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 $29/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 $29/hr difference means $580K 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
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
Rhode Island Bill Rate
$108/hr
Top quartile: $132/hr
30+ Rhode Island contractors estimated in market
Top Trades in Rhode Island
Simple pricing
Three tiers, one ladder.
$99/mo
Books
Clean monthly books, tax-ready year-end. Same flat rate for catch-up.
$1,500+/mo
Fractional CFO
Cash forecasting, profitability analysis, monthly strategy calls.
$3,000+/mo
CFO + Operations
Dedicated CFO, AI-native workflows, dashboards, and integrations.
Where does your Rhode Island business fall?
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No commitment. Real numbers, not generic advice.