Average Cost Estimators Salary in Tennessee
Cost Estimators in Tennessee earn an average annual salary of $78,460, which is slightly below the national average of $83,140. This difference is often influenced by the state's overall economic landscape and the specific demand within its construction and manufacturing sectors. While the nominal pay may be lower, the cost of living in Tennessee plays a significant role in the actual purchasing power of these salaries.
Executive Summary
- Average Salary: $78,460 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,550.
- Outlook: With a local workforce of 3,830 Cost Estimators, Tennessee presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.82 indicates that the concentration of Cost Estimators in Tennessee is slightly below the national average, suggesting a moderate level of demand relative to the national landscape. The presence of nearly 4,000 professionals in this field points to a consistent need for their expertise across various industries within the state.
Salary Overview
The average Cost Estimators in Tennessee earns-5.6%below the national average.
$37.7
$1,509
$6,538
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Tennessee's Cost Estimator salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing complexity in project management typically drive salary increases for skilled professionals. Therefore, Cost Estimators in Tennessee have likely experienced incremental salary growth, reflecting both market demand and the evolving economic conditions within the state.
Cost Estimators Salary Distribution in Tennessee
The salary trajectory for Cost Estimators in Tennessee typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries in the upper percentiles. This progression from junior to senior roles is a hallmark of the profession, with each advancement typically bringing a substantial increase in earning potential and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,540 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,845 | $28.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,570 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,075 | $47.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,550 | $55.1 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$78,460
Gross Pay
Real Wage (Purchasing Power)
$86,792
Adjusted for COL (90.4)
The average annual salary of $78,460 for Cost Estimators in Tennessee is particularly attractive when juxtaposed with the state's Cost of Living Index of 90.4. This index, being below the national average of 100, means that the nominal earnings in Tennessee translate to a higher effective purchasing power. Residents can expect their income to stretch further for housing, goods, and services compared to more expensive regions, making the effective financial benefit of working in Tennessee quite favorable.
Job Market Context
3,830
Total Jobs
1.169
Per 1K Jobs
0.82
Location Quotient
Tennessee has 0.82x the national average concentration of Cost Estimators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.82 for Cost Estimators in Tennessee suggests that the state has a slightly lower concentration of these professionals compared to the national average. This indicates that while the profession is present and necessary, the market may not be oversaturated. For job seekers, this could mean a balanced competitive environment, while for employers, it might require proactive recruitment to secure specialized talent.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Cost Estimators Salary | $83,320↑ 6% | 29 mi |
| Clarksville, TN-KY Cost Estimators Salary | $69,080↓ 12% | 67 mi |
| Huntsville, AL Cost Estimators Salary | $84,460↑ 8% | 73 mi |
| Decatur, AL Cost Estimators Salary | $75,480↓ 4% | 83 mi |
| Florence-Muscle Shoals, AL Cost Estimators Salary | $67,470↓ 14% | 84 mi |
Comparing salaries near Tennessee
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Frequently Asked Questions
How much does a Cost Estimators make in Tennessee?
The median annual salary for a Cost Estimators in Tennessee is $78,460. This typically ranges from $46,540 for entry-level positions to $114,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tennessee is 5.6% lower than the national median of $83,140.
Is Tennessee a lucrative place for Cost Estimators?
Yes, with a favorable cost of living.While the average salary is slightly below the national average, Tennessee's lower cost of living index significantly enhances the purchasing power of Cost Estimators' earnings.
Is Tennessee a good place to live for Cost Estimators?
With a Cost of Living Index of 90.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Tennessee?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($83,320) and Clarksville, TN-KY.
What is the average salary for a Cost Estimator in Tennessee?
The average annual salary for a Cost Estimator in Tennessee is $78,460.
How does Tennessee's cost of living compare to the national average?
Tennessee's cost of living index is 90.4, which is below the national average of 100, indicating a more affordable living environment.
Is the job market for Cost Estimators strong in Tennessee?
The job market is stable with a local workforce of 3,830 and a Location Quotient of 0.82, suggesting moderate demand relative to the national average.
How does experience affect a Cost Estimator's salary in Tennessee?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting career progression and increased responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,830 employees in the Tennessee area with a job density of 1.169 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 Tennessee