Editors’ fees vary so drastically that authors are often (rightfully) confused about how much to pay. I’ve seen copyediting fees that range from $20/hour to $300/hour. That said, I’ve seen plenty of authors pay $20/hour for a poorly executed copyedit that needed to be redone. I know one author who paid $200/hour for a copyeditor who’d worked on a famous best-seller, operating under the false assumption that a good copyedit would be their ticket to best-seller status. That didn’t happen. Get a few bids and consider paying a couple different editors for two hours of their work and compare. It’s important to judge the work rather than the fee. Consider this investment as research rather than money wasted.
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I say “most of your desired criteria” because it’s rare to find an editor who will meet all your criteria. For instance, you may have to pay a few hundred to a few thousand dollars more for your top pick. Or, you may find someone at your precise price point, but their experience isn’t quite what you’d like it to be. You must be the one to assess what trade-offs you’re willing to make.
Great article, Blake. I often receive ‘undercooked’ manuscripts from writers. Two other points come to mind: 1) Budgeting for an editor is important. You should start putting some money aside for editing fees whilst you’re still writing your first draft (preferably tuck it into an interest-earning account!). 2) Don’t leave it too late, either. Often writers don’t realise that editors are booked up several months in advance. Start contacting editors whilst you’re still at the self-editing stage or have your MS with beta-readers, to find out what their availability is.
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Stephen, you’re right, and I think much of the confusion about editing and its pricing stems from the fact that editors offer a range of services (in addition to a range of experience). It might be best to view editing on a spectrum from broad (developmental) to detailed (copyediting and proofreading). And it’s always best to have as clear an idea as you can about the kind of editing you believe you need.
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Really great advice. I just wish editors and proofreaders were more affordable. I find that the cost often dissuades writers from hiring help, even though it’s a really important investment. I like PaperBlazer (https://www.paperblazer.com/hire-a-proofreader-or-editor-for-your-novel/) since it’s more affordable than a lot of other editors. The other comments here are very helpful as well.

I totally agree that you need an editor. I disagree that it has to be someone else. Editing is an entirely different skill than say writing, but it can be learnt (editing covers more than writing, at least in terms of publishing). Editing your own work is harder than editing someone else’s, but it can be done. Also, learning to edit is hard and takes some time, regardless if you are editing for others or yourself. And it is interesting that this apparent need for an editor happens within writing. Other creative disciplines, music, painting, photography, theater, etc, the idea… Read more »
BEA was formed in 1998 to help writers find professional book editors and proofreaders with experience working for traditional publishing houses. It continues to be a matchmaking service for writers and editors and now includes editors who can assist with the self-publishing process. The network includes award-winning editors and ghostwriters who have worked on best-sellers. Writers work directly with the editors they select. Rates vary by editor. Use the submission form for direct contact and a price quote.
The U.S. Bureau of Labor Statistics states that employment of editors is expected to have little change up to 2026, as print media continues to face strong pressure from online publications. Editors who have adapted to online media and are comfortable writing for and working with a variety of electronic and digital tools will have an advantage in finding work. 
Editors are an integral part of content generation at any level. A quality editor is responsible for the final, polished look and feel of any written content produced by a client. Freelance editors provide a flexible and talent-driven way to manage multiple products in a professional way. They can be used for a wide variety of projects, from editing for syntax and grammar on regular blog posts to providing structure, pacing, and style feedback for nearly finished novels.
It can take some time to find the right editor, so you may want to start asking around even before you have a text that is ready to send. If you know a fellow author who can recommend someone, that’s wonderful, but if not, it’s fine to poke around the websites of some editors and see who appeals to you (and seems to work within your genre). Then contact them by whatever method they request (often a contact form on their site).
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