Average Cost Estimators Salary in St. Louis, MO-IL
In St. Louis, MO-IL, Cost Estimators earn an average annual salary of $79,970. This figure is slightly below the national average of $83,140, a common occurrence in metropolitan areas with a strong presence of specialized roles. The local economic landscape and industry demand in the St. Louis region play a significant role in shaping compensation for these vital professionals.
Executive Summary
- Average Salary: $79,970 per year.
- Growth Trend: Salaries have shifted 10.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,580.
- Outlook: The St. Louis, MO-IL market for Cost Estimators is robust, evidenced by a substantial local workforce of 3,300 professionals. With a Location Quotient of 1.73, the concentration of Cost Estimators in St. Louis significantly exceeds the national average, indicating a strong and established demand for their expertise within the region.
Salary Overview
The average Cost Estimators in St. Louis, MO-IL earns-3.8%below the national average.
$38.5
$1,538
$6,664
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Cost Estimator salaries in St. Louis have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for construction and infrastructure projects, and the evolving complexity of estimation software likely contribute to upward salary adjustments.
Cost Estimators Salary Distribution in St. Louis, MO-IL
Career progression for Cost Estimators in St. Louis is clearly reflected in salary potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized knowledge can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior salaries signifies substantial opportunities for career advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,430 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,978 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,540 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,963 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,580 | $59.4 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$79,970
Gross Pay
Real Wage (Purchasing Power)
$79,970
Adjusted for COL (100)
The nominal average salary of $79,970 in St. Louis, MO-IL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Cost Estimator's salary in St. Louis is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
3,300
Total Jobs
2.461
Per 1K Jobs
1.73
Location Quotient
St. Louis, MO-IL has 1.7x 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.
A Location Quotient of 1.73 for Cost Estimators in St. Louis signifies a market that is considerably more concentrated than the national average. This suggests a strong, established industry presence and a higher demand for these professionals relative to the general workforce, making St. Louis a key hub for this occupation.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Springfield, IL Cost Estimators Salary | $75,120↓ 6% | 84 mi |
| Cape Girardeau, MO-IL Cost Estimators Salary | $78,390↓ 2% | 97 mi |
Comparing salaries near St. Louis, MO-IL
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in St. Louis, MO-IL?
The median annual salary for a Cost Estimators in St. Louis, MO-IL is $79,970. This typically ranges from $43,430 for entry-level positions to $123,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Louis, MO-IL is 3.8% lower than the national median of $83,140.
Is St. Louis, MO-IL a lucrative place for Cost Estimators?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the Cost of Living Index matching the national average ensures strong purchasing power. The high concentration of professionals also indicates a robust job market.
Is St. Louis, MO-IL a good place to live for Cost Estimators?
The Cost of Living Index in St. Louis, MO-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Louis, MO-IL?
Some top paying nearby cities include Springfield, IL ($75,120) and Cape Girardeau, MO-IL.
How does the St. Louis Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in St. Louis, MO-IL is $79,970, which is slightly lower than the national average of $83,140.
What is the concentration of Cost Estimators in St. Louis?
St. Louis has a Location Quotient of 1.73 for Cost Estimators, meaning the occupation is 73% more concentrated than the national average, indicating a strong local presence.
How does the cost of living in St. Louis affect a Cost Estimator's salary?
The Cost of Living Index in St. Louis is 100, which is the national average. This means the $79,970 salary has the same purchasing power as the national average salary.
What does the total local workforce size suggest about the Cost Estimator job market in St. Louis?
With a total local workforce of 3,300 Cost Estimators, St. Louis demonstrates a significant and established presence of these professionals, suggesting a stable and active job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,300 employees in the St. Louis, MO-IL area with a job density of 2.461 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 St. Louis, MO-IL