Connecticut — Level Index
How do Connecticut contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 42+ Connecticut contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
Connecticut contractors bill $36/hr above the national median
Connecticut's high cost of living and proximity to NYC create a premium rate environment. Prevailing wage requirements on state projects and tight labor supply push top performers past $166/hr.
For a 10-tech shop, that $36/hr difference means $720K per year in additional revenue compared to the national median.
Connecticut Bill Rates
Median Bill Rate
$115/hr
75th Percentile
$140/hr
Top 10%
$166/hr
National Benchmarks
These metrics are reported nationally. Where your Connecticut business falls depends on your specific operations. See the full national breakdown.
Collection Rate
80.8%
Top quartile: 92.7%
587 companies
SA Gross Margin
37.9%
Top quartile: 53%
259 companies
Billing Speed
1 day
Top quartile: -4 days (progress billing)
733 companies
Billable Hour Ratio
97.1%
Top quartile: 99.6%
963 companies
Quote Conversion
73.9%
Top quartile: 83.2%
794 companies
Connecticut Bill Rate
$115/hr
Top quartile: $140/hr
42 companies
Top Trades in Connecticut
Where does your Connecticut business fall?
We'll benchmark you against Connecticut and national data. Free audit included.
No commitment. Cancel anytime.