Cost estimators

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Total Workforce

131k

Average Age

46.1

Estimated Job Growth

10.5%

10-year projection

Average Salary

$69,154

Average Male Salary

$72,231

Average Female Salary

$50,828

About

Cost estimators are most often employed by the Construction industry. The average yearly wage for Cost estimators was $69,154 in 2016. The top 3 most similar occupations to Cost estimators by wage are Administrative services managers, Urban & regional planners, and Agents & business managers of artists, performers, & athletes.

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, Compliance officers, Cost estimators, Human resources workers, Logisticians, Management analysts, Meeting, convention, & event planners, Fundraisers, Compensation, benefits, & job analysis specialists, Training & development specialists, Market research analysts & marketing specialists, Business operations specialists, all other, Accountants & auditors, Appraisers & assessors of real estate, Budget analysts, Credit analysts, Financial analysts, Personal financial advisors, Insurance underwriters, Financial examiners, Credit counselors & loan officers, Tax examiners & collectors, & revenue agents, Tax preparers, and Other financial specialists

Employment

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 Aircraft & parts manufacturing. Cost estimators are paid most in McLennan CountyWaco (Outer), Hewitt & Robinson Cities PUMA, TX but are relatively concentrated in Pasco County (South) PUMA, FL.

Wages

Yearly Wage

$69,154

AVERAGE SALARY

± $3,140

In 2017, Cost estimators earned an average of $69,154, $17,089 more than than the average national salary of $52,065.

Administrative services managers make somewhat more than Cost estimators while Urban & regional planners 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

0.306

WAGE GINI

In 2017, Cost estimators had a wage GINI coefficient of 0.306, 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

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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Industries by Share

131k

2017 Workforce

± 8,894

-2.26%

1 YEAR GROWTH

± 9.74%

The number of people employed as Cost estimators has been declining at a rate of -2.26%, from 134,390 people in 2016 to 131,356 people in 2017.

This graphic shows the share of Cost estimators employed by various industries. Construction employs the largest share of Cost estimators at  60.5%, followed by Automotive repair & maintenance with 5.94% and Structural metals, & boiler, tank, & shipping container manufacturing  with 2.97%.

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Diversity

Demographic information on Cost estimators in the US. The average age of male Cost estimators in the workforce is 46.5 and of female Cost estimators is 43.9, and the most common race/ethnicity for Cost estimators is White.

Gender Composition

112k

MALE WORKFORCE

± 8,230

18.9k

FEMALE WORKFORCE

± 3,374

85.6% 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

  1. White

  2. Asian

  3. Other

87.8% of Cost estimators are White, making that the most common race or ethnicity in the occupation. Representing 4.33% of Cost estimators, Asian 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

46.5

AVERAGE MALE AGE

± 1.04

43.9

AVERAGE FEMALE AGE

± 2.36

The median age of Cost estimators is 46.1, and Male employees are generally 2.67 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.

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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.

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Bar Chart

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Growth Projections

Projections on wages and job growth for Cost estimators from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Cost estimators are expected to see a growth of 10.5% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

10.5%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Cost estimators. This profession is expected to grow faster than 7.4%, the average rate of national job growth.

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