Average Cost Estimators Salary in Fayetteville-Springdale-Rogers, AR
In Fayetteville-Springdale-Rogers, AR, Cost Estimators earn an average annual salary of $76,970. This figure is slightly below the national average of $83,140, a difference often influenced by regional economic factors and the specific demand within the local construction and manufacturing sectors. The cost of living in the area, however, aligns perfectly with the national average, providing a balanced perspective on compensation.
Executive Summary
- Average Salary: $76,970 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,600.
- Outlook: The local job market for Cost Estimators in Fayetteville-Springdale-Rogers, AR, shows a stable presence with a total workforce of 390 individuals. The Location Quotient of 1.02 indicates a concentration of these roles that is very close to the national average, suggesting a consistent, albeit not exceptionally high, demand for their expertise within the region's economic landscape.
Salary Overview
The average Cost Estimators in Fayetteville-Springdale-Rogers, AR earns-7.4%below the national average.
$37
$1,480
$6,414
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Cost Estimator salary trends in Fayetteville-Springdale-Rogers, AR, is not provided, it is reasonable to assume a general upward trajectory over the past four years, mirroring national trends. Economic growth, inflation, and increasing complexity in construction and project management typically drive salary increases for skilled professionals in this field.
Cost Estimators Salary Distribution in Fayetteville-Springdale-Rogers, AR
Salary progression for Cost Estimators is significantly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the pay scale, while senior estimators with extensive project portfolios and specialized knowledge can earn considerably more, often reaching the 75th percentile and beyond. The widening gap between entry-level and senior roles signifies clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,810 | $21.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,728 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,730 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,213 | $46.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,600 | $59.9 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$76,970
Gross Pay
Real Wage (Purchasing Power)
$76,970
Adjusted for COL (100)
With a nominal average salary of $76,970 and a Cost of Living Index of 100, Cost Estimators in Fayetteville-Springdale-Rogers, AR, experience a purchasing power that is precisely in line with the national average. This means that the salary earned effectively covers the average cost of goods and services, offering a stable financial standing relative to the rest of the country.
Job Market Context
390
Total Jobs
1.451
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Fayetteville-Springdale-Rogers, AR has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.02 for Cost Estimators in Fayetteville-Springdale-Rogers, AR, suggests that the concentration of these professionals is just slightly above the national average. This indicates a healthy, competitive job market where demand is present and aligns with the general availability of talent, without being overly saturated or exceptionally scarce.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Cost Estimators Salary | $61,890↓ 20% | 51 mi |
| Joplin, MO-KS Cost Estimators Salary | $73,940↓ 4% | 72 mi |
| Springfield, MO Cost Estimators Salary | $67,290↓ 13% | 91 mi |
| Tulsa, OK Cost Estimators Salary | $70,670↓ 8% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
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Frequently Asked Questions
How much does a Cost Estimators make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Cost Estimators in Fayetteville-Springdale-Rogers, AR is $76,970. This typically ranges from $43,810 for entry-level positions to $124,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 7.4% lower than the national median of $83,140.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Cost Estimators?
It is a moderately competitive place for Cost Estimators.While the average salary of $76,970 is slightly below the national average, the cost of living is also at par nationally. The job market concentration is stable, indicating consistent opportunities.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Cost Estimators?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($61,890) and Joplin, MO-KS.
How does the Cost Estimator salary in Fayetteville compare to the national average?
The average annual salary for Cost Estimators in Fayetteville-Springdale-Rogers, AR, is $76,970, which is approximately $6,170 less than the national average of $83,140.
What is the concentration of Cost Estimators in Fayetteville-Springdale-Rogers, AR?
The concentration, measured by the Location Quotient, is 1.02, indicating that the proportion of Cost Estimators in the local workforce is slightly higher than the national average.
How does the cost of living in Fayetteville affect the salary?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR, is 100, which is the national average. This means the $76,970 salary has purchasing power equivalent to the national average.
What is the total number of Cost Estimators in the Fayetteville area?
There are approximately 390 Cost Estimators employed within the Fayetteville-Springdale-Rogers, AR 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 390 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 1.451 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 Fayetteville-Springdale-Rogers, AR