Average Cost Estimators Salary in Springfield, MA
Cost Estimators in Springfield, MA, command an impressive average annual salary of $96,240, significantly exceeding the national average of $83,140. This elevated compensation is often driven by the specific industry demands and the concentration of relevant businesses within the Springfield metropolitan area, creating a localized premium for these essential roles.
Executive Summary
- Average Salary: $96,240 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,600.
- Outlook: With a total local workforce of 290 Cost Estimators and a Location Quotient of 1.04, Springfield, MA, demonstrates a healthy and slightly above-average concentration of these professionals. This suggests a stable demand for skilled cost estimators, indicating a robust job market that can support both current professionals and those looking to enter the field.
Salary Overview
The average Cost Estimators in Springfield, MA earns+15.8%above the national average.
$46.3
$1,851
$8,020
Cost Estimators Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Cost Estimators in Springfield, MA, have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing project complexity, and a steady demand for accurate cost projections likely contribute to this upward salary trajectory.
Cost Estimators Salary Distribution in Springfield, MA
The career path for Cost Estimators typically involves significant salary progression based on experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command salaries well above the average. The percentile gaps in salary data clearly signify these 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) | $50,750 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,180 | $34.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,790 | $45.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,300 | $57.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $159,600 | $76.7 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$96,240
Gross Pay
Real Wage (Purchasing Power)
$96,240
Adjusted for COL (100)
A nominal salary of $96,240 in Springfield, MA, is particularly attractive given the local Cost of Living Index stands precisely at the national average of 100. This means that the purchasing power of a Cost Estimator's salary in Springfield is equivalent to the national average, allowing for a comfortable standard of living without the added financial strain of a higher cost of living.
Job Market Context
290
Total Jobs
1.477
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Springfield, MA has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
The Location Quotient of 1.04 for Cost Estimators in Springfield, MA, indicates a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even slightly stronger locally, the market is not oversaturated, offering a competitive yet accessible environment for skilled professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Cost Estimators Salary | $93,690↓ 3% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Cost Estimators Salary | $86,730↓ 10% | 25 mi |
| Connecticut nonmetropolitan area Cost Estimators Salary | $83,960↓ 13% | 37 mi |
| Worcester, MA Cost Estimators Salary | $101,660↑ 6% | 39 mi |
| Pittsfield, MA Cost Estimators Salary | $99,780↑ 4% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Springfield, MA?
The median annual salary for a Cost Estimators in Springfield, MA is $96,240. This typically ranges from $50,750 for entry-level positions to $159,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 15.8% higher than the national median of $83,140.
Is Springfield, MA a lucrative place for Cost Estimators?
Yes, Springfield, MA offers a lucrative environment for Cost Estimators.The average salary of $96,240 significantly surpasses the national average, and the cost of living is on par with the national index, enhancing purchasing power.
Is Springfield, MA a good place to live for Cost Estimators?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($93,690) and Hartford-West Hartford-East Hartford, CT.
How does the Springfield, MA Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Springfield, MA is $96,240, which is notably higher than the national average of $83,140.
What is the concentration of Cost Estimators in Springfield, MA?
Springfield, MA has a Location Quotient of 1.04 for Cost Estimators, indicating a slightly higher concentration of these professionals compared to the national average.
Does the cost of living affect the value of a Cost Estimator's salary in Springfield, MA?
No, the cost of living in Springfield, MA is at the national average (100), meaning the $96,240 salary offers purchasing power equivalent to the national average.
How many Cost Estimators are employed in Springfield, MA?
There are approximately 290 Cost Estimators employed in the Springfield, MA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Springfield, MA area with a job density of 1.477 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 Springfield, MA