From BLAKE ATWOOD at The Write Life:
For comparison purposes, let’s look at the editing rates and use an average page-per-hour and an average hourly rate. For instance, the EFA lists basic copyediting of 5–10 pages per hour at a cost of $30–$40 per hour, so I’ve assumed 7.5 pages per hour at a cost of $35 per hour. The other total calculations also use their respective average rates.
For a 70,000-word book, your editing costs could be:
- Developmental editing: $.08 per word, or $5,600 total
- Basic copyediting: $.018 per word, or $1,260 total
- Proofreading: $.0113, or $791 total
It’s easy to extrapolate from this what your total expected editing cost could be. Fantasy, sci-fi, and epic novel writers should be forewarned.
For a 120,000-word book, your editing costs could be:
- Developmental editing: $.08 per word, or $9,600 total
- Basic copyediting: $.018 per word, or $2,160 total
- Proofreading: $.0113, or $1,356 total
Realize that these are simply one website’s average estimates for editorial costs. For further comparison, CreateSpace offers copyediting at $.016 per word for books longer than 10,000 words. Pronoun’s list of editors is also an easy way to compare many editors’ costs.
Read More at The Write Life…