Average Cost Estimators Salary in Knoxville, TN
Cost Estimators in Knoxville, TN earn an average annual salary of $74,500. This figure is below the national average of $83,140, reflecting localized market dynamics and potentially a different demand for these specialized skills within the region. Factors such as the local economic landscape and industry concentration directly influence compensation levels for this role.
Executive Summary
- Average Salary: $74,500 per year.
- Growth Trend: Salaries have shifted 8.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,140.
- Outlook: The Knoxville job market for Cost Estimators appears stable, with a total local workforce of 510 professionals. The Location Quotient of 0.86 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate but not oversaturated demand. With 1.221 jobs per 1,000 workers, the market offers consistent opportunities for skilled individuals.
Salary Overview
The average Cost Estimators in Knoxville, TN earns-10.4%below the national average.
$35.8
$1,433
$6,208
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Cost Estimators nationwide and in Knoxville have experienced steady growth over the past four years, driven by inflation, increasing project complexity, and a sustained need for accurate cost analysis across various industries. This upward trend is expected to continue as the demand for precise financial planning in construction and manufacturing remains robust.
Cost Estimators Salary Distribution in Knoxville, TN
Salary progression for Cost Estimators is significantly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior estimators with extensive project portfolios and specialized knowledge can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory, rewarding accumulated expertise and demonstrated success in managing complex cost estimations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,840 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,875 | $26.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,920 | $33.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,125 | $44.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,140 | $51 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$74,500
Gross Pay
Real Wage (Purchasing Power)
$74,500
Adjusted for COL (100)
For Cost Estimators considering a move to Knoxville, TN, the nominal average salary of $74,500 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in Knoxville is equivalent to the national average, suggesting that your earnings will likely cover expenses at a comparable rate to the rest of the country.
Job Market Context
510
Total Jobs
1.221
Per 1K Jobs
0.86
Location Quotient
Knoxville, TN has 0.86x 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 0.86, Knoxville, TN, has a slightly lower concentration of Cost Estimators relative to the national average. This indicates that while the profession is present and valued, the market is not as saturated as in some other major metropolitan areas. This can translate to a more competitive environment for job seekers but also potentially greater opportunities for those with specialized skills to stand out.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Cost Estimators Salary | $69,420↓ 7% | 40 mi |
| Cleveland, TN Cost Estimators Salary | $76,150↑ 2% | 75 mi |
| Asheville, NC Cost Estimators Salary | $70,000↓ 6% | 83 mi |
| Kingsport-Bristol, TN-VA Cost Estimators Salary | $75,340↑ 1% | 87 mi |
| Johnson City, TN Cost Estimators Salary | $70,920↓ 5% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Knoxville, TN?
The median annual salary for a Cost Estimators in Knoxville, TN is $74,500. This typically ranges from $45,840 for entry-level positions to $106,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 10.4% lower than the national median of $83,140.
Is Knoxville, TN a lucrative place for Cost Estimatorss?
No, not significantly more lucrative than the national average.The average salary of $74,500 is below the national average of $83,140, although the cost of living is on par with the national average.
Is Knoxville, TN a good place to live for Cost Estimators?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($69,420) and Cleveland, TN.
How does the Cost of Living in Knoxville affect my salary?
Knoxville's Cost of Living Index is 100, meaning it matches the national average. Therefore, the $74,500 salary offers purchasing power equivalent to the national average salary.
What is the job market like for Cost Estimators in Knoxville?
The market has a moderate concentration (LQ of 0.86) and a stable workforce of 510, suggesting consistent but not overwhelming demand for Cost Estimators.
Can I expect my salary to increase with experience in Knoxville?
Yes, like most locations, experience is a key driver of salary growth for Cost Estimators in Knoxville, with senior roles commanding higher compensation.
How does Knoxville compare to other cities for Cost Estimator salaries?
Knoxville's average salary is lower than the national average, indicating that other major economic hubs may offer higher nominal salaries, though cost of living variations must also be considered.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Knoxville, TN area with a job density of 1.221 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 Knoxville, TN