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Average median salary is around $45,000 a year. This is going to vary depending on the city and who you work with. On the top end however you have producers making over $1 Million a year. (Master P made around $56 Million Dollars last year) But let's be serious here, the chances of a you as Music Producer making that much money a year aren't that good. However with the internet and computers making it easier and easier for Home Grown Music Producers to reach an ever growing audience, things seem to be looking up for music producers.