In this salary guide, you will find out how much do Real Estate Appraisers make.
After reading this, you will be able to make a decision if working as a Real Estate Appraiser will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).
$58030 per year
$27.900 per hour
One of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Appraisers make per year and what is their hourly wage.
According to BLS, the average annual salary of Real Estate Appraisers is $58030. Their salary can also be as low as $27060 if you’re still a newbie with no experience to over $97120 if you have a ton of experience under your belt.
The typical hourly pay is $27.900 and can range from $13.010 to $46.690 which also depends if you’re a newbie or a professional.
Just like any other job, the salary of A Real Estate Appraiser will vary based on your education and experience level.
# = Over $100 per hour or $200,000 per year.
We wanted to make it easy for our readers to compare the salary of A Real Estate Appraiser to all the other careers out there. So we created Salary Rank.
This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.
After comparing how much do Real Estate Appraisers make with other careers, they have a salary rank of B.
|Highest (Top 10%)||$46.690||$97120|
|Senior (Top 25%)||$35.130||$73080|
|Middle (Mid 50%)||$24.930||$51850|
|Junior (Bottom 25%)||$18.030||$37490|
|No experience (Bottom 10%)||$13.010||$27060|
Entry-level Real Estate Appraisers who starts out at $37490 can expect to make $51850 after 3-5 years of experience in the field.
The bottom 10% makes less than $13.010 per hour while the top 10% makes over $46.690 per hour.
While the median wage is $51850 per annum or $24.930 per hour.
Depending on who you work for, you might also get overtime pay.
# = Over $100 per hour or $200,000 per year.
Highest paying industries
|Industry name||Hourly wage||Annual salary|
|Postal Service (federal government)||47.22||98220|
|Transportation and Warehousing||43.61||90710|
|Federal government, including the US Postal Service||42.09||87550|
|Securities and Commodity Contracts Intermediation and Brokerage||42.03||87420|
|Federal Executive Branch||41.86||87080|
|Lessors of Real Estate||35.33||73480|
|Computer Systems Design and Related Services||35.28||73380|
|Depository Credit Intermediation||34.58||71940|
|Management, Scientific, and Technical Consulting Services||34.42||71590|
|Credit Intermediation and Related Activities||33.31||69290|
|Nondepository Credit Intermediation||32.81||68250|
|Other Nondepository Credit Intermediation||32.76||68150|
|Management of Companies and Enterprises||32.43||67450|
|Heavy and Civil Engineering Construction||32.29||67170|
|Finance and Insurance||31.95||66450|
|Insurance Agencies and Brokerages||31.43||65370|
|Other Support Services||30.61||63670|
|Electric Power Generation, Transmission and Distribution||30.55||63540|
|All industries, private ownership only||29.46||61280|
|Professional, Scientific, and Technical Services||29.23||60810|
|Activities Related to Real Estate||29.14||60600|
|Agencies, Brokerages, and Other Insurance Related Activities||29.1||60540|
|Real Estate and Rental and Leasing||29.02||60350|
|Insurance Carriers and Related Activities||28.75||59800|
|Direct Insurance (except Life, Health, and Medical) Carriers||28.15||58550|
|Activities Related to Credit Intermediation||26.89||55940|
|Architectural, Engineering, and Related Services||26.73||55610|
|Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service||26.08||54250|
|Federal, State, and Local Government||26.06||54200|
|Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service||26.06||54200|
|Sector 56- Administrative and Support and Waste Management and Remediation Services||25.89||53850|
|Administrative and Support Services||25.89||53850|
|Other Professional, Scientific, and Technical Services||25.7||53460|
|Publishing Industries (except Internet)||25.69||53430|
|Other Insurance Related Activities||25.54||53120|
|Offices of Real Estate Agents and Brokers||25.22||52460|
|Local Government, excluding schools and hospitals||24.53||51010|
|Local government, including schools and hospitals||24.53||51010|
Not all industries pay the same for Real Estate Appraisers.
One of the easiest way to increase your salary is to change industries and find a higher paying one.
Highest paying states
Another simple way to boost your pay as A Real Estate Appraiser is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.
According to the BLS, the highest paid / most successful Real Estate Appraisers are in the states of DC, CT, CA, AK and NJ. The average salary in DC is $91890.
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They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
They compile data from various sources, such as maps, reports, and field and file investigations, for use by city planner in making planning studies.
They investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
They review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
They operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
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