There are over 20,000 elevator installers operating in the US. The market size of the elevator installation service industry is estimated to exceed $31 billion. Do you want to know the answer to the question of how much do elevator installers make? Keep reading to learn about different elevator installer income metrics and the proper elevator installer insurance you need to protect that income.
How much does elevator installers get paid for the services they provide? As an elevator installer, you will typically charge around $30,000 for a home elevator that goes to two floors. Typically you will charge $10,000 for each additional floor the elevator needs to reach. Commercial elevators cost between $50,000 and $100,000 per floor. A typical price for a freight elevator will be between $15,000 and $30,000, but lower-cost options exist that only cost a few thousand dollars.
Do you want to know how much does an elevator installer make per year? An elevator installer makes an average of $53,164 annually. Your typical annual salary range will be between $36,500 and 75,000.
| Annual Salary Range | Percent of Jobs |
|---|---|
| $26,000-$32,499 | 9% |
| $32,500-$39,499 | 27% |
| $39,500-$45,999 | 19% |
| $46,000-$52,499 | 10% |
| $52,500-$59,499 | 5% |
| $59,500-$65,999 | 2% |
| $66,000-$72,999 | 1% |
| $73,000-$79,499 | 19% |
| $79,500-$100,000 | 2% |
Are you wondering how much do elevator installers and repairers make every month? On average, you will make $4,430 monthly as an elevator installer. The 25th percentile for monthly pay is $3,041, and the 75th percentile is $6,250 monthly.
| Monthly Pay Range | Percent of Jobs |
|---|---|
| $2,167-$2,708 | 9% |
| $2,708-$3,292 | 27% |
| $3,292-$3,833 | 19% |
| $3,833-$4,375 | 10% |
| $4,375-$4,958 | 5% |
| $4,958-$5,500 | 2% |
| $5,500-$6,083 | 1% |
| $6,083-$6,625 | 19% |
| $6,625-$8,333 | 2% |
As an elevator installer, you can expect an average wage of $1,022 per week. Your typical salary range will be between $701 and $1,442 weekly; however, outliers may make up to $1,923 weekly or more.
| Weekly Pay Range | Percent of Jobs |
|---|---|
| $500-$625 | 9% |
| $625-$760 | 27% |
| $760-$885 | 19% |
| $885-$1,010 | 10% |
| $1,022-$1,144 | 5% |
| $1,144-$1,269 | 2% |
| $1,269-$1,404 | 1% |
| $1,404-$1,529 | 19% |
| $1,529-$1,923 | 2% |
Assuming a 5-day work week, you will make an average of $204 per day as an elevator installer. The 25th percentile for daily elevator installer wages is $140, and $288 is the 75 percentile. The daily wages of an elevator installer will range between $100 and $384.
| Daily Pay Range | Percent of Jobs |
|---|---|
| $100-$124 | 9% |
| $124-$152 | 27% |
| $152-$177 | 19% |
| $177-$202 | 10% |
| $202-$228 | 5% |
| $228-$253 | 2% |
| $253-$280 | 1% |
| $280-$305 | 19% |
| $305-$384 | 2% |
Do you want to know how much do elevator installers make an hour? You can expect your elevator installer's hourly wage to be $26 on average. The elevator installer's hourly wages range between $12.50 and $48.08. At the 25th percentile, you will make $18 per hour. Once you reach the 75th percentile, you will be earning $36 per hour.
| Salary Range | Percent of Jobs |
|---|---|
| $12.50-$15.62 | 9% |
| $15.62-$18.99 | 27% |
| $18.99-$22.11 | 19% |
| $22.11-$25.24 | 10% |
| $25.24-$28.61 | 5% |
| $28.61-$31.73 | 2% |
| $31.73-$35.10 | 1% |
| $35.10-$38.22 | 19% |
| $38.22-$48.08 | 2% |
The top-earning state for elevator installers is Nevada, with a $63,040 average annual salary and a $30.31 hourly wage. Below is a comparison of what you can expect to earn as an elevator installer in each state.
| State | Average Annual Salary | Hourly Rate |
|---|---|---|
| Alabama | $40,210 | $19.33 |
| Alaska | $59,626 | $28.67 |
| Arizona | $47,582 | $22.88 |
| Arkansas | $45,672 | $21.96 |
| California | $53,319 | $25.63 |
| Colorado | $52,121 | $25.06 |
| Connecticut | $47,286 | $22.73 |
| Delaware | $51,825 | $24.92 |
| Florida | $40,168 | $19.31 |
| Georgia | $46,774 | $22.49 |
| Hawaii | $50,175 | $24.12 |
| Idaho | $45,992 | $22.11 |
| Illinois | $54,324 | $26.12 |
| Indiana | $47,597 | $22.88 |
| Iowa | $47,426 | $22.80 |
| Kansas | $42.426 | $19.63 |
| Kentucky | $46,703 | $22.45 |
| Louisiana | $40,835 | $19.63 |
| Maine | $48,669 | $23.40 |
| Maryland | $52,543 | $25.26 |
| Massachusetts | $61,872 | $29.75 |
| Michigan | $49,817 | $23.95 |
| Minnesota | $48,974 | $23.55 |
| Mississippi | $44,124 | $21.21 |
| Missouri | $49.276 | $23.69 |
| Montana | $45,648 | $21.95 |
| Nebraska | $47,529 | $22.85 |
| Nevada | $63,040 | $30.31 |
| New Hampshire | $46,745 | $22.47 |
| New Jersey | $50,087 | $24.08 |
| New Mexico | $45,469 | $21.86 |
| New York | $55,997 | $26.92 |
| North Carolina | $45,741 | $21.99 |
| North Dakota | $47,842 | $23.00 |
| Ohio | $45,468 | $21.86 |
| Oklahoma | $49,834 | $23.96 |
| Oregon | $50,712 | $24.38 |
| Pennsylvania | $46,852 | $22.53 |
| Rhode Island | $47,900 | $23.03 |
| South Carolina | $50,098 | $24.09 |
| South Dakota | $47,878 | $23.02 |
| Tennessee | $44,502 | $21.40 |
| Texas | $47,483 | $22.83 |
| Utah | $44,613 | $21.45 |
| Vermont | $50,197 | $24.13 |
| Virginia | $52,451 | $25.22 |
| Washington | $57,529 | $27.66 |
| West Virginia | $40,370 | $19.41 |
| Wisconsin | $50,236 | $24.15 |
| Wyoming | $47,891 | $23.02 |
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The top-paying cities for elevator installers are Berkeley, Merced, Daly City, and San Mateo. Below is a comparison of the top 10 highest-paying cities to work in as an elevator installer.
| City | Average Annual Salary | Average Hourly Rate |
|---|---|---|
| Berkeley, California | $66,911 | $32.17 |
| Merced, California | $65,811 | $31.64 |
| Daly City, California | $64,694 | $31.10 |
| San Mateo, California | $64,274 | $30.90 |
| Irvine, California | $62,852 | $30.22 |
| Tacoma, Washington | $62,780 | $30.18 |
| Richmond, California | $62,171 | $29.89 |
| Bellevue, Washington | $61,925 | $29.77 |
| San Francisco, California | $59,946 | $38.82 |
| Orange, California | $59,856 | $28.78 |
Insurance policies are one of the best investments to protect your business income. Your elevator installer business might suffer financial loss from events like a vehicle accident or a disgruntled client lawsuit. Your insurance premium offers you peace of mind against potentially bankrupting financial damage to your business.
If you want a more comprehensive form of insurance, you should invest in a business owner’s policy. With a business owner’s policy, you get combined general liability and commercial property insurance coverage. NEXT offers affordable business owner’s policies you can buy online. They have a quick quote process that can accurately diagnose your coverage needs. NEXT has a 4.7/5 in its customer reviews and uses transparent pricing without hidden fees. NEXT was founded in 2016 and has an A- rating from AM Best.
General liability protects your business from claims and lawsuits related to property damage, bodily injury, and advertising injury. The claims covered are from third parties, which include groups like your customers and not your employees. Thimble is our recommended pick for your general liability insurance.
They offer the ability to purchase short-term general liability insurance you can set down to the hour. A-rated insurance partners back their policies and cover over 300 professions. Thimble is an excellent choice for a first-time buyer. Over 75% of Thimble’s customers are first-time purchasers of insurance policies. Thimble has an A+ rating from the Better Business Bureau.
You will use professional liability insurance to protect your business against copyright infringement, libel, and negligence. This policy is also called errors and omission insurance because it covers claims related to business mistakes. Hiscox is our top choice for professional liability insurance. Your policy gets worldwide coverage if you file a claim within the United States or Canada. Hiscox serves over 500,000 customers. 4.7/5 customers recommend Hiscox on their customer surveys. Hiscox has an A rating from AM Best.
Commercial property insurance protects your business from physically damaging events like theft, vandalism, fire, and water damage. It covers the building your business operates out of equipment, tools, and materials kept on the premises. CoverWallet is an excellent choice for commercial property insurance. They have over ten highly-rated insurers to choose from on their platform. You can fill out a form for instant quotes and policy purchasing. Another option is to skip the form and call them directly. Quotes from CoverWallet come without a buying commitment. CoverWallet has an A+ rating from the Better Business Bureau.
Commercial auto insurance protects business vehicles when they get damaged or destroyed. Most states require insurance protection when operating vehicles and personal auto insurance does not cover most business activities. Tivly offers options for purchasing commercial auto insurance like personal injury protection, gap insurance, and rental reimbursement coverage. With Tivly, you can access over 200 insurance partners like The Hartford, Liberty Mutual, Progressive, and Gallagher.
When your employees get injured or sick, you need a workers' compensation policy to cover them. If you have employees, most states will require you to purchase this coverage. This policy pays for medical costs for employees, like treatments, checkups, and medications. The Hartford is our pick for workers’ compensation insurance. They utilize nurse case managers that help facilitate employee treatment so they can recover quickly. In 2022, the company had over $11 billion in direct premiums. They are a long-standing insurer with over 200 years of underwriting experience. The Hartford has an A+ rating from the Better Business Bureau.
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This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
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