How Much Do Licensed Contractors Make

Electrical contractors earned a median income of 56180 per year in 2019 according to the BLS meaning half made more than this figure and half made less.

How much do licensed contractors make. General Contractors including construction managers earn an average of 4393 per hour or 91370 per year. There is no such thing. Licensed real estate appraisers earn between 35000 and 85000 per year more if taking on management positions.

Those contractors who work directly for an employer ie without an agency as an intermediary pull down an average of 94011. Ive seen some people make 10k a year and some people make 50k Ive seen some people make a couple hundred thousand and Ive seen someone make a million dollars a year for years so Ive seen the whole range. If you pay for your estimate many general contractors will put that fee toward your project if you hire them.

With some experience youll probably be able to charge upwards of 500 a day and expect about 90000 as an annual general contractor salary. Most commonly appraisers are paid considerably more for each type of license. So what determines what kind of salary youll make as a general contractor.

Note that single family scattered home builders can earn an average of 10000 gross profit per house after all direct costs. Reflecting on the novelty of this career path The Bureau of Labor Statistics provides no data signaling that they have yet to begin tracking the industry. Factors That Can Alter How Much You Make.

All licensed contractors will carry two types of insurance. How much you can take on depends on your state but what that means for you depends on your experience skills and resources. Remember these builders have to subtract the indirect costs for insurance licenses fees taxes and general overhead.

How much do contractors charge for estimate. Certified residential appraisers make on average 10000 more than licensed real estate appraisers. And dont ask how much money others are making.