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Business Owner salary
Average business owner salary
$50,934
How much does a business owner make?
The average business owner salary in the United States is $50,934. Business owner salaries typically range between $27,000 and $94,000 yearly. The average hourly rate for business owners is $24.49 per hour.
Business owner salary is impacted by location, education, and experience. Business owners earn the highest average salary in Washington.
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Where can a Business Owner earn more?
Business Owner Salaries By Experience Level
Experience Level  | Avg. Salary | Hourly Rate |
|---|---|---|
| Entry-level business owner | $21,000 | $10.09 |
| Mid-level business owner | $32,400 | $15.58 |
| Senior-level business owner | $58,700 | $28.24 |
Business Owner salary estimates from across the web
Average business owner salary by state
Highest paying states for business owners
| Rank | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | Washington | $120,339 | $57.86 |
| 2 | Pennsylvania | $92,646 | $44.54 |
| 3 | Wisconsin | $91,688 | $44.08 |
| 4 | Rhode Island | $97,770 | $47.00 |
| 5 | Minnesota | $88,999 | $42.79 |
| 6 | New York | $109,284 | $52.54 |
| 7 | Oregon | $92,421 | $44.43 |
| 8 | Colorado | $97,650 | $46.95 |
| 9 | New Jersey | $110,331 | $53.04 |
| 10 | Michigan | $82,706 | $39.76 |
| 11 | South Dakota | $94,551 | $45.46 |
| 12 | Connecticut | $99,694 | $47.93 |
| 13 | California | $102,886 | $49.46 |
| 14 | Delaware | $96,002 | $46.15 |
| 15 | District of Columbia | $100,871 | $48.50 |
| 16 | Virginia | $83,950 | $40.36 |
| 17 | Wyoming | $74,104 | $35.63 |
| 18 | Ohio | $77,448 | $37.23 |
| 19 | New Hampshire | $86,006 | $41.35 |
| 20 | Nevada | $81,892 | $39.37 |
| 21 | Maryland | $87,549 | $42.09 |
| 22 | Illinois | $82,107 | $39.47 |
| 23 | Montana | $79,535 | $38.24 |
| 24 | New Mexico | $66,190 | $31.82 |
| 25 | Maine | $77,525 | $37.27 |
| 26 | Utah | $71,018 | $34.14 |
| 27 | Massachusetts | $86,852 | $41.76 |
| 28 | Indiana | $67,811 | $32.60 |
| 29 | West Virginia | $58,739 | $28.24 |
| 30 | North Carolina | $61,219 | $29.43 |
| 31 | North Dakota | $75,903 | $36.49 |
| 32 | Arizona | $74,532 | $35.83 |
| 33 | Alaska | $75,597 | $36.34 |
| 34 | Vermont | $67,008 | $32.22 |
| 35 | Kansas | $59,837 | $28.77 |
| 36 | Tennessee | $54,976 | $26.43 |
| 37 | Texas | $60,144 | $28.92 |
| 38 | Idaho | $73,981 | $35.57 |
| 39 | Nebraska | $69,255 | $33.30 |
| 40 | Missouri | $60,703 | $29.18 |
| 41 | Iowa | $68,210 | $32.79 |
| 42 | Oklahoma | $55,202 | $26.54 |
| 43 | South Carolina | $48,507 | $23.32 |
| 44 | Louisiana | $53,597 | $25.77 |
| 45 | Arkansas | $46,965 | $22.58 |
| 46 | Kentucky | $50,471 | $24.26 |
| 47 | Alabama | $53,328 | $25.64 |
| 48 | Georgia | $50,596 | $24.32 |
| 49 | Mississippi | $40,281 | $19.37 |
| 50 | Hawaii | $53,573 | $25.76 |
| 51 | Florida | $42,325 | $20.35 |
Highest paying cities for business owners
The highest-paying cities for business owners are Seattle, WA, San Francisco, CA, and New York, NY.
| Rank | City | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | Seattle, WA | $121,623 | $58.47 |
| 2 | San Francisco, CA | $118,219 | $56.84 |
| 3 | New York, NY | $109,314 | $52.55 |
| 4 | Denver, CO | $98,067 | $47.15 |
| 5 | Wilmington, DE | $97,010 | $46.64 |
| 6 | Sioux Falls, SD | $93,945 | $45.17 |
| 7 | Philadelphia, PA | $93,032 | $44.73 |
| 8 | Milwaukee, WI | $91,664 | $44.07 |
| 9 | Baltimore, MD | $88,402 | $42.50 |
| 10 | Framingham, MA | $87,006 | $41.83 |
| 11 | Richmond, VA | $83,705 | $40.24 |
| 12 | Chicago, IL | $82,982 | $39.90 |
| 13 | Kalamazoo, MI | $79,963 | $38.44 |
| 14 | Phoenix, AZ | $75,229 | $36.17 |
| 15 | Columbus, OH | $74,487 | $35.81 |
| 16 | Cheyenne, WY | $70,794 | $34.04 |
| 17 | Columbia, MO | $61,331 | $29.49 |
| 18 | San Antonio, TX | $59,711 | $28.71 |
| 19 | Charlotte, NC | $58,322 | $28.04 |
| 20 | Evansville, IN | $58,230 | $28.00 |
Business Owners are the most in-demand in these five cities:
Business Owner salary details
A business owner's salary ranges from $27,000 a year at the 10th percentile to $94,000 at the 90th percentile.
What is a business owner's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $94,000 | $7,833 | $45 |
| 75th Percentile | $70,000 | $5,833 | $34 |
| Average | $50,934 | $4,245 | $24 |
| 25th Percentile | $36,000 | $3,000 | $17 |
| 10th Percentile | $27,000 | $2,250 | $13 |
Highest paying business owner jobs
The highest paying types of business owners are owner/operator, managing partner, and senior business manager.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| General Manager/Partner | $85,061 | $7,088 | $40.89 | 279,155 |
| Entrepreneur | $70,849 | $5,904 | $34.06 | 34,711 |
| Co-Owner/Operator | $32,256 | $2,688 | $15.51 | 95,615 |
| Manager/Partner | $95,382 | $7,948 | $45.86 | 355,212 |
| Owner/Operator | $167,288 | $13,941 | $80.43 | 119,599 |
| Managing Partner | $147,401 | $12,283 | $70.87 | 66,916 |
Top companies hiring business owners now:
Which companies pay business owners the most?
Business owner salaries at BD and Sanofi US are the highest-paying according to our most recent salary estimates. In addition, the average business owner salary at companies like FUJIFILM Diosynth Biotechnologies and Gillette are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | BD | $131,207 | $63.08 |
| 2 | Sanofi US | $128,568 | $61.81 |
| 3 | FUJIFILM Diosynth Biotechnologies | $126,429 | $60.78 |
| 4 | Gillette | $114,775 | $55.18 |
| 5 | FUJIFILM Medical Systems USA | $111,785 | $53.74 |
| 6 | Arkema | $111,400 | $53.56 |
| 7 | Catholic Relief Services | $107,558 | $51.71 |
| 8 | Mead Johnson & Company LLC | $106,115 | $51.02 |
| 9 | Gilead Sciences | $100,286 | $48.21 |
| 10 | Analog Devices | $97,037 | $46.65 |
| 11 | Newmont | $95,523 | $45.92 |
| 12 | Johnson & Johnson | $95,467 | $45.90 |
| 13 | ABB | $95,377 | $45.85 |
| 14 | Avalara | $92,809 | $44.62 |
| 15 | Moderna | $89,137 | $42.85 |
| 16 | HCSC | $89,087 | $42.83 |
| 17 | USAA | $88,282 | $42.44 |
| 18 | Molson Coors | $87,944 | $42.28 |
| 19 | Allstate | $83,622 | $40.20 |
| 20 | Eaton | $83,493 | $40.14 |
Wage gap by gender, race and education
Business Owner salary trends
The average business owner salary has risen by $4,177 over the last ten years. In 2014, the average business owner earned $46,757 annually, but today, they earn $50,934 a year. That works out to a 4% change in pay for business owners over the last decade.
Compare business owner salaries for cities or states with the national average over time.
Average business owner salary over time
Compare business owner salaries for individual cities or states with the national average.
- National Average
- Columbus, OH
Business Owner salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $50,900 | $24.49 | +2.8% |
| 2024 | $49,500 | $23.81 | -0.1% |
| 2023 | $49,600 | $23.84 | +0.5% |
| 2022 | $49,300 | $23.72 | +1.1% |
| 2021 | $48,800 | $23.46 | +1.6% |
Recently added business owner salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| TD Bank | Director, Business Capability Owner-Payments | New York, NY | 12/16/2024 | $150,000 |
| Pfroutes | Independent Distributors/Business Owner | Huntsville, AL | 12/15/2024 | $105,000 |
| Pfroutes | Independent Distributors/Business Owner | Montville, CT | 12/11/2024 | $170,000 |
| Pfroutes | Independent Distributors/Business Owner | Boston, MA | 12/11/2024 | $180,000 |
| Pfroutes | Independent Distributors/Business Owner | Minneapolis, MN | 12/11/2024 | $165,000 |
| Pfroutes | Independent Distributors/Business Owner | Hanover, NH | 12/10/2024 | $160,000 |
| Bosch USA | Business Owner, Access Control | Fairport, NY | 12/01/2024 | $130,000 |
| Lactalis | Supply Chain Business Process Owner | Buffalo, NY | 11/25/2024 | $100,000 |
| Get It Recruit-Hospitality | Travel Business Owner-Remote | WFH | San Diego, CA | 10/26/2024 | $60,000 |
| Pfroutes | Independent Distributors/Business Owner | Fountain Hills, AZ | 10/25/2024 | $113,443 |
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