As of May 2016, according to the U.S. Bureau of Labor Statistics, architects earn a median annual wage of $76,930 per year ($36.99 per hour).
In this way, how much does an architect make in 2020?
Architect V Salary
|Percentile ||Salary ||Last Updated |
|10th Percentile Architect V Salary ||$91,284 ||May 28, 2020 |
|25th Percentile Architect V Salary ||$102,073 ||May 28, 2020 |
|50th Percentile Architect V Salary ||$113,924 ||May 28, 2020 |
|75th Percentile Architect V Salary ||$125,759 ||May 28, 2020 |
Additionally, what type of architects make the most money?
Mechanical engineers earned the most, an average of $84,060 per year. Marine engineers and naval architects averaged $81,360 per year, and industrial engineers earned an average of $78,550 per year. Materials engineers in ship and boat building reported a somewhat lower average salary, $70,250 per year.
Can an architect be rich?
Technically, at least in the US, architects are "rich." An upper-level manager, a partner or a principal generally make more than about 95-98% of the U.S. It's also sort of the same way how people believe those working in the tech industry or engineering believe them to be well off.
Why are architects paid so little?
The industry has low barriers to entry. Fresh graduates can start an architectural firm and seasoned partners can leave to start their own firms creating high supply and relatively lower demand. Fees are spread over many years while costs of producing drawings are escalating.