Average Cost Estimators Salary in Nevada
Cost Estimators in Nevada earn an impressive average annual salary of $88,960, surpassing the national average of $83,140. This elevated compensation is likely influenced by Nevada's specific economic drivers and the demand for skilled professionals in sectors requiring meticulous cost analysis.
Executive Summary
- Average Salary: $88,960 per year.
- Growth Trend: Salaries have shifted 28.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,590.
- Outlook: With a local workforce of 2,370 Cost Estimators, Nevada demonstrates a solid presence in this field. The Location Quotient of 1.09 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for their expertise within the state.
Salary Overview
The average Cost Estimators in Nevada earns+7.0%above the national average.
$42.8
$1,711
$7,413
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Cost Estimator salaries in Nevada have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased project complexity, and evolving industry demands typically contribute to upward salary adjustments for these crucial roles.
Cost Estimators Salary Distribution in Nevada
The career trajectory for Cost Estimators in Nevada typically shows significant salary increases 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 higher percentiles, reflecting a clear path for career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,870 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,720 | $32.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,270 | $38.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,200 | $53.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,590 | $64.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$88,960
Gross Pay
Real Wage (Purchasing Power)
$87,818
Adjusted for COL (101.3)
The average annual salary of $88,960 in Nevada presents a favorable financial outlook when considering the local Cost of Living Index of 101.3. This index, only slightly above the national average of 100, suggests that the higher nominal salary offers good purchasing power, allowing Cost Estimators to maintain a comfortable standard of living.
Job Market Context
2,370
Total Jobs
1.55
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Nevada has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.09 signifies that Cost Estimators are slightly more concentrated in Nevada than the national average. This suggests a healthy job market where demand is at least on par with, if not exceeding, the national average, indicating a competitive yet accessible environment for professionals in this field.
Nearby Job Markets
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Nevada?
The median annual salary for a Cost Estimators in Nevada is $88,960. This typically ranges from $47,870 for entry-level positions to $133,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nevada is 7.0% higher than the national median of $83,140.
Is Nevada a lucrative place for Cost Estimators?
Yes, Nevada offers a lucrative environment for Cost Estimators.The average salary significantly exceeds the national average, and the cost of living is only marginally higher, providing strong purchasing power.
Is Nevada a good place to live for Cost Estimators?
The Cost of Living Index in Nevada is 101.3. While higher than average, this often correlates with higher wages.
What is the average salary for a Cost Estimator in Nevada?
The average annual salary for a Cost Estimator in Nevada is $88,960.
How does Nevada's Cost Estimator salary compare to the national average?
Cost Estimators in Nevada earn approximately $5,820 more per year on average than their national counterparts.
Is the job market for Cost Estimators strong in Nevada?
Yes, the Location Quotient of 1.09 indicates a slightly higher concentration of Cost Estimators in Nevada compared to the national average, suggesting robust demand.
How does the cost of living in Nevada affect the salary?
With a Cost of Living Index of 101.3, Nevada's expenses are only slightly above the national average, meaning the higher salary provides good real income.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,370 employees in the Nevada area with a job density of 1.55 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 Nevada