Home Depot Salary: What Workers Earn in 2026 Will Surprise You

The Home Depot salary 2026 is once again in the spotlight, not only because of what top executives earn, but also due to how much store employees—known as “associates”—make.

The gap between these levels remains wide, but it also reflects how the pay structure works within one of the largest retail chains in the United States.

Why it matters: thousands of Latino workers are part of Home Depot’s workforce, so understanding real earnings can help with job and financial decisions.

Home Depot Salary: How Much Does the Average Worker Earn?

In fiscal year 2025, the median compensation at Home Depot was $37,881 annually, a figure that includes base salary and benefits such as stock, according to reports cited by The Street.

Most employees work hourly in stores or distribution centers.

In 2026, wages typically range between $15 and $26 per hour, depending on the role, experience, and location.

This means that even entry-level positions—such as cashiers or warehouse workers—exceed the federal minimum wage, after the company set a $15 per hour floor in 2023.

Still, final income can vary significantly based on hours worked and additional incentives.

Home Depot salary 2026 will surprise you – PHOTO: Shutterstock

The Big Gap With the CEO’s Salary

While hourly workers earn modest wages, executives receive significantly higher compensation.

Home Depot CEO Ted Decker had a base salary of approximately $1.4 million in 2025. However, including bonuses and stock, his total compensation reached $16.19 million.

This highlights the major pay gap between the CEO and the average employee.

Although still significant, this ratio has decreased compared to previous years. In 2020, the gap was 511 to 1, when worker median pay was lower.

Opportunities for Growth Within the Company

One of Home Depot’s standout features is internal promotion.

According to company data, more than 90% of store managers started as hourly employees.

This suggests that while starting wages may seem limited, there are real opportunities for career growth.

The company also offers training, tools, and development programs to help employees advance.

Currently, Home Depot employs more than 472,000 associates and has thousands of open positions in areas such as sales, logistics, and support—keeping opportunities for entry and advancement available.

Benefits That Can Boost Income

Beyond base pay, Home Depot offers additional incentives that can significantly increase total compensation.

These include employee stock purchase programs, health benefits, and performance bonuses in certain roles.

For leadership positions, the company has expanded stock-based compensation, especially at regional levels such as store managers and assistant managers.

In some cases, these programs have generated strong long-term returns:

An example highlighted is that a $1,000 investment in company stock in 2000 would have grown to about $6,150 by 2026—representing a return of around +515%.

This shows how incentives can become a meaningful source of wealth for long-term employees.

Home Depot salary 2026 will surprise you – PHOTO: Shutterstock

Home Depot: Competitive Pay, But With Limits

While Home Depot offers wages above the federal minimum and additional benefits, the average income can still be limited compared to the cost of living in many U.S. cities.

For many workers, hourly pay covers essential expenses but does not always leave room for saving or investing.

However, the combination of job stability, benefits, and growth opportunities keeps the company attractive within the retail sector.

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What’s Next

With thousands of open positions and a strategy focused on internal growth, Home Depot will remain a key player in the U.S. labor market.

The challenge will be maintaining competitive wages amid inflation and rising living costs, while balancing the gap between executives and employees.

For those seeking a job or considering a career change, understanding the Home Depot salary 2026 structure can be essential for making informed decisions.