Average Cost Engineer Salary

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The average salary for a Cost Engineer is $77,794.
MEDIAN $77,794
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United States (change)
$52k - $115k
$511 - $14k
Profit Sharing
$200 - $12k
Total Pay
$51k - $126k

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Job Description for Cost Engineer

The top respondents for the job title Cost Engineer are from the companies Jacobs Engineering Group Inc, General Motors Corporation and M-Tek, Inc.. Reported salaries are highest at Bechtel Corporation where the average pay is $122,000. Other companies that offer high salaries for this role include General Motors Corporation and Jacobs Engineering Group Inc, earning around $104,500 and $99,993, respectively. M-Tek, Inc. pays the lowest at around $41,975. Northrop Grumman Corporation and Bilfinger Berger Services also pay on the lower end of the scale, paying $76,883 and $81,779, respectively.

Cost Engineer Job Listings

Popular Skills for Cost Engineer

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

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 $60,638 based on 71 salaries. An early career Cost Engineer with 1-4 years of experience earns an average total compensation of $67,292 based on 186 salaries. A mid-career Cost Engineer with 5-9 years of experience earns an average total compensation of $81,646 based on 131 salaries. An experienced Cost Engineer with 10-19 years of experience earns an average total compensation of $97,689 based on 96 salaries. In their late career (20 years and higher), employees earn an average total compensation of $105,152.
Employees with Cost Engineer in their job title in Houston, Texas earn an average of 21.9% more than the national average. These job titles also find higher than average salaries in San Francisco, California (18.9% more) and Detroit, Michigan (14.4% more). The lowest salaries can be found in Washington, District of Columbia (10.0% less) and Los Angeles, California (2.9% less).

Years of Experience

This data is based on 525 survey responses.
Entry Level
Early Career
Mid Career
Late Career