Benchmark Salary Information
Rankings for Waco
Compared to Texas
Waco School Psychologists earn an average of $66,100 or $31.78 per hour which is 7% less than the Texas average salary of $71,080.
| Average | Waco | Texas | % Difference |
|---|---|---|---|
| Hourly Wage | $31.78 | $34.17 | -6.99% |
| Annual Salary | $66,100 | $71,080 | -7.01% |
Compared to the U.S.
Waco School Psychologists earn an average of $66,100 or $31.78 per hour which is 20% less than the U.S. average salary of $82,770.
| Average | Waco | U.S. | % |
|---|---|---|---|
| Hourly Wage | $31.78 | $39.80 | -20.15% |
| Annual Salary | $66,100 | $82,770 | -20.14% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, School Psychologists in Waco earns an average annual salary of $69,999 which compares to the Texas average annual salary of $71,080. per year.
Cost-of-living in Waco is 6% less than the Texas average, which means Waco residents have an overall less cost for food, housing, utilities and transportation compared to Texas average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Waco | $66,100 | 94.43% | $69,999 |
| Texas | $71,080 | 99.54% | $71,408 |
| U.S. | $82,770 | – | $82,770 |
Salary Ranges for Education and Experience
In Waco, 50% of School Psychologists earn between $60,640 and $78,220 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of School Psychologists earn more than $78,870, which is a rate for highly skilled, experienced and educated School Psychologists.
Approximately 10% of School Psychologists earn under $59,260, a rate generally reserved for less experienced or entry level School Psychologists.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 6 | Under $59,260 |
| 15% | 2 – 4 years | 9 | $59,260 – $60,640 |
| 25% | 5 – 9 years | 15 | $60,640 – $62,270 |
| 25% | 10 – 14 years | 15 | $62,270 – $78,220 |
| 15% | 15 – 20 years | 9 | $62,270 – $78,870 |
| 10% | 20+ years | 6 | Above $78,870 |
Salary Compared to Related Professions
With an average annual salary of $66,100, Waco School Psychologists tend to earn less than Clinical and Counseling Psychologists ($69,310).
However, School Psychologists tend to earn more than Social Workers ($48,880), Substance Abuse Counselors ($50,390), and Health Care Social Workers ($58,770).
| Title | Annual Salary |
|---|---|
| Clinical and Counseling Psychologists | $69,310 |
| School Psychologists | $66,100 |
| Health Care Social Workers | $58,770 |
| Substance Abuse Counselors | $50,390 |
| Social Workers | $48,880 |
FAQ for Waco School Psychologists
Additional Salary Reports for School Psychologists in Texas cities and Metros and U.S. States.
Official Data Sources for School Psychologists: Salary Data | Projected Employment | Cost of Living Data