In a recent interview with Harold Davis from Googleplex (seen on ProBlogger), he says the following:
As for money, people who are really in the business of making a living off content pages say they average about $10 a page per year. That would be a pretty good average. Usually, it’s not enough to make a living on, but it’s a good supplement.
Of course, that’s an average. As Darren Rowse mentions, some of his blogs make much more than that, others make less. Like I’ve said before, some subjects are better money makers than others.
A Linux blog, or a blog about Firefox, for instance, don’t work very well, as most visitors will have ad blockers. On the other hand, a politics blog doesn’t really have a lot to sell. Product blogs, such as blogs about cell phones or other gadgets, work very well, as most visitors are in “buy mode”. Blogs about blogging don’t work very well (and I have one and a half!). I think blogs about books, movies and music may work, but I don’t have one (yet?).
Just for fun: as of this moment, if my blogs were giving me the “average” amount, they’d get me $7470 a year. Of course, I have yet to see that kind of money. 
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