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Average Cost Estimators Salary in Cedar Rapids, IA

Cost Estimators in Cedar Rapids, IA, earn an average annual salary of $73,860. This figure is notably below the national average of $83,140, suggesting localized economic factors or a different market dynamic are at play. The specific demand and supply within the Cedar Rapids region likely influence this compensation structure.

Executive Summary

  • Average Salary: $73,860 per year.
  • Growth Trend: Salaries have shifted 12.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $102,010.
  • Outlook: The job market for Cost Estimators in Cedar Rapids, IA, shows a moderate level of concentration, indicated by a Location Quotient of 1.47, which is above the national average. With 2.094 jobs per 1,000 workers and a local workforce of 290 professionals, the demand appears stable, though not exceptionally high, suggesting a consistent but not rapidly expanding need for these roles.
2024 Market Data

Salary Overview

$73,860

The average Cost Estimators in Cedar Rapids, IA earns-11.2%below the national average.

BreakdownBased on 40h/week
Hourly

$35.5

Weekly

$1,420

Monthly

$6,155

Cost Estimators Salary Distribution in Cedar Rapids, IA

Salary progression for Cost Estimators typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record in complex projects can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the accumulation of specialized knowledge and project management skills.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,170$24.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$55,395$26.6
ManagerOversees team, compliance, and project delivery.50% (Median)$64,810$31.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$92,325$44.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$102,010$49

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$73,860

Gross Pay

Real Wage (Purchasing Power)

$73,860

Adjusted for COL (100)

For Cost Estimators considering a move to Cedar Rapids, IA, the average salary of $73,860 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.

Job Market Context

290

Total Jobs

2.094

Per 1K Jobs

1.47

Location Quotient

Above Average

With a location quotient of 1.47, Cedar Rapids, IA has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

The Location Quotient of 1.47 signifies that Cost Estimators are more concentrated in Cedar Rapids, IA, than the national average. This suggests a specialized local industry or a strong presence of companies that rely heavily on cost estimation services, making the market relatively robust for qualified professionals within this specific geographic area.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Iowa City, IA Cost Estimators Salary$79,650↑ 8%23 mi
Waterloo-Cedar Falls, IA Cost Estimators Salary$72,220↓ 2%50 mi
Dubuque, IA Cost Estimators Salary$82,630↑ 12%62 mi
Davenport-Moline-Rock Island, IA-IL Cost Estimators Salary$79,040↑ 7%62 mi
Southeast Iowa nonmetropolitan area Cost Estimators Salary$77,140↑ 4%79 mi

Comparing salaries near Cedar Rapids, IA

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Cedar Rapids, IA?

The median annual salary for a Cost Estimators in Cedar Rapids, IA is $73,860. This typically ranges from $50,170 for entry-level positions to $102,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Cedar Rapids, IA is 11.2% lower than the national median of $83,140.

Is Cedar Rapids, IA a lucrative place for Cost Estimators?

No, not more lucrative than the national average.While the cost of living is average, the nominal salary of $73,860 is below the national average of $83,140. The higher concentration of jobs suggests local demand, but not necessarily higher pay.

Is Cedar Rapids, IA a good place to live for Cost Estimators?

The Cost of Living Index in Cedar Rapids, IA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Cedar Rapids, IA?

Some top paying nearby cities include Iowa City, IA ($79,650) and Waterloo-Cedar Falls, IA.

How does the Cedar Rapids Cost Estimator salary compare to the national average?

The average annual salary for Cost Estimators in Cedar Rapids, IA is $73,860, which is lower than the national average of $83,140.

What is the Cost of Living in Cedar Rapids, IA?

Cedar Rapids, IA has a Cost of Living Index of 100, which is exactly the same as the national average.

How concentrated are Cost Estimators in Cedar Rapids?

Cost Estimators are more concentrated in Cedar Rapids, IA, than the national average, with a Location Quotient of 1.47.

What is the total number of Cost Estimators in Cedar Rapids?

There are approximately 290 Cost Estimators working in Cedar Rapids, IA.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Cedar Rapids, IA area with a job density of 2.094 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 Cedar Rapids, IA