The average salary for a Cost Estimator is $54,505.
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$40k - $86k
$101 - $8k
$0 - $5k
$2k - $16k
$35k - $82k
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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 ta…Read more
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.
Popular Employer Salaries for Cost Estimator
The top respondents for the job title Cost Estimator are from the companies The Boeing Company, Fluor Corporation and Ford Motor Company. Reported salaries are highest at Ford Motor Company where the average pay is $109,758. Other companies that offer high salaries for this role include Fluor Corporation, earning around $87,500. Booz, Allen, and Hamilton pays the lowest at around $62,771. The Boeing Company also pays on the lower end of the scale, paying $75,000.
Explore the most common career paths for Cost Estimator. Thickness and color of lines indicates how common a path is.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Cost Estimator Job Listings
Popular Skills for Cost Estimator
Skills in Microsoft Excel, Construction Estimating and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office and Blueprints.
Pay by Experience Level for Cost Estimator
An entry-level Cost Estimator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $46,934 based on 329 salaries. An early career Cost Estimator with 1-4 years of experience earns an average total compensation of $50,831 based on 744 salaries. A mid-career Cost Estimator with 5-9 years of experience earns an average total compensation of $59,383 based on 377 salaries. An experienced Cost Estimator with 10-19 years of experience earns an average total compensation of $61,424 based on 336 salaries. In their late career (20 years and higher), employees earn an average total compensation of $61,689.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Cost Estimator in their job title in San Diego, California earn an average of 43.3% more than the national average. These job titles also find higher than average salaries in Detroit, Michigan (28.4% more) and Seattle, Washington (20.4% more).
Years of Experience
This data is based on 1,971 survey responses.
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