Average Cost Engineer Salary in United Kingdom

£35,554
Avg. SalaryShow Hourly Rate
£1,510
Bonus
£1,200
Profit Sharing
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The average salary for a Cost Engineer in United Kingdom is £35,554.
10%
£24k
10%
£36k
50%
£51k
90%
90%
MEDIAN £35,554
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United States (change)
Salary
£24k - £51k
Bonus
£596 - £7k
Profit Sharing
£0 - £1k
Total Pay
£25k - £55k

Your Market Worth Over Time

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Job Description for Cost Engineer

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.

Career Paths

Explore the most common career paths for Cost Engineer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Cost Engineer
Project Engineer
Cost Estimator
Senior Cost Engineer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Cost Engineer Job Listings

Popular Skills for Cost Engineer

Skills in Cost Accounting, Microsoft Excel, Data Analysis and Forecasting are correlated to pay that is above average. Skills that pay less than market rate include Project Management.

Pay by Experience Level for Cost Engineer

An entry-level Cost Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £29,890 based on 5 salaries. An early career Cost Engineer with 1-4 years of experience earns an average total compensation of £33,906 based on 41 salaries. A mid-career Cost Engineer with 5-9 years of experience earns an average total compensation of £38,764 based on 25 salaries. An experienced Cost Engineer with 10-19 years of experience earns an average total compensation of £39,144 based on 21 salaries. In their late career (20 years and higher), employees earn an average total compensation of £38,180.
Employees with Cost Engineer in their job title in London, England: London earn an average of 30.0% more than the national average. These job titles also find higher than average salaries in Bristol, England: Bristol (18.1% more) and Manchester, England: Manchester (8.6% more). The lowest salaries can be found in Aberdeen, Scotland: Aberdeen (1.6% less).

Years of Experience

This data is based on 99 survey responses.
Entry Level
5.1%
Early Career
41.4%
Mid Career
25.3%
Experienced
21.2%
Late Career
7.1%