Average Cost Estimators Salary in Urban Honolulu, HI
In Urban Honolulu, HI, Cost Estimators earn an average annual salary of $82,990. This figure is remarkably close to the national average of $83,140, indicating a stable and competitive market. The slight parity suggests that local economic factors and demand for skilled estimators in Hawaii are effectively balancing out broader national trends.
Executive Summary
- Average Salary: $82,990 per year.
- Growth Trend: Salaries have shifted 2.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,430.
- Outlook: With a local workforce of 770 Cost Estimators, Urban Honolulu presents a moderately sized but concentrated job market. The Location Quotient of 1.22 signifies that this role is more prevalent in Urban Honolulu than the national average, suggesting a consistent demand for these professionals within the region's specific industries.
Salary Overview
The average Cost Estimators in Urban Honolulu, HI earns-0.2%below the national average.
$39.9
$1,596
$6,916
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Cost Estimators in Urban Honolulu have seen steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing project complexity, and the ongoing need for accurate cost projections across various sectors.
Cost Estimators Salary Distribution in Urban Honolulu, HI
The career trajectory for Cost Estimators typically involves significant salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive project management and analytical skills can command salaries in the upper percentiles, reflecting their accumulated expertise and value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,050 | $21.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,243 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,680 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,738 | $49.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,430 | $59.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$82,990
Gross Pay
Real Wage (Purchasing Power)
$82,990
Adjusted for COL (100)
The average annual salary of $82,990 in Urban Honolulu aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cost Estimator's salary in Urban Honolulu is equivalent to that of their national counterparts, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
770
Total Jobs
1.731
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Urban Honolulu, HI has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.22 indicates that Cost Estimators are 22% more concentrated in Urban Honolulu compared to the national average. This suggests a robust demand for these specialists within the local economy, potentially leading to more job opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Hawaii / Kauai nonmetropolitan area Cost Estimators Salary | $78,120↓ 6% | 37 mi |
Comparing salaries near Urban Honolulu, HI
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Urban Honolulu, HI?
The median annual salary for a Cost Estimators in Urban Honolulu, HI is $82,990. This typically ranges from $44,050 for entry-level positions to $123,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Urban Honolulu, HI is 0.2% lower than the national median of $83,140.
Is Urban Honolulu, HI a lucrative place for Cost Estimators?
Yes, it offers competitive compensation.Cost Estimators in Urban Honolulu earn an average salary that is on par with the national average, and the role is more concentrated locally, indicating steady demand.
Is Urban Honolulu, HI a good place to live for Cost Estimators?
The Cost of Living Index in Urban Honolulu, HI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Urban Honolulu, HI?
Some top paying nearby cities include Hawaii / Kauai nonmetropolitan area ($78,120) and others.
How does the Cost of Living in Urban Honolulu affect a Cost Estimator's salary?
The Cost of Living Index in Urban Honolulu is 100, which is the national average. This means the $82,990 salary has the same purchasing power as the national average salary, making it neither exceptionally high nor low in terms of real value.
What does the Location Quotient of 1.22 mean for Cost Estimators in Urban Honolulu?
A Location Quotient of 1.22 signifies that Cost Estimators are more prevalent in Urban Honolulu than the national average. This suggests a stronger local demand for this profession relative to the overall workforce size.
How many Cost Estimators are there in Urban Honolulu?
There are approximately 770 Cost Estimators working in Urban Honolulu, HI.
Is the job market for Cost Estimators in Urban Honolulu growing?
While specific growth rates aren't provided, the Location Quotient of 1.22 suggests a healthy concentration of the role, implying consistent demand and a stable job market for Cost Estimators in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 770 employees in the Urban Honolulu, HI area with a job density of 1.731 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 Urban Honolulu, HI