How Much Do Appraisal Specialists 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 appraisal specialists 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 appraisal specialists 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 appraisal specialists are offering as compensation.
Keep reading to learn more about how much appraisal specialists can expect to make in the United States.
At a Glance: Salary & Jobs for Appraisal Specialists
According to data from 2023, there were about 63,675 positions for appraisal specialists in the United States. In terms of salary, the national median salary for appraisal specialists was reported to be $61,630. Additionally, when examining job demand, employers across the country posted 9,105 job postings related to positions for appraisal specialists.
How Much Money Do Appraisal Specialists Make?
Median salary is just one data point. To build a better understanding of how much money appraisal specialists 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 appraisal specialists.
Annual Salary for Appraisal Specialists
According to the BLS, the lowest earners for appraisal specialists and related professions earned about $36,234 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $116,584 annually.
As mentioned previously, the median salary for appraisal specialists in the United States in 2023 was $61,630.
Annual Salary Range For Appraisal Specialists In 2023
Hourly Salary for Appraisal Specialists
The BLS also breaks down compensation for appraisal specialists by hourly salary, and the median average hourly pay for appraisal specialists in 2023 was $30. Lowest hourly earners took home $17 while the highest reported hourly salaries for appraisal specialists was $56.
Hourly Salary Range For Appraisal Specialists In 2023
Advertised Compensation for Appraisal Specialists
Data from the BLS is one way to dig into compensation for appraisal specialists, 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 appraisal specialists.
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 Appraisal Specialists
Advertised Annual Salary
During a review of 6,906 job postings related to appraisal specialists, advertised salary was included in 3,449 of them, which was 50%. Based on those postings, the median advertised salary for appraisal specialists was $70,016 per year.
Hourly Salary from Job Postings for Appraisal Specialists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for appraisal specialists. Based on 38% of postings with advertised compensation, the median hourly salary for open positions for appraisal specialists in the United States is about $34.
Salary Trend for Appraisal Specialists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for appraisal specialists. 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 appraisal specialists dating back to September 2020, advertised salaries for appraisal specialists have increased 22%.
Advertised Wage Trend For Appraisal Specialists
What's the Job Growth for Appraisal Specialists?
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 appraisal specialists over the next 10 years.
According to the data obtained through Lightcast,™ there were 63,718 jobs for appraisal specialists in the United States in 2023. By 2033, it is expected that about 6,140 jobs will be added. That's a 9.6% increase over the next 10-year period.
Employment Projections For Appraisal Specialists
Additional Links
Ready to dig deeper into career information about appraisal specialists? Visit our other pages focused on salary and education for appraisal specialists.
What do appraisal specialists do?
Appraisal Specialists: How do you become one?
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