As with any career, salaries and wages can vary greatly depending on the city or country that one is working in. Experience also plays a large role in the amount that correspondents are paid. In the United States, the salary starts out on the lower end of the spectrum at around $25,000. As one gains experience and prestige in the journalism world, this number can go up higher to around $100,000.

Correspondents who work for the major broadcasting stations can earn even more. Wartime correspondents are often paid more for the extended and dangerous reporting situations that they are put under. This amount is reflected in their ability to travel all over the world and report on big news events as they take place.