What is the average salary of a licensed cosmetologist?

If you love the idea of helping people feel better about themselves by showing them how to unleash their inner beauty, becoming a cosmetologist may be the perfect vocational choice for you. While you are likely very excited about the prospect of transforming the hair of your customers into something truly fabulous, you also have concerns about whether or not you will be able to maintain your lifestyle with the salary of a cosmetologist. Use this information to learn more about how much a cosmetologist earns so you can determine if entering this field is financially feasible for you.

Skill And Experience Make A Difference

As with most professions, the amount of money that you make as a cosmetologist will vary depending upon both your skill level and the number of years that you have been practicing your craft.

The Bureau of Labor Statistics lists the average annual salary of a licensed cosmetologist at $27,940. However, you have the ability to literally double this amount if you happen to fall within the ranks of the top 90% of cosmetologists, who earn approximately $45,840 each year. The better you become at what you do, the higher your income will climb.

Keep in mind that if you happen to earn on the lower end of the spectrum, it’s likely because you work within the confines of someone else’s hair salon. When you do this, you usually have to pay for your chair and station each week, which can take up a sizable chunk of your income.

If you want to keep more of your money in your pocket, you may want to eventually open your own salon. Once you have built up your clientele, consider going into business for yourself. This gives you the opportunity to rent out stations to other cosmetologists so that you can earn a residual income.

Increase Your Earnings By Branching Out

The field of beauty is very vast, and offers you the chance to increase your earnings quite a bit by willing to be versatile. For example, you could become a certified aesthetician, which is an individual who does things such as facials and body hair removal. Your clients will be pleased that you have the ability to offer them more services, and you will be pleased to find that your income steadily rises.

Becoming a cosmetologist is an exciting way for you to bring joy to the life of others. Use this information so that you can take control of your income as a cosmetologist and be financially stable for years to come.