Other Commercial and Industrial Machinery and Equipment Rental and Leasing — Average Employee Salary
The average employee in the other commercial and industrial machinery and equipment rental and leasing industry earns $79,761 per year ($38.35/hour), according to Bureau of Labor Statistics QCEW data.
What Do Other Commercial and Industrial Machinery and Equipment Rental and Leasing Workers Earn?
At $79,761/year (equivalent to $38.35/hour for a full-time worker), other commercial and industrial machinery and equipment rental and leasing 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 other commercial and industrial machinery and equipment rental and leasing 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 other commercial and industrial machinery and equipment rental and leasing business generating $5.7M/year with 9 employees at $79,761 each, total payroll represents roughly 12.5% 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 other commercial and industrial machinery and equipment rental and leasingbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $103,689/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 9 employees = ~$717,849/year in base payroll.
- Hourly equivalent: $38.35/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $5.7M/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 Other Commercial and Industrial Machinery and Equipment Rental and Leasing revenue benchmarks →Frequently Asked Questions
- How much do other commercial and industrial machinery and equipment rental and leasing employees make?
- The average other commercial and industrial machinery and equipment rental and leasing employee earns $79,761 per year, which is equivalent to $38.35/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 other commercial and industrial machinery and equipment rental and leasing industry?
- The other commercial and industrial machinery and equipment rental and leasing industry employs 79,848 workers across 9,132 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).