Average Cost Estimators Salary in Lexington-Fayette, KY
Cost Estimators in Lexington-Fayette, KY, earn an average annual salary of $74,430. This figure is below the national average of $83,140, indicating that local market dynamics and potentially industry-specific demand in the region influence compensation. While the cost of living in Lexington-Fayette is precisely at the national average, the salary differential suggests a nuanced employment landscape for this profession.
Executive Summary
- Average Salary: $74,430 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,680.
- Outlook: The job market for Cost Estimators in Lexington-Fayette, KY, is moderately sized, with a total local workforce of 340 professionals. The location quotient of 0.84 suggests a slightly lower concentration of these roles compared to the national average, implying a stable but not exceptionally high demand. With 1.203 jobs per 1,000 workers, the market offers consistent opportunities for skilled individuals.
Salary Overview
The average Cost Estimators in Lexington-Fayette, KY earns-10.5%below the national average.
$35.8
$1,431
$6,203
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Lexington-Fayette, KY, have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, increased construction activity, and evolving industry needs likely contribute to a steady upward trajectory in compensation for experienced professionals in this field.
Cost Estimators Salary Distribution in Lexington-Fayette, KY
Salary progression for Cost Estimators in Lexington-Fayette, KY, typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while senior estimators with extensive project management and analytical skills command salaries in the upper percentiles. The widening gap between entry-level and senior compensation reflects the increasing value placed on 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) | $45,540 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,823 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,250 | $33.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,038 | $44.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,680 | $54.7 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$74,430
Gross Pay
Real Wage (Purchasing Power)
$74,430
Adjusted for COL (100)
The average annual salary of $74,430 in Lexington-Fayette, KY, aligns perfectly with the local cost of living index of 100, which is the national benchmark. This means that the purchasing power of a Cost Estimator's salary in this city is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
340
Total Jobs
1.203
Per 1K Jobs
0.84
Location Quotient
Lexington-Fayette, KY has 0.84x 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 0.84 indicates that Cost Estimators are slightly less concentrated in Lexington-Fayette, KY, than 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.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Cost Estimators Salary | $69,310↓ 7% | 28 mi |
| South Central Kentucky nonmetropolitan area Cost Estimators Salary | $70,030↓ 6% | 28 mi |
| West Kentucky nonmetropolitan area Cost Estimators Salary | $72,500↓ 3% | 28 mi |
| Louisville/Jefferson County, KY-IN Cost Estimators Salary | $73,180↓ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Lexington-Fayette, KY?
The median annual salary for a Cost Estimators in Lexington-Fayette, KY is $74,430. This typically ranges from $45,540 for entry-level positions to $113,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 10.5% lower than the national median of $83,140.
Is Lexington-Fayette, KY a lucrative place for Cost Estimatorss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $74,430 is below the national average of $83,140, although the cost of living is on par with the national average.
Is Lexington-Fayette, KY a good place to live for Cost Estimators?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($69,310) and South Central Kentucky nonmetropolitan area.
How does the cost of living in Lexington-Fayette, KY, affect salary expectations?
With a cost of living index of 100, the national average, the $74,430 salary for Cost Estimators in Lexington-Fayette, KY, offers purchasing power equivalent to the national median.
What is the concentration of Cost Estimators in Lexington-Fayette, KY?
The location quotient of 0.84 suggests that Cost Estimators are slightly less prevalent in Lexington-Fayette, KY, compared to the national average.
How many Cost Estimators are employed in Lexington-Fayette, KY?
There are approximately 340 Cost Estimators employed in the Lexington-Fayette, KY, area.
What is the job density for Cost Estimators in Lexington-Fayette, KY?
Cost Estimators hold about 1.203 jobs per 1,000 workers in Lexington-Fayette, KY, indicating a steady presence in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Lexington-Fayette, KY area with a job density of 1.203 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 Lexington-Fayette, KY