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Average Cost Estimators Salary in Maryland

Cost Estimators in Maryland earn an impressive average annual salary of $88,870, which is notably higher than the national average of $83,140. This elevated compensation is likely influenced by Maryland's robust economic landscape and the specific demands of industries prevalent within the state, requiring precise cost analysis for various projects.

Executive Summary

  • Average Salary: $88,870 per year.
  • Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $131,490.
  • Outlook: With a local workforce of 4,380 Cost Estimators, Maryland demonstrates a significant concentration of these professionals. The Location Quotient of 1.12 indicates a slightly higher presence of Cost Estimators in Maryland compared to the national average, suggesting a healthy and potentially growing demand for their specialized skills within the state's economy.
2024 Market Data

Salary Overview

$88,870

The average Cost Estimators in Maryland earns+6.9%above the national average.

BreakdownBased on 40h/week
Hourly

$42.7

Weekly

$1,709

Monthly

$7,406

Cost Estimators Salary Distribution in Maryland

The salary trajectory for Cost Estimators in Maryland typically scales significantly 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, reflecting their increased value and expertise in complex estimation tasks.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,160$24.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,653$32
ManagerOversees team, compliance, and project delivery.50% (Median)$81,490$39.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$111,088$53.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$131,490$63.2

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$88,870

Gross Pay

Real Wage (Purchasing Power)

$71,039

Adjusted for COL (125.1)

While the average salary of $88,870 in Maryland is attractive, the local Cost of Living Index stands at 125.1, meaning it is approximately 25% higher than the national average. This suggests that while nominal earnings are higher, the purchasing power of that salary may be somewhat diminished when compared to areas with a lower cost of living.

Job Market Context

4,380

Total Jobs

1.595

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, Maryland has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

Maryland's Location Quotient of 1.12 for Cost Estimators signifies a market where these professionals are slightly more concentrated than the national average. This indicates a competitive yet stable job market, suggesting that employers actively seek these skills, and professionals have a good opportunity to find relevant employment within the state.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Washington-Arlington-Alexandria, DC-VA-MD-WV Cost Estimators Salary$91,840↑ 3%17 mi
Baltimore-Columbia-Towson, MD Cost Estimators Salary$86,970↓ 2%19 mi
Gettysburg, PA Cost Estimators Salary$75,280↓ 15%58 mi
Lexington Park, MD Cost Estimators Salary$92,180↑ 4%59 mi
York-Hanover, PA Cost Estimators Salary$80,620↓ 9%62 mi

Comparing salaries near Maryland

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Frequently Asked Questions

How much does a Cost Estimators make in Maryland?

The median annual salary for a Cost Estimators in Maryland is $88,870. This typically ranges from $50,160 for entry-level positions to $131,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maryland is 6.9% higher than the national median of $83,140.

Is Maryland a lucrative place for Cost Estimators?

Yes, Maryland offers a lucrative environment for Cost Estimators.The average salary of $88,870 significantly surpasses the national average, and the state's slightly higher concentration of these roles suggests strong demand.

Is Maryland a good place to live for Cost Estimators?

The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maryland?

Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($91,840) and Baltimore-Columbia-Towson, MD.

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

Cost Estimators in Maryland earn an average of $88,870 annually, which is approximately $5,730 more than the national average of $83,140.

What is the concentration of Cost Estimators in Maryland?

Maryland has a Location Quotient of 1.12 for Cost Estimators, indicating that the profession is 12% more concentrated in the state than the national average.

How does the cost of living affect the salary in Maryland?

With a Cost of Living Index of 125.1, Maryland is more expensive than the national average. This means the higher salary needs to be considered against the increased expenses for residents.

What is the total number of Cost Estimators in Maryland?

There are approximately 4,380 Cost Estimators employed within the state of Maryland.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,380 employees in the Maryland area with a job density of 1.595 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 Maryland