Thinking about relocating to Ohio? The average salary in the state is $60,320, according to the U.S. Bureau of Labor Statistics. For comparison, the average salary in the U.S. is $63,795, per 2022 data from the National Average Wage Index.
Of course, an individual’s income is dependent on a number of factors: Age, occupation, and education level can all play a role.
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Average Salary in Ohio by Age in 2023
As in other states, the median salary in Ohio tends to increase with age and experience and decline in the retirement years. This can be good news if you have an entry-level position and are looking to earn more.
Here’s a look at the median salary in Ohio by age range:
Age range
Median Salary
15 to 24
$38,314
25 to 44
$75,119
45 to 64
$81,640
65 and over
$49,081
Source: Schoolaroo
Salaries also often rise with your level of education, as the Census Bureau data below shows:
• No high school diploma: $29,967
• High school diploma: $36,589
• Some college/two-year degree: $42,903
• Bachelor’s degree: $59,928
• Graduate/professional degree: $73,752
Regardless of where you are in your career path, it’s a good idea to stay on top of your finances. Online tools like a money tracker can keep tabs on where your money is coming and going and provide valuable insights.
Where you live in Ohio can make a difference in how much money you earn. The more populated a metropolitan area is, the higher incomes tends to be. Let’s take a look at the median salary of households in 11 major cities in Ohio:
City
Household Median Salary
Akron
$46,596
Canton
$37,627
Cincinnati
$49,191
Cleveland
$37,271
Columbus
$62,994
Dayton
$41,443
Indian Hill
$218,073
Mansfield
$40,996
Springfield
$45,113
Toledo
$45,405
Youngstown
$34,295
Source: Census Bureau
Average Salary in Ohio by County in 2023
Another way to look at salaries in Ohio is by county. The ten most-populous counties in the state have the following median incomes:
Ohio has high-paying jobs in many different sectors, such as medical, business, aviation, and technology. As a result, the state has opportunities for introverts and professionals who love working with people.
In contrast, the lowest average salaries in Ohio appear primarily in service industries. Baggage porters and bellhops, cashiers, short order cooks, childcare workers, and housekeeping cleaners are examples of jobs that make an average of less than $30,000.
If you’re looking to maximize your salary, online tools like a budget planner app could help. Besides monitoring spending, it helps you set a budget and track your progress.
The Takeaway
Pay depends on many different factors, including age, occupation, education, and location. In Ohio, the average salary is $60,320, according to BLS data. That’s slightly lower than the national average salary of $63,795. The state is also home to plenty of jobs with six-figure salaries, especially in the medical, business, aviation, and technology fields. Ohioans enjoy a cost of living that’s lower than the national average, which can help workers stretch their wages even more.
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.
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FAQ
What is a good average salary in Ohio?
A good salary is one that meets your basic needs while leaving you with some money for savings. Pew Research Data found that in order to be considered middle class in Ohio, you need to earn $61,664 a year.
What is the average gross salary in Ohio?
In Ohio, the average gross salary — or money earned before taxes and other payrolls deductions are taken out — is $72,146 a year, per data from Talent.com
What is the average income per person in Ohio?
The average income per person in Ohio is $60,320, according to data from the U.S. Bureau of Labor Statistics.
What is a livable wage in Ohio?
A livable wage in Ohio for a single adult is $40,352. Households with multiple people will need more. For example, if you and your spouse both work and have one child, you could get by on around $82,409 a year in Ohio, according to MIT’s Living Wage Calculator.
About the author
Ashley Kilroy
Ashley Kilroy is a seasoned personal finance writer with 15 years of experience simplifying complex concepts for individuals seeking financial security. Her expertise has shined through in well-known publications like Rolling Stone, Forbes, SmartAsset, and Money Talks News. Read full bio.
Photo credit: iStock/jacoblund
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Job growth is an important consideration when choosing a career. Some of the fastest-growing jobs, according to the Bureau of Labor Statistics (BLS), include nurse practitioners, wind turbine service technicians, and data scientists.
Whether you’re preparing to enter the job market or switching careers, it’s good to know which industries and fields have the brightest hiring outlook. Keep reading for a breakdown of the fastest-growing jobs in 2024 and beyond.
Key Points
• Energy, healthcare, computers, and data science sectors drive job growth in 2024.
• Wind turbine service technicians and solar photovoltaic installers lead job growth due to renewable energy demand.
• Healthcare roles like nurse practitioners and medical managers are expanding with high earning potential.
• Data scientist and information security analyst roles are growing and are crucial for data management and cybersecurity.
• Operations research analysts and computer scientists develop innovative solutions but jobs require advanced education.
What Is Considered a Fast-Growing Job?
The BLS regularly projects which occupations will see the highest growth. The most recent data available predicts changes from 2023 to 2033. Some occupations grow faster than others as demand for those jobs rises. A fast-growing job is one that’s expected to grow at an above-average rate. Our list includes both on-site roles and remote opportunities. (Here’s a great roundup of more work-at-home jobs for retirees and stay-at-home parents.)
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Who Should Consider a Fast-Growing Job?
Fast-growing jobs are appealing to a wide range of people because it can be easier to find a position when there are more openings to go around. Companies may also be more likely to offer signing bonuses to attract talent.
However, it’s important to consider whether the current demand is sustainable over the long term. After large numbers of people rush to fill jobs in a specific industry, hiring may then taper off.
The economy is another consideration. A job that’s fast-growing in a healthy economy may be less so in a downturn or recession. In-demand jobs that are connected to entertainment, travel, or recreation, for example, may be less attractive if people are cutting back their spending on trips to the movies, vacations, or costly hobbies.
Every job has advantages and disadvantages, and fast-growing fields are no exception. Considering the potential benefits and drawbacks can help you to decide if pursuing a fast growing job makes sense for you.
Pros of Fast-Growing Jobs
Cons of Fast-Growing Jobs
More room for advancement at a faster pace
Accelerated job growth in newer industries may not be sustainable over the long term
Higher salaries if demand for qualified workers outpaces supply
Fast growth does not always translate to higher pay, especially in fields that don’t require higher education
Opportunity to get in on the ground floor of a new industry or sector that’s poised for long-term growth and development
May be more demanding in terms of the time involved and scope of duties
What to Expect in a Fast-Growing Job
One of the main advantages of a fast-growing job is that it may be easier to get hired when demand is high. Employers may also offer higher pay or enhanced employee benefits to attract talent. If a high salary is important to you, check out this list of the highest paying jobs by state.
On the other hand, landing a bigger entry-level salary isn’t guaranteed. Fast-growing tech jobs, for instance, will pay more than food service jobs even if demand is at a similar level.
If you do manage to snag a higher salary with a fast-growing job, it’s important to think about what you’ll be required to do in exchange for those paychecks. For example, accepting a role with a clean energy startup could pay well, but if the company is small, you might be expected to work well beyond the standard 40-hour week.
No matter the size of your paycheck, it helps to stay on top of your budget. A spending app lets you see all of your money in one place.
Top 10 Fastest-Growing Jobs in 2024
The BLS collects data on job growth and employment outlook across a variety of occupations. We’re breaking down the fastest growing jobs through 2033.
Job description: Also called PV installers, solar photovoltaic installers are responsible for assembling and maintaining systems that convert sunlight into energy. They may also connect the system’s solar panels to the electrical grid. This job may be salaried or hourly.
Job duties:
• Measure, cut, and assemble the support structure for solar panels
• Install solar modules, panels, and support structures, then activate and test the system.
• Perform routine PV system maintenance
Pros:
• Significant job growth is expected through 2033
• Higher education may not be required
• There may be opportunities for advancement in the field
Cons:
• Requires lifting and handling heavy equipment
• Candidates should have strong math and communication skills
• Must be comfortable with heights
3. Nurse Practitioner
Median pay: $126,260
Job growth outlook: 46%
Job description: Nurse practitioner (NP) is one of the fastest-growing healthcare jobs. NPs can act as primary care providers or specialty care providers in doctor’s offices, hospitals, and other healthcare facilities. NPs may specialize in a particular type of care, such as geriatrics or pediatrics.
Job duties:
• Assess patients to determine care needs
• Determine how to improve or manage patient health
• Develop strategies for implementing a plan of care
Pros:
• High earning potential (an all-in-one money tracker tool can help you stay on top of your money game)
• Well above-average job growth
• Opportunity to specialize
Cons:
• Potentially a highly stressful job
• Requires advanced education
• May require working long shifts
4. Data Scientist
Median pay: $108,020/year
Job growth outlook: 36%
Job description: Extract and analyze data. May collect or categorize data, offer interpretations of data, or create visual representations to showcase their findings. These individuals typically work in an office setting or from home. Because this role doesn’t require much interaction with customers or colleagues, it can be a good job for antisocial people.
Job duties:
• Collect and organize data
• Test data and use it to develop algorithmic models
• Analyze data to create recommendations for business entities
• Opportunity to work a flexible schedule or remotely
• May appeal to people looking for a creative-adjacent job
Cons:
• Some aspects of the job may be tedious or boring
• Hours can be long and require the completion of menial tasks
• Master’s degree or higher may be required for certain jobs
5. Information Security Analyst
Median pay: $120,360/year
Job growth outlook: 33%
Job description: Information security analysts review an entity or organization’s security measures and develop strategies for protecting and safeguarding data. This is one of the fastest-growing IT jobs as more companies turn their focus to increasing cybersecurity in order to prevent fraud or data hacks. This is a strong option if you need a job that will pay off your student loans.
Job duties:
• Analyze security measures in order to look for potential flaws or weak spots
• Develop cybersecurity strategies to enhance a company or organization’s data safety
• Maintain security software, including encryption and firewall services
Pros:
• Job growth may be sustainable long term as more companies seek to step up their cybersecurity efforts
• Salary ranges are competitive compared to other fast-growing jobs
• May offer opportunity for remote work
Cons:
• Some jobs may require a master’s degree or higher
• May be required to complete tasks on short notice
• Potentially stressful and high-pressure
6. Medical and Health Services Manager
Median pay: $110,680/year
Job growth outlook: 29%
Job description: Responsible for managing their facility and coordinating medical and health services for patients. Should be up to date on the latest laws, regulations, and technology in healthcare.
Job duties:
• Create and execute policies, goals, and procedures for facility
• Ensure facility complies with laws and regulations
• Recruit, train, and manage staff
Pros:
• Competitive salary
• Flexible hours
• Room for advancement for those interested in leadership roles
Cons:
• Hours may be long
• May be required to have a bachelor’s degree, a license, and/or work experience
• The job has a high rate of injury and illness
7. Physician Assistant
Median pay: $130,020/year
Job growth outlook: 28%
Job description: Responsible for examining, diagnosing, and treating patients under the supervision of a physician. PAs can work in a variety of settings, including a hospital, doctor’s office, outpatient care center.
Job duties:
• Examine and diagnose patients
• Prescribe medication
• Educate patients on their health issues
Pros:
• Can be rewarding to help care for patients
• Competitive pay, particularly for jobs at outpatient care centers and hospitals
• Can work in a variety of specialized areas, such as dermatology, pathology, or emergency medicine
Cons:
• Work can be physically and emotionally demanding
• May be required to work nights, weekends, or holidays
• Must have a bachelor’s degree or higher and be licensed
8. Computer and Information Research Scientist
Median pay: $145,080
Job growth outlook: 26%
Job description: Use expertise and experience to improve existing technologies and create new ones. The work can help fuel innovation and solve problems in science, medicine, and business, among other fields.
Job duties:
• Develop and/or improve computer software and hardware
• Create new computing languages and tools
• Design and oversee experiments on software systems
Pros:
• Opportunity to work on cutting-edge projects
• Ability to help create innovations and improvements
• Can specialize in various fields, including artificial intelligence or robotics
Cons:
• Much of the work is online, which could be an issue for extroverted people
• Most jobs typically require a master’s degree or Ph.D.
• May work long hours
9. Physical Therapist Assistant
Median pay: $64,080/year
Job growth outlook: 25%
Job description: Collaborate with physician therapists to help patients regain their mobility and manage their pain. PTAs may also be responsible for cleaning and setting up treatment areas or moving patients around the facility.
Job duties:
• Treat patients through exercise, massage, and other interventions, under the supervision of a physical therapist
• Record the patient’s progress and share progress with the physical therapist
• Help move patients in and/or out of treatment area
Pros:
• Solid earning potential
• May have the option to work part-time
• Helping patients recover can be professionally rewarding
Cons:
• Often requires standing for long periods of time
• Moving patients could put strain on the body
• May be required to work nights and weekends
10. Operations Research Analyst
Median pay: $83,640/year
Job growth outlook: 26%
Job description: Evaluate a company’s operations using advanced analytical and mathematical techniques, and recommend ways to increase efficiency and solve problems.
Job duties:
• Analyze data to identify or solve operational problems
• Provide recommendations to decision makers
• Document and present finding to support recommendations
Pros:
• May have opportunities for advancement
• Often work on teams, which can be a good fit for extroverts
• Can help businesses operate more efficiently
Cons:
• Advanced education and training are often required
• Role can be demanding
• May be required to work in the office
Fastest-Growing Jobs by 2025 Outlook
The fastest growing jobs in 2024 include all of the options listed above. Other jobs projected to have above-average growth through 2033 include:
• Occupational therapy assistants
• Actuaries
• Financial examiners
• Home health and personal care aides
• Veterinary assistants and laboratory animal caretakers
• Veterinary technologists and technicians
• Logisticians
• Veterinarians
• Substance abuse, behavioral disorder, and mental health counselors
• Epidemiologists
Which job skills will be most in demand in the future? According to the World Economic Forum, the following skills will be highly sought after by employers within the next few years:
• Analytical thinking
• Creative thinking
• Resilience, flexibility, and agility
• Motivation and self-awareness
• Curiosity and lifelong learning
• Technological literacy
• Dependability and attention to detail
Some of these are “soft skills,” meaning they’re based around communication and self-management. However, it’s clear that technological skills and computer skills will continue to be an important consideration for employers in the future.
The Takeaway
The Bureau of Labor Statistics regularly publishes lists of jobs with good potential for recent grads and career changers. This year’s list of the top fields for job growth include energy, healthcare, computers, and data science. It’s a wide range, with something for everyone. And while some roles require a college degree, others welcome high school grads.
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 most needed job in 2024?
According to the Bureau of Labor Statistics, nurse practitioners are among the fastest growing jobs for 2024 and beyond. That’s due largely to increased demand for healthcare providers during the pandemic era, but it was also one of the fastest growing jobs pre-COVID.
What job has the highest future growth?
The Bureau of Labor Statistics projects that wind turbine service technicians are set to see the highest job growth through 2033. As the country looks to reduce carbon emissions — and demand for electricity increases — more wind turbines are expected to be built. This will likely create more job opportunities for qualified service technicians who can install and maintain the equipment.
Which jobs will be in demand in the next 10 years?
Some of the jobs that will be in the highest demand in the next 10 years include nurse practitioners, wind turbine service technicians, data analysts, information security analysts, and medical and health services managers.
About the author
Rebecca Lake
Rebecca Lake has been a finance writer for nearly a decade, specializing in personal finance, investing, and small business. She is a contributor at Forbes Advisor, SmartAsset, Investopedia, The Balance, MyBankTracker, MoneyRates and CreditCards.com. Read full bio.
Photo credit: iStock/visualspace
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.
If you’re interested in how to make extra income from home, today there are more opportunities than ever before. Some ways to earn extra income from home include side hustles, online businesses, and remote jobs. Finding the right money-making project for you just depends on your skills, experience, and interests.
We’re sharing some of the most popular ideas for how to bring in extra income from home in 2024 and beyond.
How to Make Extra Income From Home
There are a variety of ways to make extra income from home, many of which allow you to use the skills you already have. Others may require a little training or research to get started before you can begin earning supplemental income.
When comparing side hustles, business ideas, and work-from-home second jobs for extra income, consider:
• How much time is required to make money
• Typical earnings and how much you can expect to make
• What, if anything, might be required to get started
Timing can also influence the types of ideas you explore for making extra income from home. For example, if you need to make a quick $1,000, then selling things around the house can put cash in your pocket faster than starting an online business. If you need a little help staying on top of your side-hustle earnings, a money tracker app like SoFi’s can help.
And remember, the benefits of a side hustle go beyond making extra income. Side gigs can be a creative outlet, source of fulfillment, or a stepping stone to a new career. With that in mind, here are 23 of the best extra income ideas from home.
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1. Tutor
Tutoring can be a fulfilling way to make extra income from home for stay-at-home parents or students. There are numerous websites that connect tutors with students who need help with their school work. You can also offer tutoring to students locally in your home to make extra income.
2. Online Teacher
Teaching online is another popular work-from-home extra income idea. While tutoring may involve working with a single student one-on-one, you might teach multiple students online at the same time. For example, anyone can sign up to teach K-12 classes live via Zoom on Outschool.com. You don’t need a teaching degree or previous experience, though you will need to be able to pass a background check.
3. Course Creator
Course creation is one of the best passive income ideas for people who like teaching but don’t want to do it all the time. Platforms like Udemy, Skillshare, and Teachable allow you to create and upload virtual courses then sell them to people online. These types of platforms charge fees to host your course, but if you come up with a popular topic or idea, you can earn money from teaching online.
4. Sell Artwork and Designs Online
Selling artwork and designs can be a great way to earn residual income from home. For example, you can create unique designs and license them to a platform like Canva or Creative Fabrica. You earn money as people purchase licensing rights to use your designs.
Bookkeeping is an in-demand skill, and if you’re experienced at tracking accounts and managing financial statements, this can be a reliable way to make extra income from home. It’s possible to find virtual bookkeeping jobs online with companies that are interested in outsourcing their bookkeeping and payroll.
6. Low-Content Book Publishing
Low-content books are books that have little to no content inside. Composition notebooks and blank journals are two prime examples of low-content books. If you have a knack for design, you can create low-content books and upload them to a self-publishing platform like Amazon Kindle Direct Publishing (KDP). Amazon lists your books for sale and handles the printing and shipping for you. Meanwhile, you earn royalties for each unit sold.
7. Affiliate Marketing
Affiliate marketing is another option for earning residual income or passive income from home. Affiliate marketing simply means recommending products or services and linking to a sales portal. If someone purchases the product or service through your link, you earn a commission. You can try affiliate marketing through a blog or social media channels such as Instagram or Twitter. Just keep in mind that the Federal Trade Commission (FTC) has specific disclosure rules influencers are required to follow.
8. Copywrite or Edit
Copywriting is another high-demand skill as companies and businesses are often willing to pay good money for website or marketing copy. Editing is also something you might consider doing to make extra income from home if you’re skilled at writing and have a good eye for detail.
9. Data Entry
Work-from-home extra-income jobs in data entry might appeal to you if you’re good at typing and you know your way around databases or spreadsheets. It’s possible to find remote data entry jobs by searching job boards like Indeed.com or FlexJobs.
10. Start a YouTube Channel
YouTube is one of the most visible social media platforms. You might consider starting your own channel as a way to make extra income without leaving the house. To get started, you’ll need a decent camera and a great idea for content, and you’ll need to meet YouTube’s minimum requirements to monetize your channel with ads. You can also make money with a YouTube channel by selling digital products, creating sponsored content, and affiliate marketing.
11. Freelance Your Skills
Freelancing can span a wide range of work from home jobs for extra income. For example, you might work as a freelance photographer, website developer, or project manager. The great thing about freelancing is that you can apply skills that you already possess to make money while potentially increasing your income even more by learning new skills along the way.
12. Sell Your Photos
If you’re great with a camera, selling your photography is another idea for how to make extra income from home. Sites like Shutterstock, Foap, and SmugMug allow amateur and professional photographers to list photos for sale and earn money by selling licensing rights. You can study a range of websites that sell pictures to get an idea of which subjects are most popular and in-demand.
Print-on-demand is a terrific way to make passive income from home. With print-on-demand, you create unique designs and upload them to a POD shop. When someone buys an item, such as a coffee mug or tote bag, the POD shop prints your design onto it and ships it out to the customer. If you’re looking for a place to get started with print on demand, Redbubble, Society6, and Printify are a few sites you might consider.
14. Online Transcription
Transcriptionists make money by transcribing digital files into written or typed documents. Online transcription jobs can be a good way to put your typing skills to use, and there are even remote work opportunities out there for beginners. You may need to purchase special transcription software to start this work-from-home idea, but with the right gigs, you can easily make a part-time income from home.
15. Get Paid to Proofread
Proofreaders review written documents for spelling errors, grammatical errors, and typos. The work that they do is similar to copyeditors though it’s more focused on finding flaws in the mechanics of a piece of writing, rather than issues with tone or flow. Remote-work job boards can be a good place to begin looking for proofreading jobs for beginners.
16. Virtual Assistant
Virtual assistants help business owners run their companies. You might do a variety of things as a VA, including managing email, setting appointments, keeping track of scheduling changes, posting social media content, or copywriting. This is another low-cost side hustle you can start from home as long as you have an internet connection and a laptop.
17. Start a Blog
Blogging is not necessarily a way to get rich quick, but it can be a way of making extra money from home. There are different ways blogs can earn money, including ads, affiliate marketing, sponsored posts, product sales, and services. If you’re interested in starting a blog, you might want to spend some time on YouTube checking out tutorials to see what you’ll need to get up and running.
18. Get Paid to Chat
Remote chat operator jobs and remote customer support jobs are a fun way to put your people skills to work while earning extra income from home. Plenty of companies hire people to handle customer support via live chat or by phone from the comfort of their own home. This can be a good flexible job option for a stay-at-home parent.
19. Pet Sit
Pet sitting might be a perfect way to earn extra income from home if you love cats or dogs. You can advertise your services locally as a pet-sitter or dog walker, and make money according to a schedule that works for you.
Cash back apps pay you back a percentage of what you spend, either in cash or points that can be redeemed for cash or gift cards. For example, you might use a cash back app to earn 5% back when shopping for clothes at your favorite online retailer. Cash back apps are an easy way to make extra income from home doing things that you’re already spending time on.
21. Babysit in Your Home
In addition to pet-sitting, you might consider offering child care or senior care services in your home. If you’re planning to keep multiple children in your home, you’ll want to first check your state’s laws. Once you reach a certain number of children, you might be considered a daycare, which means you’ll need to get licensed and be regulated by the state.
22. Grow a Garden
Gardening can be a relaxing hobby, but it also has potential to be an excellent way to make extra income from home. You can sell the fruits and veggies that you grow at your local farmer’s market or to people in your neighborhood. Depending on where you live, you might even be able to branch out and raise chickens so you can sell fresh eggs for supplemental income.
23. Bake or Prep Meals
If you love to bake or are a pro at meal planning, you might be able to monetize those hobbies and skills to earn money at home. For example, you can sell your homemade baked goods at your local farmer’s market or craft fair, or to local restaurants. You can also sell readymade meals to busy parents and seniors who need a little help with cooking. Just be sure to check any regulations regarding home kitchens that might apply where you live.
Reporting Extra Income on Your Taxes
Finding ways to make extra income from home can offer some financial breathing room, but it’s important to consider the tax consequences. IRS rules require you to report side hustle income or money earned in the gig economy on your taxes, even if you make money at home. Generally, there are two rules to know about reporting extra income:
• Form 1099 must be issued when gig earnings exceed $600.
• Gig workers may be required to pay estimated quarterly taxes.
Unless you’re specifically hired as an employee of a company that you’re doing work for, then the IRS considers you to be an independent contractor. You’ll need to keep track of all your earnings throughout the year and make sure you’re reporting them accurately on your taxes when you file.
You’ll also want to include receipts for any expenses you might be able to deduct. For example, if you’re making extra income from home as a freelance writer and you need to buy a new laptop, you may be able to write that off as a business expense. Or you may be able to deduct home office expenses.
Downloading a free budget app can make it easier to keep track of your business or side gig expenses. If you’re unsure how to handle a tax return with extra income, you may want to talk to a tax professional.
The Takeaway
Making extra income is one of the main benefits of a side hustle, though you may also want to start a second job as a creative outlet. Today, there are many flexible work-from-home gigs for all sorts of skill sets and backgrounds. Some require training or certification, but many can be started with just a laptop and dream. Ideally, you can leverage a hobby or passion into a side job, such as meal-prep, pet-sitting, childcare, design and photography, and more.
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.
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FAQ
How can I make an extra $1,000 a month?
Some of the best ways to make an extra $1,000 a month are freelancing, blogging, monetizing a YouTube channel, and selling digital products. These are all extra income jobs that you can do entirely online. You may also be able to make an extra $1,000 a month by pet-sitting, making homemade baked goods, or selling things around the house you no longer need.
What can I do for an extra income?
There are lots of different ways to make extra income. You could start by increasing your hours at work if you get paid on an hourly basis. Or you might negotiate a pay raise at your current job. You can also get a second job, start a side hustle, get paid to do gig work, or start an online business.
What is a good side hustle?
The best side hustle for you is the one that works for your schedule and allows you to use the skills you have to make a good income. That said, good side hustle options include freelancing, editing and copywriting, blogging, and taking surveys online for cash or gift cards.
About the author
Rebecca Lake
Rebecca Lake has been a finance writer for nearly a decade, specializing in personal finance, investing, and small business. She is a contributor at Forbes Advisor, SmartAsset, Investopedia, The Balance, MyBankTracker, MoneyRates and CreditCards.com. Read full bio.
Photo credit: iStock/Alessandro Biascioli
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Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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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.
As long as people rely on indoor plumbing, we will need experienced, skilled plumbers to install, repair, and maintain the systems we use every day. Being a plumber is not only an in-demand job but one that generally pays well. A plumber’s average annual salary in the U.S. is $74,253, according to ZipRecruiter.
A plumber’s expertise spans from diagnosing and repairing leaks in people’s homes to planning commercial piping and municipal sewer systems.
If you enjoy working with both your hands and machinery, have strong attention to detail, and are a good problem-solver, being a plumber might be the right job for you. Read on to learn more about how much plumbers make per hour, how salaries vary by region, and other factors to consider before you decide to pursue a career in plumbing.
What Are Plumbers?
Plumbers are skilled professionals who install, maintain, and repair plumbing systems that supply residential and commercial properties with water and gas and carry away waste. Plumbers play a crucial role in ensuring these systems function properly and efficiently. Their expertise applies both to municipal sewers and single-home septic systems.
Plumbers diagnose and fix various issues related to plumbing systems, such as leaks, clogs, and malfunctions in pipes or fixtures. They also perform routine maintenance to prevent problems and keep plumbing systems in good working order.
In some cases, plumbers are involved in the initial design and planning stages of construction or renovation projects, ensuring that plumbing systems are installed efficiently and meet local building codes and regulations. Some plumbers may specialize in specific areas, such as commercial plumbing, industrial plumbing, or specific types of systems like hydronic heating.
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How Much Does a Plumber Make Per Year Starting Out?
A plumber can make a good entry-level salary that continues to increase over time. For example, plumbers with less than one year of experience earn, on average, $50,129, while the average salary for a plumber with more than 10 years of experience is $72,740 per year.
💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.
What Is the Average Salary for a Plumber?
Plumbers can earn either an hourly rate or an annual salary, depending on the type of work they do. How much a plumber makes per hour can range anywhere from around $18 to $53. The average hourly pay for a licensed plumber in the U. S. as of January 2024 is $35.70 an hour, per ZipRecruiter. The current national average for how much a plumber makes a year is $74,253.
How much money a plumber makes can vary by location. What follows is a breakdown of how much plumbers make a year (on average) by state.
Average Plumber Salary by State for 2024 (Highest to Lowest)
Plumbing has become a popular trade because of the various perks and financial advantages that come along with the job. First, the average starting salary of $50,129 is higher than in many industries. Plus, some plumbers are union members, which means that their salaries are protected by a contract and they may receive attractive health insurance and retirement packages.
Learning to be a plumber is also less demanding than obtaining a four-year bachelor’s degree. You can study to be a plumber by attending trade school or technical college. Usually, it takes anywhere between four and 24 months to complete your schooling.
Furthermore, plumbers-in-training typically can become apprentices while they’re completing their education. Apprenticeships let you work and learn simultaneously, meaning you’ll earn competitive pay while you work toward certification. For these reasons, plumbers can often finish their education with little to no student loans.
Plumbing is also a steady profession that will likely always be in demand. Even during economic downturns, residential and commercial buildings won’t stop needing running water and working toilets.
Lastly, plumbers can advance through the ranks to increase their pay and move into new roles. For example, attaining journeyman status often leads to a significant bump in salary. On average, journeyman plumbers earn $64,520, a $14,391 increase over the average starting salary.
Likewise, you could become a plumbing engineer or a superintendent to manage municipal jobs. Many plumbers also start their own businesses, which could lead to a job that pays $100,000 or more.
💡 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 a Plumber Salary
As with any profession, there are both advantages and disadvantages to being a plumber. Carefully considering each can assist you in determining if this is the right career for you.
Pros of Being a Plumber
Becoming a plumber can offer several attractive advantages:
• Job security Plumbing is an essential service that is always in demand. Even during an economic recession, people will always need plumbing services.
• Good pay Plumbers are well-compensated for their expertise from the get-go. With experience and expertise, plumbers can earn a substantial income. Plus, less need for student loans means debt likely won’t erode your earnings.
• Daily exercise Plumbing work often involves physical tasks such as lifting, bending, and carrying equipment. This aspect of the job provides plumbers with regular physical activity, contributing to a healthier lifestyle.
• Promotion and business ownership opportunities As a plumber gains experience and expertise, they can ascend the ranks (such as moving from journeyman to master plumber) to increase their pay and access new projects. Additionally, some plumbers choose to start their own businesses, which can be highly profitable and offer independence.
• Variety during work Plumbers typically encounter a wide range of challenges and tasks on the job. For example, you might replace piping one day and fix a host of leaky faucets the next. This variety can keep the work exciting and engaging.
However, plumbers also face the following challenges:
• Physically taxing Plumbing work often requires physical strength and endurance. Plumbers may need to lift heavy equipment, crawl into tight spaces, and crouch for hours on end. These repeated tasks can lead to strain or fatigue.
• Lack of routine Plumbing work can be less predictable than some office jobs that follow a set schedule. The unpredictability can be stressful for those who want the same pattern in their work every day or week.
• Working at all hours Plumbing issues can arise at any time, including nights, weekends, and holidays. Plumbers may need to be on-call or work during off-hours to address urgent situations. These situations impact work-life balance and require a degree of flexibility in one’s schedule.
• Risk of injury Working with plumbing systems and tools can pose certain risks. Plumbers may be exposed to sharp objects, hot surfaces, chemicals, and falling pipes. Additionally, working in confined spaces or at heights can increase the risk of accidents or injuries.
• High pressure environment Addressing leaking sewage and malfunctioning water systems can be stressful and clients may be stressed and difficult to work with. Furthermore, plumbers must navigate unpredictable environments and situations, necessitating the ability to remain composed even in hazardous conditions.
Plumbers make a desirable starting salary with plenty of room to advance their careers. They can enjoy the satisfaction of helping others with an essential aspect of life and rest in the fact that the profession isn’t going anywhere.
However, plumbing can impose physical wear and tear, cause injuries, and require work in extreme conditions. The tradeoff for low or no student debt and consistent, lucrative work is the tough physical labor and the possibility of working late hours.
Even after weighing the potential cons, however, you may decide that a trade profession such as plumbing can help you further your professional and financial goals.
FAQ
What is the highest paying plumber job?
The highest paying plumber job is a plumbing engineer, which requires engineering knowledge and project management skills. This position can pay as much as $112,000 annually.
Do Plumbers make 100k a year?
Plumbers at the highest levels of the profession can make $100,000 per year. Specifically, plumbing engineers (who design plumbing systems for private, public, or commercial buildings) and plumbers who own their own companies can potentially earn six figures a year.
How much do plumbers make starting out?
Plumbers with less than one year of experience earn, on average, $50,129 per year.
About the author
Ashley Kilroy
Ashley Kilroy is a seasoned personal finance writer with 15 years of experience simplifying complex concepts for individuals seeking financial security. Her expertise has shined through in well-known publications like Rolling Stone, Forbes, SmartAsset, and Money Talks News. Read full bio.
Photo credit: iStock/Yaroslav Astakhov
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.
Calling California home can be expensive, and some locations carry a much higher cost of living than others. In fact, if you’re wondering where to live in the Golden State, your income may be the deciding factor. A good salary for a single person in California varies widely depending on location and industry: $50K may be enough in some areas, $150K in others.
Here, we’ll provide real-world stats to show you what the cost of living is really like. And we’ll compare annual salaries for different occupations to offer some insight into what a single Californian typically earns.
• A good salary in California varies widely depending on location and industry, ranging from $50K to $150K.
• California ranks as the second-most expensive state in the U.S. for living costs.
• In Los Angeles, households spend an average of $77,024 annually, with housing and transportation being major expenses.
• San Francisco Bay Area residents spend about $101,880 per year, with housing as the largest expense.
• A living wage for a single adult in California is estimated at $56,825 annually, assuming a 40-hour workweek.
What Is the True Cost of Living in California?
California is the second-most expensive state in the U.S., according to the Missouri Economic Research and Information Center (MERIC). Only Hawaii, Washington, D.C., and Massachusetts have a higher cost of living. Data from the Bureau of Economic Analysis (BEA) calculated that the average annual cost of living in California is $60,272.
Average cost of living numbers reflect both the highs and lows of what people spend to live in California. Cost of living generally means necessary expenses, such as:
• Housing
• Food
• Utilities
• Transportation
• Taxes
• Health care
• Child care
• Clothing
• Education
Where someone chooses to live in California and their lifestyle can influence their personal cost of living. Their choice of career can determine how easily they’re able to keep up with the cost of living. What is considered a good salary for a single person in a metro area may be very different from that of someone living in a farming community.
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Households in the Los Angeles metro area spent an average of $77,024 per year in 2021-22, according to the Bureau of Labor Statistics (BLS). The majority of spending was divided across eight categories:
• Housing
• Transportation
• Food
• Personal insurance and pensions
• Healthcare
• Entertainment
• Cash contributions
• Apparel and services
August 2024 data from the BLS shows that the Consumer Price Index (CPI) for goods and services in Los Angeles has increased 2.9% from August 2023. Some of the biggest price increases have been in the food and medical care categories. Meanwhile, the average weekly wage across all industries in Los Angeles was $1,411.60, which adds up to $73,403 in annual salary.
What Is the True Cost of Living in the San Francisco Bay Area?
Residents of the San Francisco Bay Area spent an average of $101,880 per year in 2021-22, according to BLS data. San Franciscans spent the most on housing, followed by:
• Personal insurance and pensions
• Food
• Transportation
• Personal insurance and pensions
• Cash contributions
• Entertainment
• Education
Similar to Los Angeles, San Francisco saw its consumer price index increase 2.7% between August 2023 and August 2024, with consumers paying more for food, energy, and apparel. In terms of weekly salary, workers in the Bay Area bring in $1,874 on average, or $97,468 annually.
Why Is the Cost of Living in California So High?
California’s high cost of living can be attributed largely to supply and demand. Generally speaking, when demand for goods and services outpaces supply, that can result in higher prices.
High demand vs. low supply for things like housing, for instance, can send real estate values soaring. California is an attractive place to live because of its strong economy and job market, prompting more people to move there, driving up demand for housing. The state ranks second for the highest rent prices. And the typical home is valued at $784,989, according to Zillow.
Meanwhile, California residents are subject to higher property tax rates, which adds to the cost of living. They also typically pay more for fuel due to a combination of higher taxes and environmental regulation surcharges.
Inflation can add to the high cost of living in California. As of August 2024, the CPI increased 2.5% year over year. When inflation rises, everything you spend money on tends to become more expensive, driving up the cost of living even further.
A living wage in California is the hourly rate that someone must earn to support themselves and their family, if they have one. It’s not the same thing as the federal minimum wage. The gap between the two is often used as an argument for raising the minimum wage across the board.
Here’s what an hourly living wage calculation looks like for different household sizes in California. Note that the state minimum wage for companies with 26 or more employees is $16.00 an hour.
1 Adult
2 Adults, Both Working
Number of Children
0
1
2
3
0
1
2
3
Living Wage
$27.32
$47.96
$61.58
$82.16
$18.17
$26.21
$33.26
$40.24
Data courtesy of the MIT Living Wage Calculator
So what is a good annual salary for a single person in California? Using living wage data, you could assume that $56,825 in annual pay would be a good salary for a single person with no children. On the other hand, a single adult raising three kids would need to make $170,892 yearly. Those income numbers assume a 40-hour workweek and 52 weeks of work per year.
It’s important to understand the distinction between salary vs. hourly pay, in terms of how much work is involved to earn a living wage. A salaried employee who works 60 hours a week may end up earning the same average hourly wage as someone who works 40 hours per week, even though they’re spending more time on the job.
Typical Expenses
Comparing typical spending to living wage calculations can offer some perspective on how easily Californians are able to keep up with their cost of living. Here’s a closer look at what adults spend in several key budget categories. Comparing typical spending to living wage calculations can offer some perspective on how easily Californians are able to keep up with their cost of living. (If you’re struggling to get a grip on spending, then using a money tracker app like SoFi’s can help.)
Here’s a closer look at what adults spend in several key budget categories.
1 Adult
2 Adults, Both Working
Number of Children
0
1
2
3
0
1
2
3
Food
$4,508
$6,645
$9,967
$13,427
$8,264
$10,287
$13,248
$16,153
Child Care
$0
$14,433
$28,866
$41,020
$0
$14,433
$28,866
$41,020
Medical
$2,603
$8,317
$8,205
$8,668
$5,886
$8,205
$8,668
$8,263
Housing
$21,079
$28,494
$28,494
$38,263
$23,371
$28,944
$28,944
$38,263
Transportation
$10,655
$12,343
$15,548
$17,890
$12,343
$15,548
$17,890
$17,869
Civic
$3,032
$5,335
$6,715
$7,776
$5,335
$6,715
$7,776
$7,269
Other
$4,739
$8,459
$8,994
$12,431
$8,459
$8,994
$12,431
$11,950
Data courtesy of the MIT Living Wage Calculator
“Civic” refers to civic activities and includes costs related to entertainment, culture, pets, hobbies, and education.
Typical Annual Salaries in California
A good yearly salary for a single person in California varies widely, as does what is considered competitive pay. It mostly depends on the industry someone works in. Here’s an overview of annual salaries in California across different industries and sectors.
Occupational Area
Typical Annual Salary
Management
$160,360
Business & Financial Operations
$101,390
Computer & Mathematical
$142,270
Architecture & Engineering
$121,910
Life, Physical, & Social Science
$103,010
Community & Social Service
$69,470
Legal
$166,300
Education, Training, & Library
$80,940
Arts, Design, Entertainment, Sports, & Media
$97,180
Healthcare Practitioners & Technical
$128,010
Healthcare Support
$40,280
Protective Service
$69,330
Food Preparation & Serving Related
$40,300
Building & Grounds Cleaning & Maintenance
$44,510
Personal Care & Service
$44,170
Sales & Related
$59,650
Office & Administrative Support
$54,960
Farming, Fishing, & Forestry
$38,590
Construction & Extraction
$74,240
Installation, Maintenance, & Repair
$66,960
Production
$51,340
Transportation & Material Moving
$50,010
The highest paying jobs by state tend to be in the management, legal, technology, and healthcare fields. That makes sense, given how much big business and tech contribute to the state’s economy.
California’s large population also means greater demand for things like legal services and health care. These are not the best jobs for antisocial people, since they demand a good deal of interaction and communication, but that doesn’t mean introverts can’t find great opportunities here.
So, what is a good entry level salary in California? Entry level pay is likely to be higher in industries that have higher demand for talent. The downside is that hiring can be much more competitive.
New hires seeking jobs in the state may do well to read up on how to ask for a signing bonus or more perks in their benefits package, which can help supplement a lower entry level salary.
California is far from the cheapest state to live in. Whether it’s worth it to you to make your home there can depend on your reasons for wanting to live in the Golden State. If you’ve landed a high-paying job in a promising field, for instance, then a higher cost of living might be a trade-off you can accept to launch your dream career.
On the other hand, you might find that California’s cost of living is simply too much for your budget. In that case, you might consider relocating to a less expensive state or, at the very least, moving to a different part of California.
Regardless of where you end up, using a budget planner app can be a great way to keep track of your spending. You can link the app to your bank accounts and credit cards to keep tabs on where your money goes and see at a glance where you might need to cut back. Maintaining a budget is one of the most effective ways to keep your cost of living under control.
What is a good yearly salary for a single person? The simplest answer might be this: An amount that allows you to meet all of your basic expenses, save a little, and pay down debt or work toward another financial goal. Whether that’s $50,000, $150,000 or more can depend on your preferred lifestyle and where you choose to live.
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 helps you stay on top of your finances.
FAQ
What is a livable salary for a single person in California?
A living wage for a single person in California with no children is $27.32 per hour or $56,825 per year, assuming a 40-hour workweek. Whether that salary is livable for someone can depend on where they live in California and how they typically spend their money.
What is a comfortable salary in California?
The salary that’s required to live comfortably in California depends on how many people live in the household, how many people in the household earn an income, where you live in the state, and your typical annual expenses.
What is a good monthly income in California?
A good monthly income in California is $5,002, based on what the Bureau of Economic Analysis estimates that Californians pay for their cost of living. A good monthly income for you will depend on what your expenses are and how much you typically spend per month.
About the author
Rebecca Lake
Rebecca Lake has been a finance writer for nearly a decade, specializing in personal finance, investing, and small business. She is a contributor at Forbes Advisor, SmartAsset, Investopedia, The Balance, MyBankTracker, MoneyRates and CreditCards.com. Read full bio.
Photo credit: iStock/lechatnoir
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.
