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The differences between residential appraisers and licensed appraisers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a residential appraiser and a licensed appraiser. Additionally, a licensed appraiser has an average salary of $43,844, which is higher than the $42,503 average annual salary of a residential appraiser.
The top three skills for a residential appraiser include uniform standards, residential real estate and USPAP. The most important skills for a licensed appraiser are real estate appraisals, market data, and property inspections.
| Residential Appraiser | Licensed Appraiser | |
| Yearly salary | $42,503 | $43,844 |
| Hourly rate | $20.43 | $21.08 |
| Growth rate | 7% | 7% |
| Number of jobs | 8,581 | 10,887 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 56% |
| Average age | 49 | 49 |
| Years of experience | 4 | 4 |
Residential appraisers and licensed appraisers have different pay scales, as shown below.
| Residential Appraiser | Licensed Appraiser | |
| Average salary | $42,503 | $43,844 |
| Salary range | Between $29,000 And $61,000 | Between $28,000 And $67,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | California | - |
| Best paying company | U.S. Bank | - |
| Best paying industry | Automotive | - |
There are a few differences between a residential appraiser and a licensed appraiser in terms of educational background:
| Residential Appraiser | Licensed Appraiser | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between residential appraisers' and licensed appraisers' demographics:
| Residential Appraiser | Licensed Appraiser | |
| Average age | 49 | 49 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 59.9% Female, 40.1% |
| Race ratio | Black or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.2% American Indian and Alaska Native, 0.4% | Black or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 8% |