Cost Estimator Salary

Cost Estimators in the United States can expect to earn an average of $52K per year. Overall incomes of Cost Estimators — including $6K bonuses, $5K profit sharing proceeds, and $20K commissions on the more lucrative end — generally ranges between $33K and $82K. Geography and tenure each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — one-fifth lack coverage. On the flip side, a fair number have medical insurance and a majority receive dental plans. Generally, women make up less than a third of all Cost Estimators who answered the questionnnaire. The majority of Cost Estimators claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
Read More
$35,987 - $83,152
(Median)
$36K
$52K
$83K
MEDIAN: $52,131
10%
50%
90%

Add this chart to your site: 640px    300px

$13.64 - $32.01
(Median)
$14
$19
$32
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Salary
$35,987 - $83,152  
   
Bonus
$0.00 - $6,101  
Profit Sharing
$101.37 - $5,144  
Commission
$0.00 - $20,273  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,035 - $82,295  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 862
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$13.64 - $32.01  
   
Overtime
$17.99 - $42.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $6,101  
   
Commission
$0.00 - $20,273  
Profit Sharing
$101.37 - $5,144  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,035 - $82,295  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 310
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Cost Estimator

Whether the final product is a skyscraper or a tube of toothpaste, most companies need a professional to estimate the production costs for their products. A cost estimator predicts manufacturing price of a product using their analytical and technical skills. Their typical day includes analyzing labor, material, and time requirements for manufacturing proposals or construction blueprints to calculate the costs of production; they may also occasionally visit the site of production. As they are tasked with preparing cost estimates to ensure a projected project can be successfully and efficiently completed, they create cost-estimate reports and often make presentations to other members of the production team. Additionally, a cost estimator normally work alongside other professionals such as designers, architects, contractors, construction managers, and engineers.

Read More...

Cost Estimator Tasks

  • Make new cost estimates as project progresses, and discuss changes with engineers, contractors, and clients.
  • Conduct research to determine needs for personnel, machinery, materials, and other factors which affect costs.
  • Produce cost estimates for a project based on project plans and discussions with clients and engineers.
  • Analyze current processes, personnel, and materials to identify methods for reducing costs.

Common Career Paths for Cost Estimator


Add this chart to your site:   640px 640px    300px 300px


Cost Estimators might see a strong upturn in salary after transitioning into upper-level roles such as Senior Estimator, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $81K per year. The most common promotion for Cost Estimators is Construction Estimator, a position that typically pays $52K annually. Another standard transition for Cost Estimators seeking advancement is to assume a Production Estimator role, where pay is often $45K.

Cost Estimator Job Listings

Search for more jobs:

Popular Skills for Cost Estimator


Cost Estimators report using a diverse set of skills on the job. Most notably, skills in Financial Analysis, Construction Estimating, Project Management, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include AutoCAD and Blueprints. The majority of those who know Blueprints also know Microsoft Office and Construction Estimating.

Pay by Experience Level for Cost Estimator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Survey participants with less than five years' experience pocket $44K on average, but those with five to 10 years of experience enjoy a much bigger median of $55K. Cost Estimators with one to two decades of relevant experience report an average salary of approximately $60K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $59K on average.

Pay Difference by Location

National Average: $50,363

Larger city markers indicate a job is popular in that location.

For those looking to make money, Cost Estimators in Detroit enjoy an exceptional pay rate, 69 percent above the national average. Cost Estimators will also find cushy salaries in San Francisco (+44 percent), San Diego (+40 percent), Seattle (+38 percent), and Washington (+37 percent). Trailing the national average by 11 percent, Akron is the market with the smallest paychecks.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Cost Estimator Salaries




National Average
$50,000


Skills That Affect Cost Estimator Salaries


Construction Estimating
up arrow 2%

Project Management
up arrow 1%

National Average
$50,000

Microsoft Excel
up arrow 2%

Microsoft Office
up arrow 2%


up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 164 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
5%
1-4 years
38%
5-9 years
22%
10-19 years
20%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 63%
medical benefits
Vision: 50%
dental benefits
None: 21%
ADVERTISEMENT