As a subject matter expert in the field of labor economics and vocational analysis, I have a comprehensive understanding of the factors that influence the average annual income for various professions, including that of a plumber. The income for a plumber can be influenced by a multitude of variables such as geographical location, level of experience, the size of the company they work for, the demand for their services, and the economic climate, among others.

To begin with, the median annual salary for a plumber, as of April 29, 2018, was reported to be $54,687. This figure serves as a midpoint in the salary range for plumbers, meaning that half of the plumbers earn more than this amount, and half earn less. However, it is important to note that this is a median value and not an average, which would be calculated by summing all the salaries and dividing by the number of plumbers.

The salary range for plumbers is typically between $47,563 and $62,565. This range indicates the variability in income that plumbers can expect, with factors such as experience level playing a significant role. For instance, an entry-level plumber may start at the lower end of this range, while a more seasoned professional could command a salary towards the higher end.

Geographical location is another critical factor. In areas with a higher cost of living, such as major metropolitan cities, plumbers can expect to earn more due to the increased demand for their services and the need to compensate for the higher living expenses. Conversely, plumbers in rural areas or regions with a lower cost of living might earn less.

The size of the company or organization that employs the plumber can also impact their income. Larger companies may offer higher salaries and more comprehensive benefits packages, while smaller businesses or self-employed plumbers might have a wider range of income potential based on the number of jobs they can secure and the rates they can charge.

The demand for plumbing services is yet another determinant of a plumber's income. During economic booms when construction and home improvement projects are on the rise, the demand for plumbers increases, which can lead to higher wages. On the other hand, during economic downturns, the demand may decrease, potentially leading to lower incomes for plumbers.

Lastly, the economic climate and the overall job market can influence the average annual income for plumbers. In times of economic prosperity, there may be more opportunities for career advancement and salary increases. However, during recessions, the job market may become more competitive, and income growth could stagnate or even decrease.

In conclusion, while the median annual salary for a plumber as of April 29, 2018, was $54,687, it is essential to consider the various factors that can influence this figure. The range of $47,563 to $62,565 provides a snapshot of the variability in plumbers' salaries, but individual circumstances and market conditions will ultimately determine a plumber's annual income.

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Plumber Salaries. What is the average annual salary for Plumber? How much does a Plumber make? The median annual Plumber salary is $54,687, as of April 29, 2018, with a range usually between $47,563-$62,565, however this can vary widely depending on a variety of factors.read more >>