Cost Engineer Salary

Median pay for Cost Engineers in the United States is around $79K per year. Total cash compensation to Cost Engineers approaches anywhere from $52K on the lower end to $124K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $8K from profit sharing. This group's pay is mainly influenced by experience level, followed by the particular city and the particular employer. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. For the most part, Cost Engineers enjoy their work and report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$50,728 - $117,678
(Median)
$51K
$79K
$120K
MEDIAN: $78,528
10%
50%
90%

Add this chart to your site: 640px    300px

$20.48 - $64.98
(Median)
$20
$35
$65
MEDIAN: $34.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$50,728 - $117,678  
   
Bonus
$0.00 - $9,784  
Profit Sharing
$293.61 - $8,170  
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).
)
$51,605 - $123,667  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 334
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$20.48 - $64.98  
   
Overtime
$30.80 - $71.66  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $9,784  
   
Profit Sharing
$293.61 - $8,170  
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).
)
$51,605 - $123,667  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 74
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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 see a hefty downturn in earnings if they take top-notch roles like Cost Estimator. The average pay for a Cost Estimator is $49K.

Cost Engineer Job Listings

Search for more jobs:

Popular Employer Salaries for Cost Engineer


Bechtel Corporation does shell out the biggest paychecks — the median in that office is $101K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $72K while workers on the upper end may rake in up to $151K.

Popular Skills for Cost Engineer


Cost Engineers seem to require a number of specific skills. Most notably, skills in Project Management, Cost Accounting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 3 percent and 5 percent. Most people who know Data Analysis also know 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

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $67K on average, but those with five to 10 years of experience enjoy a much bigger median of $82K. The average pay reported by folks with 10 to 20 years of experience is around $96K. More than 20 years of experience mean a somewhat bigger median paycheck of $105K, but it's not much more than what less experienced people make.

Pay Difference by Location


For those looking to make money, Cost Engineers in Baton Rouge enjoy an exceptional pay rate, 25 percent above the national average. Cost Engineers will also find cushy salaries in Houston (+16 percent) and Richland (+11 percent). The lowest-paying market is New York, which sits 10 percent below the national average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Cost Engineer Salaries




National Average
$80,000


Skills That Affect Cost Engineer Salaries


Cost Accounting
up arrow 4%

Microsoft Excel
up arrow 3%

Financial Analysis
up arrow 3%

Construction Estimating
up arrow 2%

National Average
$80,000

Data Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 92 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
33%
10-19 years
18%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 71% employee benefits None: 7%
ADVERTISEMENT