Salaries can be as low as less than $20,000 or as high as $1 million or more.
Producers will usually earn more more if they are freelancers, as opposed to those producers who are employed by a record label. Also, producers new in the field with no track record will make far less than those with years of experience and success.
A music producer's salary can also vary depending upon the average number of tracks the producer works on per project.
Your salary as a music producer will also vary depending upon the city in which you live. For example, if you're in a major "music" city, such as New York, Nashville or Los Angeles, you're going to make more than if you are working in Indianapolis.
As a music producer, you will generally be paid one of two ways, either a flat fee or through royalties. Flat-fee payments are usually made when the producer works on one or two tracks on an album.