Average Cost Estimators Salary in Worcester, MA
Cost Estimators in Worcester, MA, command an impressive average annual salary of $101,660, significantly surpassing the national average of $83,140. This elevated compensation reflects the specific economic demands and industry needs within the Worcester metropolitan area, which often necessitate specialized skills and local market expertise.
Executive Summary
- Average Salary: $101,660 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,430.
- Outlook: With a local workforce of 470 Cost Estimators and a Location Quotient of 0.93, Worcester presents a stable, albeit slightly below national average concentration, job market for this profession. The presence of 1.33 jobs per 1,000 workers indicates a consistent demand, suggesting a healthy environment for both new entrants and experienced professionals seeking opportunities.
Salary Overview
The average Cost Estimators in Worcester, MA earns+22.3%above the national average.
$48.9
$1,955
$8,472
Cost Estimators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Cost Estimators in Worcester have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for construction and infrastructure projects, and the evolving complexity of cost estimation methodologies likely contribute to this upward salary trajectory.
Cost Estimators Salary Distribution in Worcester, MA
The career path for Cost Estimators typically involves significant salary progression based on experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and specialized knowledge can command salaries well into the upper percentiles. These percentile gaps clearly signify the value placed on accumulated expertise and demonstrated success in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,290 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,245 | $36.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,550 | $47.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $127,075 | $61.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,430 | $71.8 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$101,660
Gross Pay
Real Wage (Purchasing Power)
$101,660
Adjusted for COL (100)
The average annual salary of $101,660 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Cost Estimator's salary in Worcester is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
470
Total Jobs
1.33
Per 1K Jobs
0.93
Location Quotient
Worcester, MA has 0.93x the national average concentration of Cost Estimators jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.93 suggests that the concentration of Cost Estimators in Worcester is just slightly below the national average. This indicates a competitive market where employers may need to offer attractive compensation packages to secure top talent, but it also implies a sufficient pool of qualified professionals to meet industry demands without excessive scarcity.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Cost Estimators Salary | $115,010↑ 13% | 14 mi |
| Providence-Warwick, RI-MA Cost Estimators Salary | $92,350↓ 9% | 37 mi |
| Amherst Town-Northampton, MA Cost Estimators Salary | $93,690↓ 8% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Cost Estimators Salary | $111,250↑ 9% | 37 mi |
| Springfield, MA Cost Estimators Salary | $96,240↓ 5% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Cost Estimatorss?
Frequently Asked Questions
How much does a Cost Estimators make in Worcester, MA?
The median annual salary for a Cost Estimators in Worcester, MA is $101,660. This typically ranges from $54,290 for entry-level positions to $149,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 22.3% higher than the national median of $83,140.
Is Worcester, MA a lucrative place for Cost Estimators?
Yes, Worcester, MA is a lucrative place for Cost Estimators.Cost Estimators in Worcester earn significantly above the national average salary, and this compensation is balanced by a cost of living that matches the national average.
Is Worcester, MA a good place to live for Cost Estimators?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($115,010) and Providence-Warwick, RI-MA.
How does the Worcester Cost Estimator salary compare to the national average?
The average annual salary for Cost Estimators in Worcester, MA is $101,660, which is notably higher than the national average of $83,140.
What is the concentration of Cost Estimators in Worcester compared to the rest of the US?
Worcester has a Location Quotient of 0.93 for Cost Estimators, indicating a concentration that is slightly below the national average.
How does the cost of living in Worcester affect the salary?
Worcester's Cost of Living Index is 100, matching the national average. This means the higher salary of $101,660 provides purchasing power equivalent to the national average.
What does the number of jobs per 1,000 workers indicate for Cost Estimators in Worcester?
With 1.33 jobs per 1,000 workers, there is a steady demand for Cost Estimators in Worcester, suggesting a stable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Worcester, MA area with a job density of 1.33 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 Worcester, MA