|Quick Facts: Cost Estimators|
|2015 Median Pay||
$60,390 per year
$29.03 per hour
|Typical Entry-Level Education||Bachelor's degree|
|Work Experience in a Related Occupation||None|
|Number of Jobs, 2014||213,500|
|Job Outlook, 2014-24||9% (Faster than average)|
|Employment Change, 2014-24||18,700|
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 floors. They may sometimes work overtime to meet deadlines.
A bachelor’s degree is generally required to become a cost estimator, although some highly experienced construction workers may qualify without a bachelor’s degree. A strong background in mathematics is essential.
The median annual wage for cost estimators was $60,390 in May 2015.
Employment of cost estimators is projected to grow 9 percent from 2014 to 2024, faster than the average for all occupations. Overall job opportunities should be good as companies require accurate cost estimates to operate efficiently.
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.