Average Cost Estimators Salary in Peoria, IL
In Peoria, IL, Cost Estimators earn an average annual salary of $75,970. This figure is slightly below the national average of $83,140, indicating a localized compensation structure influenced by regional economic factors and the specific demands within the Peoria market. While not reaching the national benchmark, this salary reflects the value placed on these professionals within the local industrial and construction sectors.
Executive Summary
- Average Salary: $75,970 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,360.
- Outlook: The Cost Estimator job market in Peoria, IL, is characterized by a modest workforce of 230 professionals. With a Location Quotient of 0.98, the concentration of these roles is nearly on par with the national average, suggesting a stable and consistent demand for their expertise. The presence of 1.396 jobs per 1,000 workers further reinforces the steady employment landscape for Cost Estimators in the region.
Salary Overview
The average Cost Estimators in Peoria, IL earns-8.6%below the national average.
$36.5
$1,461
$6,331
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Peoria's Cost Estimator salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing complexity in construction and manufacturing projects typically drive salary increases for skilled professionals like Cost Estimators, suggesting that compensation in Peoria has likely seen incremental growth.
Cost Estimators Salary Distribution in Peoria, IL
Career progression for Cost Estimators in Peoria, IL, is typically marked by significant salary increases with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command salaries well above the average. The percentile gaps in salary distribution clearly signify the substantial rewards associated with advancing through junior, mid-level, and senior estimator roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,020 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,978 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,990 | $36.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,963 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,360 | $50.7 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$75,970
Gross Pay
Real Wage (Purchasing Power)
$75,970
Adjusted for COL (100)
The average annual salary of $75,970 for Cost Estimators in Peoria, IL, is perfectly aligned with the local cost of living, which stands at the national average of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial standing for professionals considering a move to or within Peoria.
Job Market Context
230
Total Jobs
1.396
Per 1K Jobs
0.98
Location Quotient
Peoria, IL has 0.98x the national average concentration of Cost Estimators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.98, the job market for Cost Estimators in Peoria, IL, is remarkably balanced against the national landscape. This indicates that the demand for these professionals is nearly equivalent to the national average, suggesting a competitive yet accessible market. There are neither significant shortages nor an oversupply of Cost Estimators, making it a steady environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Cost Estimators Salary | $76,300↑ 0% | 39 mi |
| West Central Illinois nonmetropolitan area Cost Estimators Salary | $70,360↓ 7% | 43 mi |
| East Central Illinois nonmetropolitan area Cost Estimators Salary | $71,700↓ 6% | 43 mi |
| Northwest Illinois nonmetropolitan area Cost Estimators Salary | $86,370↑ 14% | 43 mi |
| South Illinois nonmetropolitan area Cost Estimators Salary | $78,420↑ 3% | 43 mi |
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Cost Estimators make in Peoria, IL?
The median annual salary for a Cost Estimators in Peoria, IL is $75,970. This typically ranges from $46,020 for entry-level positions to $105,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 8.6% lower than the national median of $83,140.
Is Peoria, IL a lucrative place for Cost Estimators?
Peoria, IL offers a competitive salary for Cost Estimators.The average salary of $75,970 aligns perfectly with the national cost of living index, providing good purchasing power. While slightly below the national average salary, the stable job market and balanced concentration suggest consistent opportunities.
Is Peoria, IL a good place to live for Cost Estimators?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($76,300) and West Central Illinois nonmetropolitan area.
How does the Peoria Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Peoria, IL is $75,970, which is slightly lower than the national average of $83,140.
What is the concentration of Cost Estimators in Peoria, IL?
Peoria, IL has a Location Quotient of 0.98 for Cost Estimators, indicating that the concentration of these jobs is very close to the national average.
How does the cost of living in Peoria, IL affect the salary?
Peoria, IL has a Cost of Living Index of 100, which is the national average. This means the $75,970 salary has purchasing power equivalent to the national average.
What is the total workforce of Cost Estimators in Peoria, IL?
There are approximately 230 Cost Estimators working in Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Peoria, IL area with a job density of 1.396 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 Peoria, IL