Average Cost Estimators Salary in New York-Newark-Jersey City, NY-NJ
Cost Estimators in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $99,570, significantly surpassing the national average of $83,140. This elevated compensation reflects the region's dynamic economic landscape and the high demand for skilled professionals capable of accurately forecasting project costs in a complex urban environment.
Executive Summary
- Average Salary: $99,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $156,790.
- Outlook: With a substantial local workforce of 9,770 Cost Estimators, the New York-Newark-Jersey City area demonstrates a robust market for this profession. The Location Quotient of 0.73, while slightly below the national average, indicates a solid presence and ongoing need for these specialists within the region's vast construction and development sectors.
Salary Overview
The average Cost Estimators in New York-Newark-Jersey City, NY-NJ earns+19.8%above the national average.
$47.9
$1,915
$8,298
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in the New York-Newark-Jersey City area have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is driven by increasing project complexity, inflation, and the persistent demand for accurate cost forecasting in a thriving economic hub.
Cost Estimators Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Cost Estimators typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the upper percentiles, reflecting their increased value and expertise in complex estimation tasks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,990 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,678 | $35.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,540 | $41.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $124,463 | $59.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $156,790 | $75.4 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$99,570
Gross Pay
Real Wage (Purchasing Power)
$99,570
Adjusted for COL (100)
The average annual salary of $99,570 in the New York-Newark-Jersey City area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this income is effectively on par with the national average, making it a stable financial environment for Cost Estimators.
Job Market Context
9,770
Total Jobs
1.043
Per 1K Jobs
0.73
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.73x 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.
The Location Quotient of 0.73 suggests that Cost Estimators are slightly less concentrated in the New York-Newark-Jersey City area compared to the national average. This indicates a competitive but not oversaturated market, where skilled professionals can find ample opportunities without facing extreme competition, especially those with specialized expertise.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Cost Estimators Salary | $79,860↓ 20% | 44 mi |
| Trenton-Princeton, NJ Cost Estimators Salary | $82,760↓ 17% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Cost Estimators Salary | $87,340↓ 12% | 54 mi |
| New Haven, CT Cost Estimators Salary | $83,930↓ 16% | 70 mi |
| Waterbury-Shelton, CT Cost Estimators Salary | $85,780↓ 14% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Cost Estimators in New York-Newark-Jersey City, NY-NJ is $99,570. This typically ranges from $53,990 for entry-level positions to $156,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 19.8% higher than the national median of $83,140.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Cost Estimators?
Yes, it is a lucrative place for Cost Estimators.The average salary of $99,570 significantly exceeds the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Cost Estimators?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($79,860) and Trenton-Princeton, NJ.
How does the Cost Estimator salary compare to the national average?
The average salary for Cost Estimators in New York-Newark-Jersey City, NY-NJ is $99,570, which is notably higher than the national average of $83,140.
What is the concentration of Cost Estimators in this region?
The concentration, measured by the Location Quotient, is 0.73, indicating that Cost Estimators are present in this region at a rate slightly below the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, matching the national average. This means the higher nominal salary of $99,570 provides purchasing power equivalent to the national average.
What is the total number of Cost Estimators in the New York-Newark-Jersey City area?
There are approximately 9,770 Cost Estimators employed in the New York-Newark-Jersey City, NY-NJ metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,770 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 1.043 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 New York-Newark-Jersey City, NY-NJ