Saturday
November 21, 2009
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| Are you making what you're worth? Take a look at our Salary Ticker for live results! |
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| Age |
Contractor Rate |
Converted to
Yearly Income* |
Full Time Salary
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| 60-65 |
$64.44
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$123,725
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$81,000 |
| 55-59 |
$66.69
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$128,045
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$67,000 |
| 50-54 |
$66.38
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$127,450
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$69,000 |
| 45-49 |
$61.67
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$118,406
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$67,000 |
| 40-44 |
$51.46
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$98,803
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$61,000 |
| 35-39 |
$52.71
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$101,203
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$62,000 |
| 30-34 |
$47.35
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$90,912
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$57,000 |
| 25-29 |
$29.19
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$56,045
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$51,000 |
| 21-24 |
$23.71
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$45,523
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$44,000 |
| 18-20 |
$17.04
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$32,717
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$38,000 |
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In this survey, earning power for contractors peaks at ages 55
to 59, with a rate of $66.69, just barely topping the 50-to-54 age
group, with an average rate of $66.38. Full time employees top out
at ages 60 to 65, with an average salary of $81,000.
Across all age groups, however, the IT field continues to be rather lucrative, with workers in their early twenties pulling in sizeable starting salaries.
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| *To compare contractor rate with salary, we multiplied the hourly rate by 1,920 hours, assuming a 40-hour work week, two weeks of vacation and 10 holidays. |
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