North Carolina — Level Index
How do North Carolina contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 86+ North Carolina contractors across HVAC, Electrical, Plumbing, and more.
Key Finding
North Carolina contractors bill $6/hr below the national median
North Carolina's rapid population growth, especially in the Triangle and Charlotte metro areas, is pushing rates up faster than most Southeast states. Contractors who haven't re-benchmarked rates in 2+ years are likely undercharging.
For a 10-tech shop, that $6/hr difference means $120K per year in lost revenue compared to the national median.
North Carolina Bill Rates
Median Bill Rate
$84/hr
75th Percentile
$106/hr
Top 10%
$130/hr
National Benchmarks
These metrics are reported nationally. Where your North Carolina 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
North Carolina Bill Rate
$84/hr
Top quartile: $106/hr
86 companies
Top Trades in North Carolina
Where does your North Carolina business fall?
We'll pull your actual numbers and benchmark you against North Carolina and national data. 15-minute call. Free.