Local news anchors play a crucial role in keeping communities informed about current events, weather, traffic, and breaking news. Many aspiring journalists wonder, “How much do local news anchors make?” The answer depends on several factors, including experience, location, market size, and the station’s budget.
In this article, we’ll explore the salary ranges for local news anchors, factors that influence their earnings, and how their pay compares to other media professionals.
Table of Contents
Average Salary of Local News Anchors
Local news anchor salaries vary widely based on experience and location. According to industry reports:
- Entry-Level Anchors (0-3 years of experience): $30,000 – $50,000 per year
- Mid-Career Anchors (4-10 years of experience): $50,000 – $100,000 per year
- Experienced Anchors (10+ years): $100,000 – $200,000+ per year
However, these figures can fluctuate depending on the television market size.
Factors That Influence a Local News Anchor’s Salary
1. Market Size (DMA Ranking)
TV markets are ranked by Nielsen’s Designated Market Area (DMA) system. Larger markets (like New York, Los Angeles, or Chicago) pay significantly more than smaller ones (like Wichita or Boise).
- Top 10 Markets (e.g., NYC, LA, Chicago): $150,000 – $500,000+
- Markets 11-50 (e.g., Denver, St. Louis): $70,000 – $150,000
- Markets 51-100 (e.g., Tulsa, Des Moines): $40,000 – $80,000
- Markets 100+ (small towns): $25,000 – $50,000
2. Experience & Reputation
A well-known anchor with years of experience will earn more than a newcomer. Some anchors become local celebrities, leading to higher salaries and even endorsement opportunities.
3. Station Budget & Network Affiliation
Major network affiliates (ABC, NBC, CBS, Fox) typically pay more than independent stations. Public broadcasting stations (PBS) often have lower budgets, resulting in smaller salaries.
4. Additional Roles & Responsibilities
Anchors who also report, produce, or manage social media may earn more than those who only read the news.
5. Union vs. Non-Union Stations
Some TV stations have union contracts (like SAG-AFTRA), which can lead to better pay and benefits.
How Local News Anchor Salaries Compare to Other Media Jobs
- National News Anchors: $500,000 – $10M+ (e.g., Anderson Cooper, Lester Holt)
- Radio Hosts: $30,000 – $300,000 (varies by market and popularity)
- Reporters: $35,000 – $90,000 (less than anchors in most cases)
- Meteorologists: $50,000 – $150,000 (higher pay in severe weather markets)
- Sports Anchors: $45,000 – $200,000 (depends on market size)
Do Local News Anchors Get Additional Benefits?
Many full-time anchors receive benefits such as:
- Health insurance
- Retirement plans
- Paid vacation
- Bonuses for high ratings
- Company cars (in some cases)
Freelance or part-time anchors may not receive these perks.
Career Growth & Future Outlook
The Bureau of Labor Statistics (BLS) projects a 4% decline in broadcast news jobs by 2032 due to digital media shifts. However, experienced anchors in growing markets will still find opportunities.
Tips for Increasing Earnings as a Local News Anchor:
- Move to a larger market
- Build a strong personal brand
- Gain expertise in a niche (politics, weather, investigative reporting)
- Transition to national news or digital media
FAQs About Local News Anchor Salaries
1. What is the starting salary for a local news anchor?
Entry-level anchors typically earn between $30,000 and $50,000, depending on the market size.
2. Do local news anchors make more than reporters?
Yes, anchors usually earn more than reporters because they have more on-air responsibility and visibility.
3. Can local news anchors negotiate their salaries?
Yes, experienced anchors can negotiate higher pay, especially when moving to a new station or market.
4. What is the highest-paying market for local news anchors?
Top-paying markets include New York, Los Angeles, Chicago, Philadelphia, and Dallas.
5. Do local news anchors get paid during off-hours?
Most anchors are salaried employees, meaning they receive a fixed income regardless of extra hours worked.
6. How do local news anchors get raises?
Raises depend on performance, ratings, experience, and contract renewals.
7. Are there gender pay gaps in local news anchor salaries?
Studies suggest that male anchors sometimes earn more than female counterparts, though the gap is narrowing.
8. Can local news anchors earn extra income?
Yes, some anchors make extra money through speaking engagements, endorsements, or freelance reporting.
Final Thoughts
Local news anchor salaries vary greatly based on experience, location, and station budget. While entry-level anchors may start with modest pay, those in major markets can earn six-figure incomes. The industry is evolving with digital media, but skilled anchors who adapt will continue to thrive.
If you’re considering a career in broadcast journalism, gaining experience in smaller markets before moving up can be a smart strategy.
Would you pursue a career as a local news anchor? Let us know in the comments!
