New Multifamily Housing Construction (except For-Sale Builders) — Average Employee Salary
The average employee in the new multifamily housing construction (except for-sale builders) industry earns $102,107 per year ($49.09/hour), according to Bureau of Labor Statistics QCEW data.
What Do New Multifamily Housing Construction Workers Earn?
At $102,107/year (equivalent to $49.09/hour for a full-time worker), new multifamily housing construction (except for-sale builders) wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical new multifamily housing construction (except for-sale builders) business employs 9 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average new multifamily housing construction (except for-sale builders) business generating $4.4M/year with 9 employees at $102,107 each, total payroll represents roughly 20.9% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a new multifamily housing construction (except for-sale builders)business, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $132,739/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 9 employees = ~$918,963/year in base payroll.
- Hourly equivalent: $49.09/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $4.4M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full New Multifamily Housing Construction (except For-Sale Builders) revenue benchmarks →Frequently Asked Questions
- How much do new multifamily housing construction (except for-sale builders) employees make?
- The average new multifamily housing construction (except for-sale builders) employee earns $102,107 per year, which is equivalent to $49.09/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the new multifamily housing construction (except for-sale builders) industry?
- The new multifamily housing construction (except for-sale builders) industry employs 45,811 workers across 5,044 establishments in the United States. The average business in this industry has approximately 9 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).