Electrician Cost Calculator

Estimating Electrical Job Costs for Your Rental Property

As a rental property owner, managing maintenance expenses is important to maintaining profitability and ensuring tenant satisfaction. Electrical repairs, in particular, can be both urgent and costly. Having a straightforward method to estimate these expenses can aid in budgeting and financial planning.

Formula

Total Repair Cost = (Labor Cost) + (Material Cost) + (Overhead and Profit Margin)

How It Works

To utilize the Electrical Repair Cost Estimator effectively, please follow these steps:

1. Hourly Labor Rate: Enter the electrician’s hourly wage. This rate varies based on experience and location. For example, Texas rental property electricians can earn an average of $50-$75 per hour.
2. Estimated Labor Hours: Input the total number of hours you anticipate the repair will take. Be sure to account for all tasks involved to ensure accuracy.​
3. Total Material Cost (including Overhead and Markup): Provide the total cost of materials required for the repair. This figure should already include a 20% overhead and markup to cover additional expenses and profit margin.​