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%

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$19.69 - $63.79
$20
$41
$64
MEDIAN: $41.42
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
$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
© PayScale, Inc. @ www.payscale.com
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
© PayScale, Inc. @ www.payscale.com

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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 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

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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


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

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


The average worker who claims fewer than five years of experience earns around $66K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $83K. Cost Engineers with one to two decades of relevant experience report an average salary of approximately $98K. For some reason, Cost Engineers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $97K.

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%
dental benefits
None: 9%
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