Average Cost Estimators Salary in Jackson, MS
Cost Estimators in Jackson, MS, earn an average annual salary of $74,060. This figure is notably below the national average of $83,140, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. While the cost of living in Jackson is precisely at the national average, the salary reflects specific regional economic factors.
Executive Summary
- Average Salary: $74,060 per year.
- Growth Trend: Salaries have shifted 4.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,890.
- Outlook: The local job market for Cost Estimators in Jackson, MS, comprises approximately 330 professionals. With a Location Quotient of 0.85, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand. The presence of 1.212 jobs per 1,000 workers further supports the notion of a consistent, albeit not rapidly expanding, employment landscape for this profession within the state.
Salary Overview
The average Cost Estimators in Jackson, MS earns-10.9%below the national average.
$35.6
$1,424
$6,172
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Jackson, MS, is not provided, it is reasonable to assume that salaries for Cost Estimators 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, ensuring that professionals maintain purchasing power and that the profession remains competitive.
Cost Estimators Salary Distribution in Jackson, MS
Career progression for Cost Estimators in Jackson, MS, is typically marked by significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while senior estimators with extensive project portfolios and specialized knowledge can command salaries well into the upper percentiles. These percentile gaps underscore the value placed on accumulated expertise and proven track records in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,440 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,545 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,130 | $35.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,575 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,890 | $49.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$74,060
Gross Pay
Real Wage (Purchasing Power)
$74,060
Adjusted for COL (100)
The nominal average salary of $74,060 in Jackson, MS, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Cost Estimator's salary in Jackson is equivalent to the national average. While the salary is lower than the national average, the cost of living being equal suggests that the take-home pay effectively covers standard expenses without significant strain compared to other regions.
Job Market Context
330
Total Jobs
1.212
Per 1K Jobs
0.85
Location Quotient
Jackson, MS has 0.85x 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.
With a Location Quotient of 0.85, Jackson, MS, exhibits a slightly lower concentration of Cost Estimators compared to the national average. This suggests that while the profession is present and necessary, it is not a dominant industry hub. The market is neither oversaturated nor exceptionally scarce, presenting a balanced environment for job seekers and employers alike, where opportunities exist but competition may be moderate.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Upper East Mississippi nonmetropolitan area Cost Estimators Salary | $66,020↓ 11% | 43 mi |
| Lower East Mississippi nonmetropolitan area Cost Estimators Salary | $67,000↓ 10% | 43 mi |
| Lower West Mississippi nonmetropolitan area Cost Estimators Salary | $68,590↓ 7% | 43 mi |
| West Delta Mississippi nonmetropolitan area Cost Estimators Salary | $65,300↓ 12% | 43 mi |
| Hattiesburg, MS Cost Estimators Salary | $68,390↓ 8% | 87 mi |
Comparing salaries near Jackson, MS
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Frequently Asked Questions
How much does a Cost Estimators make in Jackson, MS?
The median annual salary for a Cost Estimators in Jackson, MS is $74,060. This typically ranges from $44,440 for entry-level positions to $102,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 10.9% lower than the national median of $83,140.
Is Jackson, MS a lucrative place for Cost Estimators?
No, Jackson, MS, is not a particularly lucrative place for Cost Estimators.The average salary of $74,060 is below the national average, and while the cost of living is also at the national average, the lower nominal pay indicates less financial advantage compared to other regions.
Is Jackson, MS a good place to live for Cost Estimators?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($66,020) and Lower East Mississippi nonmetropolitan area.
How does the Cost Estimator salary in Jackson compare to the national average?
The average annual salary for Cost Estimators in Jackson, MS, is $74,060, which is approximately $9,080 less than the national average of $83,140.
What is the concentration of Cost Estimators in Jackson, MS?
The concentration, measured by the Location Quotient, is 0.85, indicating that Cost Estimators are slightly less prevalent in Jackson compared to the national average.
How does the cost of living in Jackson affect salary perception?
With a Cost of Living Index of 100, Jackson's cost of living is exactly at the national average. This means the $74,060 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
What does the workforce size suggest about job availability?
A local workforce of 330 Cost Estimators suggests a stable, established presence of the profession, but not necessarily rapid growth or high turnover, implying moderate job availability.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Jackson, MS area with a job density of 1.212 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 Jackson, MS