Plumbers can expect to earn anywhere from $29,500 on the low end to $100,000 on the high end.
Yes, many plumbers in the United States can earn over $100000 per year, especially those with significant experience, specialized skills, or who run their own businesses.
The best Plumbing jobs can pay up to $107,000 per year.
Some of the different jobs in the plumbing industry include plumbers, pipefitters, and steamfitters. Plumbers address all manner of plumbing tasks.
Our Plumbing Service Tech - Residential Plumber earns top pay of up to $200,000 per year, depending on work experience. The typical work schedule for this position is Monday-Friday with some weekends…
I make $140,000 working in plumbing. The trades allow me to support my family in an expensive city. Joseph Ahrens is a plumbing superintendent in San Diego who makes $140,000 a year. Inspired by his brother, Ahrens started a plumbing apprenticeship at 19 and worked his way up.
With the right combination of business savvy, financial planning, and long-term strategy, plumbers have positioned themselves as the next class of millionaires.
The highest paying skilled trades include electricians, plumbers, HVAC technicians, aircraft mechanics, and welders. Specializations and regional demand significantly influence their earning potential, with experienced professionals often commanding top salaries.
Is There a Plumber Shortage? A simple answer: Yes. Putting it into context: We've covered how skilled trades have been in high demand, driven in large part by labor shortages across the industry (job openings outpacing job seekers).
Plumbers are compensated for their expertise, training, and the essential nature of their work. Additionally, the costs of tools, certifications, and emergency availability contribute to the price.
In America, the plumber appears to have taken home the highest wage, with an annual salary of $101,810 (£80,228), based on the highest paying cities in America.
Salary and job outlook
On average, plumbers make $55,600 per year , only slightly less than electricians. Similarly, their salary can vary based on their location, employer and level of experience.
A plumbing business profit margin of 20-35% is considered healthy by industry standards. Even so, some companies have profit margins that are twice as high. With the right pricing model, you can increase your revenue stream while still attracting customers.
Good Wage Opportunities
According to the Bureau of Labor Statistics, the average annual salary for a plumber is $53,910. Those in the highest 10% income level earn $93,700 per year. That's excellent income-earning potential to add to a career that's always in demand.
On average, many construction managers, electricians, and welders earn more than $100,000 per year. For the trades skills, there is no necessity for two years or less of advanced education. You can place yourself on the path to earning over six figures.
The top five careers for millionaires include engineer, accountant, teacher, management and attorney. 79% of millionaires did not receive any inheritance at all from their parents or other family members.
Electricians consistently rank as having one of the hardest trades to master. The electrical profession involves understanding complex electrical systems, staying up-to-date with ever-changing regulations, and working with potentially dangerous voltages.
Plumbers can expect to earn anywhere from $29,500 on the low end to $100,000 on the high end.
Private equity firms have purchased nearly 800 skilled trade companies since 2022. Wall Street Journal reporter Te-Ping Chen joins me. Te-Ping, some plumbers and HVAC workers are becoming millionaires as a result of private equity buying their businesses.
Charlie Mullins, the founder of Pimlico Plumbers, made a fortune by building a business, which he originally started in his basement, worth £140m which he sold in 2021, as per ExpressUK. He has been enjoying life since selling the company.
The answer is a big, shiny YES! You too, can build a plumbing business that makes millions. But, hey… you'll need the dedication, consistency, and most of all, a million-dollar strategy.
The career is physically demanding
While this helps them to stay active, the physical demands can take a toll on the body especially for those who have health issues.
Plumbers who are experienced in commercial plumbing and industrial piping tend to make the highest salaries. In addition, plumbers with expertise in underground pipe installation, backflow prevention, and water line installation can command higher wages than those who focus on residential projects.