How much does a Cost Engineer I make in the United States? The average Cost Engineer I salary in the United States is $70,244 as of February 26, 2024, but the range typically falls between $63,797 and $78,652. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Cost Engineer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Engineer I Salary $57,927 US February 26, 2024
25th Percentile Cost Engineer I Salary $63,797 US February 26, 2024
50th Percentile Cost Engineer I Salary $70,244 US February 26, 2024
75th Percentile Cost Engineer I Salary $78,652 US February 26, 2024
90th Percentile Cost Engineer I Salary $86,307 US February 26, 2024
25% $63,797 10% $57,927 90% $86,307 75% $78,652 $70,244 50%(Median) Didn’t find job title? Click
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What skills does a Cost Engineer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Quotations: A quotation is the repetition of a sentence, phrase, or passage from speech or text that someone has said or written. In oral speech, it is the representation of an utterance that is introduced by a quotative marker, such as a verb of saying.

3.

Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.

Analysis 9.33%
Quotations 2.85%
Procurement 1.27%
Others 86.55%

Job Description for Cost Engineer I

Cost Engineer I develops and implements cost control procedures, documents, and tools to support and enhance project budget management. Collects and coordinates procurement and other cost information used to develop cost forecasting, cost control strategies, and project risk analysis. Being a Cost Engineer I performs data analysis to identify project trends and budget deviations and highlight cost underruns and overruns. Has extensive technical knowledge of processes and materials specific to the type of project. Additionally, Cost Engineer I experienced with the cost-estimating methods best suited to the nature of the project. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Cost Engineer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Cost Engineer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Cost Engineer I

Career Path for Cost Engineer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Cost Engineer I, the first career path typically starts with a Planner/Scheduler II - Construction position, and then Planner/Scheduler IV - Construction.

The second career path typically starts with an EHR Project Manager position, and then progresses to EHR Project Manager, Sr..

The third career path typically starts with a Project Manager II position, and then progresses to Project Manager IV.

Additionally, the fourth career path typically starts with a Program Supervisor position, and then progresses to Program Manager.

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Cost Engineer I salary varies from city to city. Compared with national average salary of Cost Engineer I, the highest Cost Engineer I salary is in San Francisco, CA, where the Cost Engineer I salary is 25.0% above. The lowest Cost Engineer I salary is in Miami, FL, where the Cost Engineer I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Step 1 of 3

Understand the total compensation opportunity for a Cost Engineer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
63797
78652
70244

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65569
81979
73467
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Engineer I in the United States. The base salary for Cost Engineer I ranges from $63,797 to $78,652 with the average base salary of $70,244. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,569 to $81,979 with the average total cash compensation of $73,467.
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63797
78652

 

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Skills associated with Cost Engineer I: Construction Estimating, Reading Blueprints/Diagrams, Cost Analysis, Construction Estimating Software ...More

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Cost Engineer I Salary in United States
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