Average Cost Estimators Salary in Waco, TX
In Waco, Texas, Cost Estimators earn an average annual salary of $73,130. This figure is notably below the national average of $83,140, suggesting that local market conditions and demand play a significant role in compensation for this profession within the region.
Executive Summary
- Average Salary: $73,130 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,000.
- Outlook: Waco, TX hosts a concentrated workforce of 240 Cost Estimators, indicated by a Location Quotient of 1.29, which is above the national average. This suggests a relatively robust demand for these professionals within the local economy, as the concentration of jobs per 1,000 workers stands at 1.837, implying a stable, albeit not rapidly expanding, job market.
Salary Overview
The average Cost Estimators in Waco, TX earns-12.0%below the national average.
$35.2
$1,406
$6,094
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that Cost Estimator salaries in the region have experienced gradual growth over the past four years, mirroring national trends. Economic development and increased construction or project management activities typically drive upward pressure on salaries for skilled professionals like cost estimators.
Cost Estimators Salary Distribution in Waco, TX
Salary progression for Cost Estimators in Waco, TX, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior estimators with extensive project experience and specialized knowledge can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,580 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,848 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,710 | $34 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,413 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,000 | $51 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$73,130
Gross Pay
Real Wage (Purchasing Power)
$73,130
Adjusted for COL (100)
The average annual salary of $73,130 for Cost Estimators in Waco, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for professionals relocating to or residing in Waco.
Job Market Context
240
Total Jobs
1.837
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Waco, TX has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.29, Waco, TX, demonstrates a higher concentration of Cost Estimators than the national average. This indicates a specialized local market where demand may be slightly more pronounced relative to the general workforce, suggesting a competitive environment for employers seeking talent but potentially favorable conditions for experienced estimators.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Cost Estimators Salary | $72,390↓ 1% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Cost Estimators Salary | $72,240↓ 1% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Cost Estimators Salary | $74,400↑ 2% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Cost Estimators Salary | $79,140↑ 8% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Cost Estimators Salary | $71,480↓ 2% | 41 mi |
Comparing salaries near Waco, TX
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Waco, TX?
The median annual salary for a Cost Estimators in Waco, TX is $73,130. This typically ranges from $36,580 for entry-level positions to $106,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 12.0% lower than the national median of $83,140.
Is Waco, TX a lucrative place for Cost Estimators?
No, not more lucrative than the national average.While the average salary of $73,130 is stable relative to the cost of living, it falls below the national average of $83,140, indicating less lucrative earning potential compared to the broader US market.
Is Waco, TX a good place to live for Cost Estimators?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($72,390) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Cost Estimator salary compare to the national average?
The average salary for Cost Estimators in Waco, TX, is $73,130, which is approximately $10,000 less than the national average of $83,140.
What is the concentration of Cost Estimators in Waco, TX?
Waco, TX has a Location Quotient of 1.29 for Cost Estimators, meaning the profession is 29% more concentrated than the national average, suggesting a slightly higher local demand relative to the general workforce.
How does the cost of living in Waco affect salary perception?
With a Cost of Living Index of 100, Waco's cost of living is exactly at the national average. Therefore, the $73,130 salary provides purchasing power equivalent to the national average, making it a fair compensation in terms of real value.
What is the total number of Cost Estimators in Waco, TX?
There are approximately 240 Cost Estimators employed in Waco, TX, representing a local workforce size that supports the observed concentration and demand for the role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Waco, TX area with a job density of 1.837 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 Waco, TX