Cost Estimators

AUTOMATION RISK
CALCULATED
45%
risk level
POLLING
51%
Based on 106 votes
LABOR DEMAND
GROWTH
-2.1 %
by year 2032
WAGES
$71,200
or $34.23 per hour
Volume
225,310
as of 2022
SUMMARY
JOB SCORE
4.5/10

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Automation risk

45% (Moderate 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.

Some quite important qualities of the job are difficult to automate:

  • Negotiation

  • Social Perceptiveness

  • Persuasion

User poll

51% chance of full automation within the next two decades

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

Very slow growth relative to other professions.

The number of 'Cost Estimators' job openings is expected to decline 2.1% by 2032

Total employment, and estimated job openings

* Data from the Bureau of Labor Statistics for the period between 2021 and 2031
Updated projections are due 09-2023.

Wages

High paid relative to other professions

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

* Data from the Bureau of Labor Statistics

Volume

Greater range of job opportunities compared to other professions

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

AR (Highly likely) says
99% of my job is working in various programs (planswift, excel, bluebeam, etc) so it's just a matter of when they can automate those programs. High level humans will remain, as there will be too many unknowns to be accounted for.
Jan 22, 2024 at 05:31 PM
Mack (Low) says
Estimations require human overview to determine cost v value, feasibility, weighing up real-time economic trends, personalised and unique designs from client etc.

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.
May 19, 2023 at 01:13 PM
Alhasan (Moderate) says
This job is likely to become automated gradually, as it is becoming more dependent on software. It requires machine learning and automated market research.
Jul 12, 2022 at 09:43 AM
Sam (Highly likely) says
Too simple
Jan 20, 2020 at 02:39 AM

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