Average Cost Estimators Salary in Lincoln, NE
In Lincoln, NE, Cost Estimators earn an average annual salary of $74,400. 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 Lincoln is on par with the national average, the salary differential warrants a closer look at the local economic landscape for this profession.
Executive Summary
- Average Salary: $74,400 per year.
- Growth Trend: Salaries have shifted 17.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,860.
- Outlook: The local workforce for Cost Estimators in Lincoln, NE, comprises approximately 280 professionals. With a Location Quotient of 1.08, the concentration of these roles in Lincoln is slightly above the national average, indicating a stable, albeit not overwhelmingly robust, demand. The presence of 1.539 jobs per 1,000 workers suggests a consistent need for skilled estimators within the region's economic activities.
Salary Overview
The average Cost Estimators in Lincoln, NE earns-10.5%below the national average.
$35.8
$1,431
$6,200
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Lincoln's Cost Estimator salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing project complexity typically drive salary increases for specialized roles like Cost Estimators. Therefore, professionals in this field in Lincoln likely have experienced incremental salary growth, reflecting broader industry advancements and demand.
Cost Estimators Salary Distribution in Lincoln, NE
The salary trajectory for Cost Estimators in Lincoln, NE, typically scales 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. The gap between entry-level and senior roles signifies significant career progression opportunities and the value placed on accumulated expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,160 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,800 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,340 | $34.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,000 | $44.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,860 | $48.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$74,400
Gross Pay
Real Wage (Purchasing Power)
$74,400
Adjusted for COL (100)
The average annual salary of $74,400 for Cost Estimators in Lincoln, NE, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Cost Estimator's salary in Lincoln is equivalent to that of a Cost Estimator earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary effectively translates to a comparable standard of living.
Job Market Context
280
Total Jobs
1.539
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Lincoln, NE has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.08, Lincoln, NE, exhibits a slightly higher concentration of Cost Estimators compared to the national average. This suggests that the job market for these professionals is moderately competitive, with a demand that is at least on par with, if not slightly exceeding, the national average relative to the overall workforce. While not a major hub, Lincoln offers a stable environment for Cost Estimators.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Omaha, NE-IA Cost Estimators Salary | $76,330↑ 3% | 45 mi |
| South Nebraska nonmetropolitan area Cost Estimators Salary | $66,620↓ 10% | 86 mi |
| Northeast Nebraska nonmetropolitan area Cost Estimators Salary | $69,000↓ 7% | 86 mi |
| Northwest Nebraska nonmetropolitan area Cost Estimators Salary | $59,380↓ 20% | 86 mi |
| Grand Island, NE Cost Estimators Salary | $68,280↓ 8% | 88 mi |
Comparing salaries near Lincoln, NE
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Lincoln, NE?
The median annual salary for a Cost Estimators in Lincoln, NE is $74,400. This typically ranges from $48,160 for entry-level positions to $100,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lincoln, NE is 10.5% lower than the national median of $83,140.
Is Lincoln, NE a lucrative place for Cost Estimators?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $74,400 is below the national average of $83,140. The slightly higher concentration indicates stable demand but not necessarily premium compensation.
Is Lincoln, NE a good place to live for Cost Estimators?
The Cost of Living Index in Lincoln, NE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lincoln, NE?
Some top paying nearby cities include Omaha, NE-IA ($76,330) and South Nebraska nonmetropolitan area.
How does the Cost Estimator salary in Lincoln compare to the national average?
The average salary for Cost Estimators in Lincoln, NE, is $74,400, which is lower than the national average of $83,140.
What is the Cost of Living in Lincoln, NE for Cost Estimators?
The Cost of Living Index in Lincoln, NE, is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the national average.
How concentrated are Cost Estimator jobs in Lincoln, NE?
Lincoln, NE has a Location Quotient of 1.08 for Cost Estimators, indicating a slightly higher concentration of these jobs compared to the national average.
What is the total number of Cost Estimators in Lincoln, NE?
There are approximately 280 Cost Estimators working in Lincoln, NE.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Lincoln, NE area with a job density of 1.539 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Cost Estimators Salaries by State
Top Jobs in Lincoln, NE
- All Occupations Salary in Lincoln, NE
- Office and Administrative Support Occupations Salary in Lincoln, NE
- Food Preparation and Serving Related Occupations Salary in Lincoln, NE
- Sales and Related Occupations Salary in Lincoln, NE
- Transportation and Material Moving Occupations Salary in Lincoln, NE
- Management Occupations Salary in Lincoln, NE
- Healthcare Practitioners and Technical Occupations Salary in Lincoln, NE
- Production Occupations Salary in Lincoln, NE
- Business and Financial Operations Occupations Salary in Lincoln, NE
- Educational Instruction and Library Occupations Salary in Lincoln, NE
- Browse All Jobs in Lincoln, NE →
Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Lincoln, NE