Cost estimators

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Total Workforce

140k

Average Age

47.2

Average Salary

$72,928

Average Male Salary

$76,280

Average Female Salary

$54,406

About

Employment

Diversity

Education

Skills

About

Cost estimators are most often employed by the Construction industry. The average yearly wage for Cost estimators was $72,928 in 2016. The top 3 most similar occupations to Cost estimators by wage are Agricultural & food scientists, Military officer special & tactical operations leaders, and Physical therapists.

Cost estimators are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, and 24 more.

The top 3 locations that employ the most Cost estimators are Ephrata Borough PUMA, PA, St. Mary's & Calvert Counties PUMA, MD, and Washington County PUMA, AR. The top 3 locations with a relatively high concentration of Cost estimators are South of US-290 & West of TX-6 PUMA, TX, Ephrata Borough PUMA, PA, and Carroll County PUMA, MD.

Photo by paul bica

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Information on the businesses and industries that employ Cost estimators and on wages and locations for those in the field. Construction is the industry that employs the most Cost estimators, both by share and by number, though the highest paid industry for Cost estimators, by average wage, is Miscellaneous manufacturing, n.e.c. . Cost estimators are paid most in McLennan CountyWaco (Outer), Hewitt & Robinson Cities PUMA, TX but are relatively concentrated in South of US-290 & West of TX-6 PUMA, TX.

Wages

Yearly Wage

$72,928

AVERAGE SALARY

± $3,891

In 2018, Cost estimators earned an average of $72,928, $19,039 more than than the average national salary of $53,888.

Military officer special & tactical operations leaders make somewhat more than Cost estimators while Agricultural & food scientists make somewhat less. This chart shows the various occupations closest to Cost estimators as measured by average annual salary in the US.

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Wage Distribution

0.33

WAGE GINI

In 2018, Cost estimators had a wage GINI coefficient of 0.33, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Cost estimators (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

HIGHEST PAYING PUMAS

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Cost estimators.

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Spatial Concentration

PUMAs with a Relatively High Concentration of Cost estimators

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Cost estimators.

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Industries

Most Common

The most common industries employing Cost estimators, by number of employees, are Construction, Automotive repair & maintenance, and Structural metals, & boiler, tank, & shipping container manufacturing .

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Highest Paying

The highest paying industries for Cost estimators, by average wage, are Aircraft & parts manufacturing, Miscellaneous manufacturing, n.e.c. , Machine shops; turned product; screw, nut & bolt manufacturing , Architectural, engineering & related services, Electric power generation, transmission & distribution, and Architectural, engineering & related services.

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Industries by Share

140k

2018 Workforce

± 9,192

6.82%

1 YEAR GROWTH

± 8.82%

The number of people employed as Cost estimators has been growing at a rate of 6.82%, from 131,356 people in 2017 to 140,319 people in 2018.

This graphic shows the share of Cost estimators employed by various industries. Construction employs the largest share of Cost estimators at 61.6%, followed by Automotive repair & maintenance with 4.21% and Structural metals, & boiler, tank, & shipping container manufacturing with 2.74%.

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Diversity

Demographic information on Cost estimators in the US. The average age of male Cost estimators in the workforce is 48.1 and of female Cost estimators is 42.1, and the most common race/ethnicity for Cost estimators is White (Non-Hispanic).

Gender Composition

119k

MALE WORKFORCE

± 8,459

21.5k

FEMALE WORKFORCE

± 3,600

84.7% of Cost estimators are Male, making them the more common gender in the occupation. This chart shows the gender breakdown of Cost estimators.

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Race & Ethnicity

Most Common Race or Ethnicity of Cost estimators

White (Non-Hispanic)
White (Hispanic)
Asian (Non-Hispanic)

85.6% of Cost estimators are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 5.85% of Cost estimators, White (Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Cost estimators.

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Age by Gender

48.1

AVERAGE MALE AGE

± 1.02

42.1

AVERAGE FEMALE AGE

± 2.16

The median age of Cost estimators is 47.2, and Male employees are generally 5.99 years older than than their Female counterparts.

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Education

Data on higher education choices for Cost estimators from The Department of Education and Census Bureau. The most common major for Cost estimators is Business but a relatively high number of Cost estimators hold a major in Construction.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

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Skills

Data on the critical and distinctive skills necessary for Cost estimators from the Bureau of Labor Statistics. Cost estimators need many skills, but most especially Mathematics, Critical Thinking, and Reading Comprehension. The revealed comparative advantage (RCA) shows that Cost estimators need more than the average amount of Management of Financial Resources, Management of Material Resources, and Mathematics.