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Salary, Wages, Pay: Cost Estimators
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Salaries of cost estimators vary widely by experience, education, size of firm, and industry. Median annual earnings of cost estimators in 2002 were $47,550. The middle 50 percent earned between
$36,440 and $62,040. The lowest 10 percent earned less than $28,670, and the highest 10 percent earned more than $79,240. Median annual earnings in the industries employing the largest numbers of cost
estimators in 2002 were:
Nonresidential building construction
$53,820
Building equipment contractors
50,240
Foundation, structure, and building exterior contractors
47,630
Residential building construction
47,180
Building finishing contractors
45,630
College graduates with degrees in fields that provide a strong background in cost estimating, such as engineering or construction management, could start at a higher level. According to a 2003 salary
survey by the National Association of Colleges and Employers, bachelor’s degree candidates with degrees in construction science/management received job offers averaging $42,229 a year.
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