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
Southwest Minnesota	200	28	$33.36/hr	$0.96/hr	$21.17/hr	$26.25/hr	$31.30/hr	$39.85/hr	$48.90/hr
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 Manufacturing 100 $30.08/hr Construction 70 $37.14/hr

Other Regional Data For Cost Estimators Geography (click title for details) OES Projections Employment Median Wage % Change 2022 - 2032 Seven County Mpls-St Paul, MN 2,840 $32.34/hr 1.1% Central Minnesota 620 $31.35/hr 4.9% 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%

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2022 - 2032
Credit Analysts	130	$29.47/hr	-3.5%
Insurance Underwriters	40	$25.22/hr	0.0%
Claims Adjusters, Examiners, and Investigators	30	$34.66/hr	-1.7%
Budget Analysts	10	$31.01/hr	N/A
Tax Preparers	N/A	$26.20/hr	2.0%
Actuaries	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.