SalaryNode

Average Cost Estimators Salary in Maine

Cost Estimators in Maine earn an average annual salary of $74,420, which is below the national average of $83,140. This disparity is often influenced by regional economic factors, industry demand specific to the state, and the overall cost of doing business within Maine's unique market.

Executive Summary

  • Average Salary: $74,420 per year.
  • Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $106,960.
  • Outlook: With a local workforce of 780 Cost Estimators, Maine presents a moderately sized, specialized job market. The Location Quotient of 0.86 suggests a concentration slightly below the national average, indicating a stable but not overly saturated demand for these professionals within the state.
2024 Market Data

Salary Overview

$74,420

The average Cost Estimators in Maine earns-10.5%below the national average.

BreakdownBased on 40h/week
Hourly

$35.8

Weekly

$1,431

Monthly

$6,202

Cost Estimators Salary Distribution in Maine

Salary progression for Cost Estimators in Maine typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$42,790$20.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$55,815$26.8
ManagerOversees team, compliance, and project delivery.50% (Median)$73,090$35.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$93,025$44.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$106,960$51.4

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$74,420

Gross Pay

Real Wage (Purchasing Power)

$66,744

Adjusted for COL (111.5)

While the average nominal salary for a Cost Estimator in Maine is $74,420, the state's Cost of Living Index stands at 111.5, meaning it is 11.5% more expensive than the national average. This suggests that the purchasing power of a Maine-based Cost Estimator's salary is somewhat diminished compared to areas with a lower cost of living, requiring careful financial planning.

Job Market Context

780

Total Jobs

1.223

Per 1K Jobs

0.86

Location Quotient

Below Average

Maine 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.

The Location Quotient of 0.86 indicates that Cost Estimators are slightly less concentrated in Maine compared to the national average. This suggests a job market that is neither overly competitive nor scarce, offering a balanced environment for job seekers and employers alike. Professionals may find a steady stream of opportunities without facing intense competition.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Bangor, ME Cost Estimators Salary$74,290↓ 0%31 mi
Lewiston-Auburn, ME Cost Estimators Salary$75,050↑ 1%57 mi
Portland-South Portland, ME Cost Estimators Salary$78,410↑ 5%83 mi

Comparing salaries near Maine

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Maine?

The median annual salary for a Cost Estimators in Maine is $74,420. This typically ranges from $42,790 for entry-level positions to $106,960 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 10.5% lower than the national median of $83,140.

Is Maine a lucrative place for Cost Estimators?

No, not exceptionally lucrative compared to the national average.The average salary of $74,420 is below the national average, and the higher cost of living further impacts earning potential. However, the stable job market offers consistent opportunities.

Is Maine a good place to live for Cost Estimators?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Bangor, ME ($74,290) and Lewiston-Auburn, ME.

What is the average salary for a Cost Estimator in Maine?

The average annual salary for a Cost Estimator in Maine is $74,420.

How does Maine's Cost of Living compare to the national average?

Maine's Cost of Living Index is 111.5, making it 11.5% more expensive than the national average (which is indexed at 100).

Is the job market for Cost Estimators strong in Maine?

The market is stable with a workforce of 780 and a Location Quotient of 0.86, indicating a steady demand without excessive competition.

How does experience affect a Cost Estimator's salary in Maine?

Experience significantly impacts salary, with entry-level positions earning less and senior estimators commanding higher salaries, reflecting career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Maine area with a job density of 1.223 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 Maine