Average Cost Estimators Salary in Sioux Falls, SD-MN
Cost Estimators in Sioux Falls, SD-MN earn an average annual salary of $75,230, which is below the national average of $83,140. This regional disparity in compensation is often influenced by local economic factors, industry demand specific to the area, and the overall cost of doing business within Sioux Falls.
Executive Summary
- Average Salary: $75,230 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,110.
- Outlook: The Sioux Falls, SD-MN market for Cost Estimators shows a robust presence, indicated by a total local workforce of 450 professionals. The Location Quotient of 1.79 suggests a significantly higher concentration of these roles compared to the national average, pointing towards a strong and potentially growing demand within the region.
Salary Overview
The average Cost Estimators in Sioux Falls, SD-MN earns-9.5%below the national average.
$36.2
$1,447
$6,269
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Cost Estimator salaries in Sioux Falls have experienced a steady upward trend over the past four years, mirroring national patterns of wage growth driven by inflation, increased demand for skilled professionals, and evolving industry needs.
Cost Estimators Salary Distribution in Sioux Falls, SD-MN
Salary progression for Cost Estimators in Sioux Falls typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior estimators with extensive project experience and specialized knowledge can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,030 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,423 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,620 | $34 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,038 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,110 | $50.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$75,230
Gross Pay
Real Wage (Purchasing Power)
$75,230
Adjusted for COL (100)
With an average annual salary of $75,230 and a Cost of Living Index of 100 (matching the national average), Cost Estimators in Sioux Falls experience a salary that directly aligns with the national cost of living. This means that the purchasing power of their income in Sioux Falls is comparable to that of someone earning the national average salary in a typical U.S. city.
Job Market Context
450
Total Jobs
2.555
Per 1K Jobs
1.79
Location Quotient
Sioux Falls, SD-MN has 1.8x the national concentration of Cost Estimators jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.79 for Cost Estimators in Sioux Falls signifies a market where these professionals are more concentrated than the national average. This suggests a competitive environment with potentially more job opportunities relative to the size of the workforce, indicating a healthy demand for their specialized skills within the local economy.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Cost Estimators Salary | $75,150↓ 0% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Sioux Falls, SD-MN?
The median annual salary for a Cost Estimators in Sioux Falls, SD-MN is $75,230. This typically ranges from $55,030 for entry-level positions to $105,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux Falls, SD-MN is 9.5% lower than the national median of $83,140.
Is Sioux Falls, SD-MN a lucrative place for Cost Estimatorss?
No, not significantly more lucrative than the national average.While the average salary of $75,230 is substantial, it falls short of the national average of $83,140. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Sioux Falls, SD-MN a good place to live for Cost Estimators?
The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux Falls, SD-MN?
Some top paying nearby cities include Sioux City, IA-NE-SD ($75,150) and others.
What is the average salary for a Cost Estimator in Sioux Falls, SD-MN?
The average annual salary for a Cost Estimator in Sioux Falls, SD-MN is $75,230.
How does the Sioux Falls Cost Estimator salary compare to the national average?
The average salary in Sioux Falls ($75,230) is lower than the national average ($83,140).
What does a Location Quotient of 1.79 mean for Cost Estimators in Sioux Falls?
A Location Quotient of 1.79 indicates that Cost Estimators are more concentrated in Sioux Falls than the national average, suggesting a higher relative demand or a more established industry presence for this role in the area.
How does the cost of living in Sioux Falls affect the salary?
The cost of living in Sioux Falls is at the national average (100), meaning the $75,230 salary has a purchasing power equivalent to the national average salary in a typical U.S. city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Sioux Falls, SD-MN area with a job density of 2.555 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 Sioux Falls, SD-MN