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Average Cost Estimators Salary in Indiana

Cost Estimators in Indiana earn an average annual salary of $74,550, which is below the national average of $83,140. This difference is often influenced by the state's unique economic landscape and the specific demand for these analytical roles within Indiana's industries.

Executive Summary

  • Average Salary: $74,550 per year.
  • Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $105,590.
  • Outlook: With a local workforce of 4,800 Cost Estimators, Indiana demonstrates a stable presence in this profession. The Location Quotient of 1.06 suggests a concentration of these roles slightly above the national average, indicating a healthy and consistent demand within the state's economy.
2024 Market Data

Salary Overview

$74,550

The average Cost Estimators in Indiana earns-10.3%below the national average.

BreakdownBased on 40h/week
Hourly

$35.8

Weekly

$1,434

Monthly

$6,213

Cost Estimators Salary Distribution in Indiana

The career trajectory for Cost Estimators in Indiana typically shows significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the upper percentiles, reflecting their increased value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$45,580$21.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$55,913$26.9
ManagerOversees team, compliance, and project delivery.50% (Median)$71,590$34.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$93,188$44.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$105,590$50.8

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$74,550

Gross Pay

Real Wage (Purchasing Power)

$82,833

Adjusted for COL (90)

The nominal salary of $74,550 in Indiana is significantly enhanced by the state's Cost of Living Index of 90, which is 10% lower than the national average. This means that the purchasing power of an Indiana-based Cost Estimator's salary is effectively higher, allowing their earnings to stretch further for everyday expenses compared to higher cost-of-living areas.

Job Market Context

4,800

Total Jobs

1.508

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Indiana has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

Indiana's Location Quotient of 1.06 for Cost Estimators indicates a job market that is slightly more concentrated than the national average. This suggests that while the profession is well-established and present, the market is not oversaturated, offering a balanced environment for both job seekers and employers.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Indianapolis-Carmel-Greenwood, IN Cost Estimators Salary$78,690↑ 6%8 mi
Kokomo, IN Cost Estimators Salary$75,640↑ 1%43 mi
Columbus, IN Cost Estimators Salary$75,100↑ 1%48 mi
Bloomington, IN Cost Estimators Salary$76,450↑ 3%49 mi
Lafayette-West Lafayette, IN Cost Estimators Salary$72,650↓ 3%50 mi

Comparing salaries near Indiana

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Frequently Asked Questions

How much does a Cost Estimators make in Indiana?

The median annual salary for a Cost Estimators in Indiana is $74,550. This typically ranges from $45,580 for entry-level positions to $105,590 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Indiana is 10.3% lower than the national median of $83,140.

Is Indiana a lucrative place for Cost Estimators?

Yes, especially when considering the cost of living.While the nominal salary is slightly below the national average, Indiana's lower cost of living significantly boosts the effective purchasing power of a Cost Estimator's earnings.

Is Indiana a good place to live for Cost Estimators?

With a Cost of Living Index of 90 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Indiana?

Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($78,690) and Kokomo, IN.

What is the average salary for a Cost Estimator in Indiana?

The average annual salary for a Cost Estimator in Indiana is $74,550.

How does Indiana's Cost Estimator salary compare to the national average?

Indiana's average salary of $74,550 is lower than the national average of $83,140.

Is the job market for Cost Estimators strong in Indiana?

Yes, with a Location Quotient of 1.06, the concentration of Cost Estimators in Indiana is slightly above the national average, indicating a robust demand.

How does the cost of living in Indiana affect a Cost Estimator's salary?

Indiana's cost of living is 10% lower than the national average (index of 90), making the $74,550 salary more valuable in terms of purchasing power.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,800 employees in the Indiana area with a job density of 1.508 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Indiana