Iowa — Level Index
How do Iowa contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 42+ Iowa contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
Iowa contractors bill $8/hr below the national median
Iowa's steady agricultural economy and moderate cost of living keep contractor rates below the national median. Des Moines metro contractors bill 15-20% above the state median, driven by commercial growth.
For a 10-tech shop, that $8/hr difference means $160K per year in lost revenue compared to the national median.
Iowa Bill Rates
Median Bill Rate
$82/hr
75th Percentile
$104/hr
Top 10%
$128/hr
National Benchmarks
These metrics are reported nationally. Where your Iowa business falls depends on your specific operations. See the full national breakdown.
Collection Rate
85.1%
Top quartile: 92.7%
464 companies
SA Gross Margin
43.8%
Top quartile: 68.8%
103 companies
Billing Speed
1 day
Top quartile: -4 days (progress billing)
555 companies
Billable Hour Ratio
96.7%
Top quartile: 99.6%
654 companies
Quote Conversion
73%
Top quartile: 81.3%
409 companies
Iowa Bill Rate
$82/hr
Top quartile: $104/hr
42 companies
Top Trades in Iowa
Where does your Iowa business fall?
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