Life coaches offer encouragement and constructive guidance to help people improve in their profession and in their life. They help individuals to identify goals and offer strategies and techniques for achieving these goals. Most life coaches work as independent consultants, responsible for promoting their services, maintaining clients, and managing their business. There are nearly 17,770 life coaches working in the U.S.
Minimum Education Level
Most life coaches are independent consultants who run their own businesses, charging an hourly rate for their services. According to PayScale, life coaches earned an average hourly rate of $31.18 (or about $64,854 annually) in April 2021. Hourly rates ranged from as low as $13 to about $148 or more, which translates to salaries that ranged from $28,000 to $264,000 or higher. Life coaches who ar...
Life coaches work in their own offices and in the offices of companies that employ them. They may consult with clients in their own office, either in person or in video conferences. They may also travel to meet with clients in their place of business or in their homes. Life coaches may work during business hours, and they may also work evenings and weekends, as many clients may have full-time j...
As of 2021, the life coach industry in the U.S. is a $991.5 million business. There was a nearly 2 percent decline in growth in the life coach market from 2016 through 2021, and a 1 percent decline in employment of life coaches in 2021. The coronavirus pandemic contributed to an economic slowdown in 2020, which caused consumers to scale back on their spending. On the other side of this, however...