Average Cost Estimators Salary in Massachusetts
Cost Estimators in Massachusetts earn an impressive average annual salary of $109,770, significantly surpassing the national average of $83,140. This elevated compensation is largely driven by the state's robust economic landscape, demand for specialized construction and project management skills, and the higher operational costs associated with doing business in the region.
Executive Summary
- Average Salary: $109,770 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,060.
- Outlook: With a local workforce of 5,340 Cost Estimators and a Location Quotient of 1.03, Massachusetts demonstrates a healthy and slightly above-average concentration of these professionals. This indicates a stable demand for their expertise, suggesting a robust job market that is well-supported by the state's ongoing development and infrastructure projects.
Salary Overview
The average Cost Estimators in Massachusetts earns+32.0%above the national average.
$52.8
$2,111
$9,148
Cost Estimators Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Cost Estimators in Massachusetts have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity in project scopes, and a steady demand for accurate cost projections likely contribute to this upward salary trajectory.
Cost Estimators Salary Distribution in Massachusetts
Salary progression for Cost Estimators in Massachusetts typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. These percentile gaps clearly signify substantial career progression and increased earning potential throughout a Cost Estimator's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,030 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $82,328 | $39.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,680 | $49.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $137,213 | $66 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,060 | $83.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$109,770
Gross Pay
Real Wage (Purchasing Power)
$73,969
Adjusted for COL (148.4)
While the nominal average salary of $109,770 in Massachusetts is substantial, it must be considered within the context of the state's high Cost of Living Index of 148.4. This means that while the take-home pay is considerably higher than the national average, the purchasing power may be somewhat moderated by the increased expenses for housing, goods, and services.
Job Market Context
5,340
Total Jobs
1.466
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Massachusetts has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.03 for Cost Estimators in Massachusetts indicates a job market that is very close to the national average in terms of concentration. This suggests a competitive yet stable environment where the demand for skilled estimators is consistently met by the available workforce, without significant oversupply or undersupply.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Cost Estimators Salary | $101,660↓ 7% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Cost Estimators Salary | $111,250↑ 1% | 24 mi |
| Providence-Warwick, RI-MA Cost Estimators Salary | $92,350↓ 16% | 29 mi |
| Amherst Town-Northampton, MA Cost Estimators Salary | $93,690↓ 15% | 52 mi |
| Springfield, MA Cost Estimators Salary | $96,240↓ 12% | 52 mi |
Comparing salaries near Massachusetts
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Frequently Asked Questions
How much does a Cost Estimators make in Massachusetts?
The median annual salary for a Cost Estimators in Massachusetts is $109,770. This typically ranges from $55,030 for entry-level positions to $173,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 32.0% higher than the national median of $83,140.
Is Massachusetts a lucrative place for Cost Estimators?
Yes, Massachusetts is a lucrative state for Cost Estimators.The average salary significantly exceeds the national average, and the state's slightly higher concentration of these roles suggests strong demand.
Is Massachusetts a good place to live for Cost Estimators?
The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts?
Some top paying nearby cities include Worcester, MA ($101,660) and Boston-Cambridge-Newton, MA-NH.
How does the Cost of Living affect a Cost Estimator's salary in Massachusetts?
The high Cost of Living Index of 148.4 in Massachusetts means that while the nominal salary is high, the actual purchasing power of $109,770 is reduced compared to areas with a lower cost of living.
What is the concentration of Cost Estimators in Massachusetts compared to the national average?
Massachusetts has a Location Quotient of 1.03, indicating a concentration of Cost Estimators that is slightly above the national average, suggesting a healthy demand for the role.
How many Cost Estimators are there in Massachusetts?
There are approximately 5,340 Cost Estimators employed within Massachusetts, representing 1.466 jobs per 1,000 workers in the state.
Can experience significantly increase a Cost Estimator's salary in Massachusetts?
Absolutely. As Cost Estimators gain more experience and expertise, their salaries can increase substantially, moving them into higher earning percentiles within the state's salary distribution.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,340 employees in the Massachusetts area with a job density of 1.466 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Massachusetts