If you are considering becoming a jeweler, you might be wondering how you can maximize your chances of finding a job and/or your income. Although a number of factors affect your work, the industry in which you are employed and the region in which you work can affect the number of jobs available, how likely you are to meet other jewelers, and your wages.
Jewelers make an average of $38,840 a year, which is the equivalent of $18.67 an hour for a full-time worker. There is, however, a range of salaries, and those in the lowest 10% of wage earners only make $9.42 an hour, or $19,600 annually. On the other and, the top 10% of earners make over $29.78 an hour, or $61,940 a year. There are a number of factors that can affect how much money you make, such as your experience level, your training, and how popular your jewelry is. In addition to these factors, how much money you will make also has to do with in what industry you work. You will make the most money if you work for a scientific or technical service, where the average salary is $64,210 a year. Other high-paying industries include jewelry stores, personal goods repair and maintenance, and goods merchant wholesalers. You will also make higher-than-average income if you work in the management of companies and enterprises. People who work in any of these industries as jewelers make over $34,940, on average. The most popular industry, and the one in which you are most likely to work, is jewelry retailing. If you work in a jewelry store you will average about $42,760 a year. Other common industries include miscellaneous manufacturing, goods merchant wholesalers, personal goods repair and maintenance, and specialized design service.
The states that employ the most jewelers are New York, California, Texas, Florida, and Massachusetts. The cities that employ the most are New York, Los Angeles, Providence (Rhode Island), Chicago, Houston, Dallas, Boston, Atlanta, San Francisco, and Cincinnati. You might notice that many of these cities and states have high overall populations. This is most likely the reason that there are so many jewelers employed in each of these states – because they employ a lot of people in all occupations. It is more helpful to look at the location quotient of jewelers in different areas, which refers to the concentration of people in the occupation. The states with the highest location quotient of jewelers are Rhode Island, New Mexico, Hawaii, New York, and Montana. The cities that make this list are Providence, Rhode Island; Rapid City, South Dakota; Albuquerque, New Mexico; Barnstable Town, Massachusetts; Lexington, Kentucky; New York, New York; Honolulu, Hawaii; Naples; Florida; Myrtle Beach, South Carolina; and Fort Lauderdale, Florida. It might be easier to find a job or to meet other jewelers in regions with high location quotients. And just like industry, geography can also affect your income. You will make the most money if you work in New Jersey, Connecticut, Massachusetts, South Carolina, or Pennsylvania. As far as cities go, you will earn higher-than-average income in Scranton, Pennsylvania; Edison, New Jersey; Lancaster, Pennsylvania; Buffalo, New York; Minneapolis, Minnesota; Newark, New Jersey; Barnstable Town, Massachusetts; Santa Ana, California; Boston, Massachusetts; and Bridgeport, Connecticut.