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Although money wasn’t the driving motivation behind your pursuit, paying bills is a reality nobody can avoid. So there’s a lingering question.
How much does a therapist make? And beyond that, how can therapists supplement their salary to make more money?
This post details the salary range of various therapists (including private practice therapists)—and provides four crucial tips to help you start making more money down below.
Therapist Yearly Salaries
*All salaries below are taken from the Bureau of Labor Statistics; they display median pay and reflect the year 2017 unless otherwise stated.
But How Much do Private Practice Therapists Make?
Based on user-submitted data Indeed.com reports that Licensed Professional Counselors earn, on average, $61,232 annually.
But averages only say so much.
If we return to the BLS page for mental health counselors we can see that salaries differ quite depending on state, sector, and years of experience.
Top Paying States for Mental Health Counselors (Mean Wage)
States with the Highest Employment for Therapist: (Mean Wage)
That applies particularly to rural communities that have so far been underserved by the profession.
Wages by Sector for Mental Health Counselors (Mean Wage)
Years of Experience
Job Growth for Therapists
Marriage and Family therapists are expected to grow by 23% between 2016 to 2026.
Meanwhile, Psychologists are growing 14% year-over-year, while School and Career counselors are growing by 13%.
Average job growth from one year to the next (that includes all occupations) is only 5 to 9%.
But Many Variables Affect A Therapist’s Income
Working Part-time vs. Full-time.
Many private practitioners work flexible hours at hourly rates.
Full-time work will typically yield a higher income: promising a workweek between 32 to 40 hours on average. Whereas part-time work falls under 32 hours which on paper has a lower average income; although technique and efficiencies can make up for less hours.
Working at various places.
When therapists are new to private practice, they often supplement their income by working for agencies or schools, while maintaining a part-time position in their private practices.
Some of the “high end/boutique” therapists I work with charge $250/hr. I have one therapist client who charges $450/hr for phone conferences. Plenty of others charge $100-120/hr while seeing between 23-28 clients/week.
Marketing strategy and website.
Having a strong marketing strategy often results in more clients and higher wages. Supplemental online courses and webinars. These allow therapists to continually supplement their income.
A Final Note on Therapist Salaries
Remember, there is no set-in-stone salary. Some therapists make $30,000 a year while others fill their bank account thanks to a six-figure salary. The variations can be extreme. And are dictated by whether or not a therapist works for the government, a hospital or other healthcare facility, or has their own private practice.
How much you make isn’t dependent on data, but on you.
There is a Wide Range of Earning Potential for Therapists
To increase your income you need to begin learning how to successfully market yourself.
By developing a solid marketing strategy—or by hiring a reputable, effective marketing company such as Counseling Wise—your income and practice can grow exponentially.