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Average Cost Estimators Salary in Madison, WI

Cost Estimators in Madison, WI, earn an average annual salary of $74,910. This figure is notably below the national average of $83,140, suggesting that local market dynamics, industry demand, and potentially the cost of living influence compensation levels in this specific Wisconsin city.

Executive Summary

  • Average Salary: $74,910 per year.
  • Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $102,720.
  • Outlook: With a total local workforce of 760 Cost Estimators, Madison, WI, presents a moderately sized professional pool. The Location Quotient of 1.31 indicates a higher concentration of these professionals compared to the national average, suggesting a stable or potentially growing demand for their specialized skills within the region.
2024 Market Data

Salary Overview

$74,910

The average Cost Estimators in Madison, WI earns-9.9%below the national average.

BreakdownBased on 40h/week
Hourly

$36

Weekly

$1,441

Monthly

$6,243

Cost Estimators Salary Distribution in Madison, WI

Salary progression for Cost Estimators typically scales with experience. Entry-level professionals might start closer to the lower percentiles, while senior estimators with extensive project portfolios and specialized knowledge can command salaries significantly higher than the average. The widening gap between entry-level and senior roles reflects the value placed on accumulated expertise and proven track records.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,120$25.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$56,183$27
ManagerOversees team, compliance, and project delivery.50% (Median)$71,880$34.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$93,638$45
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$102,720$49.4

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$74,910

Gross Pay

Real Wage (Purchasing Power)

$74,910

Adjusted for COL (100)

The nominal average salary of $74,910 in Madison, WI, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cost Estimator's salary in Madison is equivalent to the national average, offering a stable financial standing relative to general living expenses.

Job Market Context

760

Total Jobs

1.871

Per 1K Jobs

1.31

Location Quotient

Above Average

With a location quotient of 1.31, Madison, WI has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A Location Quotient of 1.31 signifies that Madison, WI, has a higher concentration of Cost Estimators than the national average. This suggests a robust local market with a notable demand for these professionals, potentially offering more opportunities and a competitive environment for skilled individuals in this field.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Janesville-Beloit, WI Cost Estimators Salary$85,320↑ 14%33 mi
Rockford, IL Cost Estimators Salary$77,960↑ 4%59 mi
Fond du Lac, WI Cost Estimators Salary$75,540↑ 1%68 mi
Milwaukee-Waukesha, WI Cost Estimators Salary$78,090↑ 4%72 mi
Oshkosh-Neenah, WI Cost Estimators Salary$74,100↓ 1%77 mi

Comparing salaries near Madison, WI

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Madison, WI?

The median annual salary for a Cost Estimators in Madison, WI is $74,910. This typically ranges from $52,120 for entry-level positions to $102,720 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 9.9% lower than the national median of $83,140.

Is Madison, WI a lucrative place for Cost Estimators?

Yes, Madison, WI offers a competitive environment for Cost Estimators.While the average salary is slightly below the national average, the higher concentration of Cost Estimators (LQ of 1.31) and a cost of living on par with the national average indicate a stable and potentially advantageous market for these professionals.

Is Madison, WI a good place to live for Cost Estimators?

The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($85,320) and Rockford, IL.

How does Madison's Cost Estimator salary compare to the national average?

The average annual salary for Cost Estimators in Madison, WI, is $74,910, which is lower than the national average of $83,140.

What is the concentration of Cost Estimators in Madison, WI?

Madison, WI has a Location Quotient of 1.31 for Cost Estimators, indicating a higher concentration of these professionals compared to the national average.

How does the cost of living in Madison, WI affect salary perception?

With a Cost of Living Index of 100, Madison, WI, matches the national average, meaning the $74,910 salary has purchasing power equivalent to the national average.

What does the job market look like for Cost Estimators in Madison, WI?

The market is moderately sized with 760 professionals, and the higher Location Quotient suggests a healthy demand for Cost Estimators in the region.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Madison, WI area with a job density of 1.871 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Madison, WI