Spence Construction Salary

Spence Construction Salary

How much does the Spence Construction Pay for employees?

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As of July 2026, the average annual salary for employees at Spence Construction in the United States is $80,734. This translates to an approximate hourly wage of $39. Salaries at Spence Construction typically range from $71,127 to $91,113 annually, reflecting the diverse roles and experience levels within the company. Spence Construction’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Spence Construction Pay for Different Roles?

Explore detailed salary information for specific jobs at Spence Construction. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Spence Construction

Ready for your next career move? Explore current job openings at Spence Construction. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Spence Construction’s Pay Competitive? Salary Benchmarking Analysis

How does Spence Construction’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
120k
100k
80k
60k
40k
20k
0
Average Salary ($/year)
Spence Construction
Construction
2 Pros Construction
Jordan Design-Build Group
Industry Comparison
Our data shows that, on average, compensation at Spence Construction is below the average for the U.S. Construction industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Spence Construction average annual salary with several similar companies. Spence Construction average salary of $80,734 is lower than 2 Pros Construction, which has an average salary of $84,489. It is lower than Jordan Design-Build Group, with their average salary at $95,681. This places Spence Construction in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Spence Construction's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Spence Construction. Click a company name to learn more.

Employee Reviews: Working at Spence Construction

Considering a career at Spence Construction? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
I’ve seen colleagues move from entry-level positions to project management, supported by excellent mentorship. We tackle everything from minor renovations to large-scale new construction builds. It’s a typical large construction company—structured and dependable, and it is particularly innovative. Safety meetings are taken seriously, and the work is organized and efficient.
Commented in February 25, 2025
44
3
There’s a strong sense of direction on every project. Everyone has an equal opportunity to succeed in this construction company, which is great. Management is proactive in addressing any concerns or issues that arise on construction sites, ensuring they are resolved quickly and fairly. Steady employment and decent pay are the best parts of working here. High-quality tools and well-maintained equip...
Commented in August 18, 2024
37
2
Workload fluctuates depending on the season. The projects we deliver have real impact, making this a rewarding place to work. While training is available, it's consistent across departments. This sets us up for success once we break ground on new projects.
Commented in March 09, 2024
31
0

Spence Construction Overview

Website
www.spencecontracting.net
Founded In
2007
Employees
<25 employees
Industry
Construction
Headquarter Address
1485 Waterlick Rd Lynchburg Virginia VA 24501
Revenue
<$5 Million
Phone Number
+1 4342661204
Social Media
About Spence Construction
SPENCE Construction & Remodeling construction remodeling in the Campbell County, Rustburg, Lynchburg, Windows, Siding, Brick, exterior, bathroom, kitchen, flooring, cabinets, electrical lighting, renovation. Decking, Driveway, Roofing, construction

What Benefits Does Spence Construction Offer Beyond Salary?

A competitive compensation package is more than just a salary. Spence Construction offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Lynchburg?

Understanding the cost of living near Lynchburg is key to truly evaluating a salary offer or your current compensation at Spence Construction.
Lynchburg's Cost of Living Index is approximately 82.1 (17.9% less expensive than US average; 21.0% less than VA average). Central VA city (Liberty Univ.), affordable. GLTC. When planning your budget based on a salary from Spence Construction, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Spence Construction salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,980 - $3,190+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Spence Construction

1. What is the average salary for employees at Spence Construction?

The average annual total compensation for employees at Spence Construction is approximately $80,734. However, this is an aggregate figure, actual salaries can range significantly, typically from $71,127 to $91,113, depending on factors like job role, experience, and location.

2. How much does Spence Construction pay compared to 2 Pros Construction?

The average annual salary at Spence Construction is $80,734, or an hourly wage of $39, in comparison to 2 Pros Construction which pays $84,489 per year or $41 per hour.

3. How does having a professional certification impact salary for relevant roles at Spence Construction?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Spence Construction for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Spence Construction offer cost-of-living adjustments (COLA) for employees in high-cost areas like Lynchburg?

While some companies offer formal COLA, many, including potentially Spence Construction, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Spence Construction?

Most companies, likely including Spence Construction, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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