Looking for a fascinating and deeply rewarding career with lots of potential for growth? Look no further than Life Coaching! When you embark on a career as a Life Coach, you can earn a great salary and help people make positive and sustainable changes in their lives.
Life Coaching represents the fastest-growing segment of the burgeoning billion-dollar personal development industry. In fact, the market hit $1.08 billion in 2017 and could reach the $1.4 billion mark by 2022, according to predictions from Marketdata Enterprises, Inc. That means lots of room for personal growth, many chances to make a difference in people’s lives, and plenty of financial opportunities for you. This page will help you explore what kind of Life Coach salary you can expect to earn when you pursue this exciting and meaningful career path.
Certified Life Coach Salary: What Should You Expect?
We understand. You want to love your job and experience fulfillment. You also want to make a good living. You can do both with Life Coaching!
Life Coach salaries vary, depending on location, experience, and other factors. In large metropolitan areas like New York City and Los Angeles, Life Coaches tend to earn more. And experienced Life Coaches typically charge higher hourly rates. Average hourly coaching rates vary depending on the source. PayScale reports that $34 is a typical hourly rate for a Life Coach to charge, but Salary Expert puts the hourly rate closer to $41. It’s definitely worth your while to research the current going rates in your community for Life Coaches and consider your experience level when deciding how to set your own rate.
How Much Do Life Coaches Make?
Recent data shows that new coaches just beginning their careers earned an average annual salary of $59,680, but seasoned Life Coaches with eight or more years of coaching experience earned quite a bit more. In fact, experienced Life Coaches in some markets could earn nearly $105,000 in a year. The average Life Coach Salary has worked out to be about $84,400 per year, according to Salary Expert.
The best news: you have a lot of control over your earning potential. You can set your own schedule and determine how many clients you want to take on. Life Coaches can charge anywhere from $200 to $500 per month, depending on how often they meet and the type of service they’re providing—and some Life Coaches who work with high-paying clientele earn even more. These factors all come into play when it comes to determining what kind of income you can earn as a Life Coach.
Awareness of personal coaching is growing and demand is on the rise, though most people have never worked with a Life Coach (or even been offered the opportunity to work with one). Marketdata Enterprises, Inc. found that only 16% of consumers had worked with a Life or Business Coach in 2014…but a recent survey indicates that 60% of people are interested in working with one. That translates into many potential clients for people looking to build their business as a Life Coach—people just like you!
Ready to Get Started and Become a Life Coach?
Want to learn more about how a meaningful career in Life Coaching can help you reach your own professional and financial goals? Click the button below to connect with one of our Clarity Coaches now!