Average Cost Estimators Salary in Davenport-Moline-Rock Island, IA-IL
In Davenport-Moline-Rock Island, IA-IL, Cost Estimators earn an average annual salary of $79,040. This figure is slightly below the national average of $83,140, reflecting regional economic factors and the specific demand within this metropolitan area. The local job market dynamics, including industry concentration and the overall economic landscape, play a significant role in shaping compensation for this specialized role.
Executive Summary
- Average Salary: $79,040 per year.
- Growth Trend: Salaries have shifted 24.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,000.
- Outlook: The Davenport-Moline-Rock Island, IA-IL area supports a local workforce of 240 Cost Estimators. With a Location Quotient of 0.94, the concentration of these professionals is nearly on par with the national average, indicating a stable, albeit not exceptionally high, demand. The presence of 1.34 jobs per 1,000 workers suggests a consistent, ongoing need for skilled cost estimation professionals within the region's industries.
Salary Overview
The average Cost Estimators in Davenport-Moline-Rock Island, IA-IL earns-4.9%below the national average.
$38
$1,520
$6,587
Cost Estimators Salary Trends (2020-2024)
While specific historical data for this region is not provided, it is generally assumed that salaries for Cost Estimators across the nation, and likely within Davenport-Moline-Rock Island, IA-IL, have experienced steady growth over the past four years. This trend is driven by inflation, increasing project complexity, and the continuous need for accurate financial planning in construction and manufacturing sectors.
Cost Estimators Salary Distribution in Davenport-Moline-Rock Island, IA-IL
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior estimators with extensive project portfolios and specialized knowledge can earn significantly more. The percentile gaps in salary distribution highlight clear career advancement opportunities, rewarding accumulated expertise and demonstrated success in managing complex cost estimations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,520 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,280 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,320 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,800 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,000 | $54.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$79,040
Gross Pay
Real Wage (Purchasing Power)
$79,040
Adjusted for COL (100)
The average annual salary of $79,040 in Davenport-Moline-Rock Island, IA-IL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to the national standard, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
240
Total Jobs
1.34
Per 1K Jobs
0.94
Location Quotient
Davenport-Moline-Rock Island, IA-IL has 0.94x 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 0.94 for Cost Estimators in Davenport-Moline-Rock Island, IA-IL suggests that the job market for this profession is closely aligned with the national average in terms of concentration. This indicates a competitive but accessible market, where opportunities are present but perhaps not as abundant as in areas with a significantly higher LQ, implying a balanced supply and demand dynamic.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Iowa City, IA Cost Estimators Salary | $79,650↑ 1% | 48 mi |
| Cedar Rapids, IA Cost Estimators Salary | $73,860↓ 7% | 62 mi |
| Dubuque, IA Cost Estimators Salary | $82,630↑ 5% | 65 mi |
| Peoria, IL Cost Estimators Salary | $75,970↓ 4% | 76 mi |
| Rockford, IL Cost Estimators Salary | $77,960↓ 1% | 93 mi |
Comparing salaries near Davenport-Moline-Rock Island, IA-IL
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Davenport-Moline-Rock Island, IA-IL?
The median annual salary for a Cost Estimators in Davenport-Moline-Rock Island, IA-IL is $79,040. This typically ranges from $49,520 for entry-level positions to $113,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Davenport-Moline-Rock Island, IA-IL is 4.9% lower than the national median of $83,140.
Is Davenport-Moline-Rock Island, IA-IL a lucrative place for Cost Estimatorss?
No, not exceptionally lucrative compared to the national average.The average salary of $79,040 is slightly below the national average of $83,140, although the cost of living is on par with the national average.
Is Davenport-Moline-Rock Island, IA-IL a good place to live for Cost Estimators?
The Cost of Living Index in Davenport-Moline-Rock Island, IA-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Davenport-Moline-Rock Island, IA-IL?
Some top paying nearby cities include Iowa City, IA ($79,650) and Cedar Rapids, IA.
How does the local workforce size impact Cost Estimator jobs in Davenport?
A local workforce of 240 Cost Estimators indicates a moderately sized professional community, suggesting a stable demand for these roles within the region's economic structure.
What does a Location Quotient of 0.94 mean for Cost Estimators in Davenport?
A Location Quotient of 0.94 signifies that the concentration of Cost Estimators in Davenport-Moline-Rock Island is very close to the national average, implying a balanced job market.
How does the Cost of Living in Davenport compare nationally?
With a Cost of Living Index of 100, Davenport-Moline-Rock Island's cost of living is exactly at the national average, making the $79,040 salary maintain standard purchasing power.
Are there many job opportunities for Cost Estimators in Davenport?
The metric of 1.34 jobs per 1,000 workers suggests a consistent, though not overwhelming, number of opportunities for Cost Estimators in the Davenport-Moline-Rock Island area.
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 Davenport-Moline-Rock Island, IA-IL area with a job density of 1.34 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 Davenport-Moline-Rock Island, IA-IL