 |
| Region |
Contractor Rate |
Converted to
Yearly Income* |
Full Time Salary
|
| Midwest |
$54.40
|
$104,448
|
$54,000 |
| Northeast |
$46.86
|
$89,971
|
$47,000 |
| South |
$39.59
|
$76,013
|
$54,000 |
| West |
$47.73
|
$91,642
|
$57,000 |
|
|
The three most important words in real estate are location, location, location. The same could be said for contractor rates. Of the survey respondents, those working in the Midwest command 14% more than in the West, the next highest region. In addition, contractor rates in the Midwest are a whopping 37% more than those in the South, the region with the lowest average rate. For full time salaries, the West tops the charts with an average salary of $57,000.
Regions:
Midwest: IA, IL, IN, KS, MO, MN, MT, ND, NE, OK, SD, WI
Northeast: CT, DC, DE, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, VT
South: AL, AR, GA, FL, KY, LA, MS, NC, SC, TN, TX, VA, WV
West: AK, AZ, CA, CO, HI, ID, NM, NV, OR, UT, WA, WY
|
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| *To compare contractor rate with salary, we multiplied the hourly rate by 1,920 hours, assuming a 40-hour work week, two weeks of vacation and 10 holidays. |
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