Average Cost Estimators Salary in Wilmington, NC
Cost Estimators in Wilmington, NC, earn an average annual salary of $69,250. This figure is notably below the national average of $83,140, suggesting that local market dynamics and potentially industry-specific demand in Wilmington influence compensation levels. While the national average reflects broader economic factors, regional variations are common in specialized roles like cost estimation.
Executive Summary
- Average Salary: $69,250 per year.
- Growth Trend: Salaries have shifted 1.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,050.
- Outlook: Wilmington, NC, hosts a concentrated workforce of 340 Cost Estimators, indicated by a Location Quotient of 1.29, which is higher than the national average. This suggests a slightly more robust demand or a specialized industry presence within the region compared to the rest of the country. With 1.833 jobs per 1,000 workers, the market shows a steady, albeit not explosive, level of employment for this profession.
Salary Overview
The average Cost Estimators in Wilmington, NC earns-16.7%below the national average.
$33.3
$1,332
$5,771
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Wilmington's Cost Estimator salaries is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic growth and inflation. Factors such as increased construction activity, infrastructure projects, and evolving industry standards likely contribute to salary growth for skilled professionals in this field.
Cost Estimators Salary Distribution in Wilmington, NC
Salary progression for Cost Estimators in Wilmington, NC, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior estimators with extensive project experience and specialized knowledge can command significantly higher salaries. The percentile gaps between junior and senior roles reflect the value placed on expertise, proven track records, and leadership capabilities within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,900 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,938 | $25 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,490 | $32.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,563 | $41.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,050 | $53.4 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$69,250
Gross Pay
Real Wage (Purchasing Power)
$69,250
Adjusted for COL (100)
The average annual salary of $69,250 for Cost Estimators in Wilmington, NC, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of a Cost Estimator's salary in Wilmington is equivalent to that of a Cost Estimator earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary offers a comparable standard of living to the national benchmark.
Job Market Context
340
Total Jobs
1.833
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Wilmington, NC has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
With a Location Quotient of 1.29, Wilmington, NC, demonstrates a higher concentration of Cost Estimators relative to the national average. This indicates that the job market in Wilmington may be more specialized or have a greater reliance on cost estimation services within its key industries. While not indicating an oversaturated market, the elevated quotient suggests a healthy presence and potentially competitive environment for skilled professionals in this role.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Jacksonville, NC Cost Estimators Salary | $68,810↓ 1% | 46 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Cost Estimators Salary | $69,720↑ 1% | 67 mi |
| Goldsboro, NC Cost Estimators Salary | $73,720↑ 6% | 81 mi |
| Fayetteville, NC Cost Estimators Salary | $68,460↓ 1% | 87 mi |
| Greenville, NC Cost Estimators Salary | $74,730↑ 8% | 100 mi |
Comparing salaries near Wilmington, NC
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Wilmington, NC?
The median annual salary for a Cost Estimators in Wilmington, NC is $69,250. This typically ranges from $33,900 for entry-level positions to $111,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wilmington, NC is 16.7% lower than the national median of $83,140.
Is Wilmington, NC a lucrative place for Cost Estimators?
No, not more lucrative than the national average.While the average salary of $69,250 is substantial, it falls below the national average of $83,140. However, the cost of living matching the national average means the salary's purchasing power is equivalent.
Is Wilmington, NC a good place to live for Cost Estimators?
The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wilmington, NC?
Some top paying nearby cities include Jacksonville, NC ($68,810) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the Wilmington Cost Estimator salary compare to the national average?
The average salary for Cost Estimators in Wilmington, NC, is $69,250, which is lower than the national average of $83,140.
What is the Cost of Living in Wilmington, NC?
Wilmington, NC, has a Cost of Living Index of 100, which is exactly the national average, meaning it is neither more nor less expensive to live there than the typical U.S. location.
Is there high demand for Cost Estimators in Wilmington, NC?
The Location Quotient of 1.29 suggests a slightly higher concentration of Cost Estimators in Wilmington than the national average, indicating a potentially robust or specialized demand within the local market.
How many Cost Estimators work in Wilmington, NC?
There are approximately 340 Cost Estimators employed in Wilmington, NC, representing 1.833 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Wilmington, NC area with a job density of 1.833 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 Wilmington, NC