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Average Cost Estimators Salary in Waterbury-Shelton, CT

Cost Estimators in the Waterbury-Shelton, CT area earn an average annual salary of $85,780, slightly surpassing the national average of $83,140. This localized premium is influenced by the specific economic demands and industry concentrations within the region, reflecting a healthy market for these crucial analytical roles.

Executive Summary

  • Average Salary: $85,780 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $128,230.
  • Outlook: With a local workforce of 230 Cost Estimators and a Location Quotient of 1.03, the Waterbury-Shelton area demonstrates a stable and slightly above-average concentration of these professionals. This indicates a consistent demand that aligns with national trends, suggesting a robust job market for skilled individuals in this field within the region.
2024 Market Data

Salary Overview

$85,780

The average Cost Estimators in Waterbury-Shelton, CT earns+3.2%above the national average.

BreakdownBased on 40h/week
Hourly

$41.2

Weekly

$1,650

Monthly

$7,148

Cost Estimators Salary Distribution in Waterbury-Shelton, CT

Salary progression for Cost Estimators is significantly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior estimators with extensive project experience and specialized knowledge can command salaries well above the average. The percentile gaps in salary distributions clearly signify the career advancement opportunities and the value placed on seasoned expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$56,650$27.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$64,335$30.9
ManagerOversees team, compliance, and project delivery.50% (Median)$76,740$36.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$107,225$51.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$128,230$61.6

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$85,780

Gross Pay

Real Wage (Purchasing Power)

$85,780

Adjusted for COL (100)

The average annual salary of $85,780 in Waterbury-Shelton, CT, is particularly attractive given the local Cost of Living Index of 100, which is precisely at the national average. This means that the purchasing power of a Cost Estimator's salary in this area is equivalent to the national standard, allowing for a comparable lifestyle without the added financial strain of a higher cost of living.

Job Market Context

230

Total Jobs

1.473

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Waterbury-Shelton, CT has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.

The Location Quotient of 1.03 for Cost Estimators in Waterbury-Shelton, CT, suggests a job market that is marginally more concentrated than the national average. This indicates a healthy, albeit not exceptionally dense, presence of these roles, implying a competitive but accessible market for both employers seeking talent and professionals seeking opportunities.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Connecticut nonmetropolitan area Cost Estimators Salary$83,960↓ 2%15 mi
New Haven, CT Cost Estimators Salary$83,930↓ 2%18 mi
Hartford-West Hartford-East Hartford, CT Cost Estimators Salary$86,730↑ 1%23 mi
Bridgeport-Stamford-Danbury, CT Cost Estimators Salary$87,340↑ 2%27 mi
Springfield, MA Cost Estimators Salary$96,240↑ 12%46 mi

Comparing salaries near Waterbury-Shelton, CT

Hiring Cost Estimatorss?

Frequently Asked Questions

How much does a Cost Estimators make in Waterbury-Shelton, CT?

The median annual salary for a Cost Estimators in Waterbury-Shelton, CT is $85,780. This typically ranges from $56,650 for entry-level positions to $128,230 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Waterbury-Shelton, CT is 3.2% higher than the national median of $83,140.

Is Waterbury-Shelton, CT a lucrative place for Cost Estimators?

Yes, it offers a slightly above-average earning potential.Cost Estimators in Waterbury-Shelton, CT earn more than the national average, and the cost of living is on par with the national average, making it a financially sound location.

Is Waterbury-Shelton, CT a good place to live for Cost Estimators?

The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Waterbury-Shelton, CT?

Some top paying nearby cities include Connecticut nonmetropolitan area ($83,960) and New Haven, CT.

How does the local salary compare to the national average?

The average annual salary for Cost Estimators in Waterbury-Shelton, CT is $85,780, which is higher than the national average of $83,140.

What is the concentration of Cost Estimators in this area?

The Location Quotient is 1.03, indicating that the concentration of Cost Estimators in Waterbury-Shelton, CT is slightly higher than the national average.

How does the cost of living affect the salary?

The cost of living in Waterbury-Shelton, CT is 100, which is the national average. This means the $85,780 salary has the same purchasing power as the national average salary.

What is the total number of Cost Estimators in the local workforce?

There are approximately 230 Cost Estimators employed in the Waterbury-Shelton, CT area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Waterbury-Shelton, CT area with a job density of 1.473 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in Waterbury-Shelton, CT