Average Cost Estimators Salary in Toledo, OH
Cost Estimators in Toledo, OH, earn an average annual salary of $79,660, which is slightly below the national average of $83,140. This localized figure reflects the specific economic conditions and demand within the Toledo metropolitan area. While the nominal salary is lower than the national benchmark, it's crucial to consider the local cost of living when evaluating earning potential.
Executive Summary
- Average Salary: $79,660 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,110.
- Outlook: The Toledo, OH job market for Cost Estimators appears stable, with a local workforce of 460 professionals. The Location Quotient of 1.11 suggests a slightly higher concentration of these roles compared to the national average, indicating a steady, if not rapidly expanding, demand within the region. With 1.579 jobs per 1,000 workers, the presence of Cost Estimators is notable within Toledo's employment landscape.
Salary Overview
The average Cost Estimators in Toledo, OH earns-4.2%below the national average.
$38.3
$1,532
$6,638
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Toledo is not provided, it's reasonable to assume that salaries for Cost Estimators in the region have experienced gradual growth over the past four years, mirroring national trends. Economic factors such as inflation, increased project complexity, and evolving industry demands typically drive modest annual increases in compensation for skilled professionals in this field.
Cost Estimators Salary Distribution in Toledo, OH
Salary progression for Cost Estimators in Toledo, OH, is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command substantially higher salaries. The percentile gaps between junior, mid-level, and senior roles clearly signify the career advancement and increased earning potential available within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,440 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,745 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,160 | $36.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,575 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,110 | $58.2 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$79,660
Gross Pay
Real Wage (Purchasing Power)
$79,660
Adjusted for COL (100)
The average annual salary of $79,660 for Cost Estimators in Toledo, OH, 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 Toledo is equivalent to the national average, making it a financially neutral location in terms of cost of living relative to income.
Job Market Context
460
Total Jobs
1.579
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Toledo, OH has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.11, Toledo, OH, demonstrates a slightly higher concentration of Cost Estimator roles than the national average. This suggests a moderately competitive market where demand is present and potentially growing, but not oversaturated. Professionals entering this market may find a good balance of opportunity and manageable competition.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Cost Estimators Salary | $76,970↓ 3% | 20 mi |
| Ann Arbor, MI Cost Estimators Salary | $78,650↓ 1% | 43 mi |
| Sandusky, OH Cost Estimators Salary | $79,620↓ 0% | 48 mi |
| Detroit-Warren-Dearborn, MI Cost Estimators Salary | $84,600↑ 6% | 54 mi |
| Jackson, MI Cost Estimators Salary | $77,280↓ 3% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Toledo, OH?
The median annual salary for a Cost Estimators in Toledo, OH is $79,660. This typically ranges from $43,440 for entry-level positions to $121,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 4.2% lower than the national median of $83,140.
Is Toledo, OH a lucrative place for Cost Estimators?
Yes, it offers good value relative to cost of living.While the average salary is slightly below the national average, Toledo's cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The slightly higher concentration of jobs (LQ 1.11) also indicates steady demand.
Is Toledo, OH a good place to live for Cost Estimators?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($76,970) and Ann Arbor, MI.
How does experience affect a Cost Estimator's salary in Toledo?
Experience is a primary driver of salary for Cost Estimators. Entry-level roles will offer lower compensation, while senior estimators with proven track records and specialized skills can earn significantly more, reflecting their value and expertise.
What is the significance of the Location Quotient (LQ) for Cost Estimators in Toledo?
An LQ of 1.11 indicates that Toledo has a slightly higher concentration of Cost Estimators per worker than the national average. This suggests a stable or potentially growing demand for these professionals within the local market.
How does Toledo's cost of living compare to the national average for Cost Estimators?
Toledo's Cost of Living Index is exactly 100, matching the national average. This means that the $79,660 average salary provides purchasing power equivalent to the national average salary across the country.
What is the total number of Cost Estimators employed in Toledo, OH?
There are approximately 460 Cost Estimators employed in the Toledo, OH area, representing a notable segment of the local professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Toledo, OH area with a job density of 1.579 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 Toledo, OH