Average Cost Estimators Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Cost Estimators in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area earn an impressive average annual salary of $84,310. This figure slightly surpasses the national average of $83,140, indicating a strong demand for these professionals within the region. The localized economic landscape and specific industry needs likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $84,310 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,540.
- Outlook: With a substantial local workforce of 4,100 Cost Estimators, the Philadelphia-Camden-Wilmington area demonstrates a significant concentration of talent. The Location Quotient of 1.0 suggests that the proportion of Cost Estimators in this region is on par with the national average, implying a stable and established job market for this profession.
Salary Overview
The average Cost Estimators in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+1.4%above the national average.
$40.5
$1,621
$7,026
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for skilled Cost Estimators has seen consistent growth over the past four years, mirroring broader economic development and construction activity. This trend likely translates to a steady increase in average salaries within the Philadelphia-Camden-Wilmington region, reflecting the evolving value of accurate cost estimation in various industries.
Cost Estimators Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior estimators with extensive project experience and specialized knowledge command significantly higher salaries. The percentile gaps in earnings clearly signify career progression, rewarding accumulated expertise and a proven track record in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,680 | $25.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,233 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,580 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,388 | $50.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,540 | $60.4 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$84,310
Gross Pay
Real Wage (Purchasing Power)
$84,310
Adjusted for COL (100)
The nominal average annual salary of $84,310 in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to the national average, offering a balanced financial standing for residents.
Job Market Context
4,100
Total Jobs
1.431
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.0 for Cost Estimators in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area indicates that the concentration of these professionals is precisely at the national average. This suggests a balanced job market, neither overly saturated nor significantly undersupplied, offering moderate competition for available positions.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Cost Estimators Salary | $82,760↓ 2% | 28 mi |
| Vineland, NJ Cost Estimators Salary | $86,700↑ 3% | 35 mi |
| Allentown-Bethlehem-Easton, PA-NJ Cost Estimators Salary | $79,500↓ 6% | 47 mi |
| Sussex Delaware nonmetropolitan area Cost Estimators Salary | $67,530↓ 20% | 47 mi |
| Reading, PA Cost Estimators Salary | $77,330↓ 8% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Cost Estimators in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $84,310. This typically ranges from $52,680 for entry-level positions to $125,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 1.4% higher than the national median of $83,140.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Cost Estimatorss?
Yes, it is a competitive place for Cost Estimators.The average salary of $84,310 slightly exceeds the national average, and the cost of living is on par with the national average, offering good earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Cost Estimators?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($82,760) and Vineland, NJ.
How does the Cost Estimator salary in Philadelphia compare to the national average?
The average annual salary for Cost Estimators in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $84,310, which is slightly higher than the national average of $83,140.
What is the total number of Cost Estimators in the Philadelphia-Camden-Wilmington area?
There are approximately 4,100 Cost Estimators working in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area.
How does the cost of living in Philadelphia affect the salary for Cost Estimators?
The cost of living in Philadelphia is at the national average (index of 100), meaning the $84,310 salary offers purchasing power equivalent to the national average.
Is the job market for Cost Estimators concentrated in Philadelphia?
The Location Quotient of 1.0 indicates that the concentration of Cost Estimators in Philadelphia is at the national average, suggesting a balanced rather than exceptionally concentrated market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,100 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 1.431 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD