Average Cost Estimators Salary in Salt Lake City-Murray, UT
Cost Estimators in the Salt Lake City-Murray, UT area earn an average annual salary of $85,030, slightly surpassing the national average of $83,140. This competitive compensation reflects the specialized skills required for accurate cost analysis and the specific economic drivers within the Salt Lake City metropolitan region. The demand for meticulous cost estimation is a key factor influencing these favorable salary figures.
Executive Summary
- Average Salary: $85,030 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,280.
- Outlook: With a local workforce of 1,240 Cost Estimators and a Location Quotient of 1.06, the job market in Salt Lake City-Murray demonstrates a healthy concentration of these professionals, indicating steady demand. The figure of 1.512 jobs per 1,000 workers suggests a robust employment landscape for those in this field, pointing towards a stable and potentially growing job market.
Salary Overview
The average Cost Estimators in Salt Lake City-Murray, UT earns+2.3%above the national average.
$40.9
$1,635
$7,086
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Salt Lake City-Murray have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for construction and project management services, and evolving industry standards likely contribute to an upward trajectory in compensation for this role.
Cost Estimators Salary Distribution in Salt Lake City-Murray, UT
The career path for Cost Estimators typically involves significant salary progression based on experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies substantial opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,940 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,773 | $30.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,170 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,288 | $51.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,280 | $60.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$85,030
Gross Pay
Real Wage (Purchasing Power)
$85,030
Adjusted for COL (100)
The average annual salary of $85,030 in Salt Lake City-Murray aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Cost Estimator's salary in this area is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
1,240
Total Jobs
1.512
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.06 indicates that Cost Estimators are slightly more concentrated in Salt Lake City-Murray than the national average. This suggests a competitive yet stable job market, where employers actively seek skilled professionals. While not an oversaturated market, the presence of a slightly higher concentration implies a good number of opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Cost Estimators Salary | $84,560↓ 1% | 31 mi |
| Provo-Orem-Lehi, UT Cost Estimators Salary | $82,130↓ 3% | 40 mi |
| High Desert Utah nonmetropolitan area Cost Estimators Salary | $92,520↑ 9% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Cost Estimators Salary | $84,090↓ 1% | 44 mi |
| Logan, UT-ID Cost Estimators Salary | $66,640↓ 22% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Salt Lake City-Murray, UT?
The median annual salary for a Cost Estimators in Salt Lake City-Murray, UT is $85,030. This typically ranges from $50,940 for entry-level positions to $125,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salt Lake City-Murray, UT is 2.3% higher than the national median of $83,140.
Is Salt Lake City-Murray, UT a lucrative place for Cost Estimators?
Yes, Salt Lake City-Murray, UT offers competitive compensation for Cost Estimators.The average salary of $85,030 is higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Salt Lake City-Murray, UT a good place to live for Cost Estimators?
The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salt Lake City-Murray, UT?
Some top paying nearby cities include Ogden, UT ($84,560) and Provo-Orem-Lehi, UT.
How does the Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Salt Lake City-Murray, UT is $85,030, which is slightly above the national average of $83,140.
What is the concentration of Cost Estimators in Salt Lake City-Murray, UT?
The Location Quotient for Cost Estimators in this area is 1.06, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living affect the salary in Salt Lake City-Murray, UT?
The Cost of Living Index is 100, matching the national average. This means the $85,030 salary offers purchasing power equivalent to the national average.
What does the job market look like for Cost Estimators in this region?
With 1,240 Cost Estimators and 1.512 jobs per 1,000 workers, the market shows a healthy demand and a stable employment landscape for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,240 employees in the Salt Lake City-Murray, UT area with a job density of 1.512 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 Salt Lake City-Murray, UT