How Much Does an Electrician Make? Electricians made a median salary of $56,180 in 2019. The best-paid 25 percent made $73,940 that year, while the lowest-paid 25 percent made $42,180.

Income and Salaries for El Paso – The average income of a El Paso resident is $20,050 a year. The US average is $28,555 a year. – The Median household income of a El Paso resident is $42,037 a year.

The average salary for an electrician in Texas is around $50,980 per year.

The national average annual wage of an electrician is $59,190, according to the BLS, somewhat higher than the average annual salary for all occupations, $51,960. The average electrician salary can vary significantly depending on the state. Below is a list of the top-10 highest-paying states for electricians.

The top 10 percent of electricians earn more than $82,680. But if you are working overtime or are taking on commercial jobs, you can easily make six figures. … A journey-level union worker electrician in San Francisco makes about $150,000 a year.

Electricians CAN make 100K per year. This is assuming that they are trained (gone through an apprenticeship) or certified (journeyman or Master) in their respective area.

America will face a shortage of electricians in the near future, according to the U.S. Bureau of Labor Statistics (BLS) and the National Electrical Contractors Association (NECA). The trade group says that 7,000 electricians join the field each year, but 10,000 retire.

When it comes to income, electricians come out on top. An electrician in the U.S. earns an average of $51,880 each year. A plumber earns just a little less, with a median annual salary of $50,620. HVAC technicians earn the lowest wages of the three, with a median annual income of $45,110.

Electricians tend to be bright. The average IQ is 110, just above normal. Electrical installations require a measure of intelligence to do them correctly.

Can I be an electrician if I’m bad at math? You can have a successful career as an electrician knowing nothing more than basic arithmetic and, maybe, very elementary algebra. Don’t be intimidated by the algebra, it’s not as difficult as it looks. The higher you go the more math you will need.

Thousands of electricians enjoy their trade and the challenge of solving electrical problems. Becoming an electrician is well worth the 4-year apprenticeship. You can make a good living. In fact, electricians are the highest paid of the skilled trades, with plumbers a close second.

Electricians may be paid by the hour or by day rate so they can only earn their rate or the maximum hours you can fit in a day. Sometimes they may be on a price so if they complete a job quickly, it’ll maximise profits but regardless, you won’t become that millionaire when you work for somebody.

For every 100,000 electricians in 2016, 10 died from occupational injuries, nearly three times the national rate.

5 Ways to Make More Money as an Electrician

1. Take Continuing Education Classes. To maintain your electrician’s license, you may be required to take continuing education classes.
2. Start Your Own Business.
3. Regularly Look for Other Employment Opportunities.
4. Ask for a Promotion or Raise.
5. Change Specialties.

One of the biggest myths out there is that average millionaires see “debt as a tool.” Not true. If they want something they can’t afford, they save and pay cash for it later. Car payments, student loans, same-as-cash financing plans—these just aren’t part of their vocabulary. That’s why they win with money.

The National Study of Millionaires

• Ramsey Solutions conducted the largest survey of millionaires ever with 10,000 participants.
• Eight out of ten millionaires invested in their company’s 401(k) plan.
• The top five careers for millionaires include engineer, accountant, teacher, management and attorney.

If a millionaire doesn’t budget properly and starts spending on personal chefs, expensive cars, and other luxury amenities, they will quickly run out of money. Sometimes millionaires — especially new millionaires — feel they have so much money, that they lose perspective on what they can afford.