Career Profile Cost Estimators Education Bachelor's This is the typical education required for an entry-level position. Earnings $64,700 This is the typical median salary earned for an entry-level position. Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to make a product or provide a service. General Information Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured. Training Funds Available This is a Rural Capital Area Target Occupation.Training and education opportunities are available with eligible providers throughout the state. Please contact us for more details. Watch a brief video about this occupation. Watch Video Cost Estimators Occupational Outlook For the Rural Capital Area 85 Job Opportunities Over the next five years, an average of 85 openings per year are projected for Cost Estimators. +11.7% Employment Change Employment for Cost Estimators is forecasted to increase on par with the regional average by 11.7% between 2023 and 2028. $31.08 Earnings Potential An average worker in this occupation is paid $31.08/hour. Entry level workers are paid $20.21, while experienced workers are paid $40.10. The median wage is above average regional wages across occupations. Local Employment Opportunities There are 689 Cost Estimators in the RCA region. By 2028 this number could reach 770. Top Employing Industries, Locally The top industries employing Cost Estimators are Building Equipment Contractors, Foundation, Structure, and Building Exterior Contractors, and Residential Building Construction. Knowledge Areas The top most significant knowledge categories for Cost Estimators include Mathematics, Economics and Accounting, and Computers and Electronics. Educational Attainment Patterns The most common level of education for Cost Estimators is Bachelor's. 95% of people employed in these roles have some form of college degree. Sources: BLS JobsEQ® ONET
