Average Cost Estimators Salary in Albuquerque, NM
Cost Estimators in Albuquerque, New Mexico, earn an average annual salary of $80,830. This figure is slightly below the national average of $83,140, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the Albuquerque metropolitan area. While the nominal salary is close to the national benchmark, understanding the local market dynamics is key.
Executive Summary
- Average Salary: $80,830 per year.
- Growth Trend: Salaries have shifted 34.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,760.
- Outlook: Albuquerque supports a dedicated workforce of 540 Cost Estimators, indicating a stable, albeit not exceptionally concentrated, presence in the region. The Location Quotient of 0.94 suggests that the concentration of these roles is nearly on par with the national average, implying a steady demand that aligns with the overall economic landscape of the city and its surrounding areas.
Salary Overview
The average Cost Estimators in Albuquerque, NM earns-2.8%below the national average.
$38.9
$1,554
$6,736
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Albuquerque's Cost Estimator salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national economic growth and inflation. Salary increases are typically driven by factors such as evolving industry needs, demand for specialized skills, and the general economic climate, which likely have also influenced compensation for Cost Estimators in this New Mexico hub.
Cost Estimators Salary Distribution in Albuquerque, NM
Career progression for Cost Estimators in Albuquerque, as elsewhere, is marked by significant salary increases with experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive project experience and specialized knowledge can command salaries well into the higher percentiles. These percentile gaps clearly signify the value placed on accumulated expertise and demonstrated success in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,750 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,623 | $29.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,490 | $36.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,038 | $48.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,760 | $59.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$80,830
Gross Pay
Real Wage (Purchasing Power)
$80,830
Adjusted for COL (100)
The average annual salary of $80,830 for Cost Estimators in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This indicates that the purchasing power of an Albuquerque-based Cost Estimator is equivalent to that of their national counterparts, meaning the nominal salary effectively translates to a comparable standard of living.
Job Market Context
540
Total Jobs
1.337
Per 1K Jobs
0.94
Location Quotient
Albuquerque, NM has 0.94x 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.
With a Location Quotient of 0.94, the job market for Cost Estimators in Albuquerque is neither significantly over- nor under-represented compared to the national average. This suggests a balanced market where demand is consistent with the size of the local workforce, indicating moderate competition and stable employment opportunities for skilled professionals in this field.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Cost Estimators Salary | $76,310↓ 6% | 29 mi |
| Northern New Mexico nonmetropolitan area Cost Estimators Salary | $67,960↓ 16% | 29 mi |
| Santa Fe, NM Cost Estimators Salary | $67,650↓ 16% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Albuquerque, NM?
The median annual salary for a Cost Estimators in Albuquerque, NM is $80,830. This typically ranges from $42,750 for entry-level positions to $123,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 2.8% lower than the national median of $83,140.
Is Albuquerque, NM a lucrative place for Cost Estimators?
Yes, it offers comparable earning potential to the national average.Cost Estimators in Albuquerque earn $80,830, which is very close to the national average. Coupled with a cost of living index that matches the national average, the salary provides equivalent purchasing power.
Is Albuquerque, NM a good place to live for Cost Estimators?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($76,310) and Northern New Mexico nonmetropolitan area.
How does the Cost Estimator salary in Albuquerque compare to the national average?
The average annual salary for Cost Estimators in Albuquerque is $80,830, which is slightly lower than the national average of $83,140.
What is the concentration of Cost Estimators in Albuquerque relative to the nation?
Albuquerque has a Location Quotient of 0.94 for Cost Estimators, indicating a concentration that is very close to the national average.
How does the cost of living in Albuquerque affect the salary for Cost Estimators?
Albuquerque's Cost of Living Index is 100, matching the national average. This means the $80,830 salary offers a purchasing power equivalent to the national average salary.
What is the size of the Cost Estimator workforce in Albuquerque?
There are approximately 540 Cost Estimators employed in Albuquerque, NM.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Albuquerque, NM area with a job density of 1.337 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 Albuquerque, NM