I'm thinking about going into a trade instead of attending college, but I'm curious about the potential salaries. What are some of the well-paying trade jobs, and what kind of income could I expect starting out?
There's a wide range of career possibilities in the trades, so pay can vary considerably based on the field you choose, your level of experience, and the region in which you work. However, I can provide some general figures to help give you an idea.
Plumbers, for example, have a median annual salary of around $58,500, according to the U.S. Bureau of Labor Statistics, with the top 10% earning over $95,000. Electricians, meanwhile, earn a median annual salary of nearly $58,500, with the highest earners making over $78,000.
Carpenters earn a median annual wage of nearly $49,000, with the upper 10% earning over $60,000. Elevator installers and repairers are among the highest-paid in the trades, with a median annual wage of around $80,000, and the top 10% earning over $125,000.
HVAC (Heating, Ventilation, and Air Conditioning) technicians also have the potential to earn significant salaries, with a median annual wage of approximately $50,000 and the highest 10% earning over $100,000.
In terms of starting salaries, it's important to remember that many individuals in the trades start their careers with apprenticeships, during which they earn a lower wage while receiving on-the-job training. On completion of an apprenticeship, however, wages typically increase significantly.
Remember that these are just averages and actual salaries can vary. Factors such as location, level of skill, specialization, and years of experience can significantly influence earnings. Also, many tradespeople operate their own businesses and can earn significantly more depending on the success of their business.
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