How Much Does a Handyman Make?
As a handyman, you're a jack-of-all-trades, providing a wide range of services to homeowners, business owners, and property managers. Your skills can range from fixing leaky faucets to building custom furniture, and everything in between. But have you ever wondered, how much does a handyman make?
Factors Affecting Handyman Salaries
Handyman salaries can vary greatly depending on several factors, including:
Location
Handymen in urban areas tend to earn more than those in rural areas. Cities with a high cost of living, such as New York or San Francisco, often have higher hourly rates.
Experience and Skills
More experienced handymen with a broader range of skills can command higher rates. Specialized skills, like electrical or plumbing work, can also increase earning potential.
Type of Services Offered
Handymen who offer specialized services, such as carpentry or HVAC repair, may charge more than those who focus on general repairs and maintenance.
Competition
Areas with a high demand for handyman services and limited competition can result in higher earnings.
Average Handyman Salaries
According to the Bureau of Labor Statistics (BLS), the median annual salary for handymen in the United States was $43,610 in May 2020. However, salaries can range from:
Basic Handyman Services
- Hourly rate: $25-$40 per hour
- Annual salary: $40,000-$60,000
Skilled Handyman Services
- Hourly rate: $40-$75 per hour
- Annual salary: $60,000-$100,000
Specialized Handyman Services
- Hourly rate: $75-$150 per hour
- Annual salary: $100,000-$200,000
Tips to Increase Earnings as a Handyman
Develop a Niche
Specialize in a particular area, such as bathroom renovations or deck building, to stand out from the competition and increase earning potential.
Build a Strong Online Presence
Create a professional website and utilize social media to attract clients and showcase your skills.
Offer Emergency Services
Provide emergency repair services, such as 24-hour plumbing or electrical repair, to earn a premium rate.
Get Certified
Obtain certifications, such as OSHA or EPA certifications, to demonstrate your expertise and increase credibility with clients.
Conclusion
As a handyman, your earning potential depends on a variety of factors, including your location, experience, skills, and services offered. By developing a niche, building a strong online presence, offering emergency services, and getting certified, you can increase your earnings and succeed in this rewarding trade.