Average Cost Estimators Salary in Fort Wayne, IN
Cost Estimators in Fort Wayne, IN, earn an average annual salary of $69,890. This figure is notably below the national average of $83,140, suggesting that local market dynamics, such as industry demand and the specific types of projects prevalent in the region, play a significant role in compensation levels.
Executive Summary
- Average Salary: $69,890 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,760.
- Outlook: With a local workforce of 390 Cost Estimators, Fort Wayne presents a concentrated market. The Location Quotient of 1.24 indicates a higher-than-average concentration of these professionals compared to the national landscape, suggesting a stable, albeit specialized, demand within the area's industries.
Salary Overview
The average Cost Estimators in Fort Wayne, IN earns-15.9%below the national average.
$33.6
$1,344
$5,824
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Fort Wayne is not provided, it's reasonable to assume that salaries for Cost Estimators have seen gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity in construction and manufacturing, and a steady demand for accurate cost projections.
Cost Estimators Salary Distribution in Fort Wayne, IN
Salary progression for Cost Estimators in Fort Wayne typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior estimators with extensive project experience and specialized knowledge can command salaries in the higher percentiles, reflecting a clear career trajectory and increasing value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,440 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,418 | $25.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,750 | $32.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,363 | $42 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $96,760 | $46.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$69,890
Gross Pay
Real Wage (Purchasing Power)
$69,890
Adjusted for COL (100)
The average annual salary of $69,890 in Fort Wayne aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cost Estimator's salary in Fort Wayne is equivalent to the national average, offering a stable financial footing for residents.
Job Market Context
390
Total Jobs
1.762
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Fort Wayne, IN has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.24 signifies that Fort Wayne has a slightly higher concentration of Cost Estimators than the national average. This suggests a robust local demand for these skills, potentially offering more opportunities and a competitive environment for professionals in this field compared to less concentrated areas.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Cost Estimators Salary | $75,780↑ 8% | 59 mi |
| Elkhart-Goshen, IN Cost Estimators Salary | $72,610↑ 4% | 59 mi |
| Muncie, IN Cost Estimators Salary | $64,460↓ 8% | 63 mi |
| Kokomo, IN Cost Estimators Salary | $75,640↑ 8% | 67 mi |
| South Bend-Mishawaka, IN-MI Cost Estimators Salary | $70,060↑ 0% | 71 mi |
Comparing salaries near Fort Wayne, IN
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Frequently Asked Questions
How much does a Cost Estimators make in Fort Wayne, IN?
The median annual salary for a Cost Estimators in Fort Wayne, IN is $69,890. This typically ranges from $41,440 for entry-level positions to $96,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 15.9% lower than the national median of $83,140.
Is Fort Wayne, IN a lucrative place for Cost Estimators?
No, not exceptionally lucrative compared to the national average.While the salary of $69,890 is solid, it falls below the national average of $83,140. However, the cost of living matching the national average provides good purchasing power.
Is Fort Wayne, IN a good place to live for Cost Estimators?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($75,780) and Elkhart-Goshen, IN.
What is the average salary for a Cost Estimator in Fort Wayne, IN?
The average annual salary for a Cost Estimator in Fort Wayne, IN is $69,890.
How does Fort Wayne's Cost of Living compare to the national average?
Fort Wayne's Cost of Living Index is 100, which is exactly the national average, indicating a balanced economic environment for salaries.
Is there high demand for Cost Estimators in Fort Wayne?
With a Location Quotient of 1.24, Fort Wayne shows a higher-than-average concentration of Cost Estimators, suggesting a healthy and potentially growing demand for their services.
How many Cost Estimators work in Fort Wayne?
There are approximately 390 Cost Estimators employed in the Fort Wayne, IN 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 Fort Wayne, IN area with a job density of 1.762 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 Fort Wayne, IN