Do Carpenters Make Good Money in 2023?
For anyone looking for a reliable profession with stable and good pay, carpentry can offer an attractive opportunity.By Jake Perry | Updated March 9, 2023
Do carpenters make good money on average? Yes, 25% of all carpenters earn salaries over $61,980/year. This is higher than the US average wage, making carpenters among the highest-paid skilled tradespeople in the U.S.
You can earn a six-figure salary with experience and the right qualifications. Carpentry is perfect if you’re looking for a stable career that pays well.
What Do Carpenters Make?
For anyone looking for a reliable profession with stable and good pay, carpentry can offer an attractive opportunity.
- According to the Bureau of Labor Statistics, carpenters make a median average of $23.20/hour in the United States.
What does this mean for you?
A carpentry career offers various employment opportunities for all kinds of people. Whether you’re just starting your career or have been working in the trade for some time, there are plenty of options and pathways to job security.
Think about it: Not only does a carpenter have access to job site work, but they can also easily transition into managerial roles such as project supervision or business management. You can also start your own company as a general contractor.
Key-Takeaway: With an increased demand for services associated with new-home construction, remodeling, and renovation, as well as custom design hardwood and wood crafting jobs, many carpenters find lucrative positions and salaries above their peers in other professions.
Carpenters Are in High Demand
Home construction projects require various skilled workers, from foundation layers to finishers, but none are as vital as the carpenter. After all, the carpenter puts up framing and walls, putting into place the essential structure of every home.
- Carpenters also construct items that furnish homes with livability and character, such as cabinets, stairs, and windows.
- Expert carpentry work is essential for sturdiness and safety.
- As a result of this demand, carpenters’ salaries have been steadily increasing yearly.
From residential to commercial construction projects or renovations, ranging in size from private dwellings to sprawling skyscrapers, carpenters remain an integral part of the housing industry.
And the Good news? With only a few good tools, planning, and skillful hands-on knowledge, artisanal craftsmen can produce masterpieces by turning raw materials into artistic works of beauty.
If you want to learn more about what it takes to become a carpenter, check out the article on the carpentry trade, which includes six reasons it is a good trade, and our article on how to operate a one-man carpentry business.
Are there opportunities for advancement for Carpenters?
With an increased demand for services associated with new-home construction, remodeling, and renovation, carpentry offers plenty of opportunities for advancement into managerial roles such as project supervision or business management.
Is the demand for Carpenters increasing?
Yes. In the current housing market, carpenters are in high demand. Home construction projects require various skilled workers, from foundation layers to finishers, but none are as vital as the carpenter. As a result of this demand, carpentry salaries and revenues have been on a steady rise year after year.
What qualifications do Carpenters need?
The qualifications for a carpenter typically include completion of an apprenticeship program, on-the-job training, and post-secondary education in carpentry. Specific skills required may vary depending on the job you’re applying for. Still, overall, carpenters need to have good attention to detail, as well as solid math, blueprint reading, and mechanical skills.
Carpentry is a Great Choice
The combination of flexible work hours, quality, and skilled craftsmanship make carpentry a great choice. Above all else, the satisfaction it brings when creating something that stands true -with pride- through all kinds of weather is worth more than money ever will be!
Becoming a carpenter holds much promise regarding making an income – both now and in the future.