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December 19th, 2019 | Published by NEW Construction AllianceA recent analysis by the National Association of Home Builders (NAHB) once again demonstrates the economic power and security working in the construction trades provides its practitioners.
The NAHB reviewed 2018 Bureau of Labor Statistics (BLS) data on all construction firm categories, including residential and commercial, to rank the top paying jobs in both the office and field sides of the industry.
Not surprisingly, chief executive officers (CEO’s), often also an owner, top the top spot overall with the median income of $166,710 per year, not including bonuses and other incentives.
But several categories on the labor side did not lag far behind with elevator installers claiming the top spot on the field labor side with 25 percent making more than $100,000 per year base salary.
As the chart indicates, the lowest earners according to the analysis are carpenters with a base average income of $46,810. Even as the lowest income identified in the survey, a carpenter’s income sits significantly higher—more than 20 percent higher—than the national median income of $38,640.
Combine this news with information released by the BLS last month that shows construction wages are at their highest level in a decade and you have a winning career path. According to that release from BLS, average hourly earnings in the construction trades is $30.81. They also highlighted that construction trades income have been rising with year-over-year increases of 4-7 percent.