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Average Cost Estimators Salary in Connecticut

Cost Estimators in Connecticut earn an average annual salary of $86,460, surpassing the national average of $83,140. This slight premium is often influenced by the state's economic landscape and the specific demands of industries prevalent within Connecticut, which may require specialized estimation expertise.

Executive Summary

  • Average Salary: $86,460 per year.
  • Growth Trend: Salaries have shifted 5.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $131,400.
  • Outlook: With a local workforce of 2,080 Cost Estimators, Connecticut presents a moderately sized professional community. The Location Quotient of 0.87 suggests a concentration slightly below the national average, indicating a stable but not overly saturated job market for these professionals.
2024 Market Data

Salary Overview

$86,460

The average Cost Estimators in Connecticut earns+4.0%above the national average.

BreakdownBased on 40h/week
Hourly

$41.6

Weekly

$1,663

Monthly

$7,205

Cost Estimators Salary Distribution in Connecticut

Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the upper percentiles, reflecting their value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,250$25.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$64,845$31.2
ManagerOversees team, compliance, and project delivery.50% (Median)$77,130$37.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$108,075$52
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$131,400$63.2

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$86,460

Gross Pay

Real Wage (Purchasing Power)

$76,446

Adjusted for COL (113.1)

The average annual salary of $86,460 in Connecticut is tempered by a Cost of Living Index of 113.1, which is 13.1% higher than the national average. This means that while the nominal salary is higher, the purchasing power may be closer to, or slightly below, the national average depending on individual spending habits.

Job Market Context

2,080

Total Jobs

1.238

Per 1K Jobs

0.87

Location Quotient

Below Average

Connecticut has 0.87x 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 0.87 indicates that Cost Estimators are slightly less concentrated in Connecticut compared to the national average. This suggests a healthy demand relative to the supply of professionals, potentially offering good opportunities for skilled individuals entering or advancing within the state's job market.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Hartford-West Hartford-East Hartford, CT Cost Estimators Salary$86,730↑ 0%12 mi
Waterbury-Shelton, CT Cost Estimators Salary$85,780↓ 1%15 mi
New Haven, CT Cost Estimators Salary$83,930↓ 3%22 mi
Norwich-New London-Willimantic, CT Cost Estimators Salary$93,510↑ 8%35 mi
Bridgeport-Stamford-Danbury, CT Cost Estimators Salary$87,340↑ 1%36 mi

Comparing salaries near Connecticut

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Connecticut?

The median annual salary for a Cost Estimators in Connecticut is $86,460. This typically ranges from $53,250 for entry-level positions to $131,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Connecticut is 4.0% higher than the national median of $83,140.

Is Connecticut a lucrative place for Cost Estimatorss?

Yes, with caveats.Cost Estimators in Connecticut earn above the national average salary. However, the higher cost of living means the real value of this salary should be carefully considered.

Is Connecticut a good place to live for Cost Estimators?

The Cost of Living Index in Connecticut is 113.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Connecticut?

Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($86,730) and Waterbury-Shelton, CT.

What is the average salary for a Cost Estimator in Connecticut?

The average annual salary for a Cost Estimator in Connecticut is $86,460.

How does Connecticut's Cost Estimator salary compare to the national average?

Cost Estimators in Connecticut earn approximately $3,320 more annually than the national average of $83,140.

Is the job market for Cost Estimators in Connecticut concentrated?

The job market is slightly less concentrated than the national average, with a Location Quotient of 0.87, suggesting a balanced supply and demand.

How does the cost of living in Connecticut affect a Cost Estimator's salary?

Connecticut's Cost of Living Index is 113.1, meaning it is 13.1% more expensive than the national average, which impacts the real value of the $86,460 salary.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,080 employees in the Connecticut area with a job density of 1.238 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 Connecticut