Average Cost Estimators Salary in Vermont
Cost Estimators in Vermont earn an average annual salary of $84,260, which is marginally higher than the national average of $83,140. This slight premium is often influenced by Vermont's unique economic landscape and potentially higher operational costs for businesses within the state.
Executive Summary
- Average Salary: $84,260 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,400.
- Outlook: With a local workforce of 450 Cost Estimators, Vermont presents a stable, albeit niche, job market for this profession. The location quotient of 1.05 indicates a concentration of these roles that is slightly above the national average, suggesting a consistent demand that aligns with or slightly exceeds national trends.
Salary Overview
The average Cost Estimators in Vermont earns+1.3%above the national average.
$40.5
$1,620
$7,022
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Cost Estimators in Vermont have seen steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for accurate project budgeting, and the evolving complexity of construction and manufacturing projects likely contribute to this upward salary trajectory.
Cost Estimators Salary Distribution in Vermont
Career progression for Cost Estimators in Vermont typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the upper percentiles, reflecting their value and expertise in complex estimation tasks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,030 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,195 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,820 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,325 | $50.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,400 | $61.3 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$84,260
Gross Pay
Real Wage (Purchasing Power)
$73,333
Adjusted for COL (114.9)
The average nominal salary of $84,260 in Vermont needs to be considered alongside its Cost of Living Index of 114.9. This index, which is 14.9% higher than the national average, suggests that while the gross salary is favorable, the purchasing power of that income will be somewhat reduced due to higher everyday expenses in the state.
Job Market Context
450
Total Jobs
1.495
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Vermont has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.05 signifies that Vermont has a slightly higher concentration of Cost Estimator jobs relative to its overall workforce compared to the national average. This suggests a healthy, competitive market where demand is present and potentially growing, offering good opportunities for skilled professionals in the state.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Burlington-South Burlington, VT Cost Estimators Salary | $90,050↑ 7% | 40 mi |
| Glens Falls, NY Cost Estimators Salary | $82,800↓ 2% | 69 mi |
| Central New Hampshire nonmetropolitan area Cost Estimators Salary | $76,250↓ 10% | 70 mi |
| Northern New Hampshire nonmetropolitan area Cost Estimators Salary | $79,890↓ 5% | 70 mi |
| Southwestern New Hampshire nonmetropolitan area Cost Estimators Salary | $72,990↓ 13% | 70 mi |
Comparing salaries near Vermont
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Frequently Asked Questions
How much does a Cost Estimators make in Vermont?
The median annual salary for a Cost Estimators in Vermont is $84,260. This typically ranges from $61,030 for entry-level positions to $127,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Vermont is 1.3% higher than the national median of $83,140.
Is Vermont a lucrative place for Cost Estimators?
Yes, Vermont offers a slightly lucrative environment for Cost Estimators.The average salary is above the national average, and the concentration of jobs is slightly higher, indicating a favorable market.
Is Vermont a good place to live for Cost Estimators?
The Cost of Living Index in Vermont is 114.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Vermont?
Some top paying nearby cities include Burlington-South Burlington, VT ($90,050) and Glens Falls, NY.
How does Vermont's cost of living affect a Cost Estimator's salary?
Vermont's Cost of Living Index is 114.9, meaning expenses are higher than the national average. While the $84,260 salary is good, the higher cost of living will impact the real value and purchasing power of that income.
What is the job market like for Cost Estimators in Vermont?
The job market is stable with a slightly higher concentration of roles than the national average, indicated by a Location Quotient of 1.05. The local workforce of 450 suggests a consistent demand for these professionals.
How much does experience impact a Cost Estimator's salary in Vermont?
Experience plays a crucial role, with entry-level estimators earning less and senior estimators with specialized skills commanding significantly higher salaries, reflecting a clear career progression path.
Is Vermont a good state for Cost Estimators to find employment?
Yes, with an average salary exceeding the national average and a slightly higher concentration of jobs, Vermont presents a solid employment landscape for Cost Estimators.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Vermont area with a job density of 1.495 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 Vermont