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Average Cost Estimators Salary in North Carolina

Cost Estimators in North Carolina earn an average annual salary of $74,660, which is below the national average of $83,140. This variance is often influenced by regional economic factors, industry demand, and the overall cost of doing business within the state. North Carolina's specific market dynamics play a crucial role in shaping compensation for this vital role.

Executive Summary

  • Average Salary: $74,660 per year.
  • Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $118,650.
  • Outlook: With a local workforce of 6,620 Cost Estimators, North Carolina demonstrates a significant presence in this field. The Location Quotient of 0.95 indicates that the concentration of these professionals is nearly on par with the national average, suggesting a stable and consistent demand for their expertise within the state's industries.
2024 Market Data

Salary Overview

$74,660

The average Cost Estimators in North Carolina earns-10.2%below the national average.

BreakdownBased on 40h/week
Hourly

$35.9

Weekly

$1,436

Monthly

$6,222

Cost Estimators Salary Distribution in North Carolina

Salary progression for Cost Estimators in North Carolina typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior estimators with extensive project management and analytical skills can command significantly higher salaries. The percentile gaps in earnings clearly signify the value placed on accumulated expertise and proven track records.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$39,540$19
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$55,995$26.9
ManagerOversees team, compliance, and project delivery.50% (Median)$72,230$34.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$93,325$44.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$118,650$57

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$74,660

Gross Pay

Real Wage (Purchasing Power)

$78,672

Adjusted for COL (94.9)

The average annual salary of $74,660 in North Carolina presents a favorable financial picture when considering the local Cost of Living Index of 94.9. This index, slightly below the national average of 100, suggests that the nominal salary offers a good purchasing power, allowing for a comfortable standard of living relative to the rest of the country.

Job Market Context

6,620

Total Jobs

1.352

Per 1K Jobs

0.95

Location Quotient

Below Average

North Carolina has 0.95x 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 0.95 for Cost Estimators in North Carolina signifies a job market that is closely aligned with the national average in terms of professional concentration. This indicates a healthy, competitive environment where opportunities are readily available, but professionals may need to highlight specific skills and experience to stand out.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Greensboro-High Point, NC Cost Estimators Salary$72,370↓ 3%32 mi
Pinehurst-Southern Pines, NC Cost Estimators Salary$73,230↓ 2%36 mi
Burlington, NC Cost Estimators Salary$66,280↓ 11%36 mi
Winston-Salem, NC Cost Estimators Salary$73,280↓ 2%41 mi
Durham-Chapel Hill, NC Cost Estimators Salary$79,210↑ 6%56 mi

Comparing salaries near North Carolina

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in North Carolina?

The median annual salary for a Cost Estimators in North Carolina is $74,660. This typically ranges from $39,540 for entry-level positions to $118,650 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in North Carolina is 10.2% lower than the national median of $83,140.

Is North Carolina a lucrative place for Cost Estimators?

Moderately. North Carolina offers a competitive salary for Cost Estimators, slightly below the national average but with a cost of living that enhances purchasing power.The average salary of $74,660 is substantial, especially given the cost of living index of 94.9. While not the highest nationally, it provides good value.

Is North Carolina a good place to live for Cost Estimators?

With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near North Carolina?

Some top paying nearby cities include Greensboro-High Point, NC ($72,370) and Pinehurst-Southern Pines, NC.

What is the average salary for a Cost Estimator in North Carolina?

The average annual salary for a Cost Estimator in North Carolina is $74,660.

How does North Carolina's Cost Estimator salary compare to the national average?

The average salary in North Carolina ($74,660) is lower than the national average ($83,140).

What is the concentration of Cost Estimators in North Carolina?

North Carolina has a Location Quotient of 0.95 for Cost Estimators, indicating a concentration very close to the national average.

How does the cost of living in North Carolina affect salary perception?

With a Cost of Living Index of 94.9 (below the national average of 100), the $74,660 salary offers good purchasing power for residents.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,620 employees in the North Carolina area with a job density of 1.352 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 North Carolina