Once you establish yourself and build a solid clientele, you may be able to earn six figures as a barber. Your success, though, will likely depend on how in demand you are, how willing you are to travel or work long hours, the clientele you cater to, and if you own your own shop.
Barbering can provide a comfortable lifestyle. You can work when you want, you can take off when you want. You can build a work-life that allows you to maximize time with family, hobbies, etc. Yeah, you have to handle your own taxes and health insurance but you can be happy and that's priceless.
Hairdresser's life
Barbers are ordinary people, with an average life expectancy of 80 years. Barber refers to the experience of learning skills from a teacher, following the master to study hard to be recognized by the master, starting a teacher.
Barbers: The average salary for barbers in the US can range from around $30000 to $50000 per year, with some experienced barbers in high-demand areas making significantly more, especially if they work in upscale salons or have a strong client base.
Job Satisfaction: If a stylist or barber feels unfulfilled or dissatisfied with their work, whether due to creative limitations or lack of client engagement, they may consider leaving the profession. Income Instability: Many hairstylists and barbers work on commission or rely on tips.
In a rapidly changing world where industries rise and fall, barbering and cosmetology remain among the most stable and rewarding career paths. While automation and technology disrupt many professions, the personal touch of grooming, hairstyling, and beauty services can't be replaced by machines.
What is your time worth? Think about it less as charging per haircut and more charging for your time and specialties. To reach $100k working a standard 40-hour work week, you will need to be making $50 per hour. If you are charging $25 per haircut, that means you need to be doing two haircuts every hour.
For individuals who care about personal grooming and are looking for a workplace with a strong social side, working behind the chair of a barber shop business can be a rewarding way to make a living. In 2021, the average barber salary is $35,700 per year.
Meeting client expectations can be mentally and physically draining, especially when faced with demanding or difficult customers. This constant pressure can make it challenging to disconnect from work once they leave the shop.
The list goes on, but believe us when we say it is very achievable for a barber or stylist to earn a 6-figure income. First let's talk about some basics—yes, the basics of things we do every single day. If you aren't doing them with every single person, it may impact your financial freedom.
If you're looking for a career to suit your life — why not become a barber? Barbers make good money, often get to run their own shops, and learn specialized skills that cannot be replaced.
Barbering is a physically demanding profession. Standing for long hours, repetitive motion, and using scissors and clippers can take a toll on your body over time. It's important to take care of your physical health by practicing ergonomic techniques, stretching regularly, and maintaining good posture.
If you're a self-employed salon owner or independent contractor, you probably should make estimated tax payments using Form 1040-ES to cover your income and self-employment taxes. Hair salons and barbershops have a long list of deductions that they may qualify for to help lower their federal income tax burden.
After all, people will always need haircuts, and there's a lot of money to be made in this industry. However, it's also important to keep in mind that competition is fierce, and it can be very challenging to make a good living as a barber without putting the effort in.
But barber salaries can range from about $17,500 to more than $86,000.
The average life expectancy of a barber is 80 years.
The challenge is often in mastering the technical skills required for precise and stylish haircuts. This calls for practice, patience, and a genuine passion for the craft. As with any skill, repetition and perseverance are needed to become proficient.
Running a barbershop can be a profitable venture, no doubt. It's all about the hustle. You've got to offer top-notch services, manage costs effectively, and market your business well. The revenue comes not just from haircuts and shaves but also from selling grooming products.
Job Outlook
Overall employment of barbers, hairstylists, and cosmetologists is projected to grow 7 percent from 2023 to 2033, faster than the average for all occupations. About 89,100 openings for barbers, hairstylists, and cosmetologists are projected each year, on average, over the decade.