Rhode Island — Level Index
How do Rhode Island contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 30+ Rhode Island contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
Rhode Island contractors bill $18/hr above the national median
Rhode Island's small market and New England labor dynamics push rates above the national median. Providence metro density and aging infrastructure create steady demand, while limited competition gives established shops pricing power.
For a 10-tech shop, that $18/hr difference means $360K per year in additional revenue compared to the national median.
Rhode Island Bill Rates
Median Bill Rate
$108/hr
75th Percentile
$132/hr
Top 10%
$158/hr
National Benchmarks
These metrics are reported nationally. Where your Rhode Island 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
Rhode Island Bill Rate
$108/hr
Top quartile: $132/hr
30 companies
Top Trades in Rhode Island
Where does your Rhode Island business fall?
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