How Much Do Private Practice Therapists Make Per Year The dream of private practice for many counselors therapists and psychologists is primarily driven by two things freedom and money This often means earning at least a 100 000 therapy private practice salary or more Therapists want more freedom and money than typical mental health jobs allow for Jobs like non profits agencies
Curious what a private practice therapy salary looks like My guide has all the details plus tips on how to maximize your income How much do private practice therapists make on average In 2023 60 of therapists in private practice earned between 25 000 and 100 000 net income Just under 30 of therapists earned less than 25 000 and the remaining earned 100 000 or more
How Much Do Private Practice Therapists Make Per Year
How Much Do Private Practice Therapists Make Per Year
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Learn how much private practice therapists make Explore earnings specialization benefits and financial strategies for therapists The estimated total pay for a Private Practice Therapist is 121 045 per year with an average salary of 103 722 per year These numbers represent the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users The estimated additional pay is 17 324 per year
Follow the money Therapist pay in private practice Private practice therapist pay is rarely based on a salary Instead there is a series of steps for determining psychotherapist pay Firstly every private practice sells a service usually psychotherapy or psych testing And then they collect payment for the sale of that service Part Time Therapists make on average 31 650 per year Full Time Therapists make on average 66 700 per year W 2 Therapists make on average 48 900 per year 1099 Independent Contract Therapists make on average 62 100 As expected the amount of years a therapist has worked at a practice matters too
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How much do private practice therapists make per hour Hourly fees differ based on where your practice is based as well as your clientele s demographics Normally 35 sessions per week is sufficient for a full time therapist If your sessions are 45 minutes each that s a total of 26 25 working hours per week To determine your session fee simply work backwards from your goal revenue How A Private Practice Therapist in your area makes on average 1 916 per week or 57 30 434 more than the national average weekly salary of 1 859 ranks number 1 out of 50 states nationwide for Private Practice Therapist salaries
Let s look at the math of having a 6 figure practice if it s doable in private practice and also examine private practice therapist salaries Read this blog to learn all about what kind of salary you need to support yourself in private practice For many working as a fulltime therapist is financially untenable Consider this the average cost of a 1500 square foot home in Cambridge exceeds a million dollars And while Cambridge can be considered an expensive city the math isn t too dissimilar in other cities across the country For example A 1500 square foot home in Bethesda MD will run 685 500 The average counselor salary
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How Much Do Private Practice Therapists Make Per Year - Part Time Therapists make on average 31 650 per year Full Time Therapists make on average 66 700 per year W 2 Therapists make on average 48 900 per year 1099 Independent Contract Therapists make on average 62 100 As expected the amount of years a therapist has worked at a practice matters too