Average Cost Estimators Salary in Youngstown-Warren, OH
Cost Estimators in the Youngstown-Warren, OH area earn an average annual salary of $72,350. This figure is notably below the national average of $83,140, suggesting that local market dynamics and potentially industry-specific demand play a significant role in compensation within this region. While the nominal salary may seem lower, it's crucial to consider the local economic landscape when evaluating earning potential.
Executive Summary
- Average Salary: $72,350 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,100.
- Outlook: The Youngstown-Warren area supports a dedicated workforce of 300 Cost Estimators. With a Location Quotient of 1.33, this indicates a higher concentration of these professionals compared to the national average, suggesting a stable, albeit specialized, job market. The presence of nearly 2 Cost Estimators per 1,000 workers further underscores a consistent demand for their expertise in the region.
Salary Overview
The average Cost Estimators in Youngstown-Warren, OH earns-13.0%below the national average.
$34.8
$1,391
$6,029
Cost Estimators Salary Trends (2020-2024)
While specific historical data for Cost Estimator salary trends in Youngstown-Warren is not provided, it is reasonable to assume a general upward trajectory in compensation over the past four years, mirroring national trends. Economic growth, inflation, and increasing demand for accurate cost analysis in construction and manufacturing sectors likely contribute to modest salary increases for skilled professionals in this field.
Cost Estimators Salary Distribution in Youngstown-Warren, OH
Salary progression for Cost Estimators typically correlates with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive project experience and specialized knowledge can command significantly higher salaries, potentially reaching into the upper percentiles. The gap between entry-level and senior roles highlights the value placed on accumulated expertise and proven track records in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,200 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,263 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,630 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,438 | $43.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,100 | $50.5 |
Detailed Cost Estimators Market Analysis
Relocation Context
Nominal Salary
$72,350
Gross Pay
Real Wage (Purchasing Power)
$72,350
Adjusted for COL (100)
The average annual salary of $72,350 in Youngstown-Warren, OH, 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, making the effective take-home value of the salary stable relative to national benchmarks.
Job Market Context
300
Total Jobs
1.888
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Youngstown-Warren, OH has a slightly higher-than-average concentration of Cost Estimators roles compared to the national norm.
A Location Quotient of 1.33 signifies that Cost Estimators are more concentrated in the Youngstown-Warren area than the national average. This suggests a robust local demand for their skills, potentially driven by a strong presence of manufacturing, construction, or related industries that rely heavily on precise cost estimation. While not an oversaturated market, the higher concentration indicates a competitive environment where employers actively seek qualified professionals.
Nearby Job Markets
Nearby Cities for Cost Estimators
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Cost Estimators Salary | $90,040↑ 24% | 43 mi |
| Akron, OH Cost Estimators Salary | $76,920↑ 6% | 46 mi |
| Weirton-Steubenville, WV-OH Cost Estimators Salary | $76,260↑ 5% | 48 mi |
| Pittsburgh, PA Cost Estimators Salary | $78,340↑ 8% | 57 mi |
| Cleveland, OH Cost Estimators Salary | $82,820↑ 14% | 60 mi |
Comparing salaries near Youngstown-Warren, OH
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Frequently Asked Questions
How much does a Cost Estimators make in Youngstown-Warren, OH?
The median annual salary for a Cost Estimators in Youngstown-Warren, OH is $72,350. This typically ranges from $43,200 for entry-level positions to $105,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Youngstown-Warren, OH is 13.0% lower than the national median of $83,140.
Is Youngstown-Warren, OH a lucrative place for Cost Estimators?
Yes, with a caveat.The average salary of $72,350 is at the national average for purchasing power due to a Cost of Living Index of 100, and the higher Location Quotient suggests strong local demand.
Is Youngstown-Warren, OH a good place to live for Cost Estimators?
The Cost of Living Index in Youngstown-Warren, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Youngstown-Warren, OH?
Some top paying nearby cities include Canton-Massillon, OH ($90,040) and Akron, OH.
What is the average salary for a Cost Estimator in Youngstown-Warren, OH?
The average annual salary for a Cost Estimator in Youngstown-Warren, OH, is $72,350.
How does the Youngstown-Warren salary compare to the national average?
The average salary in Youngstown-Warren ($72,350) is lower than the national average ($83,140).
What does the Location Quotient of 1.33 mean for Cost Estimators in Youngstown-Warren?
A Location Quotient of 1.33 indicates that Cost Estimators are more concentrated in Youngstown-Warren than the national average, suggesting a higher relative demand for their services in the area.
How does the cost of living affect the salary of a Cost Estimator in Youngstown-Warren?
With a Cost of Living Index of 100 (the national average), the $72,350 salary in Youngstown-Warren provides purchasing power equivalent to the national average, making it relatively stable.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Youngstown-Warren, OH area with a job density of 1.888 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 Youngstown-Warren, OH