Tool · Investor Sam Build

Project Labor Cost Calculator

June 30, 2026 • By the Investor Sam Editorial Team • Reviewed by Berly Sam Varghese, Editor
Labor is usually the largest and most variable line on a construction estimate, and the hourly wage alone understates it because payroll taxes, insurance, and overhead ride on top. This calculator multiplies crew size, hours per day, and days to get total labor hours, prices them at the base rate, then applies a burden rate for the true loaded cost. Total labor hours is workers times hours per day times days.

Example: Number of workers: 3 workers · Hours per day: 8 hrs · Number of days: 5 days · Base hourly rate: 35 $ · Labor burden: 30 %

Loaded labor cost$5,460
Base labor cost$4,200
Total labor hours120

Worked example

A crew of 3 working 8 hours a day for 5 days puts in 3 x 8 x 5 = 120 labor hours. At $35 an hour the base labor is 120 x 35 = $4,200. Apply a 30% burden for payroll taxes, workers-comp insurance, and overhead, and the loaded cost is 4,200 x 1.30 = $5,460. That $1,260 gap is the part a wage-only estimate quietly leaves out.

Frequently asked questions

What is labor burden?

Labor burden is everything an employer pays on top of the base wage: Social Security and Medicare taxes, unemployment insurance, workers-compensation premiums, and often a share of general overhead and benefits. It commonly adds 20 to 40% or more to the raw wage, which is why estimating on wage alone underprices a job.

Should I use base or loaded rate for pricing a bid?

Bid on the loaded rate. If you quote a client using only the base wage, the burden comes straight out of your margin. The loaded cost this tool produces is the floor your price must cover before any profit, so build your bid up from that number.

How do I estimate the hours?

Break the job into tasks and apply production rates, such as square feet installed per hour or units set per day, from your own history or published labor guides. Multiply by crew size and days. When unsure, run an optimistic and a pessimistic day count to bracket the cost.

Does overtime change this?

Yes. Hours beyond the standard week are often paid at time-and-a-half, so a schedule that relies on long days or weekend work costs more per hour than the base rate. For a rough estimate, raise the base rate to reflect the expected overtime mix before applying burden.

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Sources

Berly Sam Varghese · Editor, Investor Sam

Berly Sam Varghese is an engineer who treats money the way he treats any hard problem — something to be engineered, not gambled on. He funded years of education and built real financial stability the patient way, by living below his means and investing rather than borrowing. He writes for the person staring at a number they don’t yet know how to reach. He reviews and approves every article on Investor Sam and checks the figures against primary sources before anything is published. More about our standards.