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Average Cost Estimators Salary in Minnesota

Cost Estimators in Minnesota earn an average annual salary of $84,690, slightly surpassing the national average of $83,140. This competitive compensation reflects the state's specific economic demands and the specialized skill set required for accurate cost analysis within its diverse industries.

Executive Summary

  • Average Salary: $84,690 per year.
  • Growth Trend: Salaries have shifted 21.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $123,310.
  • Outlook: With a local workforce of 4,170 Cost Estimators, Minnesota demonstrates a stable presence in this profession. The Location Quotient of 1 indicates that the concentration of these roles aligns with the national average, suggesting a steady demand that is neither exceptionally high nor low, but consistent with industry norms.
2024 Market Data

Salary Overview

$84,690

The average Cost Estimators in Minnesota earns+1.9%above the national average.

BreakdownBased on 40h/week
Hourly

$40.7

Weekly

$1,629

Monthly

$7,058

Cost Estimators Salary Distribution in Minnesota

Salary progression for Cost Estimators in Minnesota is significantly influenced by experience. Entry-level professionals typically earn at the lower percentiles, while seasoned experts with extensive project portfolios and advanced analytical skills command salaries in the upper percentiles. The widening gap between entry-level and senior roles clearly signifies substantial career growth and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$54,430$26.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$63,518$30.5
ManagerOversees team, compliance, and project delivery.50% (Median)$79,950$38.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$105,863$50.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$123,310$59.3

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$84,690

Gross Pay

Real Wage (Purchasing Power)

$89,714

Adjusted for COL (94.4)

The average annual salary of $84,690 in Minnesota offers a strong purchasing power, especially when considered against the state's Cost of Living Index of 94.4. This index is below the national average of 100, meaning that the nominal salary translates to a higher effective income, allowing for a comfortable standard of living and greater financial flexibility for Cost Estimators residing in the state.

Job Market Context

4,170

Total Jobs

1.427

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Minnesota has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A Location Quotient of 1 for Cost Estimators in Minnesota signifies that the state employs this profession at a rate consistent with the national average. This suggests a balanced job market where demand and supply are relatively stable, indicating moderate competition for available positions and a predictable hiring environment for both employers and job seekers.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
St. Cloud, MN Cost Estimators Salary$78,000↓ 8%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Cost Estimators Salary$87,790↑ 4%58 mi

Comparing salaries near Minnesota

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Frequently Asked Questions

How much does a Cost Estimators make in Minnesota?

The median annual salary for a Cost Estimators in Minnesota is $84,690. This typically ranges from $54,430 for entry-level positions to $123,310 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 1.9% higher than the national median of $83,140.

Is Minnesota a lucrative place for Cost Estimators?

Yes, Minnesota offers a lucrative environment for Cost Estimators.The average salary of $84,690 exceeds the national average, and the cost of living is below the national average, enhancing overall financial well-being.

Is Minnesota a good place to live for Cost Estimators?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($78,000) and Minneapolis-St. Paul-Bloomington, MN-WI.

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

The average annual salary for a Cost Estimator in Minnesota is $84,690.

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

Minnesota's Cost of Living Index is 94.4, which is lower than the national average of 100, indicating a more affordable living environment.

How many Cost Estimators are there in Minnesota?

There are approximately 4,170 Cost Estimators employed in Minnesota.

Is the job market for Cost Estimators in Minnesota highly concentrated?

No, the Location Quotient of 1 suggests that the concentration of Cost Estimators in Minnesota is in line with the national average, indicating a balanced market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,170 employees in the Minnesota area with a job density of 1.427 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 Minnesota