Average Cost Estimators Salary in Omaha, NE-IA
Cost Estimators in Omaha, NE-IA earn an average annual salary of $76,330. This figure is slightly below the national average of $83,140, suggesting local market dynamics and demand play a significant role in compensation. Factors such as the regional economic landscape and the specific needs of industries within Omaha contribute to this pay differential.
Executive Summary
- Average Salary: $76,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,720.
- Outlook: With a local workforce of 880 Cost Estimators, Omaha presents a moderately concentrated market. The Location Quotient of 1.25 indicates a higher-than-average presence of these professionals compared to the national baseline, suggesting a stable demand for their specialized skills within the region.
Salary Overview
The average Cost Estimators in Omaha, NE-IA earns-8.2%below the national average.
$36.7
$1,468
$6,361
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Omaha's Cost Estimator salaries is not provided, it is generally assumed that compensation for this role has seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for accurate cost projections, and the evolving complexity of construction and project management.
Cost Estimators Salary Distribution in Omaha, NE-IA
Salary progression for Cost Estimators in Omaha, NE-IA, typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. These percentile gaps highlight the significant career growth and earning potential available through accumulating expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,640 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,248 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,050 | $35.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,413 | $45.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,720 | $50.8 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$76,330
Gross Pay
Real Wage (Purchasing Power)
$76,330
Adjusted for COL (100)
The average annual salary of $76,330 in Omaha, NE-IA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
880
Total Jobs
1.785
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Omaha, NE-IA has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.25 for Cost Estimators in Omaha signifies a job market with a notable concentration of these professionals, exceeding the national average. This suggests a competitive environment where employers may have a good pool of talent, but also indicates a strong regional demand for their specific expertise.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Lincoln, NE Cost Estimators Salary | $74,400↓ 3% | 45 mi |
| Sioux City, IA-NE-SD Cost Estimators Salary | $75,150↓ 2% | 87 mi |
Comparing salaries near Omaha, NE-IA
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Frequently Asked Questions
How much does a Cost Estimators make in Omaha, NE-IA?
The median annual salary for a Cost Estimators in Omaha, NE-IA is $76,330. This typically ranges from $48,640 for entry-level positions to $105,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Omaha, NE-IA is 8.2% lower than the national median of $83,140.
Is Omaha, NE-IA a lucrative place for Cost Estimators?
Yes, Omaha offers a balanced financial environment for Cost Estimators.While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power comparable. The strong local concentration of these roles indicates consistent demand.
Is Omaha, NE-IA a good place to live for Cost Estimators?
The Cost of Living Index in Omaha, NE-IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Omaha, NE-IA?
Some top paying nearby cities include Lincoln, NE ($74,400) and Sioux City, IA-NE-SD.
How does the Cost of Living in Omaha affect a Cost Estimator's salary?
With a Cost of Living Index of 100, Omaha's expenses are on par with the national average. This means the $76,330 average salary provides a purchasing power that is equivalent to the national average, offering good financial stability.
What does the Location Quotient of 1.25 mean for Cost Estimators in Omaha?
A Location Quotient of 1.25 indicates that Cost Estimators are more concentrated in Omaha than the national average. This suggests a robust local industry that relies on these professionals and a potentially competitive job market.
How many Cost Estimators are there in Omaha, NE-IA?
The Omaha, NE-IA metropolitan area is home to approximately 880 Cost Estimators, representing a significant portion of the local workforce in this specialized field.
What is the difference between the Omaha and national average salary for Cost Estimators?
Cost Estimators in Omaha, NE-IA, earn an average of $76,330 annually, which is $6,810 less than the national average of $83,140.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 880 employees in the Omaha, NE-IA area with a job density of 1.785 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 Omaha, NE-IA