SalaryNode

Average Cost Estimators Salary in New Haven, CT

Cost Estimators in New Haven, CT earn an average annual salary of $83,930, slightly surpassing the national average of $83,140. This competitive compensation reflects the specific economic dynamics and demand within the New Haven metropolitan area, ensuring that local professionals are compensated in line with regional market conditions.

Executive Summary

  • Average Salary: $83,930 per year.
  • Growth Trend: Salaries have shifted 0.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $128,620.
  • Outlook: With a local workforce of 420 Cost Estimators, New Haven presents a stable employment landscape for this profession. The location quotient of 1.03 indicates a concentration of these roles that is very close to the national average, suggesting a consistent and predictable demand for skilled estimators within the region.
2024 Market Data

Salary Overview

$83,930

The average Cost Estimators in New Haven, CT earns+1.0%above the national average.

BreakdownBased on 40h/week
Hourly

$40.4

Weekly

$1,614

Monthly

$6,994

Cost Estimators Salary Distribution in New Haven, CT

Salary progression for Cost Estimators in New Haven, CT, is significantly influenced by experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge command salaries in the higher percentiles. This widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,030$25
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$62,948$30.3
ManagerOversees team, compliance, and project delivery.50% (Median)$76,730$36.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$104,913$50.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$128,620$61.8

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$83,930

Gross Pay

Real Wage (Purchasing Power)

$83,930

Adjusted for COL (100)

The average annual salary of $83,930 for Cost Estimators in New Haven, CT, 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 New Haven is equivalent to that of their counterparts in a typical U.S. city, offering a stable financial foundation for residents.

Job Market Context

420

Total Jobs

1.465

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, New Haven, CT has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A location quotient of 1.03 for Cost Estimators in New Haven suggests a job market that is slightly more concentrated than the national average. This indicates a healthy, albeit not overwhelmingly abundant, presence of these roles, implying a competitive environment where skilled professionals are valued and sought after.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Bridgeport-Stamford-Danbury, CT Cost Estimators Salary$87,340↑ 4%16 mi
Waterbury-Shelton, CT Cost Estimators Salary$85,780↑ 2%18 mi
Connecticut nonmetropolitan area Cost Estimators Salary$83,960↑ 0%22 mi
Hartford-West Hartford-East Hartford, CT Cost Estimators Salary$86,730↑ 3%34 mi
Norwich-New London-Willimantic, CT Cost Estimators Salary$93,510↑ 11%46 mi

Comparing salaries near New Haven, CT

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in New Haven, CT?

The median annual salary for a Cost Estimators in New Haven, CT is $83,930. This typically ranges from $52,030 for entry-level positions to $128,620 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Haven, CT is 1.0% higher than the national median of $83,140.

Is New Haven, CT a lucrative place for Cost Estimatorss?

Yes, New Haven, CT offers a lucrative environment for Cost Estimators.The average salary of $83,930 is slightly above the national average, and the cost of living is exactly at the national average, providing excellent purchasing power.

Is New Haven, CT a good place to live for Cost Estimators?

The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Haven, CT?

Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($87,340) and Waterbury-Shelton, CT.

How does the Cost of Living in New Haven affect a Cost Estimator's salary?

With a Cost of Living Index of 100, the national average, a Cost Estimator's salary of $83,930 in New Haven holds its value effectively, offering purchasing power equivalent to the national average.

What is the job market like for Cost Estimators in New Haven?

The job market is stable, with a total local workforce of 420 and a location quotient of 1.03, indicating a concentration very close to the national average.

How many Cost Estimator jobs are there per 1,000 workers in New Haven?

There are approximately 1.465 Cost Estimator jobs per 1,000 workers in New Haven, CT.

Does experience significantly impact a Cost Estimator's salary in New Haven?

Yes, experience is a key factor, with entry-level roles earning less and senior positions commanding higher salaries, reflecting significant career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the New Haven, CT area with a job density of 1.465 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 New Haven, CT