Average Cost Estimators Salary in Olympia-Lacey-Tumwater, WA
Cost Estimators in the Olympia-Lacey-Tumwater, WA area earn an average annual salary of $86,180. This figure slightly surpasses the national average of $83,140, indicating a favorable compensation landscape for this profession within the region. Local market dynamics and specific industry demands likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $86,180 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,830.
- Outlook: The local job market for Cost Estimators in Olympia-Lacey-Tumwater, WA, appears robust, supported by a dedicated workforce of 250 professionals. The Location Quotient of 1.36 suggests a higher concentration of these roles compared to the national average, signaling a healthy demand and a potentially stable job outlook for skilled individuals in this area.
Salary Overview
The average Cost Estimators in Olympia-Lacey-Tumwater, WA earns+3.7%above the national average.
$41.4
$1,657
$7,182
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Olympia-Lacey-Tumwater, WA, have experienced consistent growth over the past four years, mirroring national trends. Economic expansion and evolving industry needs typically drive upward salary adjustments for specialized roles like cost estimation.
Cost Estimators Salary Distribution in Olympia-Lacey-Tumwater, WA
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and a proven track record can expect significantly higher compensation. The percentile gaps in salary distribution clearly signify the career advancement opportunities and earning potential as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,340 | $26.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,635 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,000 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,725 | $51.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,830 | $61 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$86,180
Gross Pay
Real Wage (Purchasing Power)
$86,180
Adjusted for COL (100)
With an average annual salary of $86,180 and a Cost of Living Index of 100, Cost Estimators in Olympia-Lacey-Tumwater, WA, experience a salary that perfectly aligns with the national average cost of living. This means the nominal income holds its purchasing power directly against the national standard, offering a stable financial footing for residents.
Job Market Context
250
Total Jobs
1.939
Per 1K Jobs
1.36
Location Quotient
With a location quotient of 1.36, Olympia-Lacey-Tumwater, WA has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.36 for Cost Estimators in Olympia-Lacey-Tumwater, WA, indicates a market that is 36% more concentrated than the national average. This suggests a more specialized and potentially competitive environment, where employers may actively seek out talent with specific local market knowledge, and professionals may find a greater number of relevant opportunities.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Cost Estimators Salary | $85,610↓ 1% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Cost Estimators Salary | $96,170↑ 12% | 47 mi |
| Longview-Kelso, WA Cost Estimators Salary | $85,320↓ 1% | 62 mi |
| Western Washington nonmetropolitan area Cost Estimators Salary | $79,540↓ 8% | 70 mi |
| Eastern Washington nonmetropolitan area Cost Estimators Salary | $83,030↓ 4% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Cost Estimators make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Cost Estimators in Olympia-Lacey-Tumwater, WA is $86,180. This typically ranges from $55,340 for entry-level positions to $126,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 3.7% higher than the national median of $83,140.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Cost Estimators?
Yes, it is a moderately lucrative place for Cost Estimators.The average salary of $86,180 is slightly above the national average, and the cost of living is exactly at the national average, providing good purchasing power.
Is Olympia-Lacey-Tumwater, WA a good place to live for Cost Estimators?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($85,610) and Seattle-Tacoma-Bellevue, WA.
How does the local salary compare to the national average?
The average annual salary for Cost Estimators in Olympia-Lacey-Tumwater, WA, is $86,180, which is slightly higher than the national average of $83,140.
What is the concentration of Cost Estimators in this area?
The Location Quotient of 1.36 indicates that Cost Estimators are more concentrated in Olympia-Lacey-Tumwater, WA, than the national average, suggesting a higher demand or specialized industry presence.
How does the cost of living affect the salary?
The Cost of Living Index is 100, meaning it is exactly at the national average. Therefore, the $86,180 salary in Olympia-Lacey-Tumwater, WA, has purchasing power equivalent to the national average.
What is the total number of Cost Estimators in the local workforce?
There are approximately 250 Cost Estimators employed within the Olympia-Lacey-Tumwater, WA, 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 250 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 1.939 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 Olympia-Lacey-Tumwater, WA