Small Business Owner salary in US Midwest Region

Average salary
$30,500/yr
Based on 660 income tax records
$16,000
$99,000
Age:
Average salary by age
18-25
26-35
36-45
46-55
56+
 
$24K
 
$29K
 
$31K
 
$36K
 
$39K
$16,000
$99,000
How much do Small Business Owners make?
The average total salary for a Small Business Owner is $30,500 per year. This is based on data from 660 TurboTax users who reported their occupation as Small Business Owner and includes taxable wages, tips, bonuses, and more. Small Business Owner salary can vary between $16,000 to $99,000 depending on factors including education, skills, experience, employer & location. Read more
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DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

Small Business Owner salary by company

Employer
Average salary per year*
Salary range**

Small Business Owner demographics in US Midwest Region

single icon
52% are single
married icon
48% are married
have kids icon
41% have kids
own a home icon
65% own a home

Effective Tax Rates for Small Business Owners in US Midwest Region

660 full-time salaries from 2019
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FAQS
The average salary for a small business owner in US Midwest Region is $30,500 per year. Small business owner salaries in US Midwest Region can vary between $16,000 to $99,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 660 tax returns from TurboTax customers who reported their occupation as small business owner.

The following cities offer the highest salaries for small business owners in US Midwest Region: Columbus Metro Area, OH ($36,500 a year), Akron Metro Area, OH ($35,000 a year), and Chicago Metro Area, IL ($34,500 a year).
*
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.