Hair Salon Facts 2022
- Purchasing a salon already in operation will cost you between 40,000-250,00 dollars.
- Buying a brand new salon, however, will range from $100,000 to $500,000
- Equipment for Salon purchasing can depend; on individual pieces of equipment, which total around $27,000.
- Styling chairs cost between $200 to USD 1,000.
- Since COVID-19, hair stylists have moved almost entirely to online forms of payment and tips.
- There is a gender pay gap between male and female hairstylists, with women earning $35,817 and men earning $37,784.
- For every $1 made by male hair stylists, women stylists make 95¢
- Customers 55 years old and older make up 25.4% of Salon revenue in the US.
- The high school diploma is the degree most commonly earned by Hair Stylists.
- Hair stylists who are white have the highest annual salary compared to all other ethnicities, with Asian hair stylists having the lowest pay at $35,533.
- Since COVID-19, “Blow Dry” bars have gained popularity, in which styling services and blow dry are offered and marketed at comparable prices to a haircut.
- Instagram has become a powerful and popular marketing tool for hair salons in 2022.
- Hair salon employment opportunities are estimated to increase by 19% from 2020 to 2030.
- Besides the US, Japan generates the second most revenue for the hair care market.
- Massachusetts is the top paying state for the occupation, with an hourly wage of $21.11.
- Cutting one’s hair does not speed up the growing process.
- Hair stylists suggest incorporating protein-enriching foods and biotin into one’s diet is the best way to help grow hair.
- Hair masks help soften the texture of one’s hair but do not aid in its growth rate.
- Cutting split ends in hair makes the hair more bouncy and look healthier- but it does not speed its growing process.
- The average ages of certified Hair stylists are 35-45.
- Hair Extension services have decreased after the COVID-19 Pandemic.
- Low maintenance hair colors rose in popularity in 2022, after the COVID-19 Pandemic.
- Hair tint retouches have become more popular than highlights in the hair in 2022
- In 2022, there was a spike in short hair transformations like shags and wolf cuts.
Hair Salon Industry Statistics 2022
- The Hair Salon US Market Size is $46.2B in 2022
27. Hair Salon growth in the US Market in 2022 rose 16.9%
28. From 2017 to 2022, the Hair Salon market growth decreased by -0.3 % in the US.
29. Rent and labor in Salons can report for 80% of the Salon’s revenue.
- 45.5% of the hair industry revenue comes from styling and cutting
- 17.1% of the hair industry revenue is from hair coloring and tinting.
- 50% of consumers prefer hairstyles that save them time and are easy to manage.
- The hair industry comprises more than 80,000 companies; salons account for 95% of revenue, with the rest being barbershops.
- 50% of a hairstylist’s salary is made through tips.
- Hair styling products make up 5-25% of sales but are more profitable than hair care services provided.
- There is a gender ratio amongst hair stylists in the U.S, with 9% Identified being Male and 91% Identified as female.
- 64.1% of hair stylists are white, while 15.1% are Latino or Hispanic.
38.. Hair Stylists’ average salary in the US is currently $38,221USD
- Women employ 60% of Hair Salons in the US.
- Ages 25-34 years old make up the leading demographic of individuals in the US who frequent hair salons, making up 16.5% of the market.
- Asian, Black or African American, and American Indian hair stylists are the lowest percentage of hairstylists.
- Black or African Americans make up 11.2% of the industry.
- Asian hairstylists make up 7.3% of the industry.
- American Indian hairstylists make up 0.4% of the hair industry.
- 40% of Millennials get their hair inspiration from Instagram.
- 70% of women in the US invest in hair coloring and styling.
- 63% of Millenials searching for hair Salons now trust companies and brands that can be searched easily for online or have an Instagram page.
- 31% of hair stylists earn a high school diploma.
- 23% of hair stylists earn an associate degree.
- Only 16% of hair stylists have earned a Diploma, and a bachelor’s is 15%.
- The top industry hiring hair stylists at 39% is the retail industry.
- 30% of hair stylists in the US have said they stayed in their job for 1-2 years.
- 69.3% of hair stylists speak Spanish, while the least popular language is Italian at 2.1%
- In 2022, Salon prices were forced to increase because of the losses during COVID-19.
SOURCES: ZIPPIA, ibis world, cpba, Learn.org , AMERICAN SALON, Trafft, SALONIST.