Cost Estimators
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Automation risk
Moderate Risk (41-60%): Occupations with a moderate risk of automation usually involve routine tasks but still require some human judgment and interaction.
More information on what this score is, and how it is calculated is available here.
User poll
Our visitors have voted they are unsure if this occupation will be automated. This assessment is further supported by the calculated automation risk level, which estimates 45% chance of automation.
What do you think the risk of automation is?
What is the likelihood that Cost Estimators will be replaced by robots or artificial intelligence within the next 20 years?
Sentiment
The following graph(s) are included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.
Sentiment over time (yearly)
Growth
The number of 'Cost Estimators' job openings is expected to decline 2.1% by 2032
Total employment, and estimated job openings
Updated projections are due 09-2023.
Wages
In 2022, the median annual wage for 'Cost Estimators' was $71,200, or $34 per hour
'Cost Estimators' were paid 53.7% higher than the national median wage, which stood at $46,310
Wages over time
Volume
As of 2022 there were 225,310 people employed as 'Cost Estimators' within the United States.
This represents around 0.15% of the employed workforce across the country
Put another way, around 1 in 656 people are employed as 'Cost Estimators'.
Job description
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.
SOC Code: 13-1051.00
Resources
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Comments
Tasks such as drawing takeoff and generating schedules can be automated to a certain extent but still require human spot check and verification.
Admin tasks to set up and administer contracts can be automated.
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