Cost Engineer Salary

Cost Engineers in the United States earn an average of $77K per year; salaries are particularly strong in Bloomfield, where workers earn around $150K. Cost Engineers will also find cushy salaries in Chicago (+41 percent), Seattle (+28 percent), Baton Rouge (+26 percent), and San Francisco (+26 percent). The numbers in this rundown were provided by PayScale's salary survey participants.

$52,375 - $110,679
$52K
$77K
$110K
MEDIAN: $76,825
10%
50%
90%

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$18.25 - $60.82
$18
$39
$61
MEDIAN: $39.01
10%
50%
90%

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$0$119K
Salary $52,375 - $110,679
Bonus $0.00 - $12,249
Profit Sharing $-0.50 - $34,521
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,195 - $119,638
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 189
Hourly Data $0$101
Hourly Rate $18.25 - $60.82
Overtime $22.69 - $101.37
Annual Data $0$119K
Bonus $0.00 - $12,249
Profit Sharing $-0.50 - $34,521
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,195 - $119,638
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 37

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United States (change)

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Job Description for Cost Engineer

Cost engineers focus on cost management for companies, helping estimate expenses and monitoring projects to ensure resources are maximized. These professionals may work on a specific project or projects for their organization, and they may specialize within a specific field (such as construction cost estimator and software project manager). Cost engineers typically work in an office environment during regular business hours. Their day-to-day tasks include planning new projects, consulting with colleagues on cost-related issues, conducting cost control for existing projects, and ensuring quality control for existing projects. Cost engineers analyze proposals and documents to prepare the time, cost, and labor estimates for their company as well. They are required to report their progress to their supervisor, and they may need to give presentations related to costs for managers in their company; in making presentations and presenting analyses, cost engineers must be capable of explaining technical concepts to a variety of audiences.

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Cost Engineer Tasks

  • Analyzes maps, blueprints, photos, charts, and other data to estimate costs.
  • Reviews raw materials and labor requirements for budget purposes.
  • Assesses cost effectiveness of products and projects.
  • Confers with other staff to adjust cost estimates.

Common Career Paths for Cost Engineer


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Cost Engineers who move into a Cost Estimator role may often bring in a much lower salary. On average, Cost Estimators earn $49K.

Cost Engineer Job Listings

Popular Employer Salaries for Cost Engineer


Although Bechtel Corporation boasts the highest average salary in town at $101K, employee compensation still varies greatly — workers can make as little as $72K or as much as $151K.

Popular Skills for Cost Engineer


Survey results imply that Cost Engineers put a diverse skill set to use. Most notably, skills in Project Management, Financial Analysis, Cost Accounting, and Data Analysis are correlated to pay that is above average, with boosts between 5 percent and 7 percent. At the other end of the pay range are skills like Construction Estimating. Those educated in Data Analysis tend to be well versed in Financial Analysis and Project Management. Those proficient in Microsoft Excel are, more often than not, also skilled in Project Management and Financial Analysis.

Pay by Experience Level for Cost Engineer

Pay by Experience for a Cost Engineer has a positive trend. An entry-level Cost Engineer with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 122 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 81 salaries. An experienced Cost Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $98,000 based on 60 salaries. A Cost Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 21 salaries.

Pay Difference by Location

National Average: $79,131

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Cost Engineer

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.
Less than 1 year
4%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Engineer Salaries

▲24%

▲22%

▲5%

National Average
$79,000

▼16%

Skills That Affect Cost Engineer Salaries





National Average
$79,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
4%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
vision benefits
Vision: 75%
no benefits
None: 8%
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