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Salary and Benefits

Cost Estimator
$49K-$60K / yr. (est.)
$50K
$55,195 / year
$61K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Cost Estimator

What does a Cost Estimator do?

We, cost estimators, collect and analyze data as cost estimators to estimate the time, resources, materials, and labor necessary to produce a product, create a structure, or provide a service. We focus on a specific product or business. The ability to accurately estimate the costs of building and production projects is critical to a company's survival. We furnish chiefs with the data they need to submit competitive agreement offers or value items suitably.

Core tasks:

  • briefing with clients to explore the project's reach and size
  • visiting worksites to collect data on supplies, labor, and other factors
  • utilizing software programming to compute quotes
  • planning and introducing cost reports for customers

Insights

How Many Years of Experience Do Professionals Need Before Becoming Cost Estimator?
On average, people work 5-7 years in other positions prior to becoming a Cost Estimator.
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Financial AnalystNew York City, NY - A year ago
Wow, I had no idea it took so long to switch careers to become a cost estimator. Guess I better stick with my current job then! 😩
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EngineerSan Francisco, CA - A year ago
Sounds like a reasonable requirement. Building a solid foundation in diverse roles can undoubtedly lead to better cost estimation capabilities. 🤔
How Long Do Cost Estimator Employees Typically Stay in Their Roles?
On average, Cost Estimators works in this position for 5+ years across multiple employers.
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Marketing ManagerNew York City, NY - A year ago
Cost estimators help us determine the budget for marketing campaigns, but sometimes their estimates feel inflated and restrict our creative potential. There must be a better way!
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Project ManagerHouston, TX - A year ago
Cost estimators are crucial team members, helping us set realistic project budgets and timelines. However, they need to communicate their estimates more effectively to gain our trust and cooperation.
What Is the Job Hopper Score for Cost Estimator Employees?
Moderate job changes in Cost Estimator, showing some career movement without excessive turnover.
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Marketing SpecialistChicago, IL - A year ago
cost estimators really be jumpin' ship every chance they get, must be some serious dissatisfaction going on 🤷
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Software DeveloperSan Francisco, CA - A year ago
Cost Estimators, just like code, seems like they constantly need updating and optimization. 🔄

Career path

Path to job

Discover a Cost Estimator's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Cost Estimator typically studied at.
Central Michigan University
Michigan State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Cost Estimator Employees?
Gender ratio in Cost Estimator position: 0.787004192196066 Male and 0.212995807803934 Female. Age ratio in Cost Estimator position: 16-20: 9%, 21-30: 59%, 31-40: 19%, 41-50: 8%, 51-60: 4%, 60+: 1%. Cost Estimator position is predominantly male (78.7%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Cost EstimatorPhoenix, AZ - A year ago
it's disappointing to see such a lack of diversity in the age range within the cost estimator occupation. 🤦
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Cost EstimatorPhiladelphia, PA - A year ago
does this mean older cost estimators struggle to find employment or retire early? ☹

Workplaces

Who Are the Top Employers for Cost Estimator?
Top employers of Cost Estimator position: Ford Motor Company, Lend Lease, Quantech Services. People who work in Cost Estimator position most typically go on to work for the Ford Motor Company.
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Cost EstimatorHouston, TX - A year ago
Lend Lease is also a top employer for Cost Estimators. They offer great opportunities in the construction industry.
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Cost EstimatorChicago, IL - A year ago
Quantech Services must have some interesting projects to work on. I wonder what they specialize in within the field.
Ford Motor Company
Lend Lease
Quantech Services
What Industries Does Cost Estimator Typically Have Experience In?
Industry Background: The most typical industries of Cost Estimator: Manufacturing, Construction, Retail, Professional / Scientific / Technical, Administrative & Support. Cost Estimator employees most likely come from a Manufacturing industry background.
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Cost EstimatorChicago, IL - A year ago
Hey everyone, as a Cost Estimator in the professional/technical industry, I'm always amazed at the intricate know-how required to estimate costs for specialized services. It's like a never-ending math puzzle! 🧠
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Cost EstimatorMiami, FL - A year ago
Being a Cost Estimator in the administrative/support industry is all about constant multitasking, stressful deadlines, and ensuring the budget stays on track. It's challenging, but definitely rewarding when you see the numbers align! 💼

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Discussion about Cost Estimator

Want to know more about Cost Estimator position?
Share your thoughts and ideas about Cost Estimator position with others in our community.
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What is the women/men ratio in the job of Cost Estimator?
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Liam Brown4 years ago
Mostly men choose this job, but women also choose this.
What is the typical age to work as a Cost Estimator?
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Sophie Hayes4 years ago
30 is the average age of people working as a Cost Estimator.
Is a Cost Estimator considered to be a junior profession?
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Isabella Holmes4 years ago
6 years of experience is needed on average for a Cost Estimator.
Which industries does a Cost Estimator typically work in?
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Liam Brown4 years ago
Manufacturing is the most frequent for a Cost Estimator.
Do I need a degree to work as a Cost Estimator?
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Sophie Hayes4 years ago
Most people have a Bachelor of Science degree
Which company are you working for as a Cost Estimator?
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Sophie Hayes4 years ago
It’s common for a Cost Estimator to work for Ford Motor Company, Lend Lease, Quantech Services, Raytheon and VJ Associates
How many years of experience as a Cost Estimator is needed in average to switch to another position?
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Liam Brown4 years ago
A Cost Estimator typically changes positions after more than 5 years.
Is it common for people to switch companies and still work as a Cost Estimator?
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Liam Brown4 years ago
On average a Cost Estimator works for only a few companies.
What occupations do people usually work in before becoming a Cost Estimator?
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Sophie Hayes4 years ago
Typical prior positions for a Cost Estimator are Estimator, Project Manager or Financial Analyst
What typical professions people working as a Cost Estimator switch to?
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Benjamin Gardner4 years ago
Project Manager, Estimator or Financial Analyst can be a good next step
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