Data Scientist Salaries

How much do data scientists earn?

Data scientists make a lot of money compared to other jobs. In 2022, the median salary for data scientists in the US was about $103,500 per year. That's more than double the typical salary for all workers, which was around $46,310.

Different websites show slightly different average salaries for data scientists:

  • US Bureau of Labor Statistics: $103,500
  • Glassdoor: $117,664
  • Indeed: $124,758
  • Zippia: $106,104
  • Payscale: $99,344

How much you make as a data scientist can depend on a few things:

1. Experience: 

The more years you've worked as a data scientist, the more money you can make. For example:

  • 0-1 years: Around $96,986
  • 1-3 years: Around $108,197
  • 4-6 years: Around $118,101
  • 7-9 years: Around $124,037
  • 10-14 years: Around $131,327
  • 15+ years: Around $140,079

2. Location:

Where you work can affect your salary. For instance, in cities like Los Angeles or New York, data scientists tend to earn more than in other places.

  • Los Angeles, CA: $142,826
  • Boston, MA: $129,770
  • Houston, TX: $117,851
  • Chicago, II: $118,398
  • Washington, DC: $123,311
  • New York, NY: $127,841
  • Philadelphia, PA: $110,645
  • St. Louis, MO: $107,777
  • Columbus, OH: $111,044
  • Minneapolis, MN: $104,707

3. Industry:

The type of industry you work in matters too. Industries like Information Technology or Financial Services usually pay data scientists more.

  • Information Technology: $128,037
  • Retail & Wholesale: $117,664
  • Real Estate: $115,165
  • Financial Services: $115,657
  • Media & Communications: $117,664

4. Education: 

Having a higher education level often leads to higher salaries. Many data scientists have at least a bachelor's degree, but some have master's or even doctoral degrees.

The job outlook for data scientists is really good. The number of data scientist jobs is expected to increase by 35% from 2022 to 2032, creating lots of new job opportunities.

If you want to earn more as a data scientist, consider getting a higher degree in data science or a related field. More education can lead to better-paying positions, especially senior roles that might require a master's or even a PhD.


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