Average Cost Estimators Salary in Memphis, TN-MS-AR
Cost Estimators in the Memphis, TN-MS-AR area earn an average annual salary of $80,390. This figure is slightly below the national average of $83,140, indicating a localized compensation structure influenced by regional economic factors and industry demand within the tri-state area.
Executive Summary
- Average Salary: $80,390 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,940.
- Outlook: The Memphis region supports a dedicated workforce of approximately 600 Cost Estimators. With a Location Quotient of 0.68, the concentration of these professionals is below the national average, suggesting a potentially less saturated but perhaps more specialized job market within this specific metropolitan area.
Salary Overview
The average Cost Estimators in Memphis, TN-MS-AR earns-3.3%below the national average.
$38.7
$1,546
$6,699
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Cost Estimators in Memphis have experienced steady growth over the past four years, mirroring national trends of increasing demand for skilled professionals in construction, manufacturing, and project management sectors. This growth is often driven by inflation, evolving industry standards, and the need for accurate financial projections in complex projects.
Cost Estimators Salary Distribution in Memphis, TN-MS-AR
Salary progression for Cost Estimators typically correlates strongly 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 significantly higher than the average. The gap between entry-level and senior roles highlights substantial career advancement opportunities and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,870 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,293 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,590 | $36.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,488 | $48.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,940 | $56.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$80,390
Gross Pay
Real Wage (Purchasing Power)
$80,390
Adjusted for COL (100)
The nominal average salary of $80,390 in Memphis 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 Memphis is equivalent to that of the national average, suggesting a balanced economic environment where income effectively covers typical expenses.
Job Market Context
600
Total Jobs
0.97
Per 1K Jobs
0.68
Location Quotient
Memphis, TN-MS-AR has 0.68x 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.
A Location Quotient of 0.68 indicates that Cost Estimators are less concentrated in Memphis compared to the national average. This suggests that while the profession is present, the job market may not be as intensely competitive as in areas with a higher concentration, potentially offering more opportunities for skilled individuals seeking employment.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Cost Estimators Salary | $67,950↓ 15% | 64 mi |
| Jackson, TN Cost Estimators Salary | $71,830↓ 11% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Memphis, TN-MS-AR?
The median annual salary for a Cost Estimators in Memphis, TN-MS-AR is $80,390. This typically ranges from $51,870 for entry-level positions to $116,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 3.3% lower than the national median of $83,140.
Is Memphis, TN-MS-AR a lucrative place for Cost Estimatorss?
No, it is slightly below the national average.The average salary of $80,390 is below the national average of $83,140, though the cost of living is on par with the national average.
Is Memphis, TN-MS-AR a good place to live for Cost Estimators?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($67,950) and Jackson, TN.
What is the average salary for a Cost Estimator in Memphis, TN-MS-AR?
The average annual salary for a Cost Estimator in Memphis, TN-MS-AR is $80,390.
How does the Memphis Cost Estimator salary compare to the national average?
The average salary in Memphis ($80,390) is slightly lower than the national average ($83,140).
What is the Cost of Living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis, TN-MS-AR is 100, which is the same as the national average.
How concentrated is the Cost Estimator job market in Memphis?
The job market for Cost Estimators in Memphis is less concentrated than the national average, with a Location Quotient of 0.68.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Memphis, TN-MS-AR area with a job density of 0.97 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 Memphis, TN-MS-AR