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Average Cost Estimators Salary in Detroit-Warren-Dearborn, MI

Cost Estimators in the Detroit-Warren-Dearborn, MI area earn an average annual salary of $84,600. This figure slightly surpasses the national average of $83,140, indicating a competitive compensation landscape. Local economic factors and industry demand within the region contribute to this favorable pay rate for professionals in this critical role.

Executive Summary

  • Average Salary: $84,600 per year.
  • Growth Trend: Salaries have shifted 18.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $129,010.
  • Outlook: The Detroit-Warren-Dearborn metropolitan area supports a robust workforce of approximately 2,800 Cost Estimators. With a Location Quotient of 1.03, the concentration of these roles is marginally higher than the national average, suggesting a stable and consistent demand for their expertise within the local economy.
2024 Market Data

Salary Overview

$84,600

The average Cost Estimators in Detroit-Warren-Dearborn, MI earns+1.8%above the national average.

BreakdownBased on 40h/week
Hourly

$40.7

Weekly

$1,627

Monthly

$7,050

Cost Estimators Salary Distribution in Detroit-Warren-Dearborn, MI

Career progression for Cost Estimators is clearly reflected in salary potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized knowledge can command salaries significantly higher, reaching into the upper percentiles. The gap between entry-level and senior roles highlights substantial earning potential as expertise grows.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,710$22.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$63,450$30.5
ManagerOversees team, compliance, and project delivery.50% (Median)$79,660$38.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$105,750$50.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$129,010$62

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$84,600

Gross Pay

Real Wage (Purchasing Power)

$84,600

Adjusted for COL (100)

The average annual salary of $84,600 in Detroit-Warren-Dearborn aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to the national average, offering stability for those considering a move.

Job Market Context

2,800

Total Jobs

1.467

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Detroit-Warren-Dearborn, MI has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A Location Quotient of 1.03 for Cost Estimators in Detroit-Warren-Dearborn indicates a market that is very close to the national average in terms of job concentration. This suggests a balanced job market where demand and supply are relatively stable, offering moderate competition for available positions.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Monroe, MI Cost Estimators Salary$76,970↓ 9%34 mi
Ann Arbor, MI Cost Estimators Salary$78,650↓ 7%35 mi
Toledo, OH Cost Estimators Salary$79,660↓ 6%54 mi
Flint, MI Cost Estimators Salary$73,270↓ 13%58 mi
Sandusky, OH Cost Estimators Salary$79,620↓ 6%64 mi

Comparing salaries near Detroit-Warren-Dearborn, MI

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Frequently Asked Questions

How much does a Cost Estimators make in Detroit-Warren-Dearborn, MI?

The median annual salary for a Cost Estimators in Detroit-Warren-Dearborn, MI is $84,600. This typically ranges from $46,710 for entry-level positions to $129,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Detroit-Warren-Dearborn, MI is 1.8% higher than the national median of $83,140.

Is Detroit-Warren-Dearborn, MI a lucrative place for Cost Estimatorss?

Yes, Detroit-Warren-Dearborn, MI offers a lucrative environment for Cost Estimators.The average salary of $84,600 is slightly above the national average, and the cost of living is exactly at the national average, providing strong purchasing power.

Is Detroit-Warren-Dearborn, MI a good place to live for Cost Estimators?

The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Detroit-Warren-Dearborn, MI?

Some top paying nearby cities include Monroe, MI ($76,970) and Ann Arbor, MI.

What is the average salary for a Cost Estimator in Detroit-Warren-Dearborn, MI?

The average annual salary for a Cost Estimator in Detroit-Warren-Dearborn, MI is $84,600.

How does the Detroit-Warren-Dearborn salary compare to the national average?

The average salary in Detroit-Warren-Dearborn ($84,600) is slightly higher than the national average ($83,140).

What is the Cost of Living in Detroit-Warren-Dearborn, MI for Cost Estimators?

The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100, which is the same as the national average.

How many Cost Estimators work in the Detroit-Warren-Dearborn, MI area?

There are approximately 2,800 Cost Estimators employed in the Detroit-Warren-Dearborn, MI metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,800 employees in the Detroit-Warren-Dearborn, MI area with a job density of 1.467 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Detroit-Warren-Dearborn, MI

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Detroit-Warren-Dearborn, MI