As a general contractor, you can expect to earn a median wage of $62,000 per year, or $30 per hour, according to the U.S. Bureau of Labor Statistics.
This is significantly higher than the median wage for all occupations in the United States, which is just $36,200 per year.
Of course, your earnings will vary depending on a number of factors, including your experience, the region you work in, and the type of construction projects you typically undertake.
In general, though, as a contractor you can expect to earn a very good wage. And if you’re looking to maximize your earnings potential, there are a number of things you can do, such as becoming certified or taking on larger projects. Whichever route you choose, though, you can rest assured that being a contractor is a very financially rewarding career.
So if you’re thinking about becoming a contractor, or are already working in the field, then you can expect to earn a very good wage. And with some effort and dedication, you can even earn a six-figure salary. So if you’re looking for a financially rewarding career, then contracting is certainly an option worth considering.
The job outlook for general contractors is very positive. The U.S. Bureau of Labor Statistics predicts that employment in this field will grow by 11 percent between 2016 and 2026, which is much faster than the average for all occupations.
This growth is being driven by a number of factors, including an increase in construction activity due to population growth and an aging housing stock.
So if you’re thinking about a career in contracting, then now is a great time to get started. And with the demand for contractors expected to continue growing in the years ahead, there’s no better time than now to enter this rewarding and financially lucrative field.
There are a number of factors that can affect how much a general contractor earns, including the state they work in.
Generally speaking, states with large populations and high levels of economic activity tend to be the best paying for this occupation.
For example, the five highest paying states for general contractors are California, Texas, New York, Florida, and Illinois. These states all have large populations and strong economies, which results in high levels of construction activity and a need for skilled contractors.
So if you’re looking to maximize your earnings as a contractor, then working in one of these states is a good option to consider.
Just as the states with the highest levels of economic activity and population tend to be the best paying for general contractors, so too do the cities within those states.
For example, some of the highest paying cities for contractors are Los Angeles, New York City, Houston, Chicago, and Dallas. These are all large cities with strong economies, which results in a high demand for construction services.
So if you’re looking to maximize your earnings as a contractor, then working in one of these cities is a good option to consider.
The industry you work in can also have a big impact on your earnings as a general contractor.
Generally speaking, the industries with the highest levels of construction activity tend to be the best paying for this occupation.
For example, some of the highest-paying industries for contractors are residential building construction, nonresidential building construction, and heavy and civil engineering construction. These industries all have high levels of construction activity, which results in a need for skilled contractors.
So if you’re looking to maximize your earnings as a contractor, then working in one of these industries is a good option to consider.
There are a number of factors that can affect the salaries of general contractors, including the state they work in, the city they work in, the industry they work in, and their experience level.
Generally speaking, states with large populations and high levels of economic activity tend to be the best paying for this occupation. For example, the five highest paying states for general contractors are California, Texas, New York, Florida, and Illinois.
Just as the states with the highest levels of economic activity and population tend to be the best paying for general contractors, so too do the cities within those states. For example, some of the highest paying cities for contractors are Los Angeles, New York City, Houston, Chicago, and Dallas.
The industry you work in can also have a big impact on your earnings as a general contractor. Generally speaking, the industries with the highest levels of construction activity tend to be the best paying for this occupation. For example, some of the highest paying industries for contractors are residential building construction, nonresidential building construction, and heavy and civil engineering construction.
Finally, your experience level can also affect your earnings as a general contractor. Generally speaking, the more experience you have, the higher your salary will be. So if you’re looking to maximize your earnings, then working in an area with a high demand for experienced contractors is a good option to consider.
FIELD SERVICE MANAGEMENT SOFTWARE
BuildOps connects every part of your business. #1 all-in-one Field Service Management and Project Management Software for commercial service contractors. Streamline your dispatch, quoting/invoicing, service, projects, and reports.
