A-The median hairdresser salary, including hair stylist salary, is $12.22 per hour as of May 2017, which means that half earn more than this, while the other half earns less. The top 10 percent of hairdressers earns $24.36, while the bottom 10 percent earn less than... A-Aspiring nail technicians will need to complete a certificate in cosmetology. Most states require potential licensees to be at least 16 years of age and have a high school diploma or GED. State-approved programs generally include both traditional classroom... A-No. You cannot practice legally without a license. … By law, any services done within the field of cosmetology for any form of compensation is illegal if done without a completed education and a license. A- When you buy an existing salon, you’re buying everything – including the property and the equipment. This may cost anywhere from $40,000 to as much as $250,000 or more depending on the location, size, and condition of the property and equipment. A- Is owning a hair salon profitable? The average salon makes $19,100 in profit every year. The average salon profit margin is 8.2% which is above the general business average of 7.7% and is improving year on year. Salon profit margin range from 2% to 17% depending on... A-According to the Bureau of Labor Statistics, hairstylists make a median wage of $24,950 – but tips are also a huge portion of their income. Salon owners make an average of $41,000 a year.