BASE4BASE4

  • PROJECTS
  • ABOUT
  • BLOG
  • CAREERS
  • CONTACT
Wednesday, 17 May 2023 / Published in Base4

2023 Insights | Increasing Construction Wages By State

Reading Time: 3 minutes

Construction costs are at the forefront of every discussion we have these days. Here at BASE4, we have one goal: to help developers build cheaper and faster. One item that weighs heavily on construction costs is labor wages.  Average hourly rates have been rising nationwide, but you might be surprised to see the states that are increasing the fastest. Read on.

Percent change in average hourly earnings in construction

I Have a Project I Want to Discuss!

 

As of February 2023, ten states have reported non-seasonally adjusted AHE exceeding $40 per hour.  Seven states also reported an increase in hourly rates of over 10% in the last year alone:
  • Georgia (12.1%)
  • Texas (11.5%)
  • Idaho (11.4%)
  • Wyoming (11.1%)
  • Oregon (10.5%)
  • Minnesota (10.4%)
  • Alabama (10.3%)

On a monthly basis, the average hourly earnings grew fastest in Kentucky (2.4%), Arkansas (2.4%), and Michigan (2%). These are all states where developers are likely to see substantial increases in labor costs.

Below is a summary of the average hourly earnings by state. Note that the highest rates still remain in the northern half of the US.

Average hourly earnings in construction

We Help Developers Build Cheaper & Faster

We understand the market and are committed to helping developers and GCs navigate these challenging times. We believe in a PRODUCT mindset—bringing standardization and manufacturing principles to the AEC industry. We help developers, general contractors, and factories find better and cheaper ways to build through innovative technology, forward-thinking design, and offsite manufacturing.

BASE4 | The Fastest and Cheapest Way to Build in 2023

Projects are becoming harder to build for one reason—cost…

Read More

 

Let’s talk about your next project!

 

Thank you,

Blair Hildahl
BASE4 Principal
608.304.5228
BlairH@base-4.com

Related Posts

  • Why Developers Are Choosing BASE4
  • Developers | Multifamily Development Opportunities in Texas
  • 2023 Insights | The best HVAC System for your hotel project
Tagged under: Prefabrication/Offsite

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

HOT NOW

  • Addressing The Rising Construction Costs
  • Major Hotel Prototype Upgrades
  • A Look Into Prefabrication

Popular Topics

loader
Meta Data and Taxonomies Filter

Tags

  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
  •  
    loader
loader

Join 14,000 industry professionals

We send well-researched and expert-authored articles that help you build better.

Enter your primary/work email

 

STAY UPDATED

With our latest news and insights.

Enter your primary/work email

Florida Registered Architectural Firm - AA26003324

© 2023 Base4 | All rights reserved.
  • PROJECTS
  • ABOUT
  • BLOG
  • CAREERS
  • CONTACT
TOP