Average Cost Estimators Salary in Grand Rapids-Wyoming-Kentwood, MI
Cost Estimators in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $75,990. This figure is below the national average of $83,140, suggesting a localized market dynamic influencing compensation. Factors such as regional demand, industry concentration, and the specific economic landscape of West Michigan likely contribute to this pay differential.
Executive Summary
- Average Salary: $75,990 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,910.
- Outlook: The Grand Rapids-Wyoming-Kentwood area supports a workforce of 1,100 Cost Estimators, indicating a stable presence in the local job market. With a Location Quotient of 1.37, the concentration of these roles is higher than the national average, suggesting a potentially robust demand for skilled professionals in this sector within the region.
Salary Overview
The average Cost Estimators in Grand Rapids-Wyoming-Kentwood, MI earns-8.6%below the national average.
$36.5
$1,461
$6,333
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Cost Estimators have experienced steady growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing project complexity and the continuous need for accurate cost analysis across various industries in the Grand Rapids metropolitan area.
Cost Estimators Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Salary progression for Cost Estimators typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise and demonstrated success in cost estimation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,490 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,993 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,390 | $34.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,988 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,910 | $52.4 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$75,990
Gross Pay
Real Wage (Purchasing Power)
$75,990
Adjusted for COL (100)
The average annual salary of $75,990 for Cost Estimators in Grand Rapids-Wyoming-Kentwood aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial environment for professionals relocating to or residing in the area.
Job Market Context
1,100
Total Jobs
1.956
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Grand Rapids-Wyoming-Kentwood, MI has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.37 signifies that Cost Estimators are more concentrated in the Grand Rapids-Wyoming-Kentwood area than the national average. This suggests a healthy, and potentially competitive, job market with a greater availability of opportunities relative to the size of the general workforce, indicating a favorable environment for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Cost Estimators Salary | $72,950↓ 4% | 35 mi |
| Kalamazoo-Portage, MI Cost Estimators Salary | $79,510↑ 5% | 48 mi |
| Battle Creek, MI Cost Estimators Salary | $77,800↑ 2% | 51 mi |
| Lansing-East Lansing, MI Cost Estimators Salary | $79,030↑ 4% | 58 mi |
| Mid Michigan nonmetropolitan area Cost Estimators Salary | $71,090↓ 6% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Cost Estimators make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Cost Estimators in Grand Rapids-Wyoming-Kentwood, MI is $75,990. This typically ranges from $46,490 for entry-level positions to $108,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 8.6% lower than the national median of $83,140.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Cost Estimators?
Yes, with a caveat.While the average salary is slightly below the national average, the cost of living is also at the national average, maintaining purchasing power. Furthermore, the higher-than-average concentration of roles suggests strong local demand.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Cost Estimators?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($72,950) and Kalamazoo-Portage, MI.
How does the Grand Rapids Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Grand Rapids-Wyoming-Kentwood is $75,990, which is approximately 8.5% lower than the national average of $83,140.
What is the significance of the Location Quotient (LQ) for Cost Estimators in Grand Rapids?
An LQ of 1.37 indicates that Cost Estimators are 37% more concentrated in the Grand Rapids-Wyoming-Kentwood area compared to the national average, suggesting a higher demand or specialized industry presence.
How does the cost of living in Grand Rapids affect the salary?
With a Cost of Living Index of 100, Grand Rapids matches the national average. This means the $75,990 salary offers a purchasing power equivalent to the national average, despite being nominally lower.
What does the local workforce size suggest about job availability for Cost Estimators?
A local workforce of 1,100 Cost Estimators indicates a substantial and established presence of this profession within the Grand Rapids metropolitan area, implying consistent job opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,100 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 1.956 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 Grand Rapids-Wyoming-Kentwood, MI