Highest Paying Areas in Plumbing
What types of plumbers make the most money? Plumbing contractors tend to make more as they oversee projects, not just fix leaks. Industrial plumbers also make good money working on large-scale projects like power plants and oil rigs. The top-paying industry for plumbers is steel manufacturing. Union plumbers also tend to have higher wages.
A master plumber charging $45 per hour and working 8 hours per day can make up to $100,000 per year running a one-person company. The most profitable plumbing services are often specialty services like trenchless sewer line installation. These niche services allow you to charge a premium since they require special training and equipment.
Becoming a Plumber
Training to become a plumber varies. A traditional apprenticeship takes four years, while a fast-track plumbing course can last 4-16 weeks. The median salary for plumbers in 2019 was $55,160. The best-paid 25% made $73,380, while the lowest-paid 25% made $41,230.
The Millionaire Plumber
Can plumbers become millionaires? Yes, owning a plumbing business provides opportunities to grow income exponentially through multiple revenue streams. Specialized services allow charging premium rates. Effective business management, excellent customer service, marketing, and networking are key to building a reputation and attracting more clients. Entrepreneurial skills allow offering innovative services.
Disadvantages and Risks
Plumbing has disadvantages like physical dangers leading to cuts, burns, or even death. But it is one of the most highly paid trades. Plumbers make enough to support a family and save for retirement.