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Average Carpenters Salary in Lexington-Fayette, KY

Carpenters in Lexington-Fayette, KY, earn an average annual salary of $53,630. This figure is notably below the national average of $64,010, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of Lexington-Fayette influences the prevailing wage rates for skilled trades.

Executive Summary

  • Average Salary: $53,630 per year.
  • Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $72,480.
  • Outlook: With a local workforce of 1,120 Carpenters and a Location Quotient of 0.87, the job market in Lexington-Fayette, KY, indicates a slightly lower concentration of these professionals compared to the national average. While not indicating a shortage, this suggests a stable, albeit not booming, demand for carpentry services within the region.
2024 Market Data

Salary Overview

$53,630

The average Carpenters in Lexington-Fayette, KY earns-16.2%below the national average.

BreakdownBased on 40h/week
Hourly

$25.8

Weekly

$1,031

Monthly

$4,469

Carpenters Salary Distribution in Lexington-Fayette, KY

Carpenter salaries in Lexington-Fayette, KY, are expected to scale with experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps between junior and senior roles reflect the value placed on expertise and proven track records in the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$36,340$17.5
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$40,223$19.3
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$50,760$24.4
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$67,038$32.2
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$72,480$34.8

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$53,630

Gross Pay

Real Wage (Purchasing Power)

$53,630

Adjusted for COL (100)

The average annual salary of $53,630 for Carpenters in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Carpenter's salary in this region is equivalent to the national standard, offering no significant advantage or disadvantage in terms of affordability.

Job Market Context

1,120

Total Jobs

3.944

Per 1K Jobs

0.87

Location Quotient

Below Average

Lexington-Fayette, KY has 0.87x the national average concentration of Carpenters jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

The Location Quotient of 0.87 for Carpenters in Lexington-Fayette, KY, signifies that the profession is slightly less concentrated than the national average. This suggests that while there is a consistent presence of carpenters, the market is not oversaturated, potentially offering steady opportunities for skilled individuals without intense competition.

Nearby Job Markets

Nearby Cities for Carpenters

CitySalaryDist.
Central Kentucky nonmetropolitan area Carpenters Salary$52,710↓ 2%28 mi
South Central Kentucky nonmetropolitan area Carpenters Salary$48,760↓ 9%28 mi
West Kentucky nonmetropolitan area Carpenters Salary$51,340↓ 4%28 mi
East Kentucky nonmetropolitan area Carpenters Salary$48,030↓ 10%28 mi
Louisville/Jefferson County, KY-IN Carpenters Salary$55,210↑ 3%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Carpenterss?

Frequently Asked Questions

How much does a Carpenters make in Lexington-Fayette, KY?

The median annual salary for a Carpenters in Lexington-Fayette, KY is $53,630. This typically ranges from $36,340 for entry-level positions to $72,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 16.2% lower than the national median of $64,010.

Is Lexington-Fayette, KY a lucrative place for Carpenters?

No, not significantly more lucrative than the national average.Carpenters in Lexington-Fayette, KY earn $53,630, which is below the national average of $64,010. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.

Is Lexington-Fayette, KY a good place to live for Carpenters?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($52,710) and South Central Kentucky nonmetropolitan area.

What is the average salary for a Carpenter in Lexington-Fayette, KY?

The average annual salary for a Carpenter in Lexington-Fayette, KY is $53,630.

How does the Lexington-Fayette Carpenter salary compare to the national average?

The average Carpenter salary in Lexington-Fayette, KY ($53,630) is lower than the national average ($64,010).

What is the Cost of Living in Lexington-Fayette, KY?

The Cost of Living Index in Lexington-Fayette, KY is 100, which is exactly the national average.

How many Carpenters are there in Lexington-Fayette, KY?

There are approximately 1,120 Carpenters employed in the Lexington-Fayette, KY area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,120 employees in the Lexington-Fayette, KY area with a job density of 3.944 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY