between 2022 and 2032, which is greater than the average for all professions.

Read on to learn more about the salary and other facets of a career as a photographer.

Key Points

•   The median annual pay for professional photographers is $40,170.

•   Earnings vary widely based on the type of photography and geographic location.

•   The demand for photographers is expected to grow by 5% from 2022 to 2032.

•   Photographers combine technical skills and creativity to capture images across various specialties.

•   Entry-level photographers earn less, but income can increase significantly with experience and industry connections.

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What Are Photographers?

A photographer combines technical expertise with creativity and composition skills to produce photographic images. Photographers can get paid to take wedding, family, or pet portraits; cover news events; work for businesses and brands shooting products; or create art — among many other types of photography work.

Many photographers are also skilled in editing photos. If a photographer works for themselves, they can also be responsible for running their business and everything that entails, from advertising to accounting to operations. There are so many directions a photographer’s career can take. Some photographers also teach the art of photography, help plan creative direction for photo shoots, or use drone technology to capture shots from the sky.


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How Much Do Starting Photographers Make a Year?

When they are earning an entry-level salary, how much money a photographer makes is typically on the low end of the spectrum. Their earnings will likely grow as they gain skills and experience and make connections in the industry.

The lowest 10% of photographers earn less than $12.98 per hourly pay. That may be a good starting point if you are wondering about starting salaries.

Keep in mind that photographers in different locations and areas of focus will make an array of salaries. For instance, someone who takes baby portraits for new parents in a small town will likely never earn as much as a high-fashion photographer in a major city who is being paid by corporate clients. The latter could make $100,000 a year or considerably more.

Recommended: What Trade Makes the Most Money?

What is the Average Salary for a Photographer?

The average salary for a photographer can depend a lot, as already noted, on where someone lives. While the median annual income for this role is $40,170, the following table illustrates how the state a photographer chooses to work in can impact their potential earnings and determine if it’s a high-paying job.

What is the Average Photographer Salary by State for 2023

State Annual Salary Monthly Pay Weekly Pay Hourly Wage
Oregon $48,870 $4,072 $939 $23.50
Alaska $48,629 $4,052 $935 $23.38
North Dakota $48,622 $4,051 $935 $23.38
Massachusetts $48,041 $4,003 $923 $23.10
Hawaii $47,595 $3,966 $915 $22.88
Washington $46,501 $3,875 $894 $22.36
Nevada $45,979 $3,831 $884 $22.11
South Dakota $45,953 $3,829 $883 $22.09
Colorado $45,377 $3,781 $872 $21.82
Rhode Island $45,265 $3,772 $870 $21.76
New York $43,131 $3,594 $829 $20.74
Delaware $42,656 $3,554 $820 $20.51
Vermont $42,118 $3,509 $809 $20.25
Virginia $42,039 $3,503 $808 $20.21
Illinois $42,025 $3,502 $808 $20.20
Maryland $41,311 $3,442 $794 $19.86
Nebraska $40,429 $3,369 $777 $19.44
Missouri $40,178 $3,348 $772 $19.32
California $40,067 $3,338 $770 $19.26
South Carolina $39,831 $3,319 $765 $19.15
Pennsylvania $39,512 $3,292 $759 $19.00
New Jersey $39,430 $3,285 $758 $18.96
Oklahoma $39,153 $3,262 $752 $18.82
Maine $39,132 $3,261 $752 $18.81
Wisconsin $39,049 $3,254 $750 $18.77
North Carolina $39,009 $3,250 $750 $18.75
New Hampshire $38,424 $3,202 $738 $18.47
Idaho $38,328 $3,194 $737 $18.43
Texas $38,071 $3,172 $732 $18.30
Kentucky $37,948 $3,162 $729 $18.24
Wyoming $37,814 $3,151 $727 $18.18
Minnesota $37,716 $3,143 $725 $18.13
Michigan $37,565 $3,130 $722 $18.06
New Mexico $37,504 $3,125 $721 $18.03
Indiana $37,314 $3,109 $717 $17.94
Ohio $36,661 $3,055 $705 $17.63
Arizona $36,543 $3,045 $702 $17.57
Connecticut $36,357 $3,029 $699 $17.48
Mississippi $36,102 $3,008 $694 $17.36
Iowa $36,056 $3,004 $693 $17.34
Montana $35,992 $2,999 $692 $17.30
Arkansas $35,860 $2,988 $689 $17.24
Alabama $35,543 $2,961 $683 $17.09
Utah $35,026 $2,918 $673 $16.84
Tennessee $35,001 $2,916 $673 $16.83
Kansas $33,992 $2,832 $653 $16.34
Georgia $33,110 $2,759 $636 $15.92
Louisiana $32,930 $2,744 $633 $15.83
West Virginia $30,515 $2,542 $586 $14.67
Florida $29,303 $2,441 $563 $14.09



💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Photographer Job Considerations for Pay & Benefits

While photographers can often choose to set their own rates, they are also usually self-employed and therefore responsible for securing their own benefits. For instance, they won’t have access to an employer-sponsored 401(k) plan or healthcare benefits. There are some exceptions to this rule. For example, if a photographer works for a large corporation or photo studio, they may receive access to traditional employee benefits like paid time off and a retirement plan contribution match.

Other considerations can be how a career as a photographer can impact your lifestyle. If you are a news photographer, you may find that you have to be available for extended periods, whenever a situation comes up that needs documenting. If you are a travel photographer, which can sound like a dream job, you likely won’t have a typical week-to-week schedule. And if you are a wedding photographer, you will likely be spending many weekends shooting ceremonies vs. kicking back with your family.

There are some photography jobs, such as taking pictures of a product, that may not involve that much social interaction, but many kinds of photography careers do involve working with people non-stop. For this reason, it may not be the best job for antisocial people.

Pros and Cons of Photographer Salary

The main advantage of a photographer’s salary is there is no real cap on how much they earn. For example, in-demand wedding photographers or photographers who license their images for products can all demand high rates for their work. On the flip side, their salaries are often not consistent, which can be very stressful. Also, when you are self-employed, taxes can take a bite out of your earnings.

Recommended: What Is Competitive Pay?

The Takeaway

Working as a professional photographer can be a creatively fulfilling, fun, and lucrative career. Worth considering, though: How much a photographer stands to make depends a lot on their specialty, where they live, and their level of experience.

See exactly how your money comes and goes at a glance.

FAQ

Can you make 100k a year as a Photographer?

It is possible to earn $100,000 or more a year as a photographer — the sky really is the limit when it comes to income potential in this field. However, the median annual income for this role is $40,170, but photographers can earn more over time as they gain experience and a strong reputation in their industry.

Do people like being a photographer?

Many people who pursue a career in photography do so because it is a creative pursuit they are truly passionate about. Many positions can provide flexibility and fun experiences (say, if you are a travel or wedding photographer).

Is it hard to get hired as a photographer?

It can be very hard to find a job as a photographer if you don’t have the skill set required to get the job done well. Taking some time to build a strong portfolio of your work and then marketing your business can make it much easier to get hired.


About the author

Jacqueline DeMarco

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.



Photo credit: iStock/ivan101

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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How Much Does a Pediatrician Make a Year?

The median annual salary for pediatricians is $198,420, according to the most recent data from the Bureau of Labor Statistics. There are many different paths a doctor can take when it comes to choosing their medical specialty. Doctors who enjoy helping children feel their best and live healthy lives will likely find a lot of fulfillment in their jobs.

To learn more about how much a pediatrician makes a year, keep reading.

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What Are Pediatricians?

A pediatrician is a type of doctor who provides medical care to children ranging from infancy to adolescence. They specialize in diagnosing and treating injuries, developmental issues, and illnesses children commonly experience. From routine exams to issuing vaccines to providing medicine to sick children, pediatricians can help.

The path to becoming a pediatrician can be a long and expensive one. Typically, that means college, medical school, a residency, and possibly a fellowship. Medical school can easily cost $250,000 in tuition. It’s wise to consider this investment when pursuing a career as a pediatrician. Many doctors have a high amount of medical school debt when starting out.

Also, keep in mind that being a pediatrician involves interacting with children and their families all day. This may not therefore be the best job for introverts.


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How Much Do Starting Pediatricians Make a Year?

While pediatricians can eventually earn very competitive salaries, like any job, they tend to earn less when they are entry-level. The lowest 10% of earners in this role make just $75,670, which is significantly lower than the median annual salary for all physicians of $198,420.

What is the Average Salary for a Pediatrician?

On average, a pediatrician can make a salary that is considerably higher than the American average for all jobs. Where a pediatrician chooses to work can greatly impact how much a pediatrician earns. This is a quick glance at the annual mean wage for a variety of workplaces where a pediatrician may be employed:

•   Offices of physicians: $203,690

•   General medical and surgical hospitals: $180,790

•   Outpatient care centers: $232,420

•   Colleges, universities, and professional schools: $84,810

•   Specialty (except psychiatric and substance abuse) hospitals: $201,100.

Another factor that also affects pediatrician earning potential is the state the doctor works in. This table below highlights how average pediatrician salaries vary by state, with typical pay arranged from highest to lowest by location.

In addition, it shares how much a pediatrician’s hourly pay vs, salary is.

What is the Average Pediatrician Salary by State for 2023

State Annual Salary Monthly Pay Weekly Pay Hourly Wage
Oregon $222,171 $18,514 $4,272 $106.81
Alaska $221,079 $18,423 $4,251 $106.29
North Dakota $221,044 $18,420 $4,250 $106.27
Massachusetts $218,405 $18,200 $4,200 $105.00
Hawaii $216,375 $18,031 $4,161 $104.03
Washington $211,404 $17,617 $4,065 $101.64
Nevada $209,030 $17,419 $4,019 $100.50
South Dakota $208,910 $17,409 $4,017 $100.44
Colorado $206,290 $17,190 $3,967 $99.18
Rhode Island $205,782 $17,148 $3,957 $98.93
New York $196,083 $16,340 $3,770 $94.27
Delaware $193,921 $16,160 $3,729 $93.23
Vermont $191,477 $15,956 $3,682 $92.06
Virginia $191,115 $15,926 $3,675 $91.88
Illinois $191,057 $15,921 $3,674 $91.85
Maryland $187,806 $15,650 $3,611 $90.29
Nebraska $183,797 $15,316 $3,534 $88.36
Missouri $182,659 $15,221 $3,512 $87.82
California $182,152 $15,179 $3,502 $87.57
South Carolina $181,082 $15,090 $3,482 $87.06
Pennsylvania $179,627 $14,968 $3,454 $86.36
New Jersey $179,258 $14,938 $3,447 $86.18
Oklahoma $177,994 $14,832 $3,422 $85.57
Maine $177,900 $14,825 $3,421 $85.53
Wisconsin $177,526 $14,793 $3,413 $85.35
North Carolina $177,345 $14,778 $3,410 $85.26
New Hampshire $174,681 $14,556 $3,359 $83.98
Idaho $174,250 $14,520 $3,350 $83.77
Texas $173,077 $14,423 $3,328 $83.21
Kentucky $172,518 $14,376 $3,317 $82.94
Wyoming $171,910 $14,325 $3,305 $82.65
Minnesota $171,467 $14,288 $3,297 $82.44
Michigan $170,777 $14,231 $3,284 $82.10
New Mexico $170,501 $14,208 $3,278 $81.97
Indiana $169,638 $14,136 $3,262 $81.56
Ohio $166,670 $13,889 $3,205 $80.13
Arizona $166,130 $13,844 $3,194 $79.87
Connecticut $165,286 $13,773 $3,178 $79.46
Mississippi $164,126 $13,677 $3,156 $78.91
Iowa $163,921 $13,660 $3,152 $78.81
Montana $163,627 $13,635 $3,146 $78.67
Arkansas $163,030 $13,585 $3,135 $78.38
Alabama $161,584 $13,465 $3,107 $77.68
Utah $159,236 $13,269 $3,062 $76.56
Tennessee $159,121 $13,260 $3,060 $76.50
Kansas $154,538 $12,878 $2,971 $74.30
Georgia $150,529 $12,544 $2,894 $72.37
Louisiana $149,706 $12,475 $2,878 $71.97
West Virginia $138,728 $11,560 $2,667 $66.70
Florida $133,219 $11,101 $2,561 $64.05

Source: ZipRecruiter

Pediatrician Job Considerations for Pay & Benefits

Alongside earning a $100,000 salary or more, most pediatricians also receive superior employee benefits. If a pediatrician runs their own practice, they will need to supply themselves and their employees with these benefits.

Those who are employed by employers like hospitals or medical groups can expect to gain access to benefits like paid time off, health insurance, and retirement accounts. They may also have unique benefits like continuing education allowances and malpractice insurance coverage.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Pediatrician Salary

The main advantage associated with competitive pay for pediatricians is that they are quite high. With a median salary of $198,420, pediatricians are greatly rewarded for their hard work.

However, they must pursue many years of higher education to earn that salary. Many young doctors struggle under the weight of their student loan payments. So, while this salary may seem high at first glance, much of it can go towards student loan debt initially.

It’s also worthwhile to consider work-life balance. Being a pediatrician and improving the health of children can be a very rewarding career, but it can also involve long, tiring hours and being on call for patients on nights and weekends. Medical problems and emergencies crop up all the time, so this is a factor to acknowledge.

Recommended: How Much House Can I Afford?

The Takeaway

Pediatricians can earn very high pay while making a big difference in the lives of their patients and their families. They do have to commit to many years of schooling and education to become a pediatrician, but once they do, they can earn a great living.

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FAQ

Can you make 100k a year as a pediatrician?

Most pediatricians make $100,000 a year or more, especially after gaining a few years of work experience. The median annual salary for a pediatrician is $198,420.

Do people like being a pediatrician?

Pursuing a career in pediatric medicine is a major commitment and those who are passionate about this field and patient care are likely to really enjoy their work. However, this role requires many hours of patient interaction a day, so even if someone finds the work fascinating, it won’t be a good fit for them if they are antisocial.

Is it hard to get hired as a pediatrician?

The main challenge in getting hired as a pediatrician surrounds not having the right credentials. Potential pediatricians must pursue medical school and any required medical licenses in order to find a job in this field, which is no easy feat.


About the author

Jacqueline DeMarco

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.



Photo credit: iStock/alvarez

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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How Much Does a Nurse Practitioner Make a Year?

With a higher degree of training and more responsibilities, nurse practitioners, or NPs, can expect to earn around $132,000 a year.

In addition to a good salary, NPs may also enjoy a degree of job security, as the need for the profession continues to grow.

According to the most recent figures from the Bureau of Labor Statistics (BLS), the number of NP jobs is expected to grow 35% over the next decade — faster than nearly every other occupation in the U.S.

Read on to better understand what it’s like to work as a nurse practitioner and what your earning potential may be.

Key Points

•   Nurse practitioners earn a median annual salary of $132,000, with potential for higher earnings.

•   Employment growth for nurse practitioners is projected at 35% over the next decade.

•   Entry-level nurse practitioners typically earn less than $99,000 annually.

•   Highest salaries are found in home health care, outpatient care centers, and hospitals.

•   Full-time benefits include medical and dental insurance, paid vacation, and retirement contribution matching.

What Are Nurse Practitioners?

A nurse practitioner works with patients to help coordinate and execute their care.

The exact tasks an NP can take on depend on what is allowed in the state they are working in, but in many states, they can order medical tests, provide patient diagnoses, and even prescribe medications.

Some of the work nurse practitioners do will be independent, but usually their jobs involve a lot of patient interaction and collaboration with physicians and other medical professionals.

Because this role requires so much human interaction, it may not be a great fit for anyone who is an introvert.

Recommended: Work-at-Home Jobs for Retirees

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How Much Do Starting Nurse Practitioners Make?

How much money does a nurse practitioner make in the early days of their career? According to ZipRecruiter, the lowest 10% of earners in this field typically make less than $99,000, but it’s crucial to remember their entry-level salary can rise as they gain experience. The highest 10% of earners stand to make more than $180,000 a year.

As you move up in your career, so can your salary. A money tracker app can help keep tabs on your spending and make progress toward your financial goals.

What Is the Average Salary for a Nurse Practitioner?

How much does a nurse practitioner make an hour? The median hourly wage for nurse practitioners is $63.46. The actual amount someone stands to earn as a nurse practitioner can vary depending on what industry they work in.

Those looking to earn a more competitive wage can tailor their job search to a more lucrative field. For example, this is what the median annual wage looks like for nurse practitioners in a few different industries:

•   Home health care services: $130,410

•   Outpatient care centers: $143,600

•   Hospitals: $138,340

•   Offices of physicians: $139,070

•   Offices of dentists: $137,170

Whatever your income, an online budget planner can give you insights on your budgeting and spending.

What Is the Average Nurse Practitioner Salary by State for 2025?

The state that nurse practitioners work in can also affect their earnings.

This table outlines the average nurse practitioner salary by state:

State Annual Mean Salary
Alabama $109,650
Alaska $142,340
Arizona $132,920
Arkansas $116,030
California $173,190
Colorado $127,610
Connecticut $141,140
Delaware $130,190
District of Columbia $137,600
Florida $128,340
Georgia $125,490
Hawaii $135,020
Idaho $131,380
Illinois $128,880
Indiana $126,520
Iowa $133,020
Kansas $127,900
Kentucky $116,930
Louisiana $124,850
Maine $127,750
Maryland $127,100
Massachusetts $145,140
Michigan $127,200
Minnesota $128,120
Mississippi $122,930
Missouri $124,600
Montana $131,560
Nebraska $127,950
Nevada n/a
New Hampshire $133,360
New Jersey $140,470
New Mexico $136,620
New York $148,410
North Carolina $124,830
North Dakota $121,200
Ohio $121,250
Oklahoma $127,120
Oregon $148,030
Pennsylvania $126,730
Rhode Island $139,600
South Carolina $113,950
South Dakota $122,300
Tennessee $108,180
Texas $130,930
Utah $131,680
Vermont $130,580
Virginia $122,180
Washington $143,620
West Virginia $122,140
Wisconsin $130,490
Wyoming $126,060

Source: Bureau of Labor Statistics

Recommended: Is $100,000 a Good Salary?

Nurse Practitioner Job Considerations for Pay and Benefits

Alongside earning a median annual wage of $132,000, many nurse practitioners qualify for valuable employee benefits like paid vacation, medical and dental insurance, and retirement contribution matching. It’s very common to work full time as a nurse practitioner, and many salaried roles come with benefits.

Increasingly, AI is being used to automate routine tasks, which can help NPs focus more on patient care. So those considering a career as a nurse practitioner may want to explore educational courses or certifications on AI in health care.

Pros and Cons of Nurse Practitioner Salary

Before rushing head first into a new career path, potential NPs will want to consider both the advantages and disadvantages of the profession.

Pros:

•   High rate of employment growth (35% projected from 2024 to 2034)

•   Large number of job openings (32,700 each year)

•   Full-time roles with benefits available

•   High earning potential

Cons:

•   May need to work nights, weekends, or holidays

•   Physically and emotionally demanding job

•   Exposure to germs

•   May need to be on call

•   Need a master’s degree or better

•   Requires a professional license

The Takeaway

If someone has a passion for practicing medicine and providing patient care, then they may find that working as a nurse practitioner is emotionally and fiscally rewarding. They can expect to earn a median annual salary of $132,000, but with time and more experience, they can see their salary increase.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What is the highest paying nurse practitioner job?

If someone is looking to earn the most as a nurse practitioner, they may want to apply for jobs at hospitals. Nurse practitioners who work at hospitals tend to earn more than those in other workplaces (a median salary of $132,000).

Do nurse practitioners make $100K a year?

It is very possible to earn a salary of $100,000 or more per year as a nurse practitioner. The lowest 25% of earners in this field make less than $108,000, per ZipRecruiter, but the median annual salary is $132,000. The top 10% of earners can make more than $180,000 a year.

The top 10% of earners can make more than $180,000 a year.

How much do Nurse Practitioners make starting out?

In the early days of their career, nurse practitioners can expect to earn a lower salary than some of their more experienced counterparts. The lowest 10% of earners make less than $99,000, but that salary will likely rise over the years.


About the author

Jacqueline DeMarco

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.



Photo credit: iStock/SDI Productions

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

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How Much Does a Medical Biller and Coder Make an Hour?

One career path that is both challenging and rewarding is a medical biller and coder. How much does a medical coder make? According to data from the U.S. Bureau of Labor Statistics (BLS), medical records specialists (aka medical billers and coders) make a median of $47,180 per year, or $22.69 per hour.

Keep reading to learn what medical billers and coders do, and the qualifications and requirements.

What Are Medical Coders?

A medical biller and coder’s job responsibilities revolve around translating a physician’s medical reports into uniform medical codes that can be easily understood by insurers and other health care facilities. These professionals need to be detail-oriented, as one letter or number out of place can make a big difference. This type of work is also fairly independent and as such is a solid fit for introverts with anxiety.

A medical biller and coder steps in after the physician meets with a patient. Their work helps health insurance providers process the patient’s bill. Communication is primarily conducted using codes that describe medical diagnoses and procedures.


💡 Quick Tip: Online tools make tracking your spending a breeze: You can easily set up budgets, then get instant updates on your progress, spot upcoming bills, analyze your spending habits, and more.

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Medical Coder Job Responsibility Examples

A medical biller and coder needs to know the following protocols:

•   Clinical documentation

•   Health information technology

•   Customer billing

•   Disease classification through ICD-10 codes

•   Medical services and procedures classification via CPT codes

•   Hospital facilities, supplies, and procedures through Inpatient coding

•   Medicare and Medicaid coding via HCPCS

Medical billers and coders also need to remain HIPAA-compliant throughout their work. HIPAA stands for the Health Insurance Portability and Accountability Act and deals with patient privacy.

How Much Do Starting Medical Coders Make?

According to the BLS’s most recent data from 2022, the bottom 10% of medical records specialists earn less than $31,710, typically at the entry-level stage. At the other end of the spectrum, 10% of workers in this role earn more than $75,460.

Medical coders may be paid by the hour or salaried.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

What Is the Average Salary for a Medical Coder?

On average, professional medical coders can expect to make $47,180 per year or $22.69 per hour. However, the type of medical coding job they take on can affect how much they’ll be paid. Some types of workplaces tend to pay more competitively for this skill set.

The top workplaces for medical coders and their mean salaries include:

•   Insurer carriers: $64,800

•   Physician offices: $42,800

•   Residential care facilities: $44,350

•   Administrative and support services: $57,950

•   Hospitals (state, local, and private): $54,210

The state someone lives in also impacts their earning potential as a medical biller and coder.

Average Medical Coder Income by State for 2022

State

Annual Salary

Monthly Pay

Weekly Pay

Hourly Wage

Hawaii $52,844 $4,403 $1,016 $25.41
Nevada $52,001 $4,333 $1,000 $25.00
Massachusetts $51,403 $4,283 $988 $24.71
Rhode Island $50,300 $4,191 $967 $24.18
Oregon $50,218 $4,184 $965 $24.14
Alaska $49,526 $4,127 $952 $23.81
North Dakota $48,913 $4,076 $940 $23.52
Washington $48,017 $4,001 $923 $23.09
New York $46,948 $3,912 $902 $22.57
South Dakota $46,907 $3,908 $902 $22.55
Maryland $46,213 $3,851 $888 $22.22
Virginia $44,919 $3,743 $863 $21.60
Kentucky $44,416 $3,701 $854 $21.35
Colorado $44,248 $3,687 $850 $21.27
Idaho $44,081 $3,673 $847 $21.19
Delaware $43,600 $3,633 $838 $20.96
New Hampshire $43,488 $3,624 $836 $20.91
Nebraska $43,362 $3,613 $833 $20.85
California $43,304 $3,608 $832 $20.82
South Carolina $43,147 $3,595 $829 $20.74
Vermont $42,717 $3,559 $821 $20.54
Tennessee $42,399 $3,533 $815 $20.38
Arkansas $42,039 $3,503 $808 $20.21
Connecticut $41,780 $3,481 $803 $20.09
Arizona $41,470 $3,455 $797 $19.94
Illinois $41,453 $3,454 $797 $19.93
Oklahoma $41,434 $3,452 $796 $19.92
New Jersey $41,340 $3,445 $795 $19.88
Michigan $41,227 $3,435 $792 $19.82
Wyoming $41,151 $3,429 $791 $19.78
Maine $41,061 $3,421 $789 $19.74
Minnesota $40,756 $3,396 $783 $19.59
Missouri $40,633 $3,386 $781 $19.54
Indiana $40,041 $3,336 $770 $19.25
Montana $39,604 $3,300 $761 $19.04
West Virginia $39,572 $3,297 $761 $19.03
Texas $39,145 $3,262 $752 $18.82
Pennsylvania $38,632 $3,219 $742 $18.57
Wisconsin $38,480 $3,206 $740 $18.50
Ohio $38,398 $3,199 $738 $18.46
Iowa $38,048 $3,170 $731 $18.29
Utah $37,811 $3,150 $727 $18.18
Kansas $36,658 $3,054 $704 $17.62
New Mexico $36,436 $3,036 $700 $17.52
North Carolina $36,154 $3,012 $695 $17.38
Alabama $36,123 $3,010 $694 $17.37
Mississippi $35,956 $2,996 $691 $17.29
Florida $34,025 $2,835 $654 $16.36
Georgia $33,234 $2,769 $639 $15.98
Louisiana $32,630 $2,719 $627 $15.69
Source: ZipRecruiter

Recommended: The Highest-Paying Jobs by State

Medical Coder Job Considerations for Pay and Benefits

Professionals considering this career path should keep benefits top of mind. Because most medical records specialists work full-time positions, candidates may want to focus their job search on roles that come with health insurance, paid time off, and retirement plans.

Pros and Cons of Medical Coder Salary

Before deciding to pursue a career as a medical biller and coder, consider these advantages and disadvantages.

Pros

•   Four-year degree not required. To become a medical biller and coder, only a short accredited training program is required. It generally takes 7-24 months to complete training.

•   Training can be completed online. This means that students can balance a full-time job and/or family obligations while completing their education.

•   Low training costs. These programs are typically much cheaper than pursuing a four-year degree or training for high-paying trade jobs. Students can expect to pay $1,000 to $3,000 per training program.

•   Work-from-home potential. Many medical biller and coder jobs are remote. This makes medical coding a good work-from-home job for retirees.

Cons

•   High school diploma or GED required. While students can skip the traditional college route in pursuit of this career path, they do generally need either a GED or high school diploma to be eligible for the required training programs.

•   Certification required. Once a student completes a medical biller and coding training program, they need to become certified. This requires passing both the Certified Professional Coder (CPC) and the Registered Health Information Technician (RHIT) exams.

•   Must renew certifications. One major hurdle associated with being a medical biller and coder is needing to renew your certification every two to three years.

•   Risk of carpal tunnel syndrome. Because of the repetitive typing motions with this role, developing carpal tunnel syndrome is a possibility.

Recommended: How Much House You Can Afford Based on Income

The Takeaway

Working as a medical biller and coder can be a great career path for individuals who are detail-oriented and like a job with consistent responsibilities. That said, this role does require formal training, passing certification exams, and maintaining a professional certification. So this career path requires a level of commitment.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

SoFi shows you how your money comes and goes at a glance.

FAQ

What type of medical coder makes the most money?

Hospital medical coders make the most money, as well as those in professional, scientific, and technical services. The median annual salary for those niches is $47,000.

What is the highest paid medical biller and coder?

The type of medical coding work someone does, their experience level, and their location can all impact earnings. The top 10% of high earners in the medical biller and coder field earn more than $74,200.

Is becoming a medical biller and coder worth it?

On the low end, 10% of medical coders earn less than $29,430. However, this career path offers much higher earning potential for committed and experiences pros.


About the author

Jacqueline DeMarco

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.



Photo credit: iStock/Marco VDM

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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How Much Does a Medical Assistant Make a Year?

The median pay for medical assistants is $38,270 annually for the most recent year studied, according to the Bureau of Labor Statistics.

If someone is very social and passionate about the medical field, they may find they really enjoy working as a medical assistant. Patient care will be one of their main responsibilities, but it’s not necessary to attend medical school to work in this role, which can mean a significant reduction in student debt. To better understand what the role of a physician assistant entails and how salary can vary by location and experience, keep reading.

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What Are Medical Assistants?

What a medical assistant does on a daily basis depends on their specialty. While some medical assistants specialize in clinical tasks, others focus on administrative functions. Specializations may also align with specific medical practices, such as assisting ophthalmologists in educating patients about contact lens care.

These are some common tasks that medical assistants may tackle on a daily basis:

•   Interview patients

•   Record patient medical history

•   Measure vital signs

•   Assist physicians during examinations

•   Administer injections or medications as directed by physicians and state law

•   Conduct basic laboratory tests

•   Schedule patient appointments

•   Managing medical records

•   Handle insurance-related tasks

•   Maintain inventory.

Given how much of one’s time at work can be spent interacting with patients and other members of the medical team, the role of a physician’s assistant probably is not a great fit as a job for introverts.

Another aspect of this role to consider is that training for a medical assistant career often involves one to two years of study to receive an associate’s degree or certificate. This can be a more affordable option for a medical job than one that requires additional training.


💡 Quick Tip: We love a good spreadsheet, but not everyone feels the same. An online budget planner can give you the same insight into your budgeting and spending at a glance, without the extra effort.

How Much Do Starting Medical Assistants Make a Year?

As briefly noted earlier, the median annual wage for medical assistants is $38,270. However, when someone is working as an entry-level medical assistant, they can expect their salary to be on the lower side. The lowest 10% of earners in this role earn less than $30,390.

However, the highest 10% earn more than $51,710. While that is significantly higher than the average, it does reveal that it may not be easy to earn $100,000 annually as a medical assistant.

For those looking to earn more as a medical assistant, it’s always a good idea to interview with a few different medical practices or facilities to see which employer can offer the most competitive pay.

What is the Average Salary for a Medical Assistant?

The average annual salary that a medical assistant earns varies a lot depending on what state they work in. This difference in wages can be substantial. For example, on average medical assistants in New Jersey earn $15,136 more than their West Virginia counterparts.

The following table illustrates how much their salary and hourly wages can vary by state, arranged from highest to lowest figures.

What is the Average Medical Assistant Salary by State for 2023

State Annual Salary Monthly Pay Weekly Pay Hourly Wage
New Jersey $43,978 $3,664 $845 $21.14
Wyoming $43,660 $3,638 $839 $20.99
Wisconsin $43,084 $3,590 $828 $20.71
Washington $42,976 $3,581 $826 $20.66
Massachusetts $42,784 $3,565 $822 $20.57
Indiana $42,718 $3,559 $821 $20.54
Alaska $42,716 $3,559 $821 $20.54
Oregon $42,410 $3,534 $815 $20.39
North Dakota $42,322 $3,526 $813 $20.35
Arizona $41,834 $3,486 $804 $20.11
Hawaii $41,495 $3,457 $797 $19.95
New Mexico $41,419 $3,451 $796 $19.91
Montana $41,204 $3,433 $792 $19.81
Minnesota $41,073 $3,422 $789 $19.75
Colorado $40,824 $3,402 $785 $19.63
New York $40,763 $3,396 $783 $19.60
Alabama $40,689 $3,390 $782 $19.56
Nevada $40,389 $3,365 $776 $19.42
Ohio $40,082 $3,340 $770 $19.27
South Dakota $39,999 $3,333 $769 $19.23
Vermont $39,700 $3,308 $763 $19.09
Rhode Island $39,281 $3,273 $755 $18.89
Iowa $38,912 $3,242 $748 $18.71
Connecticut $38,734 $3,227 $744 $18.62
Delaware $38,634 $3,219 $742 $18.57
Tennessee $38,269 $3,189 $735 $18.40
Virginia $38,179 $3,181 $734 $18.36
Mississippi $38,167 $3,180 $733 $18.35
Utah $38,046 $3,170 $731 $18.29
Georgia $37,905 $3,158 $728 $18.22
Illinois $37,709 $3,142 $725 $18.13
Maryland $37,440 $3,120 $720 $18.00
Pennsylvania $37,345 $3,112 $718 $17.95
California $37,258 $3,104 $716 $17.91
Nebraska $36,716 $3,059 $706 $17.65
Maine $36,477 $3,039 $701 $17.54
Missouri $36,291 $3,024 $697 $17.45
New Hampshire $36,270 $3,022 $697 $17.44
South Carolina $35,937 $2,994 $691 $17.28
Kansas $35,925 $2,993 $690 $17.27
Louisiana $35,860 $2,988 $689 $17.24
Idaho $35,575 $2,964 $684 $17.10
Oklahoma $35,557 $2,963 $683 $17.09
Texas $35,275 $2,939 $678 $16.96
North Carolina $35,196 $2,933 $676 $16.92
Kentucky $33,916 $2,826 $652 $16.31
Michigan $33,819 $2,818 $650 $16.26
Florida $33,545 $2,795 $645 $16.13
Arkansas $32,178 $2,681 $618 $15.47
West Virginia $28,842 $2,403 $554 $13.87

Source: ZipRecruiter

Medical Assistant Job Considerations for Pay & Benefits

Many medical assistants work in full-time positions, which can qualify them for employee benefits, such as:

•   Health insurance

•   Employer-sponsored retirement plans

•   Paid time off.

That being said, if someone only works part-time, they may not qualify for any benefits.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Medical Assistant Salary

One of the main advantages of a medical assistant salary is that it isn’t canceled out by expensive student loan debt payments each month. Having a bachelor’s or graduate school degree is not necessary to work as a medical assistant.

In many cases, a postsecondary certificate is required, but sometimes only a high school diploma and on-the-job training is required.

Also, except for those who are looking for a job for antisocial people, a medical assistant career can involve plenty of satisfying social interaction. It can also be a good choice for those who like to know they are helping to enhance others’ quality of life.

The Takeaway

Working as a medical assistant can be a great way to work in the medical field without having to pursue many years of higher education. This is also a very stable career field to enter, as the employment outlook for medical assistants indicates a projected growth of 14% from 2022 to 2032, which surpasses the average rate of expansion for all occupations.

See exactly how your money comes and goes at a glance.

FAQ

Can you make 100k a year as a medical assistant?

In most cases, it is not possible to earn more than $100,000 a year. The median annual salary for this role is $38,270 per year. That being said, it is possible to earn more than that if the medical assistant has many years of experience under their belt.

Do people like being a medical assistant?

Many people enjoy working as a medical assistant, especially if they are passionate about patient care. However, this role is not a good fit for those who are antisocial or would call themselves an introvert, as it can require interacting with a lot of different people on a daily basis.

Is it hard to get hired as a medical assistant?

Getting hired as a medical assistant isn’t too challenging as this role doesn’t require much-specialized schooling. It’s also a very in-demand field — on average, there is an anticipation of around 114,600 job openings annually for medical assistants.


About the author

Jacqueline DeMarco

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.



Photo credit: iStock/FG Trade Latin

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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