|Quick Facts: Cost Estimators|
$66,610 per year
$32.03 per hour
|Moderate-term on-the-job training|
Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to make a product or provide a service.
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 $66,610 in May 2020.
Employment of cost estimators is projected to decline 1 percent from 2019 to 2029. Cost estimation software is improving the productivity of these workers, requiring fewer estimators to perform the same amount of work.
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.