How Much Money Can You Make Trading Commodities
Commodities Trader Salary
How much does a Commodities Trader make?
The average Commodities Trader in the US makes $232,052. The average bonus for a Commodities Trader is $14,159 which represents 6% of their salary, with 100% of people reporting that they receive a bonus each year. Commodities Traders make the most in San Francisco at $346,966, averaging total compensation 50% greater than the US average.
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- 50% San Francisco
- 12% Boston
- 11% Dallas
- 4% Phoenix
- 5% Austin
- 20% Salt Lake City
Salary Ranges for Commodities Traders
The salaries of Commodities Traders in the US range from $32,680 to $1,131,376 , with a median salary of $202,318 . The middle 57% of Commodities Traders makes between $202,320 and $509,626, with the top 86% making $1,131,376.
How much tax will you have to pay as a Commodities Trader
For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 35%. After a federal tax rate of 35% has been taken out, Commodities Traders could expect to have a take-home pay of $175,144/year, with each paycheck equaling approximately $7,298*.
* assuming bi-monthly pay period. Taxes estimated using tax rates for a single filer using 2018 federal and state tax tables. Metro-specific taxes are not considered in calculations. This data is intended to be an estimate, not prescriptive financial or tax advice.
Quality of Life for Commodities Trader
With a take-home pay of roughly $14,595/month, and the median 2BR apartment rental price of $2,506/mo**, a Commodities Trader would pay 17.17% of their monthly take-home salary towards rent.
** This rental cost was derived according to an online report at Apartment List
*** Average cost of living was acquired from Numbeo's Cost of Living Index
See Commodities Traders Salaries in Other Areas
Commodities Traders in Raleigh-Durham, NCCommodities Traders in Detroit, MICommodities Traders in Tucson, AZCommodities Traders in Boston, MACommodities Traders in Mesa, AZCommodities Traders in Los Angeles, CACommodities Traders in Virginia Beach, VACommodities Traders in San Francisco, CACommodities Traders in Miami, FLCommodities Traders in Durham, NC
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How Much Money Can You Make Trading Commodities
Source: https://www.comparably.com/salaries/salaries-for-commodities-trader
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