fbpx

This is our 2016 report. To view the current report please click here.


We’re very pleased to release our 2016 report on how much Australian tradies earn.

There is always plenty of talk about the subject, and our previous reports have proven to be very popular.

Here at Trade Risk we are very privileged to see the income figures of thousands of tradies every year, and this is what enables us to put together this report.

The report covers a wide range of building and construction trades from all corners of Australia.

We’ll look at the average incomes for the top 10 trades, and we’ll also look at how they’ve changed from previous years.

Who are the big winners in 2016?  Read on to find out…

The Top 10 earning trades

Our biggest finding this year was that the gaps between the top ten trades narrowed significantly.

In previous years this chart featured quite a slope from the highest to lowest earning trades, but this year it is significantly flatter.

How much did tradies earn in 2016

Boilermakers lost their place at the top of the list for the first time in our report’s history.  They were replaced by electricians, who jumped up from second position.

The big surprise was seeing plumbers drop down the list from third to sixth, behind bricklayers, tilers and plasterers.

Do we really think plumbers are earning less than the three trades in front?  It seems unlikely, but we’ve checked the figures and that’s what we have.

It’s worth noting that the reason for the drop is not because plumbers are earning less than previously, but simply because the other trades had larger increases in their average income.

As always there were a small number of trades and occupations that could have featured in the top ten, however the number of entries were considered too low to be statistically accurate.

These included refrigeration mechanics, air conditioning contractors, concreters,  earthmovers, riggers, scaffolders and stonemasons.

Comparison to the national average

Our figures show that the average income for a tradie is $76,800. That’s up from $70,500 in our last report and $68,900 prior to that.

The national average income in Australia, according to the ABS, is $78,900.

It’s important to remember that our figures include tradies who are predominantly sole traders and subcontractors, whereas the national average from the ABS will include all sorts of outrageously paid people.

For that reason, just because the tradie average is below the national average, it does not mean that a typical tradie earns less than a typical non-tradie.

Overall income bands

Another interesting metric to look at is how many tradies fall into the different income bands.

Tradie Incomes 2016

As with last year we found that the largest group, making up around 41% of tradies, sits in the $50k to $75k range.

The good news is that the lowest range, up to $50k income, shrunk from 27% to 18%.

The $50k to $75k range expanded slightly from 40% to 41%, and the $75k to $100k range expanded strongly from 27% to 32%.

Ultimately this means that more tradies are earning $50k+ and $75k+ than last year, which is a good thing.

A lucky (or should that be hard working) 9% of tradies made it into six figures.

Keep in mind that these numbers relate to personal income, or basically the profit of the business.

If you still have $100k after paying all of your business expenses you’re doing well!

Conclusion

If you want to earn more than the national average, most of the trades in our top ten list will get you there.

Although the bottom few trades in the top ten have average incomes lower than the national average, it’s important to point out that plenty of those tradies are still doing very well for themselves.

For example although carpenters have an average income lower than the national average, our figures included plenty of chippies with incomes over $100k.

By the same token, the figures also included dozens of electricians and plumbers with income below the national average.

The takeaway here is that although some trades do have higher incomes on average, any tradie can earn a great income if they work hard enough and smart enough.

Want to see the previous reports? Follow the links to our 2014 and 2013 reports.

Important information about the figures

When looking at these figures it’s important to get some background on where they’ve come from.

The typical tradesman client of Trade Risk is a subcontractor or sole trader, often working on their own or with just a few staff.

Whilst there will be some clients running large teams and earning very strong six figure incomes, these are certainly not the norm.

It’s also important to note that the figures are based on personal income declared for income protection. So the figures are based on profit, not turnover.

Some tradies may say they ‘earn’ $100k, but if their business expenses are $25k a year then the figure we take is $75k.

We don’t claim that our figures are 100% accurate and reflect every tradesman across every industry.

But what we can say is that the figures have come from over 2,000 tradies from all states and territories, and based on previous years they appear to be quite consistent across the years.


How much do tradies really earn

Tradies Love Trade Risk

In 2017 Trade Risk was awarded a Gold Trusted Service Award for the amazing service we offer to thousands of tradies from around Australia.

  • testimonial background
    "Very polite and great value"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good service no hassles have recommended trade risk to a few people."
    Matthew Hore | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "The Trade Risk service provided was seamless as they advised me in advance that my trade insurance was due and after completing my renewal online Trske Risk came back with a good premium and completed the process without any unnecessary communication. Great service that I highly recommend."
    Joseph Mifsud T/As Joe D Handyman | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "I have always been happy with their service and would recommend them definately."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "I was caught out renewing my policy, but Trade Risk organised everything and made sure I was covered with my Public Liability Insurance."
    Peter Torti Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Yeppppppppp"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good price & great service"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Being in a bush fire disaster zone , your safe are lovely They were helpful and quick Really nice That’s what we need Thankyou"
    David Brazzani | Tradesman Insurance | Narooma
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "The Team at trade risk sorted out my request quickly and efficiently"
    Oliver William Darvell | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very quick response and easy to deal with."
    Paramount Construction Group Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "excellent communication - very efficient service"
    Jake Robert Prosser | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great service, easy to deal with. Found us great comparison rates when renewing our insurance"
    J Bremer & A Magyar | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Can't complain about the pricing and coverage. They're a bit delayed in getting a renewal notice and quote for me to be able to make payment - this needs improvement."
    Andrew Gardiner | Tradesman Insurance | Ipswich QLD
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Better pricing, goes up every year risk does not !"
    Brian Arthur Chedgey | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Trade Risk is very good to deal with and really look after their customers"
    Saiyaaz Khan | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Was very easy as I have had an insurance broker for last 15 years who was charging me way to much."
    B&H Cotter Pty Ltd ATF The Cotter Family Trust | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Easy to deal with and gentle reminders on policy expiry. Daughter works in insurance and still recommends this company ."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Prompt and timely reminders and receipt after payment"
    David Vickers | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full