Average Cost Estimators Salary in Boston-Cambridge-Newton, MA-NH
Cost Estimators in the Boston-Cambridge-Newton, MA-NH metropolitan area command an impressive average annual salary of $111,250. This figure significantly surpasses the national average of $83,140, indicating a strong demand and higher compensation for skilled professionals in this region. The robust economic landscape and concentration of industries requiring meticulous cost analysis likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $111,250 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,060.
- Outlook: The job market for Cost Estimators in Boston-Cambridge-Newton, MA-NH appears stable and well-established, with a local workforce of 3,860 professionals. A Location Quotient of 1.0 suggests that the concentration of these roles aligns with the national average, implying a steady demand that matches the broader U.S. market. The presence of nearly 1.5 jobs per 1,000 workers further underscores the consistent need for these analytical roles within the local economy.
Salary Overview
The average Cost Estimators in Boston-Cambridge-Newton, MA-NH earns+33.8%above the national average.
$53.5
$2,139
$9,271
Cost Estimators Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Cost Estimators in the dynamic Boston-Cambridge-Newton, MA-NH area have experienced steady growth over the past four years. Economic expansion, inflation, and increasing complexity in construction and project management typically drive upward salary trends for specialized roles like cost estimation, reflecting a maturing and evolving job market.
Cost Estimators Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Cost Estimators is strongly tied to 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 earn significantly more. The percentile gaps in salary distribution, from the 25th to the 75th percentile and beyond, clearly signify the career trajectory and earning potential as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,030 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,438 | $40.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,190 | $50.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $139,063 | $66.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,060 | $83.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$111,250
Gross Pay
Real Wage (Purchasing Power)
$111,250
Adjusted for COL (100)
The average annual salary of $111,250 in Boston-Cambridge-Newton, MA-NH presents a favorable financial standing, especially considering the local Cost of Living Index is exactly at the national average of 100. This means that the higher nominal salary translates directly into strong purchasing power, allowing Cost Estimators to maintain a comparable standard of living to their national counterparts while earning substantially more.
Job Market Context
3,860
Total Jobs
1.424
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.0, the Boston-Cambridge-Newton, MA-NH market for Cost Estimators is neither over-saturated nor significantly undersupplied compared to the national landscape. This equilibrium suggests a competitive yet accessible job market where skilled professionals can find opportunities without facing extreme competition or scarcity, indicating a healthy balance of supply and demand.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Cost Estimators Salary | $115,010↑ 3% | 24 mi |
| Worcester, MA Cost Estimators Salary | $101,660↓ 9% | 37 mi |
| Providence-Warwick, RI-MA Cost Estimators Salary | $92,350↓ 17% | 38 mi |
| Manchester-Nashua, NH Cost Estimators Salary | $83,190↓ 25% | 50 mi |
| Barnstable Town, MA Cost Estimators Salary | $94,340↓ 15% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
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Frequently Asked Questions
How much does a Cost Estimators make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Cost Estimators in Boston-Cambridge-Newton, MA-NH is $111,250. This typically ranges from $55,030 for entry-level positions to $173,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 33.8% higher than the national median of $83,140.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Cost Estimatorss?
Yes, it is a highly lucrative location for Cost Estimators.The average salary of $111,250 is substantially higher than the national average, and the cost of living is on par with the national average, offering excellent earning potential.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Cost Estimators?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($115,010) and Worcester, MA.
How does the Boston-Cambridge-Newton, MA-NH salary compare to the national average?
The average salary for Cost Estimators in Boston-Cambridge-Newton, MA-NH is $111,250, which is significantly higher than the national average of $83,140.
What is the cost of living in Boston-Cambridge-Newton, MA-NH for Cost Estimators?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100, which is exactly the national average, meaning your salary has standard purchasing power.
How many Cost Estimators work in the Boston-Cambridge-Newton, MA-NH area?
There are approximately 3,860 Cost Estimators employed in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Is the job market for Cost Estimators concentrated in Boston-Cambridge-Newton, MA-NH?
The Location Quotient of 1.0 indicates that the concentration of Cost Estimators in this area is aligned with the national average, suggesting a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,860 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 1.424 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 Boston-Cambridge-Newton, MA-NH