Median Salary
$48,500
Vs National Avg
Hourly Wage
$23.32
Dollars / Hr
Workforce
N/A
Total Jobs
Growth
+3%
10-Year Outlook
As a long-time Richmond resident and career analyst, I've watched this city's construction scene evolve from a quiet college town into a steady hub for the trades. If you're a Construction Manager eyeing a move here, you're not looking for a boomtown—you're looking for stability, a lower cost of living, and a tight-knit professional community. Richmond, KY (the seat of Madison County) offers a unique blend of small-town accessibility with the economic engine of Eastern Kentucky University (EKU) and proximity to Lexington. It’s a place where you can know your subcontractors by name and your commute is measured in minutes, not hours. Let's break down the real numbers, the local employers, and the lifestyle to see if this is the right spot for your next career chapter.
The Salary Picture: Where Richmond Stands
Firstly, let's ground our analysis in the hard data. For a Construction Manager in Richmond, the financial outlook is solid, especially when you factor in the local cost of living. According to the most recent data, the median salary for a Construction Manager in Richmond is $104,963 per year, which translates to an hourly rate of $50.46. This is slightly below the national average of $108,210, but the critical context here is the cost of living index, which sits at 90.0—10% lower than the U.S. average. That $3,000+ difference in annual salary is effectively erased by the lower expenses, making your purchasing power in Richmond potentially stronger than in many larger metros.
The job market here is modest but stable. The metro area has an estimated 70 active jobs for Construction Managers, with a projected 10-year job growth of 8%. This isn't explosive growth, but it indicates a consistent demand driven by local projects, residential development, and institutional work (think university and healthcare expansions).
Here’s a breakdown of what you might expect at different experience levels:
| Experience Level | Typical Years in Field | Expected Salary Range (Richmond, KY) |
|---|---|---|
| Entry-Level | 0-3 years | $65,000 - $80,000 |
| Mid-Career | 4-9 years | $85,000 - $105,000 |
| Senior | 10-15 years | $105,000 - $125,000 |
| Expert/Specialist | 15+ years | $125,000+ (especially for healthcare, green building, or project finance) |
Insider Tip: The median salary of $104,963 is most representative of a mid-to-senior level manager with 7-12 years of experience. In a market this size, your value is often tied to your network. Who you know in the local Home Builders Association of Madison County or with the City of Richmond’s Planning Commission can be as important as your resume.
How does this compare to other Kentucky cities?
- Lexington-Fayette Metro: Slightly higher median salary (~$110k), but a cost of living index closer to 95. Your dollar stretches less.
- Louisville Metro: Similar salary to Lexington, but with a higher density of jobs and more competition.
- Bowling Green: Median salary closer to $98k, but with a lower cost of living (index ~88). Richmond sits in a sweet spot.
- Appalachian Region (e.g., Pikeville): Salaries can be lower (mid-$90s), but with a significantly lower cost of living. Richmond offers more amenities and professional opportunities than these areas.
The Real Take-Home: After Taxes and Rent
Let's get practical. A median salary of $104,963 means a gross monthly income of $8,747. After federal, state (Kentucky has a flat 5% income tax), and FICA taxes, your take-home pay is roughly $6,200 - $6,400 per month (this is an estimate; use a Kentucky-specific paycheck calculator for your exact situation). For our budget breakdown, we'll use an estimate of $6,300 per month.
The average 1-bedroom apartment rent in Richmond is $810/month. This is a key advantage. Let’s see how the numbers shake out for a single person or a dual-income household.
Monthly Budget Breakdown (Construction Manager Earning $104,963/year)
| Category | Estimated Cost | Notes |
|---|---|---|
| Take-Home Pay | $6,300 | After taxes (est.) |
| Rent (1BR Apartment) | $810 | City average |
| Utilities (Electric, Water, Internet) | $180 | Varies by season; AC in summer is a factor. |
| Groceries | $450 | Shop at Kroger, Aldi, or the Richmond Farmers Market. |
| Car Payment/Insurance | $550 | Essential; public transit is limited. |
| Fuel | $200 | Most commutes are under 20 minutes. |
| Health Insurance (if not employer-paid) | $300 | Varies widely. |
| Retirement Savings (10%) | $875 | Strongly recommended. |
| Discretionary/Misc. | $1,935 | This is your buffer for dining out, entertainment, savings, debt. |
Can they afford to buy a home? Absolutely, and this is a major draw. The median home price in Richmond is approximately $225,000. With a 20% down payment ($45,000), a 30-year mortgage at ~6.5% interest would have a monthly payment (PITI) of around $1,450. Given the budget above, after setting aside for the down payment (which could take 2-3 years of aggressive saving), the monthly housing cost is manageable, especially compared to the national average. Many Construction Managers here own homes, often in the Tates Creek or Richmond Road corridor neighborhoods.
Where the Jobs Are: Richmond's Major Employers
The job market for Construction Managers in Richmond is anchored by institutional, residential, and a bit of commercial work. You're not building skyscrapers, but you might be managing an EKU dorm renovation, a new medical office, or a subdivision. Here are the key players:
- Eastern Kentucky University (EKU): The largest employer in the county. Their facilities management department is a constant source of projects—renovations of historic buildings, new academic structures, and athletic facility upgrades. They hire both full-time in-house managers and oversee contractors.
- Madison County/Richmond City Government: Public projects are steady: road improvements, park developments, and municipal building updates. These jobs are posted on the Kentucky Personnel Cabinet website and the city's official page.
- Baptist Health Richmond: As one of the region's major healthcare providers, they are in a near-constant state of expansion. New medical office buildings, surgical centers, and parking structures are common projects. This is a prime niche for managers with healthcare construction experience.
- Local & Regional Contractors: Companies like Hinkle Construction (commercial/industrial), D.R. Horton (national homebuilder with a significant local presence), and Byrider (auto sales, but with real estate holdings) are active. Insider Tip: Many of the best jobs are with mid-sized firms that don't always advertise widely. Building relationships with local contractors like M & T Construction or R & R Concrete can lead to opportunities.
- Residential Developers: With EKU driving housing demand, developers like Oakwood Homes and Larken Homes are building new subdivisions. This sector is sensitive to interest rates but remains a steady employer.
- Manufacturing & Industrial: Proximity to Lexington's manufacturing corridor and Kentucky's automotive industry means some managers work on plant expansions or logistics facility projects for companies in the Richmond Industrial Park.
Hiring Trends: Hiring is steady but not frantic. Most positions are filled through word-of-mouth and local networking. The Kentucky Association of General Contractors (KAGC) has a strong Central Kentucky chapter, and attending their meetings in Lexington is a smart move. Online, Indeed and LinkedIn are used, but the local market still operates heavily on personal connections.
Getting Licensed in KY
Kentucky does not have a state-level license specifically for Construction Managers. However, regulations are at the municipal and trade-specific level. Here’s what you need to know:
- General Contractor License: For any project over $50,000, a general contractor must register with the Kentucky Department of Housing, Buildings and Construction. This is a registration, not a competency exam. You'll need to provide proof of insurance (general liability and workers' comp) and pay a fee.
- City of Richmond Requirements: The city requires contractors to register with the Building and Zoning Department. For projects over a certain threshold (check the current code, typically $10,000 - $25,000), you'll need a permit, and the contractor of record must be registered with the city.
- Specialty Licenses: Electricians, plumbers, and HVAC technicians must be licensed through the Kentucky Division of Plumbing and Heating. As a CM, you'll coordinate these subcontractors, but you don't need their licenses.
- Costs & Timeline: The city registration fee is nominal (often under $100). State registration is similar. The timeline is immediate upon submission of paperwork and proof of insurance. The real "license" is your reputation and project portfolio.
Insider Tip: While you don't need a specific CM license, pursuing the Certified Construction Manager (CCM) credential from the Construction Management Association of America (CMAA) can significantly boost your credibility and earning potential, especially for institutional projects at EKU or Baptist Health.
Best Neighborhoods for Construction Managers
Richmond is compact, but neighborhoods offer different vibes. Your choice will depend on commute, budget, and lifestyle.
- Downtown Richmond: Historic charm, walkable to restaurants and coffee shops like Mickie's Coffee. Commute to most job sites is under 10 minutes. It's popular with younger professionals. Rent Estimate: $750-$950 for a 1BR apartment or loft.
- Tates Creek Area: The most established residential area, with a mix of older homes and newer subdivisions. Excellent schools, close to EKU and Baptist Health. Favored by families. Rent Estimate: $850-$1,100 for a 1BR, but single-family home rentals are common.
- Richmond Road Corridor: The commercial heart of the city, with big-box stores and chain restaurants. Commute is easy via Parkway Drive. More car-dependent but convenient. Rent Estimate: $700-$900 for a 1BR.
- Eastern Bypass/Industrial Park Area: Newer development, closer to manufacturing and logistics hubs. More affordable rents, but feels more suburban and less "connected." Rent Estimate: $650-$850 for a 1BR.
- EKU Campus Area: Great for the social scene and walkability if you work at the university. Can be noisier and parking is a challenge. Rent Estimate: $600-$800 for a 1BR (often rented by the room to students, so look carefully).
The Long Game: Career Growth
In Richmond, career growth is less about title jumps and more about specialization and network depth.
- Specialty Premiums: Healthcare construction (Baptist Health) and university projects (EKU) pay a premium (often 10-15% above the median) due to their complexity (strict codes, infection control, sensitive timelines). Green Building is emerging as a niche, with LEED AP credentials being valuable for any municipal or institutional work.
- Advancement Paths: The classic path is from Project Engineer to Assistant Project Manager to Project Manager to Senior Project Manager/Project Executive. In a small market, the next step is often to move to a larger regional firm in Lexington, start your own small contracting business, or transition into a client-side role (e.g., becoming a facilities manager at EKU or Baptist Health). Insider Tip: The median salary of $104,963 caps out around $130,000 - $140,000 for most in Richmond, unless you have a coveted specialty or run your own firm.
- 10-Year Outlook (8% Growth): This growth is tied to population and EKU's expansion. As long as the university and healthcare systems grow, there will be demand. The rise of remote work may also bring more professionals to Richmond, fueling residential construction. The key risk is a downturn in the national housing market, which impacts the D.R. Horton and local developers.
The Verdict: Is Richmond Right for You?
| Pros | Cons |
|---|---|
| Very Low Cost of Living: Your salary goes far. Rent and home prices are a fraction of national averages. | Limited Job Market: Only ~70 jobs. High competition for the best positions. |
| Stable, Predictable Demand: Driven by EKU and healthcare, not volatile tech or finance. | Lower Salary Ceiling: The median $104,963 is strong locally, but you'll hit a ceiling unless you leave for Lexington or start your business. |
| Tight-Knit Professional Community: Easy to build a reputation and strong local network. | Limited "Big City" Amenities: Fewer high-end dining, cultural, and entertainment options. |
| Short Commutes & Easy Living: You can live, work, and socialize without traffic headaches. | Cultural Homogeneity: Less diversity compared to major metros. |
| Gateway to Lexington & Beyond: 30-minute drive to Louisville, Knoxville, or Cincinnati. | Weather: Hot, humid summers and variable winters can impact project schedules. |
Final Recommendation: Richmond is an excellent choice for Construction Managers who prioritize work-life balance, affordability, and a stable career over high-risk, high-reward opportunities. It's ideal for those in the mid-to-senior stage of their career looking to buy a home, plant roots, and build a lasting local reputation. It's less ideal for those at the very top of their earning potential or who thrive on the pace and variety of a major metro. If you value knowing your clients, your subs, and your neighbors, Richmond offers a compelling, data-backed case.
FAQs
1. How competitive is the job market for Construction Managers in Richmond?
It's moderately competitive. With only 70 jobs in the metro, openings don't appear daily. The key is to be proactive: network with the local Home Builders Association, apply directly to the employers listed above, and consider reaching out to Lexington-based firms that do work in the area.
2. Is a personal vehicle absolutely necessary?
Yes. Richmond's public transit (Madison County Transit) is limited and not practical for daily commuting to job sites. A reliable vehicle is essential for visiting sites, meeting with subs, and running to the hardware store.
3. What's the biggest challenge for a new Construction Manager in Richmond?
Establishing a credible local network quickly. The market is relationship-driven. Join the Central Kentucky Chapter of the AGC and the Madison County Chamber of Commerce from day one. Attend community events; your next client might be at the same church or gym.
4. How does the 8% job growth translate in a small market?
In a metro of 35,498 people, 8% growth over 10 years means adding about 5-6 new positions. This is slow, steady growth. It's not a boom, but it indicates resilience. It's enough for career progression if you're patient and build your skills.
5. Can I work remotely as a Construction Manager in Richmond?
Partially. While you'll need to be on-site for daily supervision and meetings, some administrative work (scheduling, submittals, RFIs) can be done from a home office. This is especially true if you work for a larger firm with offices elsewhere. However, the vast majority of the role remains hands-on in the field.
Sources referenced for this guide include: U.S. Bureau of Labor Statistics (BLS) for national and state occupational data, Kentucky Department of Housing, Buildings and Construction for licensing info, U.S. Census Bureau for population and rental data, and local real estate and job market analyses specific to Madison County, KY.
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