Currently Reading

2018 Wage & Benefits Study: New York City


2018 Wage & Benefits Study: New York City

We surveyed hundreds of design-build firms across nine of the country's most active remodeling markets, to finally answer the question: what is competitive pay? Production managers in New York represent the only title across all nine markets where every respondent had job-related education.

October 5, 2018

Studying remodeling companies in New York is a challenge. The city is very different from the surrounding areas and a project in Manhattan will cost more. (At least one company working there adds parking tickets as a budget line item.) Sixty-seven percent of our New York respondents take on projects in the city, while 33% serve the surrounding communities. 

Average revenues and job sizes for respondents were $2.7 million and $75,000, respectively. 

In terms of pay, New York leads the nine markets for carpenters and production managers. The city would have the No. 2 spot for project managers, except a small number of outliers on the low end brought down the average. Removing those firms results in a mean of $90.7K, which is probably a better reflection of the current market. 

*Insufficient data for statistical accuracy

No doubt it’s an effect of the labor crisis, but there’s a notable shortage of data for less experienced production staff. Additionally, the average for carpenters with 2-5 years’ experience is based on a smaller number of responses than is needed for statistical representation. We included it because even if the figure is somewhat accurate, it shows a wage that’s too low to attract most workers. 

Production managers in New York represent the only title across all nine markets where every respondent had job-related education. In this case, examples included four-year degrees in specialties like construction management. Also notable is the large pay differential between carpenters with job education and those without. 

Raises in New York are consistent except for production managers who are projected to see a 6% increase over the next 12 months. Interestingly, New York remodelers are more likely to pay commission to production staff than companies in other markets. More than 45% of carpenters and lead carpenters receive some form of commission.

New York remodelers pay well, but when it comes to benefits—especially medical and dental—they lag behind most of their counterparts. Interestingly, there is no correlation between companies that offer medical benefits and those that pay a higher wage or provide bigger raises.  

Return to full results


Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Related Stories

Preparing for an Uncertain 2024

Here's how remodelers can prepare for unpredictable market

4 Steps to Prep Your Business for Contraction

How a remodeling company plans ahead for the worst of times (and the best of times)

Creating a Company Fire Drill: How to Prepare for the Worst

A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected

The Fundamentals of Growing Profitably

On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth

3 Things to Add to Your Construction Contract—From a Lawyer

Did you know you can add these three elements to your contracts?

Study Finds Remodelers’ Net Profits Declined

How far did net profits decline and what's influencing the drop?

The Home Depot Bets on Pros Amid Predictions of Flat Sales Growth

For the first time since 2019, The Home Depot’s revenue fell short of Wall Street’s predictions amid a general softening in the home improvement market

Indicators of a Softening Market and How to Prepare

Market conditions could be changing, but don't panic. Richardson shares ways to stay on top of market conditions and how to prepare for any potential softening down the road.

Estimating Three Ways

Three remodelers reveal how they estimate a project

Grow Your Business Through Collaboration with Remodeling Peers

Remodeling Mastery Forums offers a unique business opportuniy for remodelers


More in Category