As per the newest stats from the Bureau of Labor Statistics, the typical electrician earns just over $48,000 yearly. That’s according to the figures reported by the 577,000 electricians employed in the country up to May 2010, and that of course includes electrician apprentices and also journeyman and master level electricians.
Of course, there’s a massive difference between the pay an electrician apprentice gets in contrast with the more seasoned electricians. In line with the most up-to-date information, the lowest 10 percent of the electricians surveyed took home close to $28,000, and the top 10 percent of the group earned close to triple the pay at $80,000. That is a huge variation in salary Electrical Contractors Liverpool!
Variables That Determine An Electrician’s Wages
Although the mean electrician income estimate determined by the BLS is a decent indicator of how much an electrician can make, it does not necessarily give the full picture. Effectively, your wages as an electrician depends on quite a few variables, including:
– Union membership
– Level of experience
– Number of hours you operate
Generally, the more experience you have and the more qualifications you hold, the more you are likely to bring in. Obviously, electricians in certain areas get paid far more than other electricians on average, nonetheless they have to face higher costs of living and costs of being in business too.
A Thorough Overview Of Electrician Income Information
The following is a rough overview of what you will probably earn for being an electrician based on your specialty area as well as credentials:
1. Apprentice Electrician: $20,000 – $22,000 per year
2. Journeyman Commercial Electrician (Non-Union): $27,000 – $37,000 per year
3. Journeyman Industrial Electrician (Non-Union): $50,000 – $62,000 per year
4. Journeyman Electrician (Union): $60,000 – $70,000 per year
If you are a master electrician holding an electrical contractor’s permit, you will earn a great deal more due to the fact that you’ll have the capacity to engage your own staff and generate business earnings in addition to your personal significant hourly wage.
According to the projections made by the Bureau of Labor Statistics, the sector is in great health and electricians will carry on being very much sought after for years to come. In fact, we will see 130,000 brand new electrician openings created in the following 10 years.
Based on these projections, now is the best time to work towards becoming an electrician, especially if you’re prepared to put in the necessary effort by becoming an apprentice.