Average Cost Estimators Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Cost Estimators in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an impressive average annual salary of $87,790. This figure surpasses the national average of $83,140, indicating a strong demand and potentially higher value placed on these professionals within the region. The local economic landscape and industry concentration likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $87,790 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,010.
- Outlook: With a local workforce of 2,940 Cost Estimators, Minneapolis-St. Paul-Bloomington demonstrates a significant presence in this field. The Location Quotient of 1.07 suggests that the concentration of these jobs is slightly higher than the national average, pointing towards a robust and potentially growing job market for skilled cost estimation professionals in the area.
Salary Overview
The average Cost Estimators in Minneapolis-St. Paul-Bloomington, MN-WI earns+5.6%above the national average.
$42.2
$1,688
$7,316
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for construction and infrastructure projects, and the evolving complexity of cost estimation methodologies likely contribute to this upward salary trajectory.
Cost Estimators Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
The salary for a Cost Estimator typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized expertise can command salaries well into the upper percentiles. The substantial gap between entry-level and senior roles highlights the significant career progression and earning potential within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,860 | $27.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,843 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,890 | $38.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,738 | $52.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,010 | $60.6 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$87,790
Gross Pay
Real Wage (Purchasing Power)
$87,790
Adjusted for COL (100)
The average annual salary of $87,790 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the higher local pay effectively compensates for the cost of living, making it a financially stable location for Cost Estimators.
Job Market Context
2,940
Total Jobs
1.524
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.07 indicates that the Minneapolis-St. Paul-Bloomington area has a slightly higher concentration of Cost Estimators compared to the national average. This suggests a competitive yet accessible job market, where demand is present and potentially outstripping supply to a degree, offering good opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Cost Estimators Salary | $74,920↓ 15% | 58 mi |
| Southeast Minnesota nonmetropolitan area Cost Estimators Salary | $76,100↓ 13% | 58 mi |
| Southwest Minnesota nonmetropolitan area Cost Estimators Salary | $73,020↓ 17% | 58 mi |
| Northeast Minnesota nonmetropolitan area Cost Estimators Salary | $83,770↓ 5% | 58 mi |
| St. Cloud, MN Cost Estimators Salary | $78,000↓ 11% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Cost Estimators make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Cost Estimators in Minneapolis-St. Paul-Bloomington, MN-WI is $87,790. This typically ranges from $57,860 for entry-level positions to $126,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 5.6% higher than the national median of $83,140.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Cost Estimators?
Yes, it is a lucrative place for Cost Estimators.The average salary of $87,790 is higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power for these professionals.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Cost Estimators?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($74,920) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average salary for Cost Estimators in Minneapolis-St. Paul-Bloomington is $87,790, which is notably higher than the national average of $83,140.
What is the job market like for Cost Estimators in this area?
The job market is robust, with a local workforce of 2,940 and a Location Quotient of 1.07, suggesting a slightly higher concentration of these roles than the national average.
How does the cost of living affect the salary in Minneapolis-St. Paul-Bloomington?
The cost of living in Minneapolis-St. Paul-Bloomington is at the national average (100), meaning the higher local salary of $87,790 provides equivalent purchasing power to the national average salary.
What is the significance of the Location Quotient (LQ) for Cost Estimators in this region?
An LQ of 1.07 indicates that Cost Estimators are slightly more concentrated in Minneapolis-St. Paul-Bloomington than in the U.S. overall, suggesting a healthy demand for these professionals in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,940 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 1.524 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 Minneapolis-St. Paul-Bloomington, MN-WI