As is now my annual tradition, it’s time for me to tell everyone how much money I make!
Why? Well, I find the financial opacity of the freelance world a bit intimidating, and I suspect that some others do, too—particularly those who are interested in freelancing, but haven’t yet jumped in. So I’d like to do my part to lend transparency by laying out my financial picture for all of you. And if you’re interested in more stuff like this, check out the results of the 2020 Cartographic Freelancer Survey.
My business income comes from a few different sources:
I mostly make my living by doing freelance mapping (and an occasional bit of freelance GIS) for clients. This number, like others here, represents my gross earnings, before taking out business expenses, etc.
I also earn money from some other non-mapping freelance work. I do editing and layout for Cartographic Perspectives, and I’ve done some bits of paid writing, other design work, etc. I also got a $2,500 coronavirus relief grant that’s counted here.
So, that works out to a gross business income of $48,654.68. Here’s how that compares to the last several years:
My Income is not Quite a Salary
If you’re only familiar with earning money as a salaried employee, my income might seem higher than it really is. After business expenses, I earned about $46,000 in self-employment income. For my personal tax situation (single, living in WI), my take-home pay would have been similar if I had worked a salaried job (with health insurance, but no other benefits) that earned about $37,000.
This difference is because self-employed people pay a much higher tax rate, and have to cover their own health insurance. This comparison doesn’t figure in any other benefits an employer might offer, like retirement savings contributions. If we count the amount that I should be saving for retirement (but can’t afford to), then the gap is a few thousand dollars larger.
As mentioned above, I earn income from prints of my work. Most of the things in my storefront have never sold more than a few copies. It’s pretty much all income from River Transit maps. But, it doesn’t cost me anything to offer things for sale, so if I can earn $10 from one of the less popular items every once in a while, I might as well take it.
I greatly appreciate the kindness people have shown me over the years through donating to support the unpaid parts of my work. It’s becoming an increasing fraction of my overall income. If you’d like to add your own support, here are some handy buttons:
Finally, I hope all this stuff above offers some useful insight as to one freelancer’s life. I’m sure some others earn more, and some others earn less. I’d encourage others who are comfortable doing so to share their own financial information, to make the picture a little broader.