How Much Does Spotify Pay Per 1,000 Streams [In 2021]
Ever wondered just how much you can make for a thousand streams on Spotify?
Spotify a great platform for finding new music and getting discovered, but how much money can you actually make from streams on Spotify? How much will 1,000 steams make you?
How Much Does Spotify Pay Per Stream In 2021?
In my research for this article, I found a lot of different sources giving a lot of different numbers for how much Spotify pays per stream.
This is because this number isn't fixed. Like I outlined above, how much you earn depends on what percentage of the total streams you earn.
So the more streams you get, the more you'll get paid per stream
That said, after looking at my own streams and how much I was paid, I'm earning at a rate of about $0.003 per stream.
My fanbase is still very small at the writing of this article though, so I'm a little on the low end of the spectrum.
From the data I've found...
You can expect to see your pay per stream on Spotify to be somewhere in the $0.003 to $0.005 range.
How Many Spotify Streams Equal A Dollar
Let’s split the difference and say that your average per stream is $0.004. If that’s the case, then...
You need to get 250 streams on Spotify in order to make a dollar.
That means for every 250 streams you get on Spotify, you can get a McDonalds coffee, or you can buy a song on iTunes.
How Many Spotify Streams Equal $1,000?
If that's the case, then how many streams on Spotify do you need to make your first $1,000 from streaming?
Well, if we do some simple math:
1000 / $0.004 = 250,000
You need to get 250,000 streams on Spotify in order to make a $1000.
In other words, you need several football stadiums full of people to listen to your music at least once.
How Many Spotify Streams Do You Need To Earn Minimum Wage?
Wouldn't it be amazing to actually earn minimum wage passively from your Spotify streams?
It might not be enough to quit your day job, but an extra $15 G's a year would certainly help!
In 2020, the Federal minimum wage is set at $7.25 per hour in the United States.
And 2,080 annual hours worked is considered a full-time job, so after doing some simple math, an annual income on minimum wage is $15,080.
Or $1,257 a month.
It would take roughly 314,250 streams a month on Spotify to earn minimum wage in the U.S.
To help us visualize some other income milestones, here is a handy table.
Desired Income/Month - Streams Needed Per Month
$100 - 25,000
$1,000 - 250,000
$1,257 (Minimum Wage) - 314,250
$2,000 - 500,000
$4,917 (U.S. Median Income) - 1,229,250
$8,333 (6-Figure Income) - 2,083,250
$10,000 - 2,500,000
Wow, that's a lot! So you need to start growing your streams if you hope to make any kind of real money from Spotify.
And the best way to do that is by getting your songs on to Spotify playlists.
Grab me free guide below which will walk you through how you can your songs on Spotify playlists, and explode your streams!
How Does Spotify Compare To Other Streaming Platforms In Terms Of Pay
Now, you may be curious as to how Spotify stacks up against other streaming platforms in terms of pay. The answer is right about in the middle. Other platforms will pay more per stream, but they just don't have the same listening numbers that Spotify has. So with that in mind, I still think I would say Spotify is one of the best platforms to focus on growing listenership on. Here are a couple of helpful graphics from Visualcapitalist.com comparing the different streaming platforms.
Which Streaming Platform Is The Best?
Spotify is about middle-of-the-road when it comes to the number of streams one must have in order to earn one dollar.
While there may be other platforms that pay more, they don't have the audience, and the discoverability factors like Spotify has.
According to businessofapps.com, as of May 2020, Spotify now has...
-286 million monthly active users
-130 million of these are premium subscribers
-Spotify can lay claim to 36% of the global streaming market
-44% of users listen to Spotify on a daily basis
-Average users listen to 41 unique artists per week
What these stats show are two things...
1 Lots of people listen to Spotify, and
2 People are finding new artists on Spotify
These two factors are why I say Spotify is the best streaming platform to be on in 2021.
As you've probably deduced, it takes A LOT of streams every month to earn any kind of real sustainable income from Spotify.
But it's certainly possible if you can get your songs on enough Spotify Playlists.