How Much Does a Roofing Contractor Make?
Most roofing contractors earn less than $50,000 per job, but it’s important to note that the majority of roofs are underpriced. Economists argue that price is determined by the market, but that the marketplace would accept higher prices if contractors set them. Low bidders operate under false assumptions and are a great deal for buyers, but a pain for contractors. Roofing contractors make up the difference with their experience and marketing skills. roll roofing
The salary of a Roofing Contractor is higher in some cities than in others. For example, San Mateo, CA, earns over $56,000 per year, while Berkeley, CA, pays less than $35,000 per year. In other words, if you want to start a roofing company in California, you’ll have to pay close attention to the salary averages in these cities. The average salary for a Roofing Contractor in the Bay Area is higher than the national average, with only nine percent of owners earning under $50,000.
In addition to the owner’s salary, roofing contractors must pay their employees, which are the majority of their expenses. The wages of these employees are directly related to the amount of time they spend on each job. While a higher level of production will boost your income, it won’t necessarily mean higher salary. Typically, the owner’s salary is the highest overhead expense for a roofing business. You can earn more by cutting down the number of employees or increasing the amount of production, but the salary for the owner will be the biggest expense of all.
There are many ways to make more money than the average contractor. One way to make a good income in roofing is to be a good roofer. Good roofers are good at marketing their business and managing their company. They must be able to compete with the many other roofing contractors in their area. Roofing contractors are very competitive, so having a distinct selling point and reasons to choose you over the competition is important.
Another way to maximize your profit is by offering quality work. Quality roofs last longer and attract more customers. Roofing contractors can also set up side businesses and consultancies to make more money. If you have a side business or a consulting company, you can rent out your dumpsters to earn extra cash. The income from these businesses can be substantial, but the amount of time spent on these businesses will depend on their level of expertise.
The highest paying states for roofers include Massachusetts, Hawaii, and Connecticut. In terms of metropolitan areas, Rockford, Illinois, is the top metro area. Honolulu, Hawaii, is the third highest metro area. The northwest part of Illinois is the best non-metro area for roofing contractors. However, the average salary for roofers varies widely by state and city. The most common roofing jobs pay between $50K and $75,000 per year.