Interior designers play a very important role in the appearance of both homes and businesses. They are responsible for taking into account a client’s wants and needs and turning them into a reality. But how much do they really make? And how do their earnings compare to other design professionals?
In this article, we will take a look at the average interior designer salary, compare it to the highest salaries in the field, and explore some of the factors that determine how much an interior designer can make. We will also look at how much revenue interior design companies can bring in.
Average Interior Designer Salary
The average salary for an interior designer is $54,216 per year. However, there is a wide range of salaries for interior designers, depending on experience, education, and location.
The lowest 10% of earners make less than $30,,000 per year, while the highest 10% make $99,000+ per year. According to the U.S. Bureau of Labor Statistics, the median salary for an interior designer is $60,,340 per year or $29.01 per hour.
Highest Interior Designer Salary
There are a number of factors that can impact how much an interior designer can earn. Some of the most important include experience, education, and location.
Interior designers with more experience tend to earn more. Designers with 20 or more years of experience can have six figure incomes. Additionally, those who have a certified degree in interior design tend to earn more than those who do not.
Location is another important factor that can impact an interior designer’s salary. Designers who work in major metropolitan areas will often earn more than those who work in smaller cities or towns. This is due to both the higher cost of living and the increased demand for interior designers.
Factors that Determine Interior Design Salary
In addition to experience, education, and location, there are a number of other factors that can impact an interior designer’s salary. These include the type of employer, the size of the company, and the company’s revenue.
Type of Employer. Interior designers can work for a variety of different employers, including architectural firms, design firms, and home improvement stores. Those who work for design firms tend to earn the highest salaries, followed by interior designers who work for architectural firms. Home improvement stores typically offer the lowest salaries.
Size of Company. The size of the company is another important factor that can impact an interior designer’s salary. Smaller companies often offer lower salaries than larger companies. This is due to the fact that larger companies have more resources and can afford to pay more.
Company Revenue. The revenue of the company is also a significant factor in determining an interior designer’s salary. Companies that generate more revenue can afford to pay higher salaries than those that generate less revenue.
Revenue for Interior Design Companies
Interior design companies can generate a significant amount of revenue. The size of the company and the location are two of the most important factors that impact revenue.
Smaller companies typically generate less than $1 million in revenue, while larger companies can generate more than $10 million in revenue. Companies located in major metropolitan areas will often generate more revenue than those located in smaller cities or towns.
If you’re an entrepreneur who plans to open an interior design company, you need this information. You might run a one-person operation or you might hire a staff of interior designers. Therefore, it’s essential to understand how much revenue your company can generate and how much you can expect to pay your employees.
Conclusion
In this article, we took a look at the average interior designer salary, compared it to that of the highest-paid interior designers, and delved into the factors that can impact an interior designer’s salary. We also looked at how much revenue interior design companies can bring in.
Overall, we found that interior designers can make a very good living. The outlook for interior design is stable. Therefore, it’s possible to start a profitable venture.