The main advantage of plumbing is that it offers many opportunities and security to individuals with unique skill sets.
So, do plumbers make good money? They do. There are many plumbing companies in the United States which provide lucrative packages. Check out this essential guide on how a plumber makes excellent wages!
Do Plumbers Make Good Money?
The plumber makes a good income. You start earning early, even as an apprentice. Over time you start earning a lot more by obtaining certifications such as Master Plumber. In addition, you’ll probably increase your earnings if you live close to one of the large cities. Lastly, you can launch your own company and hire staff to increase your income!
If you want to know how much and how plumbers earn, this article will help you! Let’s dive in!
1. Obtain Greater Expertise
Entry-level incomes for plumbers start at $42,706 per year, with most experienced professionals earning up to $90,000 annually.
As you can see, a plumber in the U.S. earns an average salary of $59,880 per year or $28.77 per hour.
These specialists are well compensated for their training, license, and insurance, not to mention marketing, to develop a set of clients.
Additionally, a plumber has a lot of pricey, idle tools and equipment and invests in certifications and training.
Generally, plumbers get paid more because of the qualification, tools, and expertise they acquire!
2. Acquire Certifications
By earning credentials like those for Master Plumber, Certified Master Plumber (CMSP), Certified Boilermaker, and Certified Gasfitter (GCF), you can make a much higher income.
Because plumbing is a very technical and complex job, it requires plumbers to master tight regulatory standards.
Unskilled laborers cannot handle most of the plumbing since they would severely harm everything. Thus, plumbers are skilled individuals equipped to work on this.
Certified plumbers get paid more because they are experienced and valuable!
3. Commercial Plumber
Contrary to popular belief, plumbing is not as simple as it seems.
However, there are a lot of simple repairs that typically cost less than in the hotel and construction sectors.
Some plumbers have a high skill level and can diagnose any plumbing situation, like in the commercial, industrial, multi-family, residential, and institutional, each with unique problems.
Therefore, plumbers can charge much more than they make if they go to a better and more developed economic sector!
Due to market competition, plumbers typically operate under the model of offering 24-hour, 7-day service to these business industries. Furthermore, plumbers can typically charge higher rates for jobs outside standard hours.
4. Transition to Your own Enterprise
A plumber launching a new business controls the income, such as wages, extra resources, marketing, and expenses.
Positively, some plumbers made a ton of money and retired with a seven-figure retirement account managing their own business. They are entirely debt-free, have spent the last five years traveling the globe, and plan to enjoy their retirement.
However, they recommend managing the finances well and working with financial advisors and accounting professionals.
In that case, plumbing is a profession where you can make a ton of money if you do well in finances and nurture your business despite other competition!
5. Target Major US Cities
As a plumber, you’ll probably earn more money if your location is adjacent to large cities like New York City, D.C, Los Angeles, or Houston.
Texas had the most opportunities, with 31,570 jobs out of 340,370 available, with a mean salary of $58,913 a year.
At the same time, New York City topped the list with 11,600 plumbers earning an average of $62,518 a year in urban areas.
Regarding high pay, Alaska’s high cost of living drove compensation to a mean salary of $79,000 per year.
With mean wages of $66,500 annually, Nassau and Suffolk Counties in New York State ranked first among metro regions.
Overall, the demand for new development and the necessary plumbing will increase as the population and economy rise. Opportunities will also arise from the drive to adhere to higher water-saving regulations!
Find out if is plumbing hard.
Conclusion
Overall, plumbers make good money.
You can start your company or work with a local contractor to help them increase their business profit.
Ultimately, the potential for this career extends far beyond financial returns on your investment. The desire to help others in moments of need, plus a certain thrill and interest in the plumbing industry itself, helps drive many people into this career path!