Household staff for America's rich can earn up to $300,000

The demand for skilled household staff serving America's wealthiest individuals is so robust that top professionals can command salaries of up to $300,000 per year. A new report highlights that roles such as nannies, private chefs, chauffeurs, and executive assistants are experiencing significant pay increases due to a shortage of qualified candidates.

Luxury staffing firm Morgan & Mallet attributes the surge in demand partly to a volatile global economy. This instability prompts the ultra-rich to seek "safe havens," often leading them to purchase multiple properties. Consequently, there is an unprecedented need for staff to manage these newly acquired assets, driving up the value of experienced personnel.

The report emphasizes the growing difficulty in finding high-quality staff with proven experience. "The reality is that securing quality staff with proven experience has become increasingly difficult, pushing wages for the best candidates to record highs globally," Morgan & Mallet stated.

Private chefs in the U.S. can earn between $100,000 and $300,000 annually. Those with Michelin stars or specialized dietary cooking skills command the highest salaries. Nannies who are fluent in multiple languages also receive substantial compensation packages. Other high-earning positions include chiefs of staff ($150,000-$300,000), personal assistants ($80,000-$250,000), executive assistants ($120,000-$200,000), and estate managers ($150,000-$200,000).

According to the report, personal assistants are the most sought-after household staff in the U.S., accounting for 22% of clients' requests. This contrasts sharply with the median U.S. household income of $83,730 in 2024.

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The reality is that securing quality staff with proven experience has become increasingly difficult, pushing wages for the best candidates to record highs globally.