Cost Engineer Salary

Cost Engineers in the United States earn an average of $77K annually; salaries are particularly strong in Bloomfield, where workers earn around $150K. Cost Engineers can also look forward to large paychecks in cities like Chicago (+40 percent), Seattle (+27 percent), Baton Rouge (+25 percent), and San Francisco (+25 percent). The data in this summary comes from the PayScale salary survey.

$55,039 - $114,965
$55K
$79K
$110K
MEDIAN: $79,017
10%
50%
90%

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$18.71 - $63.02
$19
$40
$63
MEDIAN: $40.37
10%
50%
90%

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$0$124K
Salary $55,039 - $114,965
Bonus $0.00 - $13,685
Profit Sharing $-0.50 - $33,935
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).
)
$52,535 - $124,932
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 198
Hourly Data $0$99
Hourly Rate $18.71 - $63.02
Overtime $23.15 - $99.33
Annual Data $0$124K
Bonus $0.00 - $13,685
Profit Sharing $-0.50 - $33,935
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).
)
$52,535 - $124,932
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

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 deep cut in pay as they move into an upper-level role like Cost Estimator. That position usually brings in $49K.

Cost Engineer Job Listings

Popular Employer Salaries for Cost Engineer


Although Bechtel Corporation boasts the highest average salary in town at $101K, employee compensation still varies greatly — workers can make as little as $72K or as much as $151K.

Popular Skills for Cost Engineer


Cost Engineers report using a diverse set of skills 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 6 percent. Skills that seem to negatively impact pay include Construction Estimating. It is often found that people who know Microsoft Excel are also skilled in Project Management and Financial Analysis. Most people skilled in Data Analysis are similarly competent in Financial Analysis and Project Management.

Pay by Experience Level for Cost Engineer

Pay by Experience for a Cost Engineer has a positive trend. An entry-level Cost Engineer with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 122 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 81 salaries. An experienced Cost Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $98,000 based on 60 salaries. A Cost Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 21 salaries.

Pay Difference by Location

National Average: $81,401

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Cost Engineer

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
4%
1-4 years
38%
5-9 years
25%
10-19 years
21%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Engineer Salaries

▲20%

▲19%

▲2%

National Average
$81,000

▼19%

Skills That Affect Cost Engineer Salaries





National Average
$81,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
25%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 83%
vision benefits
Vision: 74%
no benefits
None: 9%
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