How much money does a union carpenter make?

The average annual salary for a carpenter in 2012 was $39,940, according to the Bureau of Labor Statistics (BLS). The average hourly wage was $19.20.

BLS statistics include both union and non-union information in the average. Union wages vary based on contracts negotiated between unions and contractors. A local may bargain for more than just wages, including insurance and pension benefits, in a compensation package. Earnings can also be affected by the health of the construction industry at large. During times of heavy activity, carpenters may experience consistent employment and higher earnings. However, during times of slow economic growth, carpenters may earn less because of the limited availability of work.