Building Equipment Contractors in Rhode Island

Building Equipment Contractors (NAICS 2382) in Rhode Island reports 7,291 workers across 910 establishments, with $546.3M of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 0.3% of national employment for this industry, a concentration ratio that tells you whether Rhode Island is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Building Equipment Contractors employees in Rhode Island is $74,932/yr, versus a national average of $75,980/yr. Rhode Island pays below the national average for this industry, common in lower cost-of-living states or where the industry has a smaller, less specialized local workforce.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Building Equipment Contractors is 4.0%, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Building Equipment Contractors national page (entity structure, SBA lending, sub-industries) and the Rhode Island overview (top employers, payroll dispersion across industries).