Cost Estimator Salary

Pay for Cost Estimators in the United States sits in the ballpark of $53K annually. In the world of Cost Estimators, total cash compensation can vary between $34K and $79K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $5K, respectively. Earnings for this group are mostly affected by residence, followed by the specific employer and years of experience. Health benefits are not enjoyed by everyone in this line of work, and slightly less than a fourth lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by the larger part. Making up 74 percent of those who took the survey, male Cost Estimators greatly outnumber their female counterparts. Job satisfaction for Cost Estimators is high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$39,222 - $85,690
$39K
$54K
$86K
MEDIAN: $53,818
10%
50%
90%

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$13.06 - $28.21
$13
$20
$28
MEDIAN: $19.64
10%
50%
90%

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$0$85K
Salary $39,222 - $85,690
Bonus $0.00 - $7,483
Profit Sharing $0.00 - $5,091
Commission $1,510 - $19,866
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).
)
$33,941 - $81,483
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 589
Hourly Data $0$39
Hourly Rate $13.06 - $28.21
Overtime $18.25 - $39.90
Annual Data $0$81K
Bonus $0.00 - $7,483
Commission $1,510 - $19,866
Profit Sharing $0.00 - $5,091
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).
)
$33,941 - $81,483
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 256

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.

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Cost Estimator Tasks

  • 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.
  • 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.

Common Career Paths for Cost Estimator


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While Cost Estimators rarely become Senior Estimators, the job pays $82K per year on average. Becoming a Construction Estimator is, more often than not, the most common role that Cost Estimators move into when they're ready for the next step in their career. The average salary for the position is $52K. Another frequent advance is for Cost Estimators to assume a Production Estimator role; in this role, workers often earn $46K.

Cost Estimator Job Listings

Popular Employer Salaries for Cost Estimator


Popular Skills for Cost Estimator


Cost Estimators report using a diverse set of skills on the job. Most notably, skills in Financial Analysis, Data Analysis, Construction Estimating, and Cost Accounting are correlated to pay that is above average. Skills that pay less than market rate include AutoCAD and Blueprints. Those familiar with Blueprints also tend to know Microsoft Office and Construction Estimating.

Pay by Experience Level for Cost Estimator

Pay by Experience for a Cost Estimator has a positive trend. An entry-level Cost Estimator with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 435 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Estimator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $55,000 based on 216 salaries. An experienced Cost Estimator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 185 salaries. A Cost Estimator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $60,000 based on 96 salaries.

Pay Difference by Location

National Average: $51,434

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

Cost Estimators will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 42 percent. Cost Estimators can also look forward to large paychecks in cities like Detroit (+41 percent), Washington (+36 percent), Houston (+30 percent), and San Diego (+27 percent). Akron is the lowest-paying area, 12 percent south of the national average.

Cost Estimator Reviews

Q: What is it like working as a Cost Estimator?

Cost Estimator in Jacksonville:
"Rewarding."
Pros: Returning homeowners back to their original state after disaster occurs.
Cons: Using my phone constantly.

Related Job Salaries

Key Stats for Cost Estimator

Gender

Female
25 %
Male
75 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 148 votes.
Less than 1 year
9%
1-4 years
38%
5-9 years
20%
10-19 years
22%
20 years or more
12%

Experience Affects Cost Estimator Salaries

▲17%

▲14%

▲7%

National Average
$51,000

▼10%

Skills That Affect Cost Estimator Salaries






National Average
$51,000

Microsoft Excel
▼1%



▼4%

▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 148 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
9%
1-4 years
38%
5-9 years
20%
10-19 years
22%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 63%
vision benefits
Vision: 51%
no benefits
None: 22%