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 $6/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 $6/hr difference means $120K 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
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
Minnesota Bill Rate
$96/hr
Top quartile: $118/hr
58 companies
Top Trades in Minnesota
Where does your Minnesota business fall?
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