Average Cost Estimators Salary in Roanoke, VA
Cost Estimators in Roanoke, VA, earn an average annual salary of $70,480. This figure is notably below the national average of $83,140, suggesting that local market dynamics and potentially a different industry focus in Roanoke influence compensation levels for this role. While the salary is lower than the national benchmark, understanding the local economic landscape is crucial for interpreting this figure.
Executive Summary
- Average Salary: $70,480 per year.
- Growth Trend: Salaries have shifted 0.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,120.
- Outlook: Roanoke, VA, supports a modest workforce of 250 Cost Estimators. With a Location Quotient of 1.15, the concentration of these professionals in Roanoke is slightly higher than the national average, indicating a stable, albeit not booming, demand for their specialized skills within the region. The presence of 1.637 jobs per 1,000 workers further reinforces the notion of a consistent, localized need for cost estimation expertise.
Salary Overview
The average Cost Estimators in Roanoke, VA earns-15.2%below the national average.
$33.9
$1,355
$5,873
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Roanoke's Cost Estimator salaries over the past four years is not provided, it is generally assumed that this profession, like many others, has experienced gradual salary growth. Economic factors, inflation, and evolving industry demands typically contribute to an upward trend in compensation, suggesting that current salaries may be higher than those recorded several years ago.
Cost Estimators Salary Distribution in Roanoke, VA
Salary progression for Cost Estimators in Roanoke, VA, typically correlates with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with extensive project experience and a proven track record can expect significantly higher compensation. The percentile gaps in salary distribution reflect these career advancements, with senior estimators occupying the higher earning brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,040 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,860 | $25.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,420 | $32.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,100 | $42.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,120 | $48.1 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$70,480
Gross Pay
Real Wage (Purchasing Power)
$70,480
Adjusted for COL (100)
The average annual salary of $70,480 for Cost Estimators in Roanoke, VA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making Roanoke an economically neutral location in terms of cost of living relative to income for this profession.
Job Market Context
250
Total Jobs
1.637
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Roanoke, VA has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.15 signifies that Cost Estimators are 15% more concentrated in Roanoke, VA, than the national average. This suggests a slightly more robust local market for this profession compared to the rest of the country, implying that while the absolute number of jobs might be smaller, the relative presence and demand for Cost Estimators are healthy within the Roanoke area.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Cost Estimators Salary | $66,380↓ 6% | 26 mi |
| Lynchburg, VA Cost Estimators Salary | $70,000↓ 1% | 43 mi |
| Beckley, WV Cost Estimators Salary | $64,230↓ 9% | 76 mi |
| Staunton-Stuarts Draft, VA Cost Estimators Salary | $62,580↓ 11% | 78 mi |
| Greensboro-High Point, NC Cost Estimators Salary | $72,370↑ 3% | 82 mi |
Comparing salaries near Roanoke, VA
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Roanoke, VA?
The median annual salary for a Cost Estimators in Roanoke, VA is $70,480. This typically ranges from $46,040 for entry-level positions to $100,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 15.2% lower than the national median of $83,140.
Is Roanoke, VA a lucrative place for Cost Estimators?
No, not compared to the national average.While Roanoke, VA, has a slightly higher concentration of Cost Estimators than the national average, the average salary of $70,480 falls significantly short of the national benchmark of $83,140.
Is Roanoke, VA a good place to live for Cost Estimators?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($66,380) and Lynchburg, VA.
How does Roanoke's cost of living affect a Cost Estimator's salary?
Roanoke's Cost of Living Index is exactly at the national average (100), meaning the $70,480 salary provides purchasing power equivalent to the national average, despite being lower than the national salary benchmark.
What is the job market like for Cost Estimators in Roanoke, VA?
The market is stable with a slightly higher concentration of Cost Estimators (LQ of 1.15) than the national average, indicating consistent local demand for their expertise within a workforce of 250 professionals.
How much does experience impact a Cost Estimator's salary in Roanoke?
Experience is a key driver of salary. Entry-level estimators will earn less, while senior estimators with substantial project experience can command higher salaries, reflecting career progression.
Is the number of Cost Estimator jobs growing in Roanoke?
While specific growth rates aren't provided, the stable concentration and jobs per 1,000 workers suggest a consistent, rather than rapidly expanding, job market for Cost Estimators in Roanoke.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Roanoke, VA area with a job density of 1.637 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 Roanoke, VA