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Average Cost Estimators Salary in Colorado

Cost Estimators in Colorado earn an impressive average annual salary of $87,110, surpassing the national average of $83,140. This elevated compensation is likely driven by Colorado's robust economic activity and the specialized demand for accurate cost projections across various industries within the state.

Executive Summary

  • Average Salary: $87,110 per year.
  • Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $127,840.
  • Outlook: With a local workforce of 6,020 Cost Estimators and a Location Quotient of 1.46, Colorado demonstrates a significant concentration of these professionals compared to the national landscape. This suggests a healthy and potentially growing demand for their expertise, indicating a robust job market for individuals in this field within the state.
2024 Market Data

Salary Overview

$87,110

The average Cost Estimators in Colorado earns+4.8%above the national average.

BreakdownBased on 40h/week
Hourly

$41.9

Weekly

$1,675

Monthly

$7,259

Cost Estimators Salary Distribution in Colorado

Salary progression for Cost Estimators in Colorado typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior estimators with extensive project history and specialized knowledge command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,630$24.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$65,333$31.4
ManagerOversees team, compliance, and project delivery.50% (Median)$81,990$39.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$108,888$52.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$127,840$61.5

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$87,110

Gross Pay

Real Wage (Purchasing Power)

$82,569

Adjusted for COL (105.5)

The average annual salary of $87,110 in Colorado presents a strong nominal income. However, with a Cost of Living Index of 105.5, which is 5.5% above the national average, the purchasing power of this salary is slightly tempered. While still favorable, individuals relocating should factor in the higher local expenses when assessing their overall financial well-being.

Job Market Context

6,020

Total Jobs

2.081

Per 1K Jobs

1.46

Location Quotient

Above Average

With a location quotient of 1.46, Colorado has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A Location Quotient of 1.46 indicates that Colorado has a significantly higher concentration of Cost Estimators relative to its general workforce compared to the national average. This suggests a specialized and potentially competitive market where demand for these skills is notably elevated, making it an attractive location for both employers seeking talent and professionals looking for opportunities.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Colorado Springs, CO Cost Estimators Salary$82,630↓ 5%32 mi
Denver-Aurora-Centennial, CO Cost Estimators Salary$89,550↑ 3%54 mi
Pueblo, CO Cost Estimators Salary$85,330↓ 2%66 mi
Boulder, CO Cost Estimators Salary$88,950↑ 2%67 mi
Greeley, CO Cost Estimators Salary$82,800↓ 5%98 mi

Comparing salaries near Colorado

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Frequently Asked Questions

How much does a Cost Estimators make in Colorado?

The median annual salary for a Cost Estimators in Colorado is $87,110. This typically ranges from $50,630 for entry-level positions to $127,840 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Colorado is 4.8% higher than the national median of $83,140.

Is Colorado a lucrative place for Cost Estimators?

Yes, Colorado is a lucrative place for Cost Estimators.The average salary of $87,110 significantly exceeds the national average, and the high concentration of these roles (LQ 1.46) points to strong market demand.

Is Colorado a good place to live for Cost Estimators?

The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Colorado?

Some top paying nearby cities include Colorado Springs, CO ($82,630) and Denver-Aurora-Centennial, CO.

How does Colorado's Cost of Living affect a Cost Estimator's salary?

Colorado's Cost of Living Index is 105.5, meaning expenses are 5.5% higher than the national average. While the $87,110 salary is strong, this higher cost of living should be considered for overall financial planning.

What does the Location Quotient of 1.46 mean for Cost Estimators in Colorado?

A Location Quotient of 1.46 signifies that Cost Estimators are 46% more concentrated in Colorado than the national average, indicating a robust demand and specialized market for this profession within the state.

How many Cost Estimators are there in Colorado?

Colorado employs approximately 6,020 Cost Estimators, representing 2.081 jobs per 1,000 workers in the state's overall labor force.

Are there good career advancement opportunities for Cost Estimators in Colorado?

Yes, the salary distribution typically shows significant increases from entry-level to senior positions, indicating clear pathways for career growth and higher earning potential within Colorado.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,020 employees in the Colorado area with a job density of 2.081 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 Colorado