DETAILED OCCUPATION DATA

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	4,480	273	$33.06/hr	$0.53/hr	$20.66/hr	$25.12/hr	$31.12/hr	$39.12/hr	$48.12/hr
U S	210,000	1,890	$34.63/hr	$0.10/hr	$19.11/hr	$24.89/hr	$31.67/hr	$41.77/hr	$54.03/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Cost Estimators Industry OES Employment OES Median Wage Construction 2,440 $33.38/hr Manufacturing 810 $30.05/hr Trade, Transportation and Utilities 510 $28.34/hr Other Services 440 $27.06/hr Professional and Business Services 250 $36.61/hr Natural Resources and Mining 10 $22.14/hr

Other Regional Data For Cost Estimators Geography (click title for details) OES Projections Employment Median Wage % Change 2022 - 2032 Minnesota 4,480 $31.12/hr 1.7% Minneapolis-St Paul-Bloomington MN-WI MSA 3,180 $32.50/hr N/A Seven County Mpls-St Paul, MN 2,840 $32.34/hr 1.1% Central Minnesota 620 $31.35/hr 4.9% Fargo ND-MN MSA 350 $31.06/hr N/A Northwest Balance of State 310 $23.68/hr N/A St Cloud MN MSA 260 $28.39/hr N/A Southeast Minnesota 260 $28.86/hr 0.5% Northwest Minnesota 250 $24.10/hr 1.7% Northeast Minnesota 210 $31.06/hr 1.5% Southwest Minnesota 200 $31.30/hr -1.2% Duluth MN-WI MSA 180 $31.71/hr N/A Rochester MN MSA 160 $28.64/hr N/A Southwest Balance of State 150 $28.64/hr N/A Southeast Balance of State 140 $30.41/hr N/A La Crosse WI-MN MSA 110 $29.55/hr N/A Mankato-North Mankato MN MSA 90 $30.78/hr N/A Grand Forks ND-MN MSA 70 $34.11/hr N/A Northeast Balance of State 50 $30.53/hr N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2022 - 2032
Claims Adjusters, Examiners, and Investigators	5,930	$31.46/hr	-3.8%
Credit Analysts	2,080	$36.21/hr	-4.6%
Insurance Underwriters	1,750	$35.09/hr	-3.0%
Tax Preparers	1,350	$26.02/hr	1.7%
Budget Analysts	510	$37.15/hr	3.6%
Actuaries	460	$48.58/hr	24.5%
Mathematicians	N/A	N/A	N/A
Insurance Appraisers, Auto Damage	N/A	N/A	N/A

• Analyzes blueprints, specifications, proposals, and other documentation, to prepare time, cost, and labor estimates.
• Prepares estimates used for management purposes, such as planning, organizing, and scheduling work.
• Prepares estimates for selecting vendors or subcontractors, and determining cost effectiveness.
• Reviews data to determine material and labor requirements, and prepares itemized list.
• Prepares time, cost, and labor estimates for products, projects, or services, applying specialized methodologies, techniques, or processes.
• Conducts special studies to develop and establish standard hour and related cost data or to effect cost reduction.
• Computes cost factors used for preparing estimates for management and determining cost effectiveness.
• Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.