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Average Cost Estimators Salary in Wyoming

Cost Estimators in Wyoming earn an average annual salary of $75,270, which is below the national average of $83,140. This difference is largely influenced by the state's unique economic landscape and lower overall demand compared to more populous regions. Factors such as industry concentration and the cost of doing business in Wyoming contribute to this localized pay scale.

Executive Summary

  • Average Salary: $75,270 per year.
  • Growth Trend: Salaries have shifted 0.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $104,460.
  • Outlook: Wyoming's market for Cost Estimators, while not as robust as national hubs, shows a steady presence with a total local workforce of 310 individuals. The Location Quotient of 0.79 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not rapidly expanding demand. The presence of 1.124 jobs per 1,000 workers signifies a consistent need for these professionals within the state's economy.
2024 Market Data

Salary Overview

$75,270

The average Cost Estimators in Wyoming earns-9.5%below the national average.

BreakdownBased on 40h/week
Hourly

$36.2

Weekly

$1,448

Monthly

$6,273

Cost Estimators Salary Distribution in Wyoming

Salary progression for Cost Estimators in Wyoming typically scales with experience. Entry-level positions might start closer to the lower end of the pay spectrum, while seasoned professionals with extensive project experience and specialized knowledge can command significantly higher salaries. The percentile gaps in compensation clearly signify career progression, with senior estimators often earning 20-30% more than their junior counterparts.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$41,370$19.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$56,453$27.1
ManagerOversees team, compliance, and project delivery.50% (Median)$74,870$36
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$94,088$45.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$104,460$50.2

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$75,270

Gross Pay

Real Wage (Purchasing Power)

$81,110

Adjusted for COL (92.8)

The nominal average salary of $75,270 in Wyoming presents a favorable purchasing power due to the state's Cost of Living Index of 92.8, which is below the national average of 100. This means that the earned income in Wyoming can potentially cover more goods and services compared to higher cost-of-living areas, making the effective take-home value of the salary quite competitive.

Job Market Context

310

Total Jobs

1.124

Per 1K Jobs

0.79

Location Quotient

Below Average

Wyoming has 0.79x 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.

With a Location Quotient of 0.79, the job market for Cost Estimators in Wyoming is less concentrated than the national average. This suggests that while opportunities exist, the competition might be less intense than in major metropolitan areas. Employers may find it slightly more challenging to source specialized talent locally, potentially leading to competitive offers for experienced candidates.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Casper, WY Cost Estimators Salary$72,640↓ 3%50 mi

Comparing salaries near Wyoming

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Frequently Asked Questions

How much does a Cost Estimators make in Wyoming?

The median annual salary for a Cost Estimators in Wyoming is $75,270. This typically ranges from $41,370 for entry-level positions to $104,460 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Wyoming is 9.5% lower than the national median of $83,140.

Is Wyoming a lucrative place for Cost Estimators?

Yes, with a caveat regarding cost of living.While the average salary is below the national average, Wyoming's lower cost of living index makes the $75,270 salary quite competitive in terms of purchasing power.

Is Wyoming a good place to live for Cost Estimators?

With a Cost of Living Index of 92.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Wyoming?

Some top paying nearby cities include Casper, WY ($72,640) and others.

How does experience impact a Cost Estimator's salary in Wyoming?

Experience significantly influences salary, with senior Cost Estimators commanding higher pay than entry-level professionals due to their specialized skills and project management capabilities.

What is the job outlook for Cost Estimators in Wyoming?

The outlook is stable, with a consistent demand indicated by the number of jobs per 1,000 workers, though the market is less concentrated than the national average.

Is the Cost Estimator workforce in Wyoming diverse?

With a total local workforce of 310, the market offers opportunities but is not as saturated as in larger states, suggesting a niche but steady demand for these professionals.

How does Wyoming's cost of living compare to the national average?

Wyoming's cost of living index is 92.8, which is 7.2% lower than the national average of 100, making everyday expenses more affordable for residents.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Wyoming area with a job density of 1.124 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 Wyoming