Average Cost Estimators Salary in Eastern North Carolina nonmetropolitan area
In Eastern North Carolina's nonmetropolitan areas, Cost Estimators earn an average annual salary of $69,680. This figure is notably below the national average of $83,140. The lower compensation in this region is often influenced by factors such as the local economic landscape, industry concentration, and the overall demand for specialized roles compared to more densely populated or industrialized areas.
Executive Summary
- Average Salary: $69,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,020.
- Outlook: The local job market for Cost Estimators in Eastern North Carolina comprises approximately 250 professionals. With a Location Quotient of 0.67, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The presence of 0.951 jobs per 1,000 workers indicates a moderate level of employment opportunity within the region's workforce.
Salary Overview
The average Cost Estimators in Eastern North Carolina nonmetropolitan area earns-16.2%below the national average.
$33.5
$1,340
$5,807
Cost Estimators Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not detailed, it is generally assumed that salaries for Cost Estimators across the United States have experienced steady growth over the past four years, driven by inflation, increased demand for construction and infrastructure projects, and evolving industry standards. This trend likely extends to Eastern North Carolina, albeit potentially at a moderated pace compared to major metropolitan hubs.
Cost Estimators Salary Distribution in Eastern North Carolina nonmetropolitan area
Salary progression for Cost Estimators typically correlates with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive project experience and a proven track record can command significantly higher salaries. The percentile gaps in salary distribution highlight these opportunities for career advancement, with senior estimators often earning well above the average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,510 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,260 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,250 | $33.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,100 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,020 | $51 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$69,680
Gross Pay
Real Wage (Purchasing Power)
$69,680
Adjusted for COL (100)
The nominal average annual salary of $69,680 in Eastern North Carolina aligns precisely with the national average cost of living index of 100. This means that while the take-home pay is lower than the national average for this role, the purchasing power of that salary within the region is equivalent to the national average. Therefore, the financial impact of relocating for this position is neutral from a cost-of-living perspective.
Job Market Context
250
Total Jobs
0.951
Per 1K Jobs
0.67
Location Quotient
Eastern North Carolina nonmetropolitan area has 0.67x 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 0.67 indicates that Cost Estimator roles are less concentrated in Eastern North Carolina compared to the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled individuals to enter or advance within the field without facing the intense competition found in areas with a higher concentration of these professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Cost Estimators Salary | $72,370↑ 4% | 32 mi |
| Pinehurst-Southern Pines, NC Cost Estimators Salary | $73,230↑ 5% | 36 mi |
| Burlington, NC Cost Estimators Salary | $66,280↓ 5% | 36 mi |
| Winston-Salem, NC Cost Estimators Salary | $73,280↑ 5% | 41 mi |
| Durham-Chapel Hill, NC Cost Estimators Salary | $79,210↑ 14% | 56 mi |
Comparing salaries near Eastern North Carolina nonmetropolitan area
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Frequently Asked Questions
How much does a Cost Estimators make in Eastern North Carolina nonmetropolitan area?
The median annual salary for a Cost Estimators in Eastern North Carolina nonmetropolitan area is $69,680. This typically ranges from $35,510 for entry-level positions to $106,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern North Carolina nonmetropolitan area is 16.2% lower than the national median of $83,140.
Is Eastern North Carolina nonmetropolitan area a lucrative place for Cost Estimators?
No, it is not a particularly lucrative place for Cost Estimators.The average salary of $69,680 is significantly lower than the national average of $83,140, despite a neutral cost of living.
Is Eastern North Carolina nonmetropolitan area a good place to live for Cost Estimators?
The Cost of Living Index in Eastern North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($72,370) and Pinehurst-Southern Pines, NC.
How does the local workforce size affect job prospects for Cost Estimators?
With a local workforce of 250 Cost Estimators, the market is relatively small, which can mean fewer openings but potentially less competition for those positions.
What does a Location Quotient of 0.67 signify for Cost Estimators in this region?
A Location Quotient below 1.0, like 0.67, indicates that Cost Estimators are less prevalent in Eastern North Carolina compared to the national average, suggesting a niche market.
How does the Cost of Living Index of 100 impact the $69,680 salary?
A Cost of Living Index of 100 means that the $69,680 salary has the same purchasing power in Eastern North Carolina as the national average salary would have nationally.
Are there many Cost Estimator jobs per 1,000 workers in Eastern North Carolina?
With 0.951 jobs per 1,000 workers, the availability of Cost Estimator roles is slightly below one per thousand, indicating a moderate but not abundant job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Eastern North Carolina nonmetropolitan area area with a job density of 0.951 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 Eastern North Carolina nonmetropolitan area