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Average Cost Estimators Salary in South Dakota

Cost Estimators in South Dakota earn an average annual salary of $74,760. This figure is notably lower than the national average of $83,140. Local economic factors, including industry demand and the overall cost of doing business within the state, contribute to this regional salary variation.

Executive Summary

  • Average Salary: $74,760 per year.
  • Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $103,250.
  • Outlook: With a local workforce of 940 Cost Estimators, South Dakota demonstrates a significant concentration of these professionals, as indicated by a Location Quotient of 1.46. This suggests a robust demand and a specialized market for cost estimation services within the state, implying a stable job outlook for skilled individuals in this field.
2024 Market Data

Salary Overview

$74,760

The average Cost Estimators in South Dakota earns-10.1%below the national average.

BreakdownBased on 40h/week
Hourly

$35.9

Weekly

$1,438

Monthly

$6,230

Cost Estimators Salary Distribution in South Dakota

Salary progression for Cost Estimators in South Dakota typically correlates with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized expertise can command salaries in the higher percentiles. These percentile gaps clearly signify the career advancement and increased earning potential available through dedicated experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$54,340$26.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$56,070$27
ManagerOversees team, compliance, and project delivery.50% (Median)$72,670$34.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$93,450$44.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$103,250$49.6

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$74,760

Gross Pay

Real Wage (Purchasing Power)

$81,438

Adjusted for COL (91.8)

The average annual salary of $74,760 in South Dakota presents a favorable financial situation when considered against the state's Cost of Living Index of 91.8. This index, being below the national average of 100, indicates that the purchasing power of a Cost Estimator's salary is likely higher locally, allowing for a comfortable standard of living despite the nominal salary being below the national average.

Job Market Context

940

Total Jobs

2.081

Per 1K Jobs

1.46

Location Quotient

Above Average

With a location quotient of 1.46, South Dakota has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

A Location Quotient of 1.46 for Cost Estimators in South Dakota signifies a market that is 46% more concentrated than the national average. This indicates a strong presence and potentially higher demand for these specialized roles within the state, suggesting that the job market is relatively abundant and competitive for skilled professionals in this sector.

Nearby Job Markets

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in South Dakota?

The median annual salary for a Cost Estimators in South Dakota is $74,760. This typically ranges from $54,340 for entry-level positions to $103,250 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Dakota is 10.1% lower than the national median of $83,140.

Is South Dakota a lucrative place for Cost Estimators?

Yes, considering the cost of living.While the average salary of $74,760 is below the national average, South Dakota's lower cost of living (91.8 index) means your earnings may stretch further. The strong concentration of professionals (LQ 1.46) also suggests a healthy local demand.

Is South Dakota a good place to live for Cost Estimators?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

What is the average salary for a Cost Estimator in South Dakota?

The average annual salary for a Cost Estimator in South Dakota is $74,760.

How does South Dakota's Cost Estimator salary compare to the national average?

The average salary in South Dakota ($74,760) is lower than the national average of $83,140.

What does the Location Quotient of 1.46 mean for Cost Estimators in South Dakota?

A Location Quotient of 1.46 indicates that Cost Estimators are 46% more concentrated in South Dakota than the national average, suggesting a strong local presence and demand for the profession.

How does the cost of living in South Dakota affect the salary?

With a Cost of Living Index of 91.8, South Dakota is more affordable than the national average. This means the $74,760 salary may offer a higher effective purchasing power locally.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 940 employees in the South Dakota area with a job density of 2.081 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in South Dakota