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Average Cost Estimators Salary in Ohio

Cost Estimators in Ohio earn an average annual salary of $80,580, slightly below the national average of $83,140. This minor difference is often influenced by the specific economic landscape and industry demands within the state, which can affect compensation structures compared to broader national trends.

Executive Summary

  • Average Salary: $80,580 per year.
  • Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $124,850.
  • Outlook: With a local workforce of 8,500 Cost Estimators, Ohio demonstrates a significant presence in this field. The Location Quotient of 1.08 suggests that this profession is slightly more concentrated in Ohio than the national average, indicating a stable and potentially growing demand for these skilled professionals within the state's economy.
2024 Market Data

Salary Overview

$80,580

The average Cost Estimators in Ohio earns-3.1%below the national average.

BreakdownBased on 40h/week
Hourly

$38.7

Weekly

$1,550

Monthly

$6,715

Cost Estimators Salary Distribution in Ohio

The salary trajectory for Cost Estimators in Ohio typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the upper percentiles. These percentile gaps clearly signify the career progression and increased earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,050$22.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$60,435$29.1
ManagerOversees team, compliance, and project delivery.50% (Median)$75,450$36.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$100,725$48.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$124,850$60

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$80,580

Gross Pay

Real Wage (Purchasing Power)

$88,744

Adjusted for COL (90.8)

The average annual salary of $80,580 in Ohio presents a favorable financial situation when considering the local Cost of Living Index of 90.8. This index, being below the national average of 100, means that the nominal salary earned by Cost Estimators in Ohio likely offers a higher purchasing power and a better standard of living compared to areas with a higher cost of living.

Job Market Context

8,500

Total Jobs

1.538

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, Ohio has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

Ohio's Location Quotient of 1.08 indicates a slightly higher concentration of Cost Estimators compared to the national average. This suggests a healthy and robust job market for these professionals, where demand is at least on par with, if not exceeding, national levels, making it a competitive yet accessible market for skilled individuals.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Mansfield, OH Cost Estimators Salary$67,990↓ 16%29 mi
Columbus, OH Cost Estimators Salary$82,920↑ 3%32 mi
Springfield, OH Cost Estimators Salary$73,270↓ 9%63 mi
Sandusky, OH Cost Estimators Salary$79,620↓ 1%73 mi
Lima, OH Cost Estimators Salary$75,780↓ 6%75 mi

Comparing salaries near Ohio

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Frequently Asked Questions

How much does a Cost Estimators make in Ohio?

The median annual salary for a Cost Estimators in Ohio is $80,580. This typically ranges from $46,050 for entry-level positions to $124,850 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ohio is 3.1% lower than the national median of $83,140.

Is Ohio a lucrative place for Cost Estimators?

Yes, Ohio offers a good financial standing for Cost Estimators.The average salary of $80,580, combined with a cost of living index below the national average, provides strong purchasing power. Furthermore, the slightly higher concentration of these roles suggests a stable job market.

Is Ohio a good place to live for Cost Estimators?

With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Ohio?

Some top paying nearby cities include Mansfield, OH ($67,990) and Columbus, OH.

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

The average salary for Cost Estimators in Ohio is $80,580, which is slightly lower than the national average of $83,140.

What is the concentration of Cost Estimators in Ohio?

Ohio has a Location Quotient of 1.08 for Cost Estimators, indicating a slightly higher concentration of these professionals compared to the national average.

How does the cost of living in Ohio affect a Cost Estimator's salary?

With a Cost of Living Index of 90.8, Ohio's lower cost of living means that the average salary of $80,580 likely provides a higher real income and standard of living than the same salary in a higher cost area.

What does the number of Cost Estimators per 1,000 workers suggest?

The figure of 1.538 jobs per 1,000 workers indicates the prevalence of Cost Estimator roles within Ohio's overall employment landscape, suggesting a steady demand for this profession.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,500 employees in the Ohio area with a job density of 1.538 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 Ohio