Video editing has become a lucrative profession in recent years, as the demand for high-quality video content continues to grow. However, the amount of money you can make from video editing depends on several factors, such as your level of experience, the type of projects you work on, and your location. In this article, we will explore how much you can expect to earn as a video editor.
Factors That Determine Video Editing Rates
There are several factors that determine how much you can charge as a video editor. These include:
- Experience: The more experience you have, the higher your rates can be.
- Type of project: Different types of projects require different levels of expertise. For example, editing a feature film or a TV commercial will pay more than editing a social media video.
- Location: Rates can vary based on where you live and work.
- Clients: Clients with bigger budgets will often pay higher rates for quality work.
Average Rates for Video Editing
According to Payscale.com, the average hourly rate for a video editor in the United States is around $24 per hour. However, rates can range from $14 to $61 per hour depending on the factors mentioned above.
Freelance Video Editing Rates
Freelance video editors typically charge by the hour or project. Hourly rates can range from $20 to $150 per hour depending on experience and the type of project. Project rates vary widely depending on the length and complexity of the project.
Some freelance video editors may also charge a day rate. Day rates typically range from $250 to $1000 per day depending on experience.
In-House Video Editing Rates
In-house video editors are typically salaried employees who work for a company. According to Glassdoor.com, the average salary for an in-house video editor in the United States is around $50,000 per year. However, salaries can range from $30,000 to $80,000 per year depending on experience and location.
Video editing can be a rewarding profession both creatively and financially. Rates for video editing vary widely depending on several factors such as experience, type of project, location, and clients. As you gain more experience and build your portfolio, you can expect to command higher rates for your work.