Average Cost Estimators Salary in Evansville, IN
In Evansville, Indiana, Cost Estimators can expect an average annual salary of $73,780. This figure is slightly below the national average of $83,140, a common occurrence in metropolitan areas with a lower cost of living. Local economic factors and industry demand within Evansville significantly influence this compensation benchmark.
Executive Summary
- Average Salary: $73,780 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,100.
- Outlook: The Evansville, IN job market for Cost Estimators shows a stable presence, with a total local workforce of 200 individuals. The Location Quotient of 1.05 indicates a concentration of these roles that is slightly above the national average, suggesting a consistent, albeit not rapidly expanding, demand for skilled estimators within the region.
Salary Overview
The average Cost Estimators in Evansville, IN earns-11.3%below the national average.
$35.5
$1,419
$6,148
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Evansville is not provided, it is generally assumed that salaries for Cost Estimators nationwide have seen a steady upward trend over the past four years, driven by inflation, increased project complexity, and a growing need for accurate cost projections across various industries. This national trend likely influences local compensation adjustments in Evansville as well.
Cost Estimators Salary Distribution in Evansville, IN
The salary trajectory for Cost Estimators typically scales significantly with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries well above the average. The percentile gaps in salary distribution clearly signify the career progression and increased earning potential as one advances in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,440 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,335 | $26.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,010 | $33.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,225 | $44.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,100 | $52.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$73,780
Gross Pay
Real Wage (Purchasing Power)
$73,780
Adjusted for COL (100)
For individuals considering a move to Evansville, the average Cost Estimator salary of $73,780 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Evansville-based Cost Estimator's salary is equivalent to that of a Cost Estimator earning the national average in a national average cost-of-living area.
Job Market Context
200
Total Jobs
1.494
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Evansville, IN has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.05, Evansville demonstrates a slightly higher concentration of Cost Estimator jobs compared to the national average. This suggests that while the market is not oversaturated, there is a healthy and perhaps slightly more robust demand for these professionals relative to the general workforce size, indicating a competitive but accessible job market.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Cost Estimators Salary | $72,740↓ 1% | 28 mi |
| Paducah, KY-IL Cost Estimators Salary | $79,420↑ 8% | 88 mi |
| Bowling Green, KY Cost Estimators Salary | $66,200↓ 10% | 92 mi |
| Elizabethtown, KY Cost Estimators Salary | $78,510↑ 6% | 93 mi |
| Bloomington, IN Cost Estimators Salary | $76,450↑ 4% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Evansville, IN?
The median annual salary for a Cost Estimators in Evansville, IN is $73,780. This typically ranges from $47,440 for entry-level positions to $109,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 11.3% lower than the national median of $83,140.
Is Evansville, IN a lucrative place for Cost Estimators?
Yes, it offers competitive compensation relative to its cost of living.The average salary of $73,780 is strong, especially considering the local cost of living matches the national average. This indicates good purchasing power for Cost Estimators in Evansville.
Is Evansville, IN a good place to live for Cost Estimators?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($72,740) and Paducah, KY-IL.
How does the Evansville Cost Estimator salary compare to the national average?
The average salary for Cost Estimators in Evansville, IN is $73,780, which is below the national average of $83,140.
What is the Cost of Living in Evansville, IN?
Evansville, IN has a Cost of Living Index of 100, which is exactly the national average.
How many Cost Estimators work in Evansville, IN?
There are approximately 200 Cost Estimators working in Evansville, IN.
Is the job market for Cost Estimators strong in Evansville, IN?
The market shows a slight concentration above the national average (LQ of 1.05), indicating a stable and slightly more in-demand job market for Cost Estimators compared to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Evansville, IN area with a job density of 1.494 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 Evansville, IN