Cost Engineer Salary

Average Cost Engineers in the United States make around $77K per year. Total cash compensation for Cost Engineers runs from $51K to $121K depending on bonuses that can occasionally exceed $12K and profit sharing that can reach almost $22K. The most influential factor affecting pay for this group is residence, though career length and the particular employer have a (lesser) impact as well. Most Cost Engineers like their work and job satisfaction is high. Making up 71 percent of those who took the survey, male Cost Engineers greatly outnumber their female counterparts. Medical benefits are awarded to a large number, and most earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$52,154 - $109,391
$52K
$77K
$110K
MEDIAN: $77,176
10%
50%
90%

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$19.96 - $65.00
$20
$42
$65
MEDIAN: $42.27
10%
50%
90%

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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
$52,154 - $109,391  
   
Bonus
$0.00 - $12,300  
Profit Sharing
$650 - $21,500  
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).
)
$51,346 - $120,688  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 211
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
$19.96 - $65.00  
   
Overtime
$27.56 - $100.67  
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 - $12,300  
   
Profit Sharing
$650 - $21,500  
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).
)
$51,346 - $120,688  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 39

Find Out Exactly What You Should Be Paid

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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For Cost Engineers, a move to the Cost Estimator role often correlates with a sharp decline in salary. Cost Estimators typically make $49K.

Cost Engineer Job Listings

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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


Survey results imply that Cost Engineers put a diverse skill set to use. Most notably, skills in Project Management, Cost Accounting, Financial Analysis, and Data Analysis are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that seem to negatively impact pay include Construction Estimating. The majority of those who know Data Analysis also know Financial Analysis and Project Management. Skill sets containing Microsoft Excel also tend to include Project Management and Financial Analysis.

Pay by Experience Level for Cost Engineer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Cost Engineers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries of relatively inexperienced workers fall in the neighborhood of $66K, but folks who have racked up five to 10 years see a notably higher median of $83K. Cost Engineers claiming one to two decades of experience make an estimated median of $99K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $80,399

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

For Cost Engineers, Chicago provides a pay rate that is 39 percent greater than the national average. Cost Engineers will also find cushy salaries in Detroit (+32 percent), Seattle (+26 percent), Baton Rouge (+24 percent), and San Francisco (+24 percent). With compensation 13 percent below the national average, Auburn Hills is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Denver (12 percent less) and Atlanta (2 percent less).

Related Job Salaries

Key Stats for Cost Engineer

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.
Less than 1 year
2%
1-4 years
39%
5-9 years
27%
10-19 years
22%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Engineer Salaries

▲23%

▲23%

▲3%

National Average
$80,000

▼18%

Skills That Affect Cost Engineer Salaries





National Average
$80,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
2%
1-4 years
39%
5-9 years
27%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 73%
dental benefits
None: 8%
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