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The differences between residential fee appraisers and commercial 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 fee appraiser and a commercial appraiser. Additionally, a commercial appraiser has an average salary of $43,866, which is higher than the $43,447 average annual salary of a residential fee appraiser.
The top three skills for a residential fee appraiser include residential real estate, income properties and condominiums. The most important skills for a commercial appraiser are real estate, MAI, and real property.
| Residential Fee Appraiser | Commercial Appraiser | |
| Yearly salary | $43,447 | $43,866 |
| Hourly rate | $20.89 | $21.09 |
| Growth rate | 7% | 7% |
| Number of jobs | 8,527 | 27,521 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 49 | 49 |
| Years of experience | 4 | 4 |
Residential fee appraisers and commercial appraisers have different pay scales, as shown below.
| Residential Fee Appraiser | Commercial Appraiser | |
| Average salary | $43,447 | $43,866 |
| Salary range | Between $28,000 And $66,000 | Between $28,000 And $67,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | M&T Bank |
| Best paying industry | - | Insurance |
There are a few differences between a residential fee appraiser and a commercial appraiser in terms of educational background:
| Residential Fee Appraiser | Commercial Appraiser | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Most common major | Real Estate | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between residential fee appraisers' and commercial appraisers' demographics:
| Residential Fee Appraiser | Commercial Appraiser | |
| Average age | 49 | 49 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 69.5% Female, 30.5% |
| Race ratio | Black or African American, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4% | Black or African American, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 8% |