Life Coach Salary
How Much Can a Life Coach Make?
If you want to boost your earning potential, one of the best ways to do so is to become certified as a life coach through the International Coach Federation (ICF).
This shows that you’re qualified in the eyes of an internationally recognized association. On top of this, your experience and the number of clients you work with can also greatly boost your earning potential.
How Do Life Coach Salaries Compare?
|Natural Health Career||Median Annual Salary*|
|Mental Health Counselors||$44,630|
|Marriage and Family Therapists||$50,090|
Source: U.S. Bureau of Labor Statistics Occupational Outlook Handbook, Mental Health Counselors; Marriage and Family Therapists; Rehabilitation Counselors; Social Workers.
*The salary information listed is based on a national average, unless noted. Actual salaries may vary greatly based on specialization within the field, location, years of experience and a variety of other factors. National long-term projections of employment growth may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth.
Is There Demand for This Career?
The demand for life coaches has grown in recent years. Today, mental health issues and individual well-being are actively addressed, and many people seek creative ways to deal with life’s challenges.
People look to life coaches as a way to be proactive about bettering themselves. Society places a huge value on self-improvement, and because of this, the demand for life coaches is likely to grow.
Employment of life coaches (classified by the BLS as Social and Human Service Assistants) is expected to grow by 13% through 2028; comparatively, other occupations are predicted to grow by 5%, making growth for life coach jobs faster than average.
Like any career field, it’s important to be aware that national long-term projections of employment growth may not reflect local and/or short-term economic or job conditions.
How Much Competition Will I Face for a Job?
If you launch your own life coaching business without much experience, you’ll likely find yourself competing against life coaches who have strong client bases and established reputations. If you work in a city or town where life coaches are few and far between, you may have better luck cultivating clients.
Starting in an agency setting or other type of facility is one way to get your foot in the door. You’ll have a chance to build a client base and learn from others in your field.
Even if you choose to work for an employer, you will be up against other candidates in the application process. Having ICF certification can help give you the extra edge.
What Kind of Institutions Hire Life Coaches?
As a life coach, you might work in vocational counseling centers, family services or rehabilitation centers.
Some life coaches work in nursing care facilities, where they can advise elderly patients on emotional issues like aging, and also on tangible issues, like how to square away finances. You can also take the self-employed route, owning or co-owning your own life coaching service.
How Do I Advance in My life Coach Career?
Gaining experience is a tried-and-true method for advancing in any career. The more clients you can cultivate and help blossom, the better your opportunities and earnings will be.
Another important way to advance your career is to become a certified life coach through the ICF.
While your life coach certificate is all you need to practice, the certification will be crucial for boosting your earnings and hiring potential.