Table of Contents
- 1 How many hair salons are there in the United States?
- 2 How many professional salons are there in the United States?
- 3 How big is the salon industry in the US?
- 4 How much revenue does a hair salon make?
- 5 What industry do hair salons fall under?
- 6 Is hair salon a profitable business?
- 7 How much do salon owners make annually?
- 8 How many beauty salons are there in the United States?
- 9 What are the typical characteristics of a salon?
How many hair salons are there in the United States?
“The US hair care services industry includes more than 80,000 establishments (77,000 beauty salons; 4,500 barber shops) with combined annual revenue of about $20 billion.
How many professional salons are there in the United States?
Hair Salons in the US – Number of Businesses 2005–2027
| Year | Value |
|---|---|
| Feb 1, 2016 | 923,193 |
| Feb 1, 2017 | 927,276 |
| Feb 1, 2018 | 932,134 |
| Feb 1, 2019 | 939,083 |
How big is the salon industry in the US?
The salon and spa industry is a vibrant and growing component of the U.S. economy, with more than 1.2 million total establishments and annual sales of more than $62 billion.
How big is the hair salon industry?
The market size, measured by revenue, of the Hair Salons industry is $39.5bn in 2021. What is the growth rate of the Hair Salons industry in the US in 2021? The market size of the Hair Salons industry is expected to increase 28.7\% in 2021.
What is the average revenue of a hair salon?
The average hair salon revenue is $245,000. The total annual salon revenue in the US is $63 billion which is spread out across the 257,000 salon and barbershops. Salon revenue is the total amount of sales made by the salon. This includes both sales incurred from salon services as well as retail products.
How much revenue does a hair salon make?
On average, the annual salary range for salon owners in the U.S. is around $67,000, but that depends on several factors, we explore in more detail below. On the low end, salon owners could expect to earn around $35,000 per year, while the most successful salons could bring in around $120,000 in annual income or more.
What industry do hair salons fall under?
According to the North American Industry Classification System – better known as the NAICS, beauty salons fall into category 8121 – Personal Care Services.
Is hair salon a profitable business?
Is owning a hair salon profitable? The average salon makes $19,100 in profit every year. The average salon profit margin is 8.2\% which is above the general business average of 7.7\% and is improving year on year. Salon profit margin ranges from 2\% to 17\% depending on how well the salon is managed.
How many nail salons are there in the United States?
54,386
Number of nail salons in the United States from 2006 to 2018*
| Characteristic | Number of nail salons |
|---|---|
| 2018 | 54,386 |
| 2017 | 56,386 |
| 2016 | 69,738 |
| 2015 | 129,682 |
How many wax salons are there in the United States?
There are 338,452 Personal Waxing & Nail Salons businesses in the US as of 2021, an increase of 5.6\% from 2020.
How much do salon owners make annually?
How many beauty salons are there in the United States?
There are 210,254 beauty salons in the U.S. as of February 2018. This number was calculated by adding the total number of beauty salons in all 50 states plus Washington, D.C.
What are the typical characteristics of a salon?
A typical salon occupies about 1,000 to 1,500 square feet and is located in a strip center or mall. Salons commonly employ hairstylists who do the actual haircutting, colorists who specialize in hair coloring, and various assistants who wash and dry hair.
What are the key revenue sources for a hair salon?
Sales of hair care products are an important revenue source for many salons, typically providing from 5\% to 25\% of revenue. Margins are higher for hair care products than for services. A typical salon occupies about 1,000 to 1,500 square feet and is located in a strip center or mall.