As a general rule of thumb your contractor rate should be at least 50% more than you'd get for the same work as an employee.
A $200,000 a year salary is downright middle class if you're living in a big city like San Francisco, Los Angeles, Seattle, New York, Boston, Washington D.C., or San Diego.
Even if you make $70K a year, you're still considered 'low income' in L.A.
In rural areas of the state, 150k would allow you to live very comfortably. Some of the more urbanized areas of the state, for example San Francisco, are some of the most expensive places to live in the country; in those expensive areas, 150k would put you more in middle class.
The median salary in Los Angeles, CA is $72,384, with 80% of salaries falling between $31,320 and $156,600.
General Contractor Salary in California Annual SalaryHourly Wage Top Earners $98,690 $47 75th Percentile $73,500 $35 Average $62,348 $30 25th Percentile $44,400 $21
Frequently asked questions about Contractor salaries The average salary for a Contractor is ₹7,14,955 per year in Bangalore. The highest salary for a Contractor in Bangalore is ₹13,65,649 per year. The lowest salary for a Contractor in Bangalore is ₹4,39,261 per year.
As a general contractor, you can expect to earn a median wage of $62,000 per year, or $30 per hour, ing to the U.S. Bureau of Labor Statistics. This is significantly higher than the median wage for all occupations in the United States, which is just $36,200 per year.
Call the California Contractors State License Board (CSLB) at (800) 321-2752, or check their website. They license contractors who do home improvements or repairs costing $500 or more.