Average Cost Estimators Salary in Virginia
Cost Estimators in Virginia earn an average annual salary of $79,280, which is slightly below the national average of $83,140. This localized pay is influenced by a variety of factors, including the specific industry demands within the state and the overall economic landscape that shapes compensation for specialized roles.
Executive Summary
- Average Salary: $79,280 per year.
- Growth Trend: Salaries have shifted 6.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,610.
- Outlook: With a total local workforce of 6,570 Cost Estimators, Virginia demonstrates a solid presence in this field. The Location Quotient of 1.14 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable and potentially growing demand for their expertise within the state's economy.
Salary Overview
The average Cost Estimators in Virginia earns-4.6%below the national average.
$38.1
$1,525
$6,607
Cost Estimators Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Cost Estimators in Virginia have experienced a steady upward trend over the past four years, mirroring national patterns of wage growth driven by inflation, increased demand for skilled professionals, and evolving industry needs.
Cost Estimators Salary Distribution in Virginia
The salary spectrum for Cost Estimators in Virginia naturally widens with experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive project experience and specialized knowledge command significantly higher salaries, often reaching into the upper percentiles, reflecting their increased value and contribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,880 | $21.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,460 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,970 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,100 | $47.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,610 | $57.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$79,280
Gross Pay
Real Wage (Purchasing Power)
$78,185
Adjusted for COL (101.4)
The nominal average salary of $79,280 in Virginia aligns closely with a Cost of Living Index of 101.4, which is just slightly above the national average. This suggests that the purchasing power of a Cost Estimator's salary in Virginia is relatively stable, offering a comparable standard of living to the national average.
Job Market Context
6,570
Total Jobs
1.617
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Virginia has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.14 signifies that Cost Estimators are more concentrated in Virginia than the national average. This indicates a robust market for these professionals, with employers actively seeking their skills, potentially leading to competitive opportunities and a healthy job market for individuals in this career.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Cost Estimators Salary | $80,850↑ 2% | 25 mi |
| Richmond, VA Cost Estimators Salary | $74,150↓ 6% | 41 mi |
| Staunton-Stuarts Draft, VA Cost Estimators Salary | $62,580↓ 21% | 56 mi |
| Harrisonburg, VA Cost Estimators Salary | $72,240↓ 9% | 60 mi |
| Lynchburg, VA Cost Estimators Salary | $70,000↓ 12% | 61 mi |
Comparing salaries near Virginia
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Virginia?
The median annual salary for a Cost Estimators in Virginia is $79,280. This typically ranges from $44,880 for entry-level positions to $119,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 4.6% lower than the national median of $83,140.
Is Virginia a lucrative place for Cost Estimators?
Yes, with a slight caveat.Virginia offers a competitive salary for Cost Estimators, slightly below the national average but with a cost of living that is also only marginally higher. The strong concentration of these roles suggests good job availability.
Is Virginia a good place to live for Cost Estimators?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Charlottesville, VA ($80,850) and Richmond, VA.
How does Virginia's Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Virginia is $79,280, which is approximately $3,860 less than the national average of $83,140.
What is the concentration of Cost Estimators in Virginia?
Virginia has a Location Quotient of 1.14 for Cost Estimators, meaning there are about 14% more of these professionals per worker than the national average, indicating a higher concentration.
How does the cost of living in Virginia affect salary?
With a Cost of Living Index of 101.4, Virginia is only slightly more expensive than the national average. Therefore, the $79,280 salary offers a purchasing power very close to the national average.
What does the number of Cost Estimators per 1,000 workers indicate?
The figure of 1.617 jobs per 1,000 workers suggests a steady presence and demand for Cost Estimators within Virginia's labor market, contributing to the overall job availability in the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,570 employees in the Virginia area with a job density of 1.617 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 Virginia