Avg. Base Salary (USD)
The average salary for a Cost Estimator is $58,014
What is the Pay by Experience Level for Cost Estimators?
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 $50,085 based on 19 salaries. An early career Cost Estimator with 1-4 years of experience earns an average total compensation of $54,031 based on 260 salaries. A mid-career …Read more
What Do Cost Estimators Do?
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 …Read more
- 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.