Average Cost Estimators Salary in Bridgeport-Stamford-Danbury, CT
Cost Estimators in the Bridgeport-Stamford-Danbury, CT area earn an impressive average annual salary of $87,340. This figure notably surpasses the national average of $83,140, indicating a localized premium for this expertise. The economic landscape and specific industry demands within this Connecticut region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $87,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,360.
- Outlook: With a local workforce of 390 Cost Estimators, the Bridgeport-Stamford-Danbury area presents a stable, albeit not hyper-concentrated, job market for this profession. The Location Quotient of 0.68 suggests that while the profession is present, it is slightly less concentrated than the national average, implying a steady demand that may not be oversaturated.
Salary Overview
The average Cost Estimators in Bridgeport-Stamford-Danbury, CT earns+5.1%above the national average.
$42
$1,680
$7,278
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Bridgeport-Stamford-Danbury, like most professional roles, have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for accurate cost projections, and the evolving complexity of construction and project management.
Cost Estimators Salary Distribution in Bridgeport-Stamford-Danbury, CT
The salary trajectory for Cost Estimators typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. These percentile gaps are a clear indicator of career progression and the increasing value placed on expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,780 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,505 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,680 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,175 | $52.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,360 | $65.6 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$87,340
Gross Pay
Real Wage (Purchasing Power)
$87,340
Adjusted for COL (100)
The average annual salary of $87,340 in Bridgeport-Stamford-Danbury aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to that of their national counterparts, offering a stable financial foundation without the added pressure of a significantly higher cost of living.
Job Market Context
390
Total Jobs
0.964
Per 1K Jobs
0.68
Location Quotient
Bridgeport-Stamford-Danbury, CT has 0.68x 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 0.68 for Cost Estimators in Bridgeport-Stamford-Danbury indicates that this profession is present in the region but is less concentrated than the national average. This suggests a healthy job market where demand likely exists without intense competition, potentially offering good opportunities for skilled professionals seeking employment.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| New Haven, CT Cost Estimators Salary | $83,930↓ 4% | 16 mi |
| Waterbury-Shelton, CT Cost Estimators Salary | $85,780↓ 2% | 27 mi |
| Connecticut nonmetropolitan area Cost Estimators Salary | $83,960↓ 4% | 36 mi |
| Hartford-West Hartford-East Hartford, CT Cost Estimators Salary | $86,730↓ 1% | 48 mi |
| Kiryas Joel-Poughkeepsie-Newburgh, NY Cost Estimators Salary | $79,860↓ 9% | 51 mi |
Comparing salaries near Bridgeport-Stamford-Danbury, CT
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Bridgeport-Stamford-Danbury, CT?
The median annual salary for a Cost Estimators in Bridgeport-Stamford-Danbury, CT is $87,340. This typically ranges from $47,780 for entry-level positions to $136,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bridgeport-Stamford-Danbury, CT is 5.1% higher than the national median of $83,140.
Is Bridgeport-Stamford-Danbury, CT a lucrative place for Cost Estimators?
Yes, it is a lucrative place for Cost Estimators.Cost Estimators in this region earn above the national average salary, and the local cost of living is on par with the national average, enhancing their effective earning potential.
Is Bridgeport-Stamford-Danbury, CT a good place to live for Cost Estimators?
The Cost of Living Index in Bridgeport-Stamford-Danbury, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bridgeport-Stamford-Danbury, CT?
Some top paying nearby cities include New Haven, CT ($83,930) and Waterbury-Shelton, CT.
How does the local salary compare to the national average?
The average annual salary for Cost Estimators in Bridgeport-Stamford-Danbury, CT is $87,340, which is higher than the national average of $83,140.
What is the concentration of Cost Estimators in this area?
The Location Quotient is 0.68, meaning Cost Estimators are less concentrated in Bridgeport-Stamford-Danbury compared to the national average.
Does the cost of living affect the salary's value?
No, the cost of living index is 100, matching the national average, so the $87,340 salary has equivalent purchasing power to the national average salary.
How many Cost Estimators work in Bridgeport-Stamford-Danbury?
There are approximately 390 Cost Estimators employed in the Bridgeport-Stamford-Danbury, CT area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Bridgeport-Stamford-Danbury, CT area with a job density of 0.964 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 Bridgeport-Stamford-Danbury, CT