Average Cost Estimators Salary in Little Rock-North Little Rock-Conway, AR
In Little Rock-North Little Rock-Conway, AR, Cost Estimators earn an average annual salary of $67,440. This figure is notably below the national average of $83,140, reflecting regional economic factors and local demand dynamics. The specific pay scales in this metropolitan area are influenced by the concentration of industries and the overall economic landscape.
Executive Summary
- Average Salary: $67,440 per year.
- Growth Trend: Salaries have shifted 16.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,330.
- Outlook: The Cost Estimator job market in Little Rock-North Little Rock-Conway, AR, comprises approximately 440 professionals. With a Location Quotient of 0.87, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of 1.237 jobs per 1,000 workers indicates a consistent, albeit moderate, need for these specialized skills within the local economy.
Salary Overview
The average Cost Estimators in Little Rock-North Little Rock-Conway, AR earns-18.9%below the national average.
$32.4
$1,297
$5,620
Cost Estimators Salary Trends (2020-2024)
While specific historical data for the Little Rock-North Little Rock-Conway, AR, Cost Estimator market is not provided, it is generally assumed that salaries for this profession have seen incremental growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for accurate project cost analysis, and the evolving complexity of construction and manufacturing projects.
Cost Estimators Salary Distribution in Little Rock-North Little Rock-Conway, AR
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command significantly higher salaries. The percentile gaps in salary distribution clearly signify career advancement opportunities, rewarding accumulated expertise and successful project contributions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,920 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,580 | $24.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,390 | $30 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,300 | $40.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,330 | $47.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$67,440
Gross Pay
Real Wage (Purchasing Power)
$67,440
Adjusted for COL (100)
The average annual salary of $67,440 for Cost Estimators in Little Rock-North Little Rock-Conway, AR, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
440
Total Jobs
1.237
Per 1K Jobs
0.87
Location Quotient
Little Rock-North Little Rock-Conway, AR has 0.87x 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.
The Location Quotient of 0.87 for Cost Estimators in Little Rock-North Little Rock-Conway, AR, indicates that the job market is slightly less concentrated than the national average. This suggests that while the profession is present and necessary, it is not a dominant sector, implying a moderately competitive environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| South Arkansas nonmetropolitan area Cost Estimators Salary | $74,620↑ 11% | 17 mi |
| North Arkansas nonmetropolitan area Cost Estimators Salary | $68,720↑ 2% | 17 mi |
| West Arkansas nonmetropolitan area Cost Estimators Salary | $76,130↑ 13% | 17 mi |
| East Arkansas nonmetropolitan area Cost Estimators Salary | $70,810↑ 5% | 17 mi |
Comparing salaries near Little Rock-North Little Rock-Conway, AR
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Cost Estimators in Little Rock-North Little Rock-Conway, AR is $67,440. This typically ranges from $40,920 for entry-level positions to $98,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 18.9% lower than the national median of $83,140.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Cost Estimators?
No, not exceptionally lucrative compared to national averages.While the salary of $67,440 is competitive with the local cost of living, it falls below the national average for Cost Estimators. The slightly lower Location Quotient also suggests a less robust market demand compared to other regions.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Cost Estimators?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($74,620) and North Arkansas nonmetropolitan area.
How does the Cost of Living in Little Rock compare nationally?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR, is 100, which is exactly the national average. This means that the general price level for goods and services is comparable to the rest of the United States.
What is the total number of Cost Estimators in the Little Rock area?
There are approximately 440 Cost Estimators employed within the Little Rock-North Little Rock-Conway, AR, metropolitan area.
Does a higher Location Quotient mean more job opportunities for Cost Estimators?
Generally, a higher Location Quotient suggests a greater concentration of a particular occupation relative to the national average, which can often correlate with more specialized job opportunities and potentially higher demand within that specific region.
How does experience impact a Cost Estimator's salary in Little Rock?
Experience is a significant factor; entry-level Cost Estimators will earn less than senior professionals who possess extensive project experience and a proven track record, leading to higher earning potential as their careers progress.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 1.237 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 Little Rock-North Little Rock-Conway, AR
- All Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Office and Administrative Support Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Transportation and Material Moving Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Sales and Related Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Healthcare Practitioners and Technical Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Food Preparation and Serving Related Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Management Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Business and Financial Operations Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Educational Instruction and Library Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Production Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Browse All Jobs in Little Rock-North Little Rock-Conway, AR →
Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Little Rock-North Little Rock-Conway, AR