I'm exploring trade careers and want to focus on ones with good earning potential and plenty of job opportunities. What trades should I consider that balance high income and a high number of job openings?
Sure, there are a number of trades that balance high income with numerous job opportunities. Here are a few you might consider:
- Electrician: This job often offers a strong salary, with median annual wages being around $61,600 according to the Bureau of Labor Statistics. As a bonus, the demand for electricians is expected to grow about 11% by 2033—that’s higher than the average for all occupations. As we become more reliant on electricity, the need for skilled electricians continues to grow.
- Plumber: The plumbing profession is another trade that includes a solid salary and consistent demand. As of 2024, median annual wages for plumbers were about $61,550. As long as people use running water, there'll be a need for plumbers.
- Elevator Installer: This trade falls under the category of "Elevator Installers and Repairers". This is one of the highest paying trade jobs available, with median annual wages of about $102,000 in 2024. As more high-rise buildings are constructed, the need for people in this profession will only increase.
- HVACR Technician: An HVACR Technician's job entails installing, maintaining, and repairing heating, cooling, and refrigeration systems. As of 2024, the median annual pay was about $57,300. With new structures being built daily and older HVAC systems needing replacement or repair, job opportunities in this field are expected to grow.
Remember, you should choose a trade that not only has good earning potential and plenty of job opportunities but also aligns with your personal interests and aptitudes. Enrolling in a trade school or apprenticeship program could be the best way to gain the necessary skills and experience for these careers. Your earning potential can also increase with experience and additional certifications in your chosen field.
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