Electrician Salary in Waterford, MI: $76,834 (2026)
Quick Answer:A full-time electrician in Waterford, MI earns a median $76,834/year (≈ $36.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 47-2111). Once you factor in Waterford's price level (7% below national, BEA RPP 93.2), that paycheck buys what $82,440 would nationally. Nominal pay sits 2.4% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, electricians in Waterford, MI, can expect a median annual salary of $76,834, which represents a notable 19.07% increase over the national median of $64,530. The salary range for electricians in the area spans from $53,446 at the P10 level up to $119,092 at the P90 threshold, indicating a robust earning potential based on experience, specialization, and employment type. Estimates derived from 2025 BLS data, adjusted for local cost-of-living factors, illustrate that union electricians, particularly those affiliated with IBEW, often earn premium wages compared to their non-union counterparts. This dynamic reflects the broader trends in the electrical labor market, where union membership frequently translates into higher pay and comprehensive benefits, shaping the competitive landscape for electrician pay in Waterford.
About the Waterford Market
Salary estimated from Michigan average ($72,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,446 | $25.69 |
| Lower Range (P25) | $60,727 | $29.20 |
| Median (P50)(typical) | $76,834 | $36.94 |
| Upper Range (P75) | $98,348 | $47.28 |
| Top Earners (P90) | $119,092 | $57.26 |
Median Salary Position
19.07% above the national average
2026 Salary Percentile Distribution in Waterford
In Waterford, MI, the electrician salary spread from the 10th to 90th percentile is $65,646 (2026 est.). At $76,834, the local median is 19.07% above the national median of $64,530.
Salary Calculator
At 40 hours/week in Waterford: You'd be in the lower-middle range
How Waterford Electrician Pay Compares
Waterford median: $76,834/year (2026)
| Compared To | Median Salary | Waterford Pays |
|---|---|---|
| Michigan Average | $78,723 | -2.40% less |
| National Average | $64,530 | +19.07% more |
Electricians in Waterford, MI earn a median of $76,834 per year (2026 est.), which is 19.07% higher than the national median of $64,530 and 2.40% below the Michigan state average of $78,723.
Cost-of-Living Adjusted Salary
Waterford has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Waterford, MI has a cost-of-living index of 93.2 (below the national average of 100). A electrician earning $76,834 nominally has purchasing power equivalent to $82,440 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$66,892
2025 BLS Actual
$75,239
2026 Current Est.
$76,834
2019–2027 Growth
+17.3%
Salary Trajectory for Electricians in Waterford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.12% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $66,892 | Actual |
| 2020 | $67,750 | Actual |
| 2021 | $71,488 | Actual |
| 2022 | $71,726 | Actual |
| 2023 | $73,334 | Actual |
| 2024 | $65,484 | Actual |
| 2025 | $75,239 | Actual |
| 2026(current) | $76,834 | Estimated |
| 2027 | $78,463 | Projected |
Based on 7 years of BLS OEWS data for the Waterford metropolitan area, the median electrician salary grew 12.5% from $66,892 (2019) to $75,239 (2025). At a 2.12% compound annual growth rate, salaries are projected to reach $78,463 by 2027 — a total increase of $11,571 (17.30%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Waterford metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.12% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $53,446 – $60,727 |
| 3-5 years (Mid Career) | $60,727 – $76,834 |
| 5+ years (Experienced) | $76,834 – $98,348 |
| 10+ years (Top Earner) | $98,348 – $119,092 |
ELEC salary ranges estimated from BLS percentile data. Individual electrician compensation varies by employer, certifications, and specialization.
Electrician Job Market in Waterford
The local job market currently employs 16 electricians, supporting a healthy competition for skilled labor. With a cost-of-living index of 93.2, those working in Waterford may find their take-home pay goes further than it would in cities with higher living costs. Among employers, IBEW-affiliated electrical contractors often offer the highest salaries, predominantly in commercial and industrial sectors, while non-union firms focus on residential work typically at a lower pay scale. High earning potential is typically found in specialized fields, such as industrial controls, as well as the growing sectors of solar installation and EV charging infrastructure. Additionally, electricians who secure master licenses and contractor licenses can significantly boost their earning capacity. To maximize their pay, workers should consider pursuing union membership, focusing on in-demand specialties, and gaining experience in areas that offer overtime opportunities, thereby enhancing their earning potential in the Waterford market.
More salary data for Waterford, MI:
Frequently Asked Questions
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Written by Samuel Carter, Career Analyst
Career Analyst
Samuel Carter has over 10 years of experience as an electrician. His focus includes residential wiring and safety standards. He has worked in various construction firms.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $75,239 for electriciansin the Waterford metropolitan area. A 2.12% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Waterford is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.12%, derived from historical BLS wage trends for electricians (SOC 47-2111).
Compiled and verified by Samuel Carter, Career Analyst, a licensed electrician with 10+ years of clinical experience. · View source data at BLS.gov