Electrical Contractors and Other Wiring Installation Contractors Revenue Benchmarks

How much does the average electrical and other wiring installation business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$2.7M

per year

💰

Profit Margin

7.0%

industry average

📈

Revenue / Employee

$230K

per year

👤

Total Businesses

77,550

in the US

🏢

Est. Owner Income

$189K

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

23.4

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$294K
5-9 employees
$1.1M
10-19 employees
$2.6M
20-99 employees
$8.8M
100-499 employees
$44.9M
500+ employees
$243.1M

🏆 Highest Revenue States

1.Oregon$3.9M avg2.Maryland$3.7M avg3.Nevada$3.6M avg4.Virginia$3.5M avg5.Louisiana$3.4M avg6.Washington$3.4M avg7.Ohio$3.2M avg8.Hawaii$3.2M avg9.Texas$3.2M avg10.California$3.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

10.5%

openings/year

Closure Rate

8.39%

closings/year

Net Job Growth

+4.08%

annual

Businesses Closed

12,921

in 2023

Firm Count Trend

19
20
21
22
23
165,546 firms177,201 firms

💡 Should You Start a Electrical and Other Wiring Installation Business?

Startup Cost

$15K – $75K

Break-Even

3 months

5-Year Survival Rate

58.0%

🆚 Related Industries

Residential Remodelers$581KPlumbing, Heating, and Air-Conditioning Contractors$2.4MNew Single-Family Housing Construction (except For-Sale Builders)$766KSite Preparation Contractors$2.5MCommercial and Institutional Building Construction$4.6M

Compare Electrical Contractors and Other Wiring Installation Contractors revenue with other industries:

vs Residentialvs Plumbing,vs New