Average Cost Estimators Salary in Greensboro-High Point, NC
Cost Estimators in Greensboro-High Point, NC, earn an average annual salary of $72,370. This figure is notably below the national average of $83,140, suggesting that local market dynamics and potentially a lower cost of living influence compensation in this region. While the nominal salary is lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $72,370 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,590.
- Outlook: The Greensboro-High Point area supports a local workforce of 580 Cost Estimators, with 1.626 jobs per 1,000 workers. This concentration, reflected in a Location Quotient of 1.14, indicates a slightly higher prevalence of these roles compared to the national average. This suggests a stable, albeit not exceptionally booming, demand for cost estimation professionals within the region.
Salary Overview
The average Cost Estimators in Greensboro-High Point, NC earns-13.0%below the national average.
$34.8
$1,392
$6,031
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Greensboro-High Point is not provided, it is reasonable to assume that salaries for Cost Estimators in this region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for specialized roles like cost estimation.
Cost Estimators Salary Distribution in Greensboro-High Point, NC
The salary trajectory for Cost Estimators in Greensboro-High Point, NC, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior estimators with extensive project experience and proven track records can command significantly higher salaries, often reaching into the upper percentiles. These percentile gaps clearly signify career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,890 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,278 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,530 | $34.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,463 | $43.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,590 | $51.7 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$72,370
Gross Pay
Real Wage (Purchasing Power)
$72,370
Adjusted for COL (100)
With an average annual salary of $72,370 and a Cost of Living Index of 100 (matching the national average), the nominal income in Greensboro-High Point, NC, offers purchasing power equivalent to the national standard. This means that while the salary is below the national average, the cost of goods and services is also at the national average, suggesting that the real value of the salary is maintained locally.
Job Market Context
580
Total Jobs
1.626
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Greensboro-High Point, NC has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.14 for Cost Estimators in Greensboro-High Point signifies a market where these professionals are slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment, where employers may actively seek out skilled individuals, but the market is not oversaturated, offering a balanced landscape for job seekers.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Burlington, NC Cost Estimators Salary | $66,280↓ 8% | 20 mi |
| Winston-Salem, NC Cost Estimators Salary | $73,280↑ 1% | 23 mi |
| Eastern North Carolina nonmetropolitan area Cost Estimators Salary | $69,680↓ 4% | 32 mi |
| Western North Carolina nonmetropolitan area Cost Estimators Salary | $68,490↓ 5% | 32 mi |
| Central North Carolina nonmetropolitan area Cost Estimators Salary | $70,160↓ 3% | 32 mi |
Comparing salaries near Greensboro-High Point, NC
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Greensboro-High Point, NC?
The median annual salary for a Cost Estimators in Greensboro-High Point, NC is $72,370. This typically ranges from $42,890 for entry-level positions to $107,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greensboro-High Point, NC is 13.0% lower than the national median of $83,140.
Is Greensboro-High Point, NC a lucrative place for Cost Estimators?
No, not exceptionally lucrative compared to the national average.While the average salary of $72,370 is solid, it falls below the national average of $83,140. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Greensboro-High Point, NC a good place to live for Cost Estimators?
The Cost of Living Index in Greensboro-High Point, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greensboro-High Point, NC?
Some top paying nearby cities include Burlington, NC ($66,280) and Winston-Salem, NC.
How does the Greensboro-High Point Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Greensboro-High Point, NC is $72,370, which is approximately $10,770 less than the national average of $83,140.
What is the concentration of Cost Estimators in Greensboro-High Point, NC?
The concentration, measured by the Location Quotient, is 1.14, indicating that Cost Estimators are slightly more prevalent in this area than the national average.
How does the cost of living in Greensboro-High Point affect the salary?
The Cost of Living Index is 100, meaning it matches the national average. Therefore, the $72,370 salary has the same purchasing power as the national average salary.
What does the job market look like for Cost Estimators in Greensboro-High Point?
With 1.626 jobs per 1,000 workers and a Location Quotient of 1.14, the market shows a stable demand for Cost Estimators, slightly above the national prevalence.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Greensboro-High Point, NC area with a job density of 1.626 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 Greensboro-High Point, NC