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Appraisers and Assessors of Real Estate Pay Salary

The median annual wage of appraisers and assessors of real estate was $48,500 in May 2010. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $25,920, and the top 10 percent earned more than $90,650.

In May 2010, median annual wages in industries employing the largest numbers of appraisers and assessors were as follows:

Nondepository credit intermediation$62,050
Depository credit iintermediation58,350
State government 52,260
Activities related to real estate49,000
Local government 45,370

Appraisers and assessors of real estate typically work full time during regular business hours. However, self-employed appraisers, often called “independent fee appraisers,” usually work more than a standard 40-hour workweek, including spending their evenings and weekends writing reports.

Earnings for independent-fee appraisers can vary significantly because they are paid fees on the basis of each appraisal.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition