Average Cost Estimators Salary in Colorado Springs, CO
Cost Estimators in Colorado Springs, CO, earn an average annual salary of $82,630. This figure is slightly below the national average of $83,140, indicating a competitive but stable market. Local economic factors and industry demand within the Colorado Springs area contribute to this compensation.
Executive Summary
- Average Salary: $82,630 per year.
- Growth Trend: Salaries have shifted 5.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,070.
- Outlook: With a local workforce of 540 Cost Estimators, Colorado Springs presents a moderately sized but concentrated job market. The Location Quotient of 1.19 suggests that this role is more prevalent in Colorado Springs than the national average, signaling a healthy demand for these professionals within the region.
Salary Overview
The average Cost Estimators in Colorado Springs, CO earns-0.6%below the national average.
$39.7
$1,589
$6,886
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Colorado Springs have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing construction, manufacturing, and government contracting activities within the state.
Cost Estimators Salary Distribution in Colorado Springs, CO
Salary progression for Cost Estimators typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior estimators with extensive project management and analytical skills can command salaries significantly above the average, reaching into the higher percentiles. These percentile gaps clearly signify career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,820 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,973 | $29.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,470 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,288 | $49.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,070 | $61.6 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$82,630
Gross Pay
Real Wage (Purchasing Power)
$82,630
Adjusted for COL (100)
The average annual salary of $82,630 in Colorado Springs 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 city is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
540
Total Jobs
1.691
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Colorado Springs, CO has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.19 indicates that Cost Estimators are 19% more concentrated in Colorado Springs than in the average U.S. location. This suggests a robust local demand for these specialized skills, making the job market relatively competitive for employers seeking talent but offering good opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Cost Estimators Salary | $84,870↑ 3% | 32 mi |
| Southwest Colorado nonmetropolitan area Cost Estimators Salary | $76,560↓ 7% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Cost Estimators Salary | $76,480↓ 7% | 32 mi |
| Pueblo, CO Cost Estimators Salary | $85,330↑ 3% | 42 mi |
| Denver-Aurora-Centennial, CO Cost Estimators Salary | $89,550↑ 8% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Colorado Springs, CO?
The median annual salary for a Cost Estimators in Colorado Springs, CO is $82,630. This typically ranges from $50,820 for entry-level positions to $128,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 0.6% lower than the national median of $83,140.
Is Colorado Springs, CO a lucrative place for Cost Estimators?
Yes, Colorado Springs offers a competitive environment for Cost Estimators.The average salary is nearly on par with the national average, and the cost of living is also at the national average, providing strong purchasing power. The higher-than-average concentration of these roles suggests consistent demand.
Is Colorado Springs, CO a good place to live for Cost Estimators?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($84,870) and Southwest Colorado nonmetropolitan area.
How does the number of Cost Estimators in Colorado Springs compare to the national average?
Colorado Springs has a total local workforce of 540 Cost Estimators. While this number itself doesn't directly compare to a national total, the Location Quotient of 1.19 indicates a higher concentration of these professionals locally than the national average.
What is the significance of a Location Quotient of 1.19 for Cost Estimators in Colorado Springs?
A Location Quotient of 1.19 means that Cost Estimators are 19% more concentrated in Colorado Springs compared to the national average. This suggests a stronger local industry presence and potentially higher demand for these roles within the region.
How does the Cost of Living in Colorado Springs affect a Cost Estimator's salary?
With a Cost of Living Index of 100, Colorado Springs is exactly at the national average. This means the $82,630 average salary provides purchasing power equivalent to the national average, making it a financially stable location.
Are there many job opportunities for Cost Estimators in Colorado Springs?
The data suggests a healthy job market. The Location Quotient of 1.19 and 1.691 jobs per 1,000 workers indicate that Cost Estimators are a well-represented profession in Colorado Springs, pointing to consistent opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Colorado Springs, CO area with a job density of 1.691 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 Colorado Springs, CO