Average Cost Estimators Salary in Albany-Schenectady-Troy, NY
Cost Estimators in the Albany-Schenectady-Troy, NY area earn an average annual salary of $85,910. This figure slightly surpasses the national average of $83,140, indicating a competitive compensation landscape. Local economic factors and demand within the region likely contribute to this favorable pay rate for the profession.
Executive Summary
- Average Salary: $85,910 per year.
- Growth Trend: Salaries have shifted 13.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,440.
- Outlook: With a local workforce of 580 Cost Estimators, the Albany-Schenectady-Troy, NY metropolitan area demonstrates a stable, albeit not exceptionally concentrated, presence of this profession. The Location Quotient of 0.92 suggests that the concentration of Cost Estimators is very close to the national average, implying a steady demand that aligns with broader industry trends.
Salary Overview
The average Cost Estimators in Albany-Schenectady-Troy, NY earns+3.3%above the national average.
$41.3
$1,652
$7,159
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Albany-Schenectady-Troy, NY have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for skilled estimators, and the evolving complexity of construction and project management.
Cost Estimators Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for Cost Estimators is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while senior estimators with extensive project portfolios and specialized knowledge can command salaries well above the average. The percentile gaps in earnings clearly signify the career advancement opportunities and the value placed on seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,460 | $24.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,433 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,580 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,388 | $51.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,440 | $61.8 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$85,910
Gross Pay
Real Wage (Purchasing Power)
$85,910
Adjusted for COL (100)
The average annual salary of $85,910 in Albany-Schenectady-Troy, NY aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
580
Total Jobs
1.307
Per 1K Jobs
0.92
Location Quotient
Albany-Schenectady-Troy, NY has 0.92x the national average concentration of Cost Estimators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.92 indicates that the Albany-Schenectady-Troy, NY area has a slightly lower concentration of Cost Estimators compared to the national average. This suggests a market that is neither oversaturated nor critically undersupplied, presenting a balanced environment for job seekers and employers alike, with opportunities likely available without extreme competition.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Cost Estimators Salary | $99,780↑ 16% | 31 mi |
| Glens Falls, NY Cost Estimators Salary | $82,800↓ 4% | 45 mi |
| Kingston, NY Cost Estimators Salary | $80,810↓ 6% | 52 mi |
| Southwest New York nonmetropolitan area Cost Estimators Salary | $73,850↓ 14% | 68 mi |
| Central East New York nonmetropolitan area Cost Estimators Salary | $84,290↓ 2% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Albany-Schenectady-Troy, NY?
The median annual salary for a Cost Estimators in Albany-Schenectady-Troy, NY is $85,910. This typically ranges from $50,460 for entry-level positions to $128,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 3.3% higher than the national median of $83,140.
Is Albany-Schenectady-Troy, NY a lucrative place for Cost Estimatorss?
Yes, it offers competitive compensation.The average salary of $85,910 is above the national average, and the cost of living is on par with the national average, indicating strong purchasing power for Cost Estimators in the region.
Is Albany-Schenectady-Troy, NY a good place to live for Cost Estimators?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($99,780) and Glens Falls, NY.
How does the Cost Estimator salary in Albany compare to the national average?
The average salary for Cost Estimators in Albany-Schenectady-Troy, NY is $85,910, which is slightly higher than the national average of $83,140.
What is the concentration of Cost Estimators in Albany-Schenectady-Troy, NY?
The Location Quotient for Cost Estimators in this area is 0.92, meaning the concentration is very close to the national average, indicating a stable presence of the profession.
Does the cost of living affect the value of a Cost Estimator's salary in Albany?
No, the local cost of living index is 100, matching the national average. Therefore, the $85,910 salary has the same purchasing power as the national average salary.
How many Cost Estimators are employed in the Albany-Schenectady-Troy, NY area?
There are approximately 580 Cost Estimators employed within the Albany-Schenectady-Troy, NY metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.307 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY