How much does a Cost Engineer IV make in Rochester, MN? The average Cost Engineer IV salary in Rochester, MN is $128,527 as of May 28, 2024, but the range typically falls between $109,978 and $142,863. 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. 

Cost Engineer IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Engineer IV Salary $93,089 Rochester,MN May 28, 2024
25th Percentile Cost Engineer IV Salary $109,978 Rochester,MN May 28, 2024
50th Percentile Cost Engineer IV Salary $128,527 Rochester,MN May 28, 2024
75th Percentile Cost Engineer IV Salary $142,863 Rochester,MN May 28, 2024
90th Percentile Cost Engineer IV Salary $155,916 Rochester,MN May 28, 2024
25% $109,978 10% $93,089 90% $155,916 75% $142,863 $128,527 50%(Median) Didn’t find job title? Click
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What skills does a Cost Engineer IV 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.

Construction Accounting: A form of project accounting applied to construction projects. Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play.

3.

Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

Analysis 8.02%
Construction Accounting 2.78%
Health Care 1.54%
Others 87.66%

Job Description for Cost Engineer IV

Cost Engineer IV 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 IV 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 IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Cost Engineer IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Cost Engineer IV in Rochester, MN
  • Position Objective. Provide accurate quotes utilizing the proper resources while challenging what is normal to win new business. Job Description. Estimate,...
    - 5 Days Ago
  • Software Engineer IV (NLU Tooling). Location: Remote. Position Overview. You will get to be part of a team that has real meaningful work that directly impa...
    - 4 Days Ago
  • _What Global Sourcing Operations contributes to Cardinal Health_. Global Sourcing is responsible for creating and managing diverse strategic supplier partn...
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  • Job SummaryThe Cost Control Engineer coordinates inall aspects of the cost capturing, monitoring and forecasting effort for their assigned project with pro...
    - 2 Days Ago
  • software engineer iv.minneapolis , minnesotaposted april 30, 2024job detailssummary$55 - $65 per hourcontractbachelor degreecategory computer and mathemati...
    - 4 Days Ago

Career Path for Cost Engineer IV

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 IV, the first career path typically progresses to Planner/Scheduler V - Construction.

The second career path typically progresses to EHR Project Manager, Sr..

The third career path typically starts with a Project Manager V position, and then progresses to Project Management Supervisor.

Additionally, the fourth career path typically progresses to Program Manager.

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Cost Engineer IV salary varies from city to city. Compared with national average salary of Cost Engineer IV, the highest Cost Engineer IV salary is in San Francisco, CA, where the Cost Engineer IV salary is 25.0% above. The lowest Cost Engineer IV salary is in Miami, FL, where the Cost Engineer IV salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
109978
142863
128527

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
116548
151477
134182
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Engineer IV in Rochester, MN. The base salary for Cost Engineer IV ranges from $109,978 to $142,863 with the average base salary of $128,527. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $116,548 to $151,477 with the average total cash compensation of $134,182.
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109978
142863

 

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About Rochester, Minnesota    Rochester is a city founded in 1854 in the U.S. State of Minnesota and is the county seat of Olmsted County located on the Zumbro River's south fork i....More

Rochester, Minnesota  area prices were up 1.3% from a year ago    View the Cost of Living in Rochester, Minnesota

Cost Engineer IV Salary in popular cities: MinneapolisSaint PaulDuluth

Skills associated with Cost Engineer IV: Project Management Software, Reading Blueprints/Diagrams, Forecasting, Cost Control ...More

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