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Average Carpenters Salary in Madison, WI

Carpenters in Madison, WI, command an impressive average annual salary of $67,470, surpassing the national average of $64,010. This elevated compensation is largely influenced by the specific economic landscape and demand within the Madison metropolitan area. Factors such as local construction trends and the availability of skilled labor contribute to this favorable pay rate.

Executive Summary

  • Average Salary: $67,470 per year.
  • Growth Trend: Salaries have shifted 19.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $93,750.
  • Outlook: With a local workforce of 2,400 carpenters and a Location Quotient of 1.31, Madison, WI, demonstrates a notably higher concentration of these professionals than the national average. This suggests a robust and potentially growing demand for carpentry services within the region, indicating a healthy job market for skilled tradespeople.
2024 Market Data

Salary Overview

$67,470

The average Carpenters in Madison, WI earns+5.4%above the national average.

BreakdownBased on 40h/week
Hourly

$32.4

Weekly

$1,298

Monthly

$5,623

Carpenters Salary Distribution in Madison, WI

The salary progression for carpenters in Madison, WI, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify substantial career progression and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$46,910$22.6
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$50,603$24.3
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$62,490$30
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$84,338$40.5
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$93,750$45.1

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$67,470

Gross Pay

Real Wage (Purchasing Power)

$67,470

Adjusted for COL (100)

The average annual salary of $67,470 in Madison, WI, 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 Madison is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.

Job Market Context

2,400

Total Jobs

5.925

Per 1K Jobs

1.31

Location Quotient

Above Average

With a location quotient of 1.31, Madison, WI has a slightly higher-than-average concentration of Carpenters roles compared to the national norm.

A Location Quotient of 1.31 indicates that Madison, WI, has 31% more carpenters per capita than the national average. This suggests a competitive market, but also highlights a strong regional specialization and demand for carpentry skills, making it an attractive location for those in the trade.

Nearby Job Markets

Nearby Cities for Carpenters

CitySalaryDist.
Janesville-Beloit, WI Carpenters Salary$71,010↑ 5%33 mi
Rockford, IL Carpenters Salary$77,580↑ 15%59 mi
Fond du Lac, WI Carpenters Salary$64,930↓ 4%68 mi
Milwaukee-Waukesha, WI Carpenters Salary$67,450↓ 0%72 mi
Oshkosh-Neenah, WI Carpenters Salary$73,110↑ 8%77 mi

Comparing salaries near Madison, WI

Hiring Carpenterss?

Frequently Asked Questions

How much does a Carpenters make in Madison, WI?

The median annual salary for a Carpenters in Madison, WI is $67,470. This typically ranges from $46,910 for entry-level positions to $93,750 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 5.4% higher than the national median of $64,010.

Is Madison, WI a lucrative place for Carpenters?

Yes, Madison, WI is a lucrative place for Carpenters.Carpenters in Madison earn above the national average salary, and the cost of living is on par with the national average, offering strong purchasing power.

Is Madison, WI a good place to live for Carpenters?

The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($71,010) and Rockford, IL.

How does the number of jobs per 1,000 workers compare nationally?

Madison, WI has 5.925 carpentry jobs per 1,000 workers, indicating a slightly higher concentration of opportunities compared to the national average.

What is the significance of the Location Quotient for Carpenters in Madison?

A Location Quotient of 1.31 means that Madison has a significantly higher concentration of carpenters than the national average, suggesting strong local demand and specialization in the trade.

How does the salary compare to the cost of living in Madison?

The average salary of $67,470 in Madison perfectly matches the national average cost of living (100 index), meaning your earnings will have average purchasing power.

What is the total number of carpenters employed in Madison, WI?

There are approximately 2,400 carpenters employed in Madison, WI, contributing to the city's robust construction and trade sectors.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,400 employees in the Madison, WI area with a job density of 5.925 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 Madison, WI