The average salary for a Cost Engineer is $77,794.
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$52k - $115k
$511 - $14k
$200 - $12k
$51k - $126k
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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 c…Read more
Popular Employer Salaries 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.
Pay Difference by Location
Learn more about cost of living by city.
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.
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