Average Cost Estimators Salary in Springfield, MO
Cost Estimators in Springfield, MO, earn an average annual salary of $67,290. This figure is notably below the national average of $83,140, indicating localized market dynamics and potentially different demand levels. The specific economic conditions and industry concentration within Springfield likely influence this pay scale.
Executive Summary
- Average Salary: $67,290 per year.
- Growth Trend: Salaries have shifted 10.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,490.
- Outlook: Springfield, MO, supports a local workforce of 580 Cost Estimators, with 2.593 jobs per 1,000 workers. The Location Quotient of 1.82 suggests a concentration of these roles significantly above the national average, pointing to a robust and potentially growing demand for skilled estimators within the region.
Salary Overview
The average Cost Estimators in Springfield, MO earns-19.1%below the national average.
$32.4
$1,294
$5,608
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Springfield, MO, have experienced growth over the past four years, mirroring general economic trends and inflation. Increased demand, driven by regional development and infrastructure projects, would likely contribute to upward salary adjustments.
Cost Estimators Salary Distribution in Springfield, MO
Salary progression for Cost Estimators in Springfield, MO, typically scales with experience. Entry-level positions might start closer to the lower end of the pay spectrum, while senior estimators with extensive project experience and specialized knowledge can command significantly higher salaries, reflecting the increasing value and responsibility associated with advanced roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,990 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,468 | $24.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,180 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,113 | $40.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,490 | $48.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$67,290
Gross Pay
Real Wage (Purchasing Power)
$67,290
Adjusted for COL (100)
With an average annual salary of $67,290 and a Cost of Living Index of 100 (on par with the national average), the nominal income in Springfield, MO, offers purchasing power equivalent to the national standard. This means that while the salary is lower than the national average, the cost of living does not further diminish its real value.
Job Market Context
580
Total Jobs
2.593
Per 1K Jobs
1.82
Location Quotient
Springfield, MO 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 1.82 for Cost Estimators in Springfield, MO, signifies a market that is 82% more concentrated than the national average. This indicates a strong presence and potentially higher demand for these professionals within the local economy, suggesting a competitive environment for employers seeking talent.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Cost Estimators Salary | $73,940↑ 10% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Cost Estimators Salary | $76,970↑ 14% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Springfield, MO?
The median annual salary for a Cost Estimators in Springfield, MO is $67,290. This typically ranges from $38,990 for entry-level positions to $100,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 19.1% lower than the national median of $83,140.
Is Springfield, MO a lucrative place for Cost Estimatorss?
No, but the market is concentrated.While the average salary of $67,290 is below the national average, the high Location Quotient of 1.82 suggests strong local demand and a concentrated job market for Cost Estimators.
Is Springfield, MO a good place to live for Cost Estimators?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($73,940) and Fayetteville-Springdale-Rogers, AR.
How does Springfield's Cost of Living compare nationally?
Springfield, MO, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What does a Location Quotient of 1.82 mean for Cost Estimators?
A Location Quotient of 1.82 indicates that Cost Estimators are significantly more concentrated in Springfield, MO, than in the nation as a whole. This suggests a higher prevalence and potentially greater demand for this profession locally.
How many Cost Estimators are there in Springfield, MO?
There are approximately 580 Cost Estimators working in Springfield, MO, representing 2.593 jobs per 1,000 workers in the local labor force.
Is the job market for Cost Estimators growing in Springfield, MO?
The strong Location Quotient suggests a robust market, and while specific growth trends require further data, the concentration of roles implies ongoing demand and potential for expansion within 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 580 employees in the Springfield, MO area with a job density of 2.593 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Cost Estimators Salaries by State
Top Jobs in Springfield, MO
- All Occupations Salary in Springfield, MO
- Office and Administrative Support Occupations Salary in Springfield, MO
- Transportation and Material Moving Occupations Salary in Springfield, MO
- Food Preparation and Serving Related Occupations Salary in Springfield, MO
- Sales and Related Occupations Salary in Springfield, MO
- Healthcare Practitioners and Technical Occupations Salary in Springfield, MO
- Management Occupations Salary in Springfield, MO
- Production Occupations Salary in Springfield, MO
- Educational Instruction and Library Occupations Salary in Springfield, MO
- Healthcare Support Occupations Salary in Springfield, MO
- Browse All Jobs in Springfield, MO →
Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Springfield, MO