Business Owner Salary

Average Yearly Salary

Updated May 18, 2020

$99,000

$63,000

$99,000

$155,000

The average Business Owner makes about $99,761 per year. That's $47.96 per hour! Those in the lower 10%, such as entry-level positions, only make about $63,000 a year. Meanwhile, the top 10% are sitting pretty with an average salary of $155,000. Many of Business Owners seem to be drawn to Health Care and Hospitality companies. Unless they care more about money, in which case Business Owners tend to work at Health Care, Retail, and Automotive companies. Even the employees who work in these industries can confirm that's where the money is. Although money is important, a lot of people base their career decisions solely on location. That's why we found that California, Rhode Island and New York pay Business Owners the highest salaries.

Best Paying Cities

San Francisco, CA

$110,866

Providence, RI

$100,095

Yonkers, NY

$98,049

Map of Business Owner Salaries

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

Average Salary:

Average Business Owner Salary By Location

Throughout the U.S., the average salary for a Business Owner is roughly $99,761 per year, which boils down to $47.96 per hour. Interestingly enough, Business Owners have the highest salaries in San Francisco, CA at about $110,866 per year. For those who are just starting out, the average entry-level salary in San Francisco, CA is $51,000. Additionally, Business Owners make more than the average salary in Providence, RI, Yonkers, NY, Denver, CO, Cambridge, MA, and Jersey City, NJ. On a more broad level, Business Owner salaries are highest in California, Rhode Island, New York, Colorado, Connecticut, Massachusetts, and New Jersey. On the contrary, Indiana, Alaska, and Nebraska offer the lowest Business Owner salaries.

City

Average Salary

San Francisco, CA

$110,866

$111k

Providence, RI

$100,095

$100k

Yonkers, NY

$98,049

$98k

Denver, CO

$96,046

$96k

Cambridge, MA

$94,248

$94k

Jersey City, NJ

$94,224

$94k

Las Vegas, NV

$93,244

$93k

Austin, TX

$91,903

$92k

Virginia Beach, VA

$88,233

$88k

Huntsville, AL

$87,010

$87k

Average Business Owner Salary By Company

If you want to get paid the most as a Business Owner, being employed by a company such as Amgen or S & B would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Eaton and Bristol-Myers Squibb also report highly competitive salaries for Business Owners.

Company

Average Salary

Amgen

$115,341

$115k

S & B

$114,709

$115k

Eaton

$106,979

$107k

Bristol-Myers Squibb

$105,933

$106k

American Family Insurance

$71,312

$71k

The largest raises come from changing jobs.

See what's out there.

Average Business Owner Pay By Industry

Business Owner salaries can vary on many factors, including what industry a job is in. In fact, jobs with Health Care, Retail, and Automotive companies tend to be the highest paying. Furthermore, a Business Owner can make a yearly salary of $102,910 while working for Health Care companies. All the while, other Business Owners are making $100,047 at Retail companies and $99,819 at Automotive companies. One industry Business Owners may want to avoid is the Manufacturing industry as it offers the lowest average salary at $91,028.

Industry

Average Salary

Health Care

$102,910

$103k

Retail

$100,047

$100k

Automotive

$99,819

$100k

Professional

$99,268

$99k

Hospitality

$94,873

$95k

Manufacturing

$91,028

$91k