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Average Cost Estimators Salary in New York

Cost Estimators in New York earn an impressive average annual salary of $95,580, significantly surpassing the national average of $83,140. This elevated compensation is largely driven by New York's dynamic economic landscape and the specialized demand for accurate cost projections across its diverse industries, from construction to manufacturing.

Executive Summary

  • Average Salary: $95,580 per year.
  • Growth Trend: Salaries have shifted 19.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $149,990.
  • Outlook: With a substantial local workforce of 9,790 Cost Estimators, New York demonstrates a robust market for this profession. The location quotient of 0.72, while slightly below the national average, indicates a stable and established presence of these roles, suggesting consistent demand and opportunities within the state's economy.
2024 Market Data

Salary Overview

$95,580

The average Cost Estimators in New York earns+15.0%above the national average.

BreakdownBased on 40h/week
Hourly

$46

Weekly

$1,838

Monthly

$7,965

Cost Estimators Salary Distribution in New York

Career progression for Cost Estimators in New York typically correlates with experience, with entry-level positions offering a foundational salary and senior roles commanding significantly higher compensation. The percentile gaps between junior and experienced professionals highlight the value placed on accumulated expertise, strategic insight, and the ability to manage complex estimating projects.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,990$26
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$71,685$34.5
ManagerOversees team, compliance, and project delivery.50% (Median)$82,940$39.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$119,475$57.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$149,990$72.1

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$95,580

Gross Pay

Real Wage (Purchasing Power)

$76,403

Adjusted for COL (125.1)

While the nominal salary of $95,580 appears attractive, New York's Cost of Living Index of 125.1 means that this income will not stretch as far as it would in a more average-cost region. Effectively, the higher salary is necessary to maintain a comparable standard of living to the national average, given the elevated expenses in the state.

Job Market Context

9,790

Total Jobs

1.026

Per 1K Jobs

0.72

Location Quotient

Below Average

New York has 0.72x 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 0.72 suggests that Cost Estimator roles are present in New York but are not disproportionately concentrated compared to the rest of the nation. This indicates a healthy, albeit not hyper-specialized, job market where opportunities exist but may require targeted searching rather than being overwhelmingly abundant.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Binghamton, NY Cost Estimators Salary$79,650↓ 17%49 mi
Kingston, NY Cost Estimators Salary$80,810↓ 15%51 mi
Scranton--Wilkes-Barre, PA Cost Estimators Salary$76,370↓ 20%64 mi
Utica-Rome, NY Cost Estimators Salary$75,740↓ 21%66 mi
Albany-Schenectady-Troy, NY Cost Estimators Salary$85,910↓ 10%68 mi

Comparing salaries near New York

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in New York?

The median annual salary for a Cost Estimators in New York is $95,580. This typically ranges from $53,990 for entry-level positions to $149,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 15.0% higher than the national median of $83,140.

Is New York a lucrative place for Cost Estimators?

Yes, with caveats.Cost Estimators in New York earn substantially more than the national average, making it lucrative in nominal terms. However, the high cost of living significantly offsets this advantage, requiring careful financial planning.

Is New York a good place to live for Cost Estimators?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Binghamton, NY ($79,650) and Kingston, NY.

What is the average salary for a Cost Estimator in New York?

The average annual salary for a Cost Estimator in New York is $95,580.

How does New York's Cost Estimator salary compare to the national average?

Cost Estimators in New York earn approximately $12,440 more annually than the national average of $83,140.

What is the concentration of Cost Estimators in New York compared to the national average?

New York has a Location Quotient of 0.72 for Cost Estimators, indicating a slightly lower concentration of these professionals compared to the national average.

How does the cost of living in New York affect the purchasing power of a Cost Estimator's salary?

With a Cost of Living Index of 125.1, the $95,580 salary in New York has less purchasing power than the national average due to significantly higher living expenses.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,790 employees in the New York area with a job density of 1.026 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 York