Cost Engineer Salary

Cost Engineers in the United States earn an average of $76K annually, and top pay can be found in Bloomfield, where the average is $150K. Cost Engineers can also look forward to large paychecks in cities like Chicago (+41 percent), Seattle (+27 percent), Baton Rouge (+26 percent), and San Francisco (+26 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.

$51,211 - $106,485
$51K
$76K
$110K
MEDIAN: $76,074
10%
50%
90%

Add this chart to your site: 640px    300px

$19.69 - $63.79
$20
$41
$64
MEDIAN: $41.42
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$51,211 - $106,485  
   
Bonus
$0.00 - $12,502  
Profit Sharing
$507 - $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).
)
$50,750 - $118,634  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 198
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$19.69 - $63.79  
   
Overtime
$27.37 - $101.37  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$0.00 - $12,502  
   
Profit Sharing
$507 - $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).
)
$50,750 - $118,634  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Cost Engineer Tasks

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

Common Career Paths for Cost Engineer


Add this chart to your site:   640px 640px    300px 300px


Cost Engineers may experience a considerable drop in salary when they transition into an upper level Cost Estimator position, where pay tends to be around $49K.

Cost Engineer Job Listings

Search for more jobs:

Popular Employer Salaries for Cost Engineer


The biggest paychecks can be found at Bechtel Corporation — the median salary there is $101K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $72K and highest ones in the neighborhood of $151K.

Popular Skills for Cost Engineer


Cost Engineers report using a pretty varied skill set on the job. Most notably, skills in Project Management, Financial Analysis, Cost Accounting, and Data Analysis are correlated to pay that is above average, with boosts between 4 percent and 7 percent. At the other end of the pay range are skills like Construction Estimating. Most people skilled in Data Analysis are similarly competent in Financial Analysis and Project Management. Most people who know Microsoft Excel also know 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: $79,313

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

Related Job Salaries

Key Stats for Cost Engineer

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.
Less than 1 year
3%
1-4 years
40%
5-9 years
26%
10-19 years
22%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Engineer Salaries

▲24%

▲22%

▲5%

National Average
$79,000

▼17%

Skills That Affect Cost Engineer Salaries





National Average
$79,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
26%
10-19 years
22%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 74%
no benefits
None: 9%