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Average Cost Estimators Salary in Akron, OH

Cost Estimators in Akron, OH earn an average annual salary of $76,920. This figure is slightly below the national average of $83,140, a common occurrence in markets where local economic factors and industry demand may not perfectly align with broader national trends. The specific economic landscape and the concentration of industries requiring cost estimation services within Akron play a significant role in shaping this compensation.

Executive Summary

  • Average Salary: $76,920 per year.
  • Growth Trend: Salaries have shifted 10.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $119,840.
  • Outlook: Akron's market for Cost Estimators appears stable, with a local workforce of 510 professionals. The Location Quotient of 1.12 suggests a slightly higher concentration of these roles compared to the national average, indicating a steady, albeit not overwhelmingly robust, demand for their expertise within the region.
2024 Market Data

Salary Overview

$76,920

The average Cost Estimators in Akron, OH earns-7.5%below the national average.

BreakdownBased on 40h/week
Hourly

$37

Weekly

$1,479

Monthly

$6,410

Cost Estimators Salary Distribution in Akron, OH

The career trajectory for Cost Estimators in Akron typically involves significant salary growth with experience. Entry-level positions might start at a lower percentile, but as professionals gain expertise, develop specialized skills, and take on more complex projects, their earning potential increases substantially, moving towards senior and lead estimator roles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$42,920$20.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$57,690$27.7
ManagerOversees team, compliance, and project delivery.50% (Median)$74,860$36
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$96,150$46.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$119,840$57.6

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$76,920

Gross Pay

Real Wage (Purchasing Power)

$76,920

Adjusted for COL (100)

With an average annual salary of $76,920 and a Cost of Living Index of 100, Cost Estimators in Akron find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Akron is comparable to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.

Job Market Context

510

Total Jobs

1.594

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, Akron, OH has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

The Location Quotient of 1.12 for Cost Estimators in Akron indicates a slightly higher concentration of these professionals than the national average. This suggests a moderately competitive market where employers may have a good pool of local talent to draw from, but also implies a sustained demand that supports the presence of these roles.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Canton-Massillon, OH Cost Estimators Salary$90,040↑ 17%20 mi
Cleveland, OH Cost Estimators Salary$82,820↑ 8%29 mi
Youngstown-Warren, OH Cost Estimators Salary$72,350↓ 6%46 mi
Mansfield, OH Cost Estimators Salary$67,990↓ 12%57 mi
Sandusky, OH Cost Estimators Salary$79,620↑ 4%66 mi

Comparing salaries near Akron, OH

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Akron, OH?

The median annual salary for a Cost Estimators in Akron, OH is $76,920. This typically ranges from $42,920 for entry-level positions to $119,840 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Akron, OH is 7.5% lower than the national median of $83,140.

Is Akron, OH a lucrative place for Cost Estimators?

Moderately lucrative, with earnings aligning with the national cost of living.While the average salary of $76,920 is below the national average, the Cost of Living Index of 100 means purchasing power is equivalent to the national average. The slightly elevated Location Quotient suggests consistent demand.

Is Akron, OH a good place to live for Cost Estimators?

The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Akron, OH?

Some top paying nearby cities include Canton-Massillon, OH ($90,040) and Cleveland, OH.

How does the Akron Cost Estimator salary compare to the national average?

The average annual salary for Cost Estimators in Akron, OH is $76,920, which is approximately $6,220 less than the national average of $83,140.

What is the concentration of Cost Estimators in Akron, OH?

Akron has a Location Quotient of 1.12 for Cost Estimators, indicating a slightly higher concentration of these professionals compared to the national average.

How does the cost of living in Akron affect salary perception?

With a Cost of Living Index of 100, Akron's cost of living is exactly at the national average, meaning the $76,920 salary offers purchasing power equivalent to the national median.

What does the local workforce size suggest about job availability?

A local workforce of 510 Cost Estimators suggests a stable job market with consistent opportunities, supported by the slightly above-average concentration of these roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Akron, OH area with a job density of 1.594 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Akron, OH