Wages vary widely depending on the project. Wages also depend on the makeup artist's skill and reputation. Makeup artists are usually paid a daily rate. Daily rates can range from $50 for small theater companies to $1,000 for big budget films or Broadway shows. Well-known artists can earn much more. Many makeup artists work long hours for several weeks, then go without work until the next project.

Most makeup artists do not receive benefits. This is largely because many work on a contract or freelance basis, especially in the film industry. However, makeup artists who are union members may receive benefits, such as health insurance, through their union. Makeup artists who work full time for theater companies may receive typical benefits.