Average Cost Estimators Salary in Iowa
Cost Estimators in Iowa earn an average annual salary of $77,600, which is slightly below the national average of $83,140. This difference is often influenced by regional economic factors and the specific demand within Iowa's industries. The state's unique economic landscape shapes the compensation for this critical role.
Executive Summary
- Average Salary: $77,600 per year.
- Growth Trend: Salaries have shifted 11.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,340.
- Outlook: With a local workforce of 2,090 Cost Estimators, Iowa presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.94 indicates that the concentration of Cost Estimators in Iowa is very close to the national average, suggesting a steady demand that aligns with broader industry needs. The presence of over two thousand professionals in this field points to a robust and established sector within the state.
Salary Overview
The average Cost Estimators in Iowa earns-6.7%below the national average.
$37.3
$1,492
$6,467
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Iowa is not provided, it is reasonable to assume that salaries for Cost Estimators have seen consistent growth over the past four years, mirroring national trends. Economic development and increased construction or manufacturing activity typically drive up demand and, consequently, compensation for skilled estimators. This upward trajectory is likely to continue as industries evolve and require more precise cost analysis.
Cost Estimators Salary Distribution in Iowa
Salary progression for Cost Estimators in Iowa typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and specialized expertise can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on experience, strategic insight, and complex project management capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,920 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,200 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,290 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,000 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,340 | $53 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$77,600
Gross Pay
Real Wage (Purchasing Power)
$86,511
Adjusted for COL (89.7)
The nominal average salary of $77,600 in Iowa offers a strong purchasing power, especially when contrasted with the state's Cost of Living Index of 89.7. This index, which is below the national average of 100, means that the $77,600 earned by Cost Estimators in Iowa effectively goes further than it would in higher-cost regions. This makes Iowa an attractive location for professionals seeking financial well-being and a higher standard of living.
Job Market Context
2,090
Total Jobs
1.336
Per 1K Jobs
0.94
Location Quotient
Iowa has 0.94x the national average concentration of Cost Estimators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.94 suggests that the market for Cost Estimators in Iowa is nearly on par with the national average in terms of concentration. This indicates a balanced job market where demand is present and aligns with the number of professionals available. While not a highly concentrated market, it signifies a stable environment for Cost Estimators, with opportunities likely to be consistent rather than exceptionally competitive or scarce.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Cost Estimators Salary | $79,910↑ 3% | 21 mi |
| Des Moines-West Des Moines, IA Cost Estimators Salary | $79,530↑ 2% | 37 mi |
| Waterloo-Cedar Falls, IA Cost Estimators Salary | $72,220↓ 7% | 55 mi |
| Cedar Rapids, IA Cost Estimators Salary | $73,860↓ 5% | 79 mi |
| Iowa City, IA Cost Estimators Salary | $79,650↑ 3% | 90 mi |
Comparing salaries near Iowa
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Frequently Asked Questions
How much does a Cost Estimators make in Iowa?
The median annual salary for a Cost Estimators in Iowa is $77,600. This typically ranges from $49,920 for entry-level positions to $110,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa is 6.7% lower than the national median of $83,140.
Is Iowa a lucrative place for Cost Estimators?
Yes, particularly when considering the cost of living.While the average salary of $77,600 is slightly below the national average, Iowa's lower cost of living index of 89.7 enhances the purchasing power of this income, making it financially advantageous.
Is Iowa a good place to live for Cost Estimators?
With a Cost of Living Index of 89.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Iowa?
Some top paying nearby cities include Ames, IA ($79,910) and Des Moines-West Des Moines, IA.
How does the number of Cost Estimators in Iowa compare nationally?
Iowa has a total workforce of 2,090 Cost Estimators, with 1.336 jobs per 1,000 workers, indicating a solid presence within the national landscape.
What is the significance of the Location Quotient for Cost Estimators in Iowa?
A Location Quotient of 0.94 suggests that the concentration of Cost Estimators in Iowa is very close to the national average, implying a stable and consistent demand for these professionals.
Does experience significantly impact a Cost Estimator's salary in Iowa?
Yes, experience plays a crucial role, with senior Cost Estimators typically earning substantially more than entry-level professionals, reflecting increased skill and responsibility.
How does Iowa's cost of living affect the real value of a Cost Estimator's salary?
With a cost of living index below the national average, the $77,600 average salary in Iowa provides greater purchasing power, making the effective income higher than in more expensive states.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,090 employees in the Iowa area with a job density of 1.336 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 Iowa