|Quick Facts: Cost Estimators|
$64,040 per year
$30.79 per hour
|Moderate-term on-the-job training|
|11% (Faster than average)|
Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry.
Cost estimators work mostly in offices, and some estimators also visit construction sites and factory assembly lines. Most work full time.
Most cost estimators need a bachelor’s degree, although some workers with several years of experience in construction may qualify without a bachelor’s degree.
The median annual wage for cost estimators was $64,040 in May 2018.
Employment of cost estimators is projected to grow 11 percent from 2016 to 2026, faster than the average for all occupations. Overall job opportunities should be good because companies require accurate cost estimates in order to operate profitably.
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.