Average Cost Estimators Salary in Northwest Colorado nonmetropolitan area
Cost Estimators in the Northwest Colorado nonmetropolitan area earn an impressive average annual salary of $84,870. This figure slightly surpasses the national average of $83,140, indicating a strong demand for these professionals in the region. The specialized nature of cost estimation, coupled with the unique economic landscape of nonmetropolitan areas, often commands higher compensation to attract and retain skilled talent.
Executive Summary
- Average Salary: $84,870 per year.
- Growth Trend: Salaries have shifted 27.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,930.
- Outlook: The local workforce of 290 Cost Estimators, while modest in absolute numbers, is significantly concentrated in the region with a Location Quotient of 1.55. This suggests a robust demand for these roles, as the concentration is 55% higher than the national average. The presence of 2.207 jobs per 1,000 workers further underscores a healthy and active job market for Cost Estimators in Northwest Colorado.
Salary Overview
The average Cost Estimators in Northwest Colorado nonmetropolitan area earns+2.1%above the national average.
$40.8
$1,632
$7,073
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Cost Estimators in Northwest Colorado has seen consistent growth over the past four years. Economic development and the increasing complexity of construction and project management typically drive up demand for accurate cost estimation, leading to upward pressure on salaries as the market matures and seeks experienced professionals.
Cost Estimators Salary Distribution in Northwest Colorado nonmetropolitan area
The career trajectory for Cost Estimators typically involves significant salary growth 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 well into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career progression and increased earning potential as expertise and responsibility grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,550 | $26.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,653 | $30.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,710 | $36.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,088 | $51 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $151,930 | $73 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$84,870
Gross Pay
Real Wage (Purchasing Power)
$84,870
Adjusted for COL (100)
The average annual salary of $84,870 in Northwest Colorado 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 this region is equivalent to that of someone earning the national average, offering a stable financial standing without the added burden of a higher cost of living.
Job Market Context
290
Total Jobs
2.207
Per 1K Jobs
1.55
Location Quotient
Northwest Colorado nonmetropolitan area has 1.6x the national concentration of Cost Estimators jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.55, Northwest Colorado exhibits a higher concentration of Cost Estimators compared to the national average. This indicates a specialized and potentially competitive market where employers may need to offer attractive compensation packages to secure top talent. The abundance of roles relative to the national average suggests a strong regional demand for these specialized skills.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Cost Estimators Salary | $82,630↓ 3% | 32 mi |
| Denver-Aurora-Centennial, CO Cost Estimators Salary | $89,550↑ 6% | 54 mi |
| Pueblo, CO Cost Estimators Salary | $85,330↑ 1% | 66 mi |
| Boulder, CO Cost Estimators Salary | $88,950↑ 5% | 67 mi |
| Greeley, CO Cost Estimators Salary | $82,800↓ 2% | 98 mi |
Comparing salaries near Northwest Colorado nonmetropolitan area
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Northwest Colorado nonmetropolitan area?
The median annual salary for a Cost Estimators in Northwest Colorado nonmetropolitan area is $84,870. This typically ranges from $54,550 for entry-level positions to $151,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Colorado nonmetropolitan area is 2.1% higher than the national median of $83,140.
Is Northwest Colorado nonmetropolitan area a lucrative place for Cost Estimators?
Yes, it is a lucrative area for Cost Estimators.The average salary of $84,870 is higher than the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Northwest Colorado nonmetropolitan area a good place to live for Cost Estimators?
The Cost of Living Index in Northwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($82,630) and Denver-Aurora-Centennial, CO.
How does the Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Northwest Colorado is $84,870, which is slightly higher than the national average of $83,140.
What is the concentration of Cost Estimators in Northwest Colorado?
The Location Quotient for Cost Estimators in this region is 1.55, meaning the concentration of these professionals is 55% higher than the national average.
How does the cost of living in Northwest Colorado affect salary value?
The Cost of Living Index is 100, which is the national average. This means the $84,870 salary has the same purchasing power as the national average salary.
What does the job market look like for Cost Estimators in this region?
The job market appears robust, with a higher-than-average concentration of Cost Estimators and a significant number of jobs per 1,000 workers, indicating strong regional demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Northwest Colorado nonmetropolitan area area with a job density of 2.207 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 Northwest Colorado nonmetropolitan area