Do Electricians Make Good Money? (5 Things You Should Know)  

An electrician is a fascinating career and can be lucrative if you know how to start. But how do electricians make good money? Where do they work? And most importantly – why should you choose this career over others?

There are so many myths and misconceptions about this type of career that it’s hard to find out what goes on inside the wires – but we’re here to help!

Do Electricians Make Good Money? 

You must first obtain a license by finishing an apprenticeship program or attending courses at a community college if you want to work as an electrician and earn well. You make an income while in training. Immediately after, you can find work as an electrician and work your way to a journeyman and then a master electrician. Additionally, you can consider starting your own business so that you may exercise total control over everything and take care of your financial affairs. 

We’ll take an in-depth look at what it takes to become a successful electrician and help you understand how you can make tons of fortune. Let’s begin!

1. Acquire State License

Participating in a trade or vocational school might expedite your journey to becoming an electrician.

From here, you must finish your apprenticeship’s requirements to qualify for a license. 

A skilled electrician is taught the tricks and regulations of the trade over several years of training. 

However, the requirements for obtaining a license or certification differ in each state. To work independently, you need to get a license.

Generally speaking, getting a state license 

  • is mandatory,
  • increases your credibility with clients, 
  • makes you more deserving of recommendations from others. 

2. Opportunities to Earn Good Income

On average, electricians make $60,000 annually, while a master electrician makes $75,000 yearly.  

Moreover, with experience, little help, and resources, establishing a company on your own gives you complete control over your firm.

Once started, you must become knowledgeable in basic accounting, management, customer service, and marketing. Marketing expertise is crucial to building leads and gaining new customers. 

Running your business can lead to uncapped earnings depending on your skills. However, Fox business and Zip Recruiter reported that higher-end income could be in multiple six figures

On the contrary, one could find overseas electrician jobs.

As you can see, you can undoubtedly make a lot of potential money if you ever decide to pursue overseas or be entirely on your own!

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3. Continued Education

Continued Education

As an electrician, you need continuing education to retain your license.

If you work in this industry, you must continue your education to advance your skills, compete with other contractors, and comprehend changes to electrical code systems.

If you don’t keep learning new things, you’ll undoubtedly fall behind quickly. 

Although ongoing education is legally obligatory for electricians, failing to master new skills would probably result in them losing their jobs entirely.

Taking the initiative and accumulating additional training hours separates you from your direct competitors. It offers you the chance to choose various jobs with more outstanding salaries!

4. Metropolitan Cities

An electrician could work on 

  • Elevators and escalators, 
  • Residential buildings, 
  • power generation plants, 
  • oil refineries, 
  • manufacturing plants, 
  • automotive plants, and 
  • steel mills.

As well as that, electricians make good money maintaining metro trains in New York City, Los Angeles, Miami, Boston, Chicago, D.C, and Dallas or Texas.

Electric job openings are also in demand in Canada, Australia, New Zealand, and London.

Overall, everywhere there is a need for electricians. All you need to do is find the locations with the highest pay rates!

5. Skilled Future

The Bureau of Labor Statistics forecasts an annual 7% expansion in electrician employment opportunities.

More electricians will be needed to fulfill the increasing energy demands in the country. In addition, more electricians are required to construct and operate these electrical systems since consumers consume more electricity than they did initially.

In estimating future events, the U.S assumes that there will be sufficient electricians to reach the customer.

Overall, it is acceptable for electricians to charge more than other occupations because 

  • they handle emergencies, 
  • work in risky jobs and 
  • are in great demand by society.

To learn more, you can also see our posts on Carpentry, Plumbing, and Pipefitter.


Looking around, you’ll see that electricians are some of your most skilled and in-demand professionals. 

Most experts in the field agree that it has a promising future ahead. Many believe this will be one of the country’s fastest-growing fields.

Ultimately, an electrician’s career can lead to a successful, rewarding and lucrative future!