If you've ever considered becoming a barber, you may have wondered how much money you could make. After all, barbers are in high demand and can often command a high salary.
In this article, we'll take a look at the salaries of a barber and what factors can affect how much money you can make.
What is the Average Annual Salary of a Barber?
The average salary for a barber is $32,000 per year. The top 10 percent of barbers make over $40,870 per year, while the bottom 10 percent make under $19,490 per year.
This can vary depending on a number of factors.
For example, experience can play a big role in how much money you make. A barber with 10 years of experience can expect to make more than a barber with 1 year of experience.
Location is also a factor. A barber in a small town is not likely to make as much money as a barber in a big city. The cost of living in a big city is also higher. So you would need to make more money to maintain the same standard of living.
Tips can also play a role in how much money you make. A barber who provides excellent service and builds up a loyal clientele can expect to make a lot more in tips. Especially compared to a barber who is starting out.
What is the Average Hourly Wage of a Barber?
The average hourly wage of a barber is around $13.
According to the U.S. Bureau of Labor Statistics, the average hourly wage of a barber was $12.88 as of May 2015. The lowest 10 percent earned an hourly wage of $8.73 or less, and the highest 10 percent earned an hourly wage of $19.28 or more.
The bureau predicts that the average hourly wage for a barber will be $13.22 by 2022. That's over 2 percent more than 2015's wages. The bureau also predicts barbers' employment will grow. This will be about as fast as the average for all occupations between 2016 and 2026.
Why do Barbers Earn Less than Many Other Occupations?
There are a few reasons why barbers earn less than many other occupations. One reason is that the demand for barbers has decreased over the years. This is due to the fact that more people are choosing to style their own hair at home instead of going to the barber.
Another reason is that there are many barbers who are self-employed. They don’t have the overhead costs that other businesses have. Finally, the cost of living has increased over the years. While the prices that barbers charge have remained the same.
All these factors have resulted in barbers earning less than many other occupations. But, there are still many people who enjoy going to the barber and value the experience. For these people, the cost will always be worth it.
Taking Care of Your Personal Grooming Can Have Some Added Benefits
If you're a barber, you know that taking care of your personal grooming can have some added benefits. Not only will it make you look and feel your best, but it can also help you earn more money.
Here are some tips to help you get started:
Keep your hair trimmed and styled. This may seem like a no-brainer, but it's important to keep your hair looking its best. Not only will it make you look more professional, but it will also help you attract more clients.
Keep your beard trimmed and well-groomed. Again, this will help you look more professional and attract more clients.
Dress sharp. First impressions are everything, so make sure you're dressing your best. This doesn't mean you have to spend a lot of money on clothes. You should make sure your clothes are clean and wrinkle-free.
Be punctual. This is one of the most important things you can do to show your clients that you're professional.
Be friendly and personable. Your clients will appreciate your friendly demeanor. They will be more likely to come back to you in the future.