How Much Do Licensed Therapists Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary licensed therapists make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for licensed therapists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of licensed therapists are offering as compensation.
Keep reading to learn more about how much licensed therapists can expect to make in the United States.
At a Glance: Salary & Jobs for Licensed Therapists
According to data from 2023, there were about 70,041 positions for licensed therapists in the United States. In terms of salary, the national median salary for licensed therapists was reported to be $58,510. Additionally, when examining job demand, employers across the country posted 156,462 job postings related to positions for licensed therapists.
How Much Money Do Licensed Therapists Make?
Median salary is just one data point. To build a better understanding of how much money licensed therapists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for licensed therapists.
Annual Salary for Licensed Therapists
According to the BLS, the lowest earners for licensed therapists and related professions earned about $39,083 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $104,707 annually.
As mentioned previously, the median salary for licensed therapists in the United States in 2023 was $58,510.
Annual Salary Range For Licensed Therapists In 2023
Hourly Salary for Licensed Therapists
The BLS also breaks down compensation for licensed therapists by hourly salary, and the median average hourly pay for licensed therapists in 2023 was $28. Lowest hourly earners took home $19 while the highest reported hourly salaries for licensed therapists was $50.
Hourly Salary Range For Licensed Therapists In 2023
Top Online College For Working Adults
Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.
Degree Options for Licensed Therapists
Leverage advances in positive psychology and executive coaching to impact the development of individuals, teams, and communities.
- Class Type: 100% online
- Cost Per Credit: $398
Advertised Compensation for Licensed Therapists
Data from the BLS is one way to dig into compensation for licensed therapists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for licensed therapists.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Licensed Therapists
Advertised Annual Salary
During a review of 46,798 job postings related to licensed therapists, advertised salary was included in 23,516 of them, which was 50%. Based on those postings, the median advertised salary for licensed therapists was $73,600 per year.
Hourly Salary from Job Postings for Licensed Therapists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for licensed therapists. Based on 15% of postings with advertised compensation, the median hourly salary for open positions for licensed therapists in the United States is about $35.
Salary Trend for Licensed Therapists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for licensed therapists. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for licensed therapists dating back to September 2020, advertised salaries for licensed therapists have increased 35%.
Advertised Wage Trend For Licensed Therapists
What's the Job Growth for Licensed Therapists?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for licensed therapists over the next 10 years.
According to the data obtained through Lightcast,™ there were 70,003 jobs for licensed therapists in the United States in 2023. By 2033, it is expected that about 13,879 jobs will be added. That's a 19.8% increase over the next 10-year period.
Employment Projections For Licensed Therapists
Additional Links
Ready to dig deeper into career information about licensed therapists? Visit our other pages focused on salary and education for licensed therapists.
What do licensed therapists do?
Licensed Therapists: How do you become one?
All Occupations
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.