Average Cost Estimators Salary in Raleigh-Cary, NC
Cost Estimators in Raleigh-Cary, NC, earn an average annual salary of $81,240, which is slightly below the national average of $83,140. This localized compensation reflects the specific economic dynamics and demand within the Research Triangle region, influencing pay rates for specialized roles.
Executive Summary
- Average Salary: $81,240 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,160.
- Outlook: The Raleigh-Cary area supports a robust job market for Cost Estimators, with a total local workforce of 1,350 professionals. The Location Quotient of 1.31 indicates a higher concentration of these roles compared to the national average, suggesting consistent demand and a stable employment landscape for skilled estimators.
Salary Overview
The average Cost Estimators in Raleigh-Cary, NC earns-2.3%below the national average.
$39.1
$1,562
$6,770
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 steady growth over the past four years, mirroring broader trends in construction and project management. This sustained interest likely translates to competitive salary increases within the Raleigh-Cary market.
Cost Estimators Salary Distribution in Raleigh-Cary, NC
Salary progression for Cost Estimators in Raleigh-Cary typically scales significantly with experience. Entry-level positions may start at a lower percentile, while senior estimators with extensive project portfolios and specialized knowledge can command salaries well above the average, reflecting the value of their expertise and decision-making capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,840 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,930 | $29.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,550 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,550 | $48.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,160 | $65.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$81,240
Gross Pay
Real Wage (Purchasing Power)
$81,240
Adjusted for COL (100)
With an average annual salary of $81,240 and a Cost of Living Index of 100, Cost Estimators in Raleigh-Cary, NC, find their nominal earnings align precisely with the national average cost of living. This means their purchasing power is comparable to that of their counterparts in other major metropolitan areas across the United States.
Job Market Context
1,350
Total Jobs
1.865
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Raleigh-Cary, NC has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.31 for Cost Estimators in Raleigh-Cary signifies a market where these professionals are more concentrated than the national average. This suggests a healthy demand for their specialized skills, potentially leading to more job opportunities and a competitive environment for employers seeking talent.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Cost Estimators Salary | $79,210↓ 2% | 18 mi |
| Rocky Mount, NC Cost Estimators Salary | $81,760↑ 1% | 48 mi |
| Goldsboro, NC Cost Estimators Salary | $73,720↓ 9% | 49 mi |
| Burlington, NC Cost Estimators Salary | $66,280↓ 18% | 49 mi |
| Fayetteville, NC Cost Estimators Salary | $68,460↓ 16% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Raleigh-Cary, NC?
The median annual salary for a Cost Estimators in Raleigh-Cary, NC is $81,240. This typically ranges from $38,840 for entry-level positions to $136,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 2.3% lower than the national median of $83,140.
Is Raleigh-Cary, NC a lucrative place for Cost Estimators?
Yes, with a caveat.While the average salary is slightly below the national average, the cost of living is also at the national average, maintaining comparable purchasing power. The strong concentration of Cost Estimators indicates a robust local market.
Is Raleigh-Cary, NC a good place to live for Cost Estimators?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($79,210) and Rocky Mount, NC.
How does experience affect a Cost Estimator's salary in Raleigh-Cary?
Experience is a primary driver of salary increases for Cost Estimators. Junior roles will earn less, while senior estimators with proven track records and advanced skills can expect significantly higher compensation.
What is the significance of the Location Quotient (LQ) of 1.31?
An LQ of 1.31 means that Raleigh-Cary has 31% more Cost Estimators per worker than the national average. This indicates a higher demand and concentration of this profession in the area.
How does Raleigh-Cary's cost of living compare nationally?
Raleigh-Cary's Cost of Living Index is 100, which is exactly the national average. This means the general expenses for housing, utilities, and daily living are on par with the rest of the country.
Are there many job opportunities for Cost Estimators in Raleigh-Cary?
With a workforce of 1,350 and an LQ above 1.0, the job market in Raleigh-Cary appears to be active and offers a good number of opportunities for skilled Cost Estimators.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,350 employees in the Raleigh-Cary, NC area with a job density of 1.865 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 Raleigh-Cary, NC