Average Cost Estimators Salary in Central North Carolina nonmetropolitan area
In Central North Carolina's nonmetropolitan areas, Cost Estimators earn an average annual salary of $70,160. This figure is notably below the national average of $83,140, reflecting regional economic factors and demand specific to this locale. The lower average salary is often influenced by the unique economic landscape and industry concentration within these nonmetropolitan regions.
Executive Summary
- Average Salary: $70,160 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,800.
- Outlook: The job market for Cost Estimators in this Central North Carolina nonmetropolitan area appears stable, albeit with a smaller footprint than national averages. With a total local workforce of 240 professionals and a Location Quotient of 0.72, the concentration of these roles is slightly below the national benchmark. This suggests a steady, consistent demand rather than rapid expansion, indicating a mature market with ongoing needs for skilled estimators.
Salary Overview
The average Cost Estimators in Central North Carolina nonmetropolitan area earns-15.6%below the national average.
$33.7
$1,349
$5,847
Cost Estimators Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Cost Estimators in Central North Carolina's nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. Economic development and increased project activity, even in nonmetropolitan settings, typically drive modest salary increases to retain talent and adapt to evolving market demands.
Cost Estimators Salary Distribution in Central North Carolina nonmetropolitan area
Salary progression for Cost Estimators in this region is closely tied to experience and expertise. Entry-level positions typically start at the lower end of the pay scale, while senior estimators with extensive project experience and specialized knowledge command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities, rewarding accumulated skills and a proven track record in cost estimation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,530 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,620 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,780 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,700 | $42.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,800 | $51.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$70,160
Gross Pay
Real Wage (Purchasing Power)
$70,160
Adjusted for COL (100)
The nominal average salary of $70,160 in Central North Carolina's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Cost Estimator's salary in this region is comparable to the national average. While the salary is lower than the national average, the equivalent cost of living suggests that the real income may not be as diminished as the nominal figures initially imply.
Job Market Context
240
Total Jobs
1.028
Per 1K Jobs
0.72
Location Quotient
Central North Carolina nonmetropolitan area has 0.72x 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 0.72, the market for Cost Estimators in Central North Carolina's nonmetropolitan area is less concentrated than the national average. This indicates that while the profession is present and necessary, it is not a dominant industry sector in this specific region. The job market is therefore moderately competitive, with opportunities available but perhaps fewer than in areas with a higher concentration of related industries.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Cost Estimators Salary | $72,370↑ 3% | 32 mi |
| Pinehurst-Southern Pines, NC Cost Estimators Salary | $73,230↑ 4% | 36 mi |
| Burlington, NC Cost Estimators Salary | $66,280↓ 6% | 36 mi |
| Winston-Salem, NC Cost Estimators Salary | $73,280↑ 4% | 41 mi |
| Durham-Chapel Hill, NC Cost Estimators Salary | $79,210↑ 13% | 56 mi |
Comparing salaries near Central North Carolina nonmetropolitan area
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Frequently Asked Questions
How much does a Cost Estimators make in Central North Carolina nonmetropolitan area?
The median annual salary for a Cost Estimators in Central North Carolina nonmetropolitan area is $70,160. This typically ranges from $39,530 for entry-level positions to $106,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central North Carolina nonmetropolitan area is 15.6% lower than the national median of $83,140.
Is Central North Carolina nonmetropolitan area a lucrative place for Cost Estimators?
No, not particularly lucrative compared to national averages.The average salary of $70,160 is significantly lower than the national average of $83,140. While the cost of living is at the national average, the lower nominal salary indicates less earning potential in this region.
Is Central North Carolina nonmetropolitan area a good place to live for Cost Estimators?
The Cost of Living Index in Central North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($72,370) and Pinehurst-Southern Pines, NC.
How does the number of Cost Estimators in Central NC compare nationally?
With 1.028 jobs per 1,000 workers, the density of Cost Estimators in this nonmetropolitan area is slightly below the national average, suggesting a more specialized or niche presence.
What is the total number of Cost Estimators in this region?
The total local workforce for Cost Estimators in Central North Carolina's nonmetropolitan area consists of approximately 240 professionals.
Does experience significantly impact a Cost Estimator's salary in this area?
Yes, experience is a key driver of salary. Senior Cost Estimators with substantial project experience and specialized skills will earn considerably more than entry-level professionals.
How does the Cost of Living affect the $70,160 salary?
The Cost of Living Index is 100, which is the national average. This means the $70,160 salary has purchasing power equivalent to the national average, despite being lower than the national salary figure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Central North Carolina nonmetropolitan area area with a job density of 1.028 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 Central North Carolina nonmetropolitan area