|Quick Facts: Cost Estimators|
$65,170 per year
$31.33 per hour
|Moderate-term on-the-job training|
Cost estimators collect and analyze data in order to assess the time, money, materials, and labor required to make a product or provide a service.
Cost estimators work mostly in office settings, and some estimators also visit construction sites and factory assembly lines. Most cost estimators work full time, and some work more than 40 hours per week.
Cost estimators typically need a bachelor’s degree to enter the occupation, although workers with several years of experience in construction sometimes qualify in that industry without a degree.
The median annual wage for cost estimators was $65,170 in May 2021.
Employment of cost estimators is projected to decline 2 percent from 2021 to 2031.
Despite declining employment, about 18,500 openings for cost estimators are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.
Explore resources for employment and wages by state and area for cost estimators.
Compare the job duties, education, job growth, and pay of cost estimators with similar occupations.
Learn more about cost estimators by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.