Average Cost Estimators Salary in Palm Bay-Melbourne-Titusville, FL
In the Palm Bay-Melbourne-Titusville, FL metropolitan area, Cost Estimators earn an average annual salary of $59,710. This figure is notably lower than the national average of $83,140. Local economic factors, industry demand, and the specific business landscape within this Florida region contribute to this pay differential.
Executive Summary
- Average Salary: $59,710 per year.
- Growth Trend: Salaries have shifted 0.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,650.
- Outlook: The local job market for Cost Estimators in Palm Bay-Melbourne-Titusville, FL, shows a concentration of talent, with a total workforce of 670 individuals in this role. The Location Quotient of 1.94 indicates a significantly higher presence of Cost Estimators compared to the national average, suggesting a robust demand or a specialized industry presence that favors this profession within the region.
Salary Overview
The average Cost Estimators in Palm Bay-Melbourne-Titusville, FL earns-28.2%below the national average.
$28.7
$1,148
$4,976
Cost Estimators Salary Trends (2020-2024)
While specific historical data for this exact region isn't provided, it's generally assumed that salaries for Cost Estimators have seen a steady upward trend over the past four years, mirroring national patterns. Factors such as inflation, increasing project complexity, and a growing need for accurate cost projections likely contribute to incremental salary growth for professionals in this field.
Cost Estimators Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized knowledge can command significantly higher salaries. The percentile gaps in salary distribution clearly signify career advancement opportunities, with senior estimators reaching the upper echelons of earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,960 | $12 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,783 | $21.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,400 | $28.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $74,638 | $35.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,650 | $49.8 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$59,710
Gross Pay
Real Wage (Purchasing Power)
$59,710
Adjusted for COL (100)
The average annual salary for a Cost Estimator in Palm Bay-Melbourne-Titusville, FL, is $59,710, which aligns precisely with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is comparable to what a Cost Estimator would experience in a typical U.S. city.
Job Market Context
670
Total Jobs
2.761
Per 1K Jobs
1.94
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 1.9x 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 1.94, the Palm Bay-Melbourne-Titusville, FL area demonstrates a concentration of Cost Estimator roles that is nearly double the national average. This suggests a competitive market where demand for these skills is relatively high, potentially offering more opportunities for skilled professionals compared to areas with a lower concentration.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Cost Estimators Salary | $70,840↑ 19% | 17 mi |
| Port St. Lucie, FL Cost Estimators Salary | $75,380↑ 26% | 50 mi |
| Sebring, FL Cost Estimators Salary | $73,350↑ 23% | 59 mi |
| Orlando-Kissimmee-Sanford, FL Cost Estimators Salary | $77,720↑ 30% | 59 mi |
| North Florida nonmetropolitan area Cost Estimators Salary | $77,500↑ 30% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Cost Estimators in Palm Bay-Melbourne-Titusville, FL is $59,710. This typically ranges from $24,960 for entry-level positions to $103,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 28.2% lower than the national median of $83,140.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Cost Estimators?
No, not compared to the national average salary.While the cost of living is average, the average salary of $59,710 is significantly below the national average of $83,140 for Cost Estimators.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Cost Estimators?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($70,840) and Port St. Lucie, FL.
How does the Cost of Living in Palm Bay-Melbourne-Titusville, FL compare nationally?
The Cost of Living Index for Palm Bay-Melbourne-Titusville, FL is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What is the concentration of Cost Estimators in this Florida region?
The Location Quotient of 1.94 indicates that Cost Estimators are more than 1.9 times more concentrated in Palm Bay-Melbourne-Titusville, FL than the national average, suggesting a strong local presence of this profession.
How many Cost Estimators work in Palm Bay-Melbourne-Titusville, FL?
There are approximately 670 Cost Estimators employed within the Palm Bay-Melbourne-Titusville, FL metropolitan area.
Are there many job openings for Cost Estimators in this area?
With 2.761 jobs per 1,000 workers, the rate of employment for Cost Estimators is higher than the national average, indicating a healthy demand for these professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 670 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 2.761 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 Palm Bay-Melbourne-Titusville, FL