Updated August 22, 2022

Average Entrepreneur Salary

$70,849yearly

$34.06 hourly

Entry level Salary
$42,000 yearly
$42,000
10 %
$70,849
Median
$118,000
90 %

How much does an Entrepreneur make?

Entrepreneurs make $70,849 per year on average, or $34.06 per hour, in the United States. Entrepreneurs on the lower end of that spectrum, the bottom 10% to be exact, make roughly $42,000 a year, while the top 10% makes $118,000.

Location impacts how much an entrepreneur can expect to make. Entrepreneurs make the most in New York, Connecticut, New Jersey, Massachusetts, and Michigan.

Highest Paying States For Entrepreneurs

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

  • State View
  • County View
Average Salary:

Entrepreneur average salary by State

RankStateAvg. SalaryHourly RateJob Count
1Michigan$81,879$39.363,494
2New York$107,291$51.582,375
3South Dakota$69,927$33.621,688
4Wisconsin$74,203$35.672,568
5Connecticut$103,815$49.9160
6Virginia$81,722$39.292,987
7Washington$81,373$39.121,923
8District of Columbia$97,984$47.1151
9Illinois$78,756$37.863,069
10Ohio$75,667$36.382,710
11New Jersey$87,436$42.04125
12Delaware$77,593$37.30189
13Rhode Island$77,742$37.3825
14North Carolina$67,051$32.244,067
15Massachusetts$82,278$39.56134
16Alabama$61,935$29.783,818
17North Dakota$60,923$29.291,842
18California$79,251$38.104,007
19West Virginia$61,260$29.451,120
20Minnesota$66,029$31.743,483
21Pennsylvania$65,103$31.303,463
22Oregon$68,851$33.101,663
23Maryland$76,731$36.89372
24Tennessee$59,803$28.753,152
25Oklahoma$57,507$27.653,466
26Georgia$62,696$30.143,762
27Alaska$70,000$33.654
28Louisiana$56,766$27.292,733
29Texas$59,639$28.677,732
30Iowa$54,380$26.142,272
31Kentucky$53,218$25.592,892
32New Hampshire$62,008$29.8132
33Colorado$60,518$29.101,447
34Nebraska$51,428$24.732,083
35Maine$60,691$29.1839
36Indiana$55,328$26.602,316
37Missouri$50,312$24.195,149
38Arizona$57,612$27.70766
39Wyoming$51,819$24.91291
40Kansas$47,508$22.843,686
41South Carolina$49,548$23.822,418
42New Mexico$49,023$23.571,210
43Idaho$48,113$23.131,099
44Arkansas$43,497$20.913,697
45Vermont$56,370$27.1019
46Nevada$52,062$25.03254
47Utah$44,016$21.16926
48Montana$49,013$23.5659
49Mississippi$36,275$17.44890
50Florida$44,747$21.51872
51Hawaii$36,208$17.412

Highest Paying Cities For Entrepreneurs

RankCityAvg. SalaryHourly Rate
1New York, NY$108,513$52.17
2San Francisco, CA$90,559$43.54
3Newark, NJ$87,693$42.16
4Brockton, MA$82,756$39.79
5Renton, WA$82,654$39.74
6Lansing, MI$80,921$38.90
7Akron, OH$78,031$37.51
8Wilmington, DE$77,778$37.39
9Baltimore, MD$76,921$36.98
10Philadelphia, PA$65,464$31.47
11Concord, NC$65,394$31.44
12Alpharetta, GA$62,676$30.13
13Boulder, CO$60,622$29.15
14Austin, TX$60,430$29.05
15Indianapolis, IN$54,787$26.34

Entrepreneur Salary Details

Average Entrepreneur Salary Graph
Average Entrepreneur Salary Graph, Trends, and Summary

What is an Entrepreneur's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$118,000$9,833$57
75th Percentile$92,000$7,667$44
Average$70,849$5,904$34
25th Percentile$54,000$4,500$26
10th Percentile$42,000$3,500$20

Average Salary By Related Titles

Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Customer Service Manager$61,487$5,124$29.56313,110
Operations Manager$76,894$6,408$36.97343,868
Service Manager$74,009$6,167$35.58341,785
Co-Owner/Operator$32,256$2,688$15.5195,615
Manager$58,651$4,888$28.201,236,194
General Manager/Partner$85,061$7,088$40.89279,155

How Would You Rate The Starting Salaries For Entrepreneurs, As Well As The Prospects For Salary Advancement?

Laura Lott Valenti

Assistant Professor of Marketing John C. Daigle Endowed Professor, Nicholls State University

Just yesterday, one of my sales students was told, in an interview, that the starting salary was $50K base and a commission cap of $22.5K for a virtual sales position with a well-branded organization. I think this is great and in line with the industry and expectations! (I also have three former students who work for the company, so he would be in great hands.)Show more

Here are the five companies hiring the most now:

  1. eBay Jobs (74)
  2. Etsy Jobs (6)
  3. *n/a* Jobs (13)
  4. Amway Jobs (19)
  5. Intelliweather Jobs (13)

Which Companies Pay Entrepreneurs The Most?

The highest paying companies for entrepreneurs are General Catalyst and Hewlett Packard Enterprise according to our most recent salary estimates. In addition, companies like CareFirst BlueCross BlueShield and Lightspeed report highly competitive wages for entrepreneurs.
RankCompanyAverage SalaryHourly RateJob Openings
1General Catalyst$98,217$47.22
2Hewlett Packard Enterprise$79,053$38.011
3CareFirst BlueCross BlueShield$77,639$37.33
4Lightspeed$74,903$36.01
5SMS Holdings$74,775$35.95
6Embry-Riddle Aeronautical University$72,529$34.871
7Berdon$71,485$34.37
8Gundersen Lutheran Medical Foundation Inc.$68,354$32.86
9UMass Lowell$66,133$31.79
10University of Massachusetts Boston$66,033$31.75
11Massachusetts Institute of Technology$64,617$31.073
12Accenture$64,508$31.018
13Symmetry Financial Group$63,536$30.55
14International Rescue Committee$63,295$30.432
15Techstars$61,481$29.56
16UC Santa Barbara$61,415$29.53
17Worcester Polytechnic Institute$60,731$29.20
18VF$59,788$28.741
19PSEA$58,618$28.18
20Americorps$57,193$27.503

How Much Do Entrepreneurs Make In Different Industries?

Here are some examples of how much an entrepreneur salaries can based on different industries:

  1. The finance industry pays entrepreneurs an average salary of $74,554

  2. The technology industry pay $72,252

  3. The lowest paying industry for entrepreneurs is the retail industry. Entrepreneurs in this industry earn an average salary of $54,871

Highest Paying Industries For Entrepreneurs

RankIndustryAverage SalaryHourly Rate
1Finance$74,554$35.84
2Technology$72,252$34.74
3Health Care$63,960$30.75
4Media$62,708$30.15
5Manufacturing$61,475$29.56
6Professional$59,751$28.73
7Retail$54,871$26.38

High Paying Entrepreneur Jobs

Entrepreneur Salary Trends

The salary for an entrepreneur can vary depending on the years of experience that a person has, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $29,182, a mid-career professional with 3-6 years of experience makes $70,849 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $81,719. 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.

Entrepreneur Salary By Experience Level

Experience LevelAvg. SalaryHourly Rate
Entry Level$29,200$14.03
Mid Level$45,100$21.67
Senior Level$81,700$39.29

Average Entrepreneur Salary Over Time

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

    Entrepreneur Salary By Year

    YearAvg. SalaryHourly Rate% Change
    2022$70,800$34.06+2.8%
    2021$68,900$33.12-0.1%
    2020$69,000$33.17+0.5%
    2019$68,600$33.00+1.1%
    2018$67,900$32.64+1.6%

    Recently Added Entrepreneur Salaries

    CompanyJobLocationDate AddedSalary
    Year UpEntrepreneurship RoleNewark, DE07/22/2022$44,000
    Year UpEntrepreneurship RoleWorcester, MA07/22/2022$44,000
    Year UpEntrepreneurship RoleNoma, FL07/22/2022$44,000
    Year UpEntrepreneurship RoleLowell, MA07/17/2022$44,000
    Year UpEntrepreneurship RoleClaymont, DE07/05/2022$44,000
    Year UpEntrepreneurship RoleExton, PA07/05/2022$44,000
    Year UpEntrepreneurship RoleWestchester, FL07/05/2022$44,000
    University of CaliforniaEntrepreneur In ResidenceRiverside, CA07/02/2022$76,000
    University of CaliforniaEntrepreneur In ResidenceRiverside, CA06/01/2022$71,800
    Year UpEntrepreneurship RoleWestford, MA05/28/2022$44,000

    Entrepreneur Salaries FAQs

    What State Pays Entrepreneurs The Most?

    New York pays Entrepreneurs the most in the United States, with an average salary of $107,291 per year, or $51.58 per hour.

    How Do I Know If I'm Being Paid Fairly As An Entrepreneur?

    You know if you are being paid fairly as an Entrepreneur if your pay is close to the average pay for the state you live in. For example, if you live in Connecticut you should be paid close to $103,815 per year.

    What Type Of Entrepreneur Gets Paid The Most?

    Owner/Operator gets paid the most. Owner/Operator made a median salary of $167,288. The best-paid 10 percent make $212,000, while the lowest-paid 10 percent make $131,000.

    Search For Entrepreneur Jobs