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Subject : Actual Audiologists Salary and Income posted by ed121 on Tue Jun 6, 2006 7:05 am |
| From another forum.....FYI This is a little mind blowing. It says that audiologists are making $150,000 a year. Now if they make $1,500 per hearing aid, that means that they only have to sell "2 HEARING AIDS A WEEK" to make that king of money. Of course there are office expenses to consider. But, $150,000 come on.... And remember, that most of that is from older people on fixed incomes. - - - 2004 Salary Survey of Audiologists Six-Figure Earners For audiologists earning more than $100,000 a year, the average salary was $141,495. The median salary was $265,434. The number of audiologists earning six figures declined this year by seven; their salaries were also about $16,500 less. Years of experience did not seem to account for increased salary with this group. Although the one audiologist with less than five years of experience did earn the least, with $100,000 a year, those working more than 20 years had the second-lowest average salary, at $131,036. However, the fact that an audiologist working less than five years in the field placed in the six-figure range is an improvement over last year, when no new audiologists averaged more than $100,000 in salary earnings.1 Veteran audiologists were not so lucky, however-those reporting this year earned about $17,500 less than last year's respondents. People with 11-15 years of experience earned the most, at $168,100, followed by audiologists practicing 16-20 years, who earned $143,111, and those working six to 10 years, who earned $137,600. These groups all earned substantially more than the 2003 respondents reported. Salary by Job Title The most lucrative job title was that of private practice owner. Audiologists owning their own practices brought home $166,591. Their salaries increased from last year, when the average salary was $154,650. In 2003, private practice owners were edged out by independent contractors as the best paid audiologists by job title.1 For the 2004 survey, employees of otolaryngologists had the second highest salaries, at $140,000 a year. Being an independent contractor also can be financially rewarding-four audiologists holding this title earned an average of $132,250. However, earnings were down from last year, when independent contractors earned an average of more than $158,000 a year.1 Faculty members and managers or directors of rehab also fared well, with salaries of $120,000 and $111,000 respectively. The one faculty member responding to the survey earned more than the one college program director who responded-this person earned $103,000. Rounding out the list of those earning more than $100,000 were employees of private practice audiologists, earning $108,000, and an audiologist on staff at a hospital who earned $105,756. Employees of private practice audiologists earned the same as last year.1 By work setting, audiologists working in otolaryngology offices beat out those in audiology private practices, $171,667 vs. $157,154. Workers in both settings reported salaries much higher than those given last year. One person who reported working for a contract service agency earned $143,000. Salaries correlated to other settings as follows: industry, $116,667; academia, $113,500; nonprofit agencies, $110,800; rehab hospitals, $110,000; acute care hospitals, $102,919. Salary by Job Responsibility By job responsibility, those earning more than $100,000 primarily dispense amplification products-20 people indicated this duty when filling out the survey. This group earned an average of $152,550. Only people performing balance or vestibular duties earned more, with an average of $271,500. Salaries for dispensers earning six-figure salaries increased substantially, by $15,500. Ten administrators responded, with an average annual salary of $143,900. They, too, earned substantially more than administrators reported last year, to the tune of $15,900 more.1 Those diagnosing hearing loss and rehabilitating patients had fairly similar salaries-people who primarily handled diagnostic tasks at work earned $118,973, while those providing rehab services netted $110,000 on average. Audiologists who primarily work with diagnosing hearing loss earned substantially more than last year, while those providing rehabilitation services earned much less, according to the 2004 survey.1 Industrial audiologists ($100,000) and university teachers and researchers ($101,500) were even closer in earnings for this year's report. Surprisingly, the number of hours worked per week did not have a big impact on salary. People working more than 35 hours a week earned $141,599, compared to the average $140,000 earned by part-time workers. Full-time audiologists completing the survey for 2004 earned about $9,500 less than respondents last year, closing the gap between these workers from $25,100 in 2003 to about $1,600 this year.1 Like audiologists earning less than $100,000 a year, those working less than 35 hours a week saw their salaries increase, while those working more than 35 hours a week saw their salaries decrease.1 Salary by Region The largest number of people earning more than $100,000 a year could be found on the East Coast-10 in the Southeast, and 10 in the Northeast. Audiologists in northeastern states earned more than their counterparts farther south, netting $148,000, compared to $125,400. Though the largest number of high-earning professionals was in the East, the richest professionals could be found in the West. Audiologists in the Midwest earned the most, at $169,333, while those in the Pacific region earned $158,939. The remaining average salaries by region were $146,375 for audiologists in the Northcentral region, and $119,000 for audiologists in the Southcentral region. These numbers reflect shifts in location for six-figure audiologists-last year, the highest-earning audiologists were in the Southeast, followed by the Northcentral, Midwest, Pacific, Northeast, and Southcentral regions.1 By geographic setting, suburban audiologists earned the most, averaging $149,984. Audiologists in metropolitan areas earned an average of $138,227, while those in rural settings earned $135,333. Similar to regional data, data on geographic setting changed from last year, when rural audiologists earned the most, followed by metropolitan and suburban audiologists.1 Though men still earned more than women, salaries of high-earning men and women were much closer than for their counterparts earning less than $100,000 a year. Twenty-nine men averaged $142,336, while 17 women had an average salary of $140,058, for a difference of less than $2,300. Both men and women in this group earned more than their counterparts last year.1 |
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