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Updated February 9, 2022
Average Business Owner Salary
$83,000 yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More
$39.97 hourly

Entry level Salary
$45,000 yearly
$45,000
10 %
$83,000
Median
$151,000
90 %
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What is a Business Owner's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$151,000$12,583$73
75th Percentile$113,000$9,417$54
Average$83,147$6,929$40
25th Percentile$60,000$5,000$29
10th Percentile$45,000$3,750$22

Average Business Owner Salary By State

The darker areas on the map show where business owners earn the highest salaries across all 50 states.

  • State View
  • County View
Average Salary:

Business Owner average salary by State

StateAvg. SalaryHourly RateJob Count
Alabama$112,735$54.20977
Alaska$118,739$57.09127
Arizona$115,195$55.38760
Arkansas$92,607$44.52960
California$160,495$77.164,118
Colorado$135,336$65.071,115
Connecticut$132,196$63.56242
Delaware$127,971$61.52182
District of Columbia$136,147$65.46117
Florida$86,906$41.781,223
Georgia$106,287$51.102,815
Hawaii$87,811$42.22120
Idaho$102,452$49.2649
Illinois$110,578$53.162,789
Indiana$100,103$48.132,328
Iowa$91,417$43.95445
Kansas$97,975$47.10961
Kentucky$85,026$40.881,163
Louisiana$124,356$59.79789
Maine$102,182$49.13261
Maryland$117,302$56.401,091
Massachusetts$134,888$64.85511
Michigan$106,091$51.013,359
Minnesota$111,973$53.832,874
Mississippi$84,709$40.73601
Missouri$98,367$47.291,539
Montana$88,758$42.67206
Nebraska$97,130$46.70312
Nevada$135,449$65.12460
New Hampshire$113,076$54.36303
New Jersey$142,898$68.70368
New Mexico$125,999$60.581,000
New York$142,321$68.422,170
North Carolina$110,519$53.134,288
North Dakota$91,765$44.1262
Ohio$107,713$51.793,230
Oklahoma$107,104$51.49832
Oregon$119,152$57.281,224
Pennsylvania$116,725$56.124,194
Rhode Island$130,074$62.54245
South Carolina$96,925$46.601,968
South Dakota$116,254$55.89155
Tennessee$106,578$51.242,751
Texas$126,815$60.976,237
Utah$102,721$49.391,143
Vermont$85,827$41.26187
Virginia$123,179$59.222,647
Washington$142,371$68.451,712
West Virginia$88,336$42.47813
Wisconsin$116,701$56.112,248
Wyoming$107,779$51.82300

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Highest Paying Cities For Business Owner

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CityAvg. SalaryHourly Rate
San Francisco, CA$168,969$81.24
New York, NY$145,220$69.82
Seattle, WA$144,100$69.28
Colorado Springs, CO$138,630$66.65
Boston, MA$136,893$65.81
Hartford, CT$133,944$64.40

How much does a Business Owner make?

The average Business Owner salary is $83,147 per year, or $39.97 per hour, in the United States. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $45,000 a year, while the top 10% makes $151,000. As most things go, location can be critical. California, New Jersey, Washington, New York, and Nevada provide the highest Business Owner salaries.

Average Business Owner Salary Over Time

Compare salaries for individual cities or states with the national average.

    Business Owner Salary By Year

    YearAvg. SalaryHourly Rate% Change
    2022$83,100$39.97+2.8%
    2021$80,800$38.87-0.1%
    2020$81,000$38.93+0.5%
    2019$80,500$38.72+1.1%
    2018$79,700$38.30+1.6%

    How Much Do Business Owners Make In Different Industries?

    Business Owner salaries can vary on many factors, including what industry a job is in. In fact, jobs with Manufacturing, Professional, and Retail companies tend to be the highest paying. Furthermore, a Business Owner can make a yearly salary of $73,243 while working for Manufacturing companies. All the while, other Business Owners are making $65,927 at Professional companies and $65,010 at Retail companies. One industry Business Owners may want to avoid is the Construction industry as it offers the lowest average salary at $59,310.

    Highest Paying Industries For Business Owners

    RankIndustryAverage Business Owner SalaryBusiness Owner Salary Range
    1Manufacturing
    $73,243
    $40k
    $100k
    2Professional
    $65,927
    $40k
    $100k
    3Retail
    $65,010
    $40k
    $100k
    4Real Estate
    $63,995
    $40k
    $100k
    5Technology
    $63,646
    $40k
    $100k
    6Construction
    $59,310
    $40k
    $100k

    High Paying Business Owner Jobs

    Average JOB Salary by Field

    Business Owner Salary
    The primary role of managing partners is to manage a company's day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.
    General Manager/Partner

    Avg. salary: $66,245

    A general manager/partner of any organization has many roles to perform. Depending on the industry they work in, they may be in charge of the management of operations, logistics, or maintenance. They also create an overall budget for every project. They are required to monitor budgets and payroll records and to review financial transactions.
    Entrepreneur

    Avg. salary: $86,943

    An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.
    Co-Owner/Operator

    Avg. salary: $34,540

    A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.
    Manager/Partner

    Avg. salary: $105,562

    A manager/partner or managing partner is a professional who manages the daily activities of a company as well as guides its overall strategic business direction. Managing partners must cooperate with other executives, board members, and employees to implement organizational goals, procedures, and policies. They are responsible for the hiring and managing of employees and should follow the executive committee guidelines and federal and state laws and regulations. Managing partners must also maintain positive client relationships and lead the drive for new business acquisitions.
    Owner/Operator

    Avg. salary: $175,130

    Owners/operators manage the business in all aspects, especially in those related to operations. They ensure that every aspect of the business is running smoothly. They oversee finance, marketing, logistics, sales, and even the human resources of the whole organization. They set business goals, create action plans to achieve them, and make sure that the plans are followed through. They set strategic direction and make business decisions that would be the most beneficial to the organization. They ensure that the business has enough funds to continue operating and that the quality of the products and services they offer continuously improve.
    Managing Partner

    Avg. salary: $153,294

    The primary role of managing partners is to manage a company's day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.

    Average Salary By Related Field

    Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
    General Manager/Partner$66,245$5,520$31.85394,962
    Entrepreneur$86,943$7,245$41.8021,697
    Co-Owner/Operator$34,541$2,878$16.61107,599
    Manager/Partner$105,563$8,797$50.75442,103
    Owner/Operator$175,130$14,594$84.20114,578
    Managing Partner$153,294$12,775$73.7085,721
    Job Openings

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    Business Owner Jobs You Might Like

    And if you're looking for a job, here are the five top employers hiring now:

    1. Etsy Jobs (19)
    2. eBay Jobs (103)
    3. Avon Product Jobs (35)
    4. Mary Kay Jobs (119)
    5. Market America Jobs (19)

    Business Owner Salaries By Years Of Experience

    The salary for a Business Owner can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Business Owner Salary By Experience Level

    Experience LevelAvg. SalaryHourly Rate
    Entry Level$34,200$16.46
    Mid Level$52,900$25.43
    Senior Level$95,900$46.11

    Which Companies Pay Business Owners The Most?

    If you want to get paid the most as a Business Owner, being employed by a company such as Facebook or Stryker would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Kite Pharma and Gilt.com also report highly competitive salaries for Business Owners.

    Highest Paying Companies For Business Owners

    RankCompanyZippia ScoreAverage Business Owner SalaryAverage Salary
    1$131,762
    2$124,507
    3$120,584
    4
    4.Gilt.com
    $113,261
    5$112,482
    6$112,181

    And if you're looking for a job, here are the five top employers hiring now:

    1. Etsy Jobs (19)
    2. eBay Jobs (103)
    3. Avon Product Jobs (35)
    4. Mary Kay Jobs (119)
    5. Market America Jobs (19)

    How much should you get paid?

    Tell us about yourself to get a free, personalized Zippia Salary Report and suggestions on how to increase your pay.

    Recently Added Business Owner Salaries

    CompanyJobLocationDate AddedSalary
    USAABusiness Process Owner ISan Antonio, TX01/18/2022$72,900
    Kite Pharma, Inc.ERP Business Process Owner-ClinicalCalifornia, MD12/21/2021$104,240
    Kite Pharma, Inc.ERP Business Process Owner-ClinicalCalifornia, MD12/21/2021$104,240
    United Services Automobile Association (USAA)Business Process Owner Senior-Real Estate (Remote)Alabama12/17/2021$88,200
    USAABusiness Process Owner Senior-Real Estate (Remote)Nome, TX12/16/2021$88,200
    USAABusiness Process Owner Lead-Bank (Remote Work Location Available)Colorado Springs, CO10/30/2021$106,800
    USAABusiness Process Owner Lead-Bank (Remote Work Location Available)San Antonio, TX10/30/2021$106,800
    USAABusiness Process Owner Senior-Retail Banking (Hybrid)San Antonio, TX09/22/2021$88,200
    Goodwin RecruitingRecruiting Business Owner-Turnkey Recruitng Business Opportunity!Maryland09/02/2021$75,000
    USAABusiness Process Owner I (Remote Available)Charlotte, NC08/30/2021$66,300

    Average Business Owner Salary by Demographic

    Business Owner Gender Pay Gap

    male-income
    Male Income
    $75,462
    female-income
    Female Income
    $63,896
    GenderIncome
    Male$75,462
    Female$63,896
    Median Business Owner Income by Race
    Asian Business Owners have the highest average salary compared to other ethnicities. Black or African American Business Owners have the lowest average salary at $62,283.
    $80,000
    $64,000
    $48,000
    $32,000
    $16,000
    $0
    White
    Black or African American
    Asian
    Hispanic or Latino

    Business Owner Income by Race

    EthnicitySalary
    White$71,445
    Black or African American$62,283
    Asian$75,101
    Hispanic or Latino$66,641
    Average Business Owner Salary by Education Level
    Business Owners with a Doctorate degree earn more than those without, at $126,505 annually. With a Masters degree, Business Owners earn a median annual income of $125,272 compared to $95,098 for Business Owners with an Bachelors degree.
    $130,000
    $104,000
    $78,000
    $52,000
    $26,000
    $0
    High School Diploma or Less
    Master's Degree
    Bachelor's Degree
    Doctorate Degree
    Some College/ Associate Degree

    Business Owner Salary by Education Level

    EducationSalary
    High School Diploma or Less$75,237
    Master's Degree$125,272
    Bachelor's Degree$95,098
    Doctorate Degree$126,505
    Some College/ Associate Degree$75,462

    Business Owner Salaries FAQs

    What is a good starting salary for a Business Owner?

    A good starting salary for a business owner is $45,000 in the United States. That puts you in the 10th percentile of annual income for a business owner in the U.S., which is about what you would expect if you were new to the field. The average salary for business owners is $83,147, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a business owner can vary by state.

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