Cost Estimators Salary in St. Louis, MO-IL

In St. Louis, MO-IL, cost estimators earn a median annual salary of $77,540, which is slightly higher than the national median of $77,070 for this occupation. This salary compares closely to the local area's median household income of $78,225, indicating that typical workers in this field generally align with the broader economic standards of their community. The median hourly wage for cost estimators in the region stands at $37.28, reflecting a competitive earning potential within the local job market. With an estimated 3,300 individuals employed as cost estimators and a relatively low unemployment rate of 3.70%, this profession appears to be both stable and lucrative for those residing in or near St. Louis.

For entry-level workers, salaries often start closer to the 10th percentile mark at approximately $43,430 annually, whereas more experienced professionals can earn significantly higher, reaching up to the 75th percentile of around $95,670 per year. The top earners, at the 90th percentile, may command annual salaries exceeding $123,580. This substantial salary range is largely driven by factors such as experience level, complexity of projects, industry sector, and specialized skills or certifications. As cost estimators gain more experience and expertise, their capacity to handle larger, more intricate projects enhances their earning potential, reflecting the value they bring to their employers in terms of accurate budgeting and resource allocation.