Where Electricians Earn More and Save More [2025 Guide]

If you want security in knowing your profession will always be in high demand, then being an electrician is one of the jobs for you. Who doesn’t need a good electrician? If you’re good at what you’ll do, you’ll be successful and you’ll never be short on clients.

You’re probably wondering if it’s possible to build actual, long-term wealth with this profession and the answer is, absolutely yes. Of course, many things go into being successful, but did you know that location is one factor that will impact how much money you’re making? Where you work can mean a difference between living from paycheck to paycheck or stacking up savings.

You’ll see that wages are pretty high in some states, but what good is that if your living expenses are through the roof? It’s not so much about what you earn; it’s more about how far your paycheck goes.

So, where do you have the best shot at building wealth?

Let’s see.

Comparing States

If you make a lot of money but can barely keep any of it, are you really wealthy? No. You’d be better off earning a moderate salary but keeping most of it. This means that your income isn’t the best way to determine where you’ll get ahead financially.

South Carolina

In South Carolina, you’ll get a moderate wage as an electrician. You can count on something around the national average. But that doesn’t mean you can’t build wealth there. South Carolina’s cost of living is pretty low. Housing, utilities, and everyday expenses are more affordable than in many other states, so you can stretch your income further.

Another great thing about this state is its business-friendly climate, so if you’re thinking of starting your own business, this is a good place to do that.

All in all, earning an electrical contractor license in South Carolina will open the door to stable job opportunities.

Texas

There’s a high demand for electricians in Texas, especially in big cities like Houston and Austin. The state’s population is booming, and the construction industry is following right along. You can expect many job opportunities here.

One of the best things about working in Texas is that there’s no state income tax, so you get to keep more of what you earn. As far as wages go, they’re moderate to high, depending on the region. Keep in mind, however, that some areas (like Austin) have seen an increase in living costs in the last few years.

Minnesota

Minnesota has competitive wages and there’s a strong demand for electricians there. But the cost of living is higher here than it is in, say, South Carolina, especially when it comes to housing. That being said, it’s still more affordable than major coastal cities.

Also, Minnesota has a range of vocational training programs for electricians that the state supports, so in the long run, this can help boost your career prospects.

Minnesota is focused on educating and developing its workforce, so it can give you an edge if you want to grow your skills and your bank account.

Florida

Florida has a steady demand for electricians because of the ongoing construction projects and growing population. Like Texas, Florida doesn’t have a state income tax, so you can save more money.

What’s not so ideal is that the cost of living varies greatly depending on where you live. Miami and Orlando, for example, are expensive, but there are several affordable regions (e.g., Tallahassee, Gainesville, Pensacola, Ocala, etc.) where you can build wealth relatively quickly.

Colorado

You can expect a moderate to high salary in Colorado, especially in cities like Denver and Boulder. The population in Colorado is growing and the state is very focused on green energy, so if you’re an electrician who specializes in renewable energy installations, you’ll thrive.

The cost of living is higher here, though, but it’s still an attractive place to live and work because of the high quality of life and many outdoor recreational opportunities.

Ohio

Ohio might not be the first state that pops into your head if you’re an electrician, but you can get some solid job opportunities here if you’re looking to build wealth. Salaries for electricians are competitive and the cost of living is relatively low, so you’ll have the chance to save a decent part of your wages.

Plus, Ohio has a strong manufacturing sector, which means there’s also a strong demand for experienced tradespeople, and that includes electricians.

Conclusion

The amount of money you earn is important, but what’s even more important is what part of it you get to keep. If you’re looking to get the most out of your wages, then states like South Carolina and Ohio might be your best bet. You’ll also get some excellent opportunities to save your money in states that don’t have a state income tax, like Texas and Florida.

Location matters when you’re thinking of long-term finances, so do your research and choose carefully.