Average Cost Estimators Salary in Southeast Missouri nonmetropolitan area
Cost Estimators in the Southeast Missouri nonmetropolitan area earn an average annual salary of $64,640. This figure is notably below the national average of $83,140, reflecting regional economic factors and the specific demand dynamics within this locale. The compensation reflects a balance between local market conditions and the cost of living.
Executive Summary
- Average Salary: $64,640 per year.
- Growth Trend: Salaries have shifted 2.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,980.
- Outlook: The job market for Cost Estimators in Southeast Missouri is moderately concentrated, with a total local workforce of 280 professionals. The Location Quotient of 1.18 suggests a slightly higher prevalence of these roles compared to the national average, indicating a stable, albeit not booming, demand within the region. The presence of 1.686 jobs per 1,000 workers underscores a consistent need for these specialized skills.
Salary Overview
The average Cost Estimators in Southeast Missouri nonmetropolitan area earns-22.3%below the national average.
$31.1
$1,243
$5,387
Cost Estimators Salary Trends (2020-2024)
While specific historical data for this precise region is not provided, it is reasonable to assume that salaries for Cost Estimators in Southeast Missouri have experienced gradual growth over the past four years, mirroring national trends. Economic development and increased construction or manufacturing activity in nonmetropolitan areas often lead to incremental salary increases for skilled professionals.
Cost Estimators Salary Distribution in Southeast Missouri nonmetropolitan area
Salary progression for Cost Estimators is typically tied to experience and demonstrated expertise. Entry-level positions might start closer to the lower end of the pay scale, while senior estimators with extensive project experience and a proven track record can command significantly higher salaries, potentially reaching well into the six figures. The percentile gaps in salary data clearly signify these career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,330 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $48,480 | $23.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,910 | $29.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $80,800 | $38.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $95,980 | $46.1 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$64,640
Gross Pay
Real Wage (Purchasing Power)
$64,640
Adjusted for COL (100)
The nominal average salary of $64,640 in Southeast Missouri aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cost Estimator's salary in this region is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher cost-of-living areas.
Job Market Context
280
Total Jobs
1.686
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Southeast Missouri nonmetropolitan area has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.18, the Southeast Missouri nonmetropolitan area exhibits a slightly higher concentration of Cost Estimator jobs than the national average. This indicates a modestly competitive market where demand is present and potentially growing, but not saturated. Professionals in this field may find a good balance between job availability and the number of competing candidates.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Jefferson City, MO Cost Estimators Salary | $70,410↑ 9% | 10 mi |
| Columbia, MO Cost Estimators Salary | $72,600↑ 12% | 34 mi |
Comparing salaries near Southeast Missouri nonmetropolitan area
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Southeast Missouri nonmetropolitan area?
The median annual salary for a Cost Estimators in Southeast Missouri nonmetropolitan area is $64,640. This typically ranges from $37,330 for entry-level positions to $95,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Missouri nonmetropolitan area is 22.3% lower than the national median of $83,140.
Is Southeast Missouri nonmetropolitan area a lucrative place for Cost Estimators?
No, not in terms of nominal salary compared to the national average.While the nominal salary of $64,640 is below the national average of $83,140, the equivalent cost of living means purchasing power is on par. The market shows a slightly higher concentration of jobs than the national average.
Is Southeast Missouri nonmetropolitan area a good place to live for Cost Estimators?
The Cost of Living Index in Southeast Missouri nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Missouri nonmetropolitan area?
Some top paying nearby cities include Jefferson City, MO ($70,410) and Columbia, MO.
How does the Cost of Living in Southeast Missouri compare nationally?
The Cost of Living Index in Southeast Missouri is 100, which is exactly the national average. This means that the general expenses for goods, services, and housing are comparable to the national benchmark.
What is the significance of the Location Quotient (LQ) for Cost Estimators in this region?
An LQ of 1.18 indicates that Cost Estimators are 18% more concentrated in Southeast Missouri nonmetropolitan areas than in the U.S. overall. This suggests a slightly higher demand or a more specialized industry presence for this role in the region.
How many Cost Estimator jobs are there per 1,000 workers in Southeast Missouri?
There are approximately 1.686 Cost Estimator jobs per 1,000 workers in the Southeast Missouri nonmetropolitan area. This metric provides context for the job availability relative to the overall workforce size.
What is the total number of Cost Estimators employed in Southeast Missouri?
The total local workforce for Cost Estimators in the Southeast Missouri nonmetropolitan area is approximately 280 individuals. This provides a clear picture of the market size for this profession in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Southeast Missouri nonmetropolitan area area with a job density of 1.686 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 Southeast Missouri nonmetropolitan area