Best-Paying States for Plumbers
The states and districts that pay Plumbers the highest mean salary are New Jersey ($97,690), Massachusetts ($89,140), Illinois ($88,420), Oregon ($85,680), and New York ($84,890). How Much Do Plumbers Make in Your City? See current salary offers for jobs in your field.
You can definitely make $100k plus a year in industrial and commercial plumbing and pipe fitting, especially once you've completed your apprenticeship.
The lowest-paying states for plumbers include Mississippi, Arkansas, and South Dakota, with wages between $20.50 and $21.10 per hour and salaries between $41,500 and $42,500 per year.
Plumbers, like many trades, will continue to be in high demand. In 2022, a lack of licensed tradespeople “who install and fix bathroom fixtures and piping systems drained $33 billion from the economy,” a report from bathroom-fittings maker Lixil found (via Morning Brew).
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…
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.
With the right combination of business savvy, financial planning, and long-term strategy, plumbers have positioned themselves as the next class of millionaires.
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.
You must spend four years as a plumbing apprentice to become a journeyman, earning an average of $81,000 annually. It takes two additional years of training to become a master plumber and command an average of $102,350 annually.
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.
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 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.
Job Security
Because plumbing is essential, plumbers are rarely out of work. People will always need their services, whether for emergencies, upgrades, or new installations. This makes plumbing one of the more stable career options, especially during uncertain economic times.
In the US, the Home Builders Institute's Construction Labor Market Report Spring 2021 found 55% of builders reporting plumber shortages. The US Bureau of Labor Statistics estimates there will be 48,600 plumber, pipefitter and steamfitter vacancies in the country each year between now and 2031.
Plumbing is not a dead-end job. There is always room to gain more training and specialties in order to land higher-paying jobs and work.
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.
The rise of smart home technology extends to plumbing in 2024 with the introduction of intelligent plumbing systems. These systems are equipped with sensors and advanced controls that allow homeowners to monitor water usage, detect leaks, and even adjust water temperature remotely through smartphone apps.