Minnesota — Level Index
How do Minnesota contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 58+ Minnesota contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
Minnesota contractors bill $17/hr above the national median
Minnesota's harsh winters drive heavy HVAC and plumbing demand from October through April. Contractors who offer service agreements with guaranteed response times during heating season command significant premiums.
For a 10-tech shop, that $17/hr difference means $340K per year in additional revenue compared to the national median.
Minnesota Bill Rates
Median Bill Rate
$96/hr
75th Percentile
$118/hr
Top 10%
$142/hr
National Benchmarks
These metrics are reported nationally. Where your Minnesota business falls depends on your specific operations. See the full national breakdown.
Collection Rate
80.8%
Top quartile: 92.7%
n=587 companies
SA Gross Margin
37.9%
Top quartile: 53%
n=259 companies
Billing Speed
1 day
Raw median (incl. progress billers); ~7 days for post-completion invoicers
n=733 companies
Billable Hour Ratio
97.1%
Top quartile: 99.6%
n=963 companies
Quote Conversion
73.9%
Top quartile: 83.2%
n=794 companies
Minnesota Bill Rate
$96/hr
Top quartile: $118/hr
58+ Minnesota contractors estimated in market
Top Trades in Minnesota
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