General Contractor Salary: A Comprehensive Guide from Reddit
Are you considering becoming a general contractor? Are you curious about the average salary range of a general contractor? Or are you already in the industry and want to know where you stand?
Regardless of your reason, Reddit is a great place to find answers to your questions about general contractor salary. Here, we’ve compiled some of the most informative threads that provide insights on what to expect in terms of compensation.
General Contractor Salary Range
Before we dive into the threads, let’s first understand the general contractor salary range. According to the US Bureau of Labor Statistics (BLS), the median salary for general contractors is $93,370 per year or $44.88 per hour. The lowest 10% earn less than $53,020 per year, while the highest 10% earn more than $153,940 per year.
Keep in mind that the actual salary of a general contractor may vary depending on numerous factors, including experience, location, type of projects, and more. That’s why it’s always a good idea to check with other professionals in the industry to get a better idea of the local compensation.
Top Threads on General Contractor Salary on Reddit
1. “What is your salary as a general contractor?” (r/Construction)
This thread provides some real-world examples of general contractor salaries of those working in the construction industry. Some individuals mentioned earning between $80,000 to $150,000 per year, while some earn more than $200,000 per year.
It’s worth noting that the thread is from five years ago, so the salary range may have changed since then. Nevertheless, it’s still a great starting point to get a sense of what contractors make on average.
2. “Starting wage as a general contractor?” (r/HomeImprovement)
This thread is helpful if you’re just starting out as a general contractor and want to know what to expect in terms of compensation. The thread is from two years ago, but the responses provide a ballpark figure of what you can make.
Many individuals mentioned earning between $50,000 to $70,000 per year as a beginner, with some earning more based on their experience and project size. Keep in mind that this may vary depending on your location, as contractors in cities or high-demand areas may earn more.
3. “How much do general contractors actually make?” (r/Entrepreneur)
This thread is particularly helpful for those who are interested in starting their own contracting business. It features responses from individuals who have started their own businesses and provide insights into the profit margins, overhead costs, and average salaries of contractors.
Based on the responses, owning a business can be quite lucrative if managed properly. Many individuals mentioned earning six-figure salaries after a few years of business, with some even making over half a million dollars.
Conclusion
There is no one-size-fits-all answer to what a general contractor makes since it depends on numerous factors. However, the threads we’ve mentioned are an excellent starting point to get an idea of the average salary range for general contractors.
Keep in mind that while salary is essential, it should not be the only factor to consider when choosing a career. A fulfilling career requires passion, dedication, and hard work, regardless of the compensation.