How Much Do News Anchors Make?

How much do news anchors make? This is a question that is often asked. We have the answer.

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News Anchor Salaries by Market Size

The salary of a news anchor varies based on the size of the market they are in. The larger the market, the higher the salary. For example, a news anchor in a small market might make $30,000 a year, while a news anchor in a large market might make $500,000 a year.

Small Market

The average salary for a news anchor in a small market is $23,000 a year, according to the Bureau of Labor Statistics. This is the lowest salary of all the markets size categories. News anchors in small markets typically have less experience than those in larger markets.

Medium Market

Salaries of news anchors in medium market television stations range from $30,000 to $50,000 annually, with the average salary being $43,640 a year, according to the Bureau of Labor Statistics.

Large Market

The average salary for a news anchor in a large market is $105,000 per year. Salaries for news anchors in large markets range from $75,000 to $120,000.

News Anchor Salaries by Network

If you’re thinking about becoming a news anchor, you’re probably wondering how much they make. News anchor salaries can vary depending on the network, so let’s take a look at the salaries for some of the biggest networks.

Local News

The average salary for a news anchor is $38,647, with a range between $14,000 for a small-market station to $215,000 for a major-market station. Local news anchors typically fall on the lower end of this range. The top 10% of news anchors in major markets bring in an average salary of $83,310 per year.

National News

The median salary for national news anchors is $44,647 per year as of May 2016, with a range from $18,000 to $95,000 annually. The top 10 percent of news anchors earned more than $95,000 that year, while the bottom 10 percent earned less than $18,000.

The median salary for those working in local news is $41,262 per year as of May 2016. News anchors in the top 10 percent of earners bring in more than $83,780 annually, while those working in the bottom 10 percent earn an annual salary of less than $19,860.

Salaries for newsmagazine show hosts follow a similar trend. Those working in national news earn a median income of $45,176 per year as of May 2016 while those working in local news earn a median annual salary of $40,735. The top earners in this field make more than $93,438 annually while the bottom 10 percent make less than $21,298 every year.

News Anchor Salaries by Experience

News anchors make a lot of money. The median salary for a news anchor is $60,000, but experienced news anchors can make upwards of $100,000. So, how much do news anchors make? It depends on their experience.

Entry-Level

The average salary for an entry-level news anchor is $30,000 a year. Salaries start at $24,000 a year and go up to $36,000 a year. The average salary for a mid-level news anchor is $40,000 a year. Salaries start at $30,000 a year and go up to $60,000 a year. The average salary for an experienced news anchor is $50,000 a year. Salaries start at $40,000 a year and go up to $70,000 a year.

Mid-Career

News anchors who have been in the business for a while typically earn salaries in the mid- to high five figures. Those with more than 10 years of experience can expect to make six figures. The top news anchors earn salaries of $1 million or more per year.

Experienced

News anchors with a lot of experience can make some pretty good money. The median salary for an experienced news anchor is $75,000 per year, with the top 10% making upwards of $118,000 per year. Of course, salaries vary depending on location and market size, so anchors in larger markets will typically make more than those in smaller markets. Other factors that can affect news anchor salaries include the specific station they work for and whether or not they have a union contract.

News Anchor Salaries by Gender

In 2018, the median salary for a news anchor was $84,310 per year, according to the U.S. Bureau of Labor Statistics. News anchor salaries vary depending on experience, market size, and other factors. For example, anchors in large markets such as New York or Los Angeles tend to make more than those in smaller markets.

Male

News anchors play a significant role in the broadcast news industry. They are the public face of the network or station, and their salaries reflect their importance.

While there is no shortage of news programs and channels vying for viewers, there is still a gender gap in salaries among news anchors. In general, male news anchors earn more than their female counterparts.

The highest-paid news anchor is currently Sean Hannity of Fox News, who earns an annual salary of $29 million. The second-highest-paid news anchor is MSNBC’s Rachel Maddow, who earns $7 million per year.

Female

According to a study by the Womens Media Center, female news anchors make an average of $11,000 less per year than their male counterparts. The study found that the median salary for female news anchors was $58,000, while the median salary for male news anchors was $69,000.

The study also found that women of color face an even larger wage gap, with African American women earning an average of $23,000 less per year than white men, and Latinas earning an average of $26,000 less per year.

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