As of July 01, 2026, the average salary for a Cost Estimation Analyst I in Connecticut is $79,063 per year, which breaks down to an hourly rate of $38.
However, a Cost Estimation Analyst I's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Estimation Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Cost Estimation Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Cost Estimation Analyst I | 0-2 years | $79,063 |
| Cost Estimation Analyst II | 2-4 years | $101,412 |
| Cost Estimation Analyst III | 4-7 years | $114,193 |
| Cost Estimation Analyst IV | 7+ years | $151,417 |
| Cost Estimation Analyst V | 7-10 years | $178,696 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Cost Estimation Analyst Is. For example, consider the average annual salaries in these key locations:
Cost Estimation Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $88,432. While startup companies pay approximate $74,787.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $74,787 |
| Growth Stage | 51~500 | $79,099 |
| Established | 501~5000 | $85,398 |
| Enterprise | 5000+ | $88,432 |
For Cost Estimation Analyst I roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Pharmaceuticals sectors offer the strongest compensation, at 20% above the average. In contrast, Cost Estimation Analyst positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Cost Estimation Analyst I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $94,876 | $46.0 | 20% |
| Pharmaceuticals | $94,876 | $46.0 | 20% |
| Financial Services | $90,923 | $44.0 | 15% |
| Insurance | $90,923 | $44.0 | 15% |
| Software & Networking | $90,923 | $44.0 | 15% |
Understanding how a Cost Estimation Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026For a Cost Estimation Analyst I, the most direct path to higher earnings is advancing to the Cost Estimation Analyst II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $101,412 - a projected growth of 28% over your current level.
Ready to take the next step in your career? Browse thousands of current Cost Estimation Analyst I job openings on our job board. Use the search bar below to find your perfect match.
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