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Money & Outlook

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National Earnings

Average Annual Wage

$120,310

Average Hourly Wage

$57.84

Average Annual Range

$64,680 to $175,790

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +7%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 34,500 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than average growth
  Biochemists and biophysicists will continue to be needed to do basic research that increases scientific knowledge and to research and develop biological products and processes that improve people' lives. Techniques, tools, and applications of biochemistry and biophysics are expanding as technology and knowledge progress. 
Industries Large concentrations of this occupation are found in these industries
  • Professional, scientific, and technical services (NAICS540000) (64.6%)
  • Scientific research and development services (NAICS541700) (57.5%)
  • Research and development in the physical, engineering, and life sciences (NAICS541710) (57.1%)
  • Manufacturing (NAICS31-330) (20.2%)
  • Chemical manufacturing (NAICS325000) (19%)
  • Pharmaceutical and medicine manufacturing (NAICS325400) (18.2%)
  • Educational services (NAICS610000) (6.6%)
  • Colleges, Universities, and Professional Schools (NAICS611300) (6.5%)