On average, general carpenters charge $60-$70 per hour but prices can range anywhere from $40-$126 per hour, according to Thumbtack data.
The carpenter cost per hour is between $30 to $200 per hour, with an average cost of $75 to $125 per hour. This price will vary based on several factors, including the carpenter's specialty, level of expertise, project type, and more.
The average hourly rate of a general contractor varies depending on the region of the country in which they are working, their level of experience, and the type of work that they are doing. However, on average, general contractors typically charge between $75 and $125 per hour for their services.
Commercial carpenter salaries typically range between $35,000 and $61,000 yearly. The average hourly rate for commercial carpenters is $22.39 per hour. Commercial carpenter salary is impacted by location, education, and experience. Commercial carpenters earn the highest average salary in California.
On average, general carpenters charge $60-$70 per hour but prices can range anywhere from $40-$126 per hour, according to Thumbtack data.
Desired profit amount + desired salary + operating costs / number of income producing hours = your hourly rate. For example: Desired profit of $16,500 + desired personal pre-tax salary of $83,500 + operating costs of $30,000/1040 income generating hours = $125 per hour.
As an independent contractor, you should charge based on your skill level, experience, and the complexity of the project. Research industry standards and consider factors like overhead costs and desired profit margin. Typically, hourly rates can range from $50 to $150 or more, depending on your field.
Most handymen charge between $50 and $80 per hour, making an average of $150 to $600 per job. Rates depend on their specialty, experience, level of education, and whether the handyman is insured, requires specialized equipment, or services rural locations.
The Bureau of Labors Statistics projects the demand for carpenters to rise 2 percent through 2031.
Journeyman carpenters have the potential to earn up to $100,000 a year to help secure their family's financial future.
Trim Carpentry Labor Rates
The labor rates for trim carpentry are typically $40 to $75 an hour. They are lower than the average cost for finish carpentry because carpenters usually subcontract this task out at a lower rate.
A freelance carpenter works part-time or full-time as an independent contractor. They find their clients and purchase their own equipment and materials. While freelance carpenters do take on contract work for companies, they are ultimately self-employed.
The actual calculation
To calculate your own ideal hourly rate, divide your adjusted annual salary (your desired annual salary + your costs and expenses) with your number of billable hours, and then round up this figure, to the nearest dollar.
General contractors charge a 10% to 20% fee percentage of construction costs for large projects and a fixed, daily, or hourly rate for small jobs. Contractor hourly rates are $50 to $150 per hour on average. General contractor pricing depends on the labor and material costs, project size, and location.
Cost-plus pricing: Price = [Cost + Expense] + Profit. Sometimes known as markup pricing, this model builds a profit into your product pricing strategy. Cost-plus pricing is simply that: a price that covers your costs (e.g., the amount of money it takes to have the product for sale) plus some markup for profit.
To further emphasize the importance of work experience, these are all the average wages for all kinds of freelancers in 2023 across all age groups: 18-24 years – $16/hour. 25-34 years – $19/hour. 35-44 years – $24/hour.
Business schools teach a standard formula for determining an hourly rate: Add up your labor and overhead costs, add the profit you want to earn, then divide the total by your hours worked. This is the minimum you must charge to pay your expenses, pay yourself a salary, and earn a profit.
First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50,000 and works 40 hours per week, the hourly rate is $50,000/2,080 (40 x 52) = $24.04.
A carpenter's hourly rates are $30 to $100 per hour for a standard self-employed carpenter and $100 to $200 per hour for a skilled master carpenter. Framing, trim, and finish carpenters perform different services and vary in price. The average salary for a carpenter is $35,000 to $100,000 per year.
A general formula that I have used in the past for estimating most of my small projects: (Cost of Materials x 15-20%) + (Estimated Hours x Hourly Rate of Each Worker) + (Overhead and Equipment Costs, etc.)