What Type of Contractor Makes the Most Money?

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Highest-Paying Contractor Roles

  • General Contractor: A general contractor oversees construction projects from start to finish.
  • Electrical Contractor: Install and maintain electrical systems in various settings.

What Are the Highest-Paid Contractors?

  • Elevator Installer and Repairer: Up to $97,000.
  • Boilermaker Installer: Up to $64,290.
  • Construction and Building Inspectors: Up to $61,640.
  • Other high-paying roles include electricians, plumbers, ironworkers, pipefitters, and more.

Making Money in Construction

  • The best-paid 25% of contractors made $49,160 per year, while the lowest paid made $29,700.
  • Construction superintendents can earn $85 per hour, and civil engineers average $36 per hour.
  • Skilled contractors in IT, engineering, consulting, finance, and healthcare are among the highest-paid.

Factors Affecting Profitability in Construction

  • Commercial construction sites tend to be more extensive than residential ones.
  • Longer leasing times in commercial projects lead to higher rental yields.
  • Commercial properties offer steady income even during economic downturns.

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