From rows upon rows of staff throwing up new housing developments to new high-rise buildings climbing their approach upward slowly over months, building as an business and an occupation is a cornerstone of the American financial system. Unfortunately, building staff can expertise superior increase instances, like the house constructing frenzy of the 2000s housing bubble, to severe lows, reminiscent of within the early 2010s after the bubble burst.
However, what’s much less well-known is which sorts of building jobs earn probably the most cash. In order to establish the very best paying building jobs, we analyzed knowledge from the Bureau of Labor Statistics’ (BLS) Occupational Employment Statistics (OES), and zeroed in on occupations that fall into their class Construction and Extraction Occupations, whereas ensuring to exclude extraction jobs. (According to the BLS’s occupation codes, 47-0000 is the code for Construction and Extraction Occupations, however building jobs fall between 47-1000 and 47-5000, with the latter marking the beginning of Extraction Occupations).
Read on to seek out out the very best paying building jobs in 2023.
10 Highest Paying Construction Jobs in 2023
Looking on the highest paying building jobs of 2023, 4 jobs have common annual salaries in extra of $70,000. For comparability, the typical annual wage for All Occupations within the U.S. is $61,900 per 12 months. The different six highest paying building jobs have common annual salaries of over $63,000, which is just barely higher than the nationwide common for All Occupations.
What’s attention-grabbing, although, is that almost all the very best paying building jobs have skilled a gentle enhance in wages during the last 5 years. For instance, the No. 1 highest paying building job in our record skilled a rise of 21.8% from 2017 to 2022 (12 months the newest BLS wage knowledge is on the market for): From $77,130 as much as $93,960.
Below is a breakdown of the highest 10 highest paying building jobs within the United States:
1. Elevator and Escalator Installers and Repairers
Average Annual Elevator and Escalator Installers and Repairers Salary: $93,960
Average Hourly Elevator and Escalator Installers and Repairers Wage: $45.17
2. Construction Managers
Average Annual Construction Manager Salary: $77,650
Average Hourly Construction Manager Wage: $37.33
3. Pile Driver Operators
Average Annual Pile Driver Operator Salary: $70,220
Average Hourly Pile Driver Operator Wage: $33.76
4. Construction and Building Inspectors
Average Annual Construction and Building Inspector Salary: $70,130
Average Hourly Construction and Building Inspector Wage: $33.72
Average Annual Boilermaker Salary: $69,780
Average Hourly Boilermaker Wage: $33.55
Average Annual Taper Salary: $65,880
Average Hourly Taper Wage: $31.67
Average Annual Electrician Salary: $65,280
Average Hourly Electrician Wage: $31.39
8. Plumbers, Pipefitters, and Steamfitters
Average Annual Plumbers, Pipefitters, and Steamfitters Salary: $65,190
Average Hourly Plumbers, Pipefitters, and Steamfitters Wage: $31.34
9. Structural Iron and Steel Workers
Average Annual Structural Iron and Steel Workers Salary: $64,800
Average Hourly Structural Iron and Steel Workers Wage: $31.15
10. Rail-Track Laying and Maintenance Equipment Operators
Average Annual Rail-Track Laying and Maintenance Equipment Operators Salary: $63,840
Average Hourly Rail-Track Laying and Maintenance Equipment Operators Wage: $30.69
Trends within the Highest Paying Construction Jobs
There are some noteworthy traits in relation to the very best paying building jobs. The building occupation that skilled the most important development in common annual pay is Helpers-Roofers, which elevated by 37.6%, from $29,710 in 2017 to $40,880 in 2022. Terrazzo Workers and Finishers are available in second place right here, seeing its common annual wage enhance by 35.5% over the identical interval: From $45,520 to $61,680. And the development job with the third highest development during the last 5 years is Stonemasons, which elevated by 32.4%: From $42,370 to $56,100.
Looking on a state-by-state stage, the very best paying building job nonetheless tends to be Elevator and Escalator Installers and Repairers. In Hawaii, they earn a median annual wage of $123,910; in Massachusetts, they earn $118,930 on common; and in Maine, they earn $117,400 on common.
Below you’ll discover a desk of all highest paying building jobs within the U.S. that the BLS has wage knowledge for. Included within the desk are the occupation titles, common hourly wages, common annual wages, and alter during the last 5 years: