Average Cost Estimators Salary in Virginia Beach-Chesapeake-Norfolk, VA-NC
Cost Estimators in the Virginia Beach-Chesapeake-Norfolk, VA-NC area earn an average annual salary of $78,460. This figure is slightly below the national average of $83,140, a difference often influenced by regional economic factors and the specific demand within this metropolitan area. The local job market dynamics and industry concentrations play a significant role in shaping compensation for this crucial role.
Executive Summary
- Average Salary: $78,460 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,490.
- Outlook: The job market for Cost Estimators in Virginia Beach-Chesapeake-Norfolk, VA-NC appears robust, with a local workforce of 1,600 professionals. The Location Quotient of 1.49 indicates a higher concentration of these roles compared to the national average, suggesting a sustained demand and a potentially stable job environment for skilled estimators in the region.
Salary Overview
The average Cost Estimators in Virginia Beach-Chesapeake-Norfolk, VA-NC earns-5.6%below the national average.
$37.7
$1,509
$6,538
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Cost Estimators in Virginia Beach-Chesapeake-Norfolk, VA-NC have experienced steady growth over the past four years, mirroring national trends. Economic development, infrastructure projects, and evolving industry needs typically drive an upward trajectory in compensation for specialized roles like cost estimation.
Cost Estimators Salary Distribution in Virginia Beach-Chesapeake-Norfolk, VA-NC
Salary progression for Cost Estimators is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive project portfolios and advanced certifications can earn significantly more. The percentile distribution of salaries highlights these differences, with senior estimators often falling into the higher earning brackets, reflecting their accumulated expertise and value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,220 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,845 | $28.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,430 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,075 | $47.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,490 | $51.7 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$78,460
Gross Pay
Real Wage (Purchasing Power)
$78,460
Adjusted for COL (100)
The average annual salary of $78,460 in Virginia Beach-Chesapeake-Norfolk, VA-NC 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 this region is comparable to the national standard, offering a stable financial outlook without the added pressure of higher living expenses.
Job Market Context
1,600
Total Jobs
2.125
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Virginia Beach-Chesapeake-Norfolk, VA-NC has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.49, the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area demonstrates a notable concentration of Cost Estimator positions relative to the rest of the country. This suggests a competitive yet potentially abundant job market, where employers actively seek these specialized skills, offering ample opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Richmond, VA Cost Estimators Salary | $74,150↓ 5% | 96 mi |
Comparing salaries near Virginia Beach-Chesapeake-Norfolk, VA-NC
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The median annual salary for a Cost Estimators in Virginia Beach-Chesapeake-Norfolk, VA-NC is $78,460. This typically ranges from $46,220 for entry-level positions to $107,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia Beach-Chesapeake-Norfolk, VA-NC is 5.6% lower than the national median of $83,140.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a lucrative place for Cost Estimatorss?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is slightly below the national average, the Cost of Living Index matching the national average makes the $78,460 salary highly competitive. The strong Location Quotient also indicates a healthy demand for the role.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a good place to live for Cost Estimators?
The Cost of Living Index in Virginia Beach-Chesapeake-Norfolk, VA-NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia Beach-Chesapeake-Norfolk, VA-NC?
Some top paying nearby cities include Richmond, VA ($74,150) and others.
How does the local salary compare to the national average?
The average annual salary for Cost Estimators in Virginia Beach-Chesapeake-Norfolk, VA-NC is $78,460, which is slightly lower than the national average of $83,140.
What is the concentration of Cost Estimators in this area?
The Location Quotient is 1.49, indicating that Cost Estimators are 49% more concentrated in this region than the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, matching the national average. This means the $78,460 salary has the same purchasing power as the national average salary.
What is the total number of Cost Estimators in the area?
There are approximately 1,600 Cost Estimators employed within the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,600 employees in the Virginia Beach-Chesapeake-Norfolk, VA-NC area with a job density of 2.125 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 Beach-Chesapeake-Norfolk, VA-NC