The May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB) revealed that half of all payroll workers in construction earn more than $54,540, while the top 25% make at least $77,030. The highest salaries went to chief executive officers, with half of all CEOs making more than $163,410 annually and the top 25% of the highest paid CEOs earning more than $234,090 per year, according to NAHB's Eye on Housing.
Lawyers working in construction are next, and out of the following 12 highest paid trades in construction, 11 are various management positions.
The highest paid managers in construction are architectural and engineering managers, with half of them making over $143,420 and the top 25 percent on the pay scale earning over $174,880 annually.
Among construction trades, elevator installers and repairers top the median wages list with half of them earning over $100,480 a year, and the top 25% making at least $123,020. Rock splitters/quarry are next on the list, with half of them making over $81,590 and top quartile earning at least $84,610. First-line supervisors of construction trades are next on the list. Their median wages are $74,330, with the top 25% highest paid supervisors earning more than $93,600.
Education + Training
Harvard Summer Fellows Tackle Housing-Related Issues
A group of 13 students from the Harvard Graduate School of Design and the Harvard Kennedy School are working to resolve a host of housing issues this summer
Tune Into Livestreams of NAHB's Spring Leadership Meetings This Week
Livestream links are available for those unable to attend the National Association of Home Builders' 2023 Spring Leadership Meetings in Washington, D.C., this week
Labor + Trade Relations
The Construction Workforce Is Aging Faster Than the National Labor Force
The median age of construction workers varies by state, but nationally, construction workers are one year older, on average, than the typical U.S. worker in other labor sectors