As of February 01, 2025, the average annual salary for a Cost Engineer and Estimator III in Ann Arbor, MI is $109,000. Salary.com reports that pay typically ranges from $95,900 to $125,800, with most professionals earning between $83,973 and $141,096.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $125,800 | $10,483 | $2,419 | $60 |
| Average | $109,000 | $9,083 | $2,096 | $52 |
| 25th Percentile | $95,900 | $7,992 | $1,844 | $46 |
An entry-level Cost Engineer and Estimator III with under 1 year experience makes about $102,044. With less than 2 years of experience, a mid-level Cost Engineer and Estimator III makes around $103,009. After 2-4 years, the Cost Engineer and Estimator III pay rises to about $104,938. Those senior Cost Engineer and Estimator III with 5-8 years of experience earn roughly $110,810, and those Cost Engineer and Estimator III having 8 years or more experience are expected to earn about $116,515 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer and Estimator III | $102,044 |
| Intermediate Level Cost Engineer and Estimator III | $103,009 |
| Senior Level Cost Engineer and Estimator III | $104,938 |
| Specialist Level Cost Engineer and Estimator III | $110,810 |
| Expert Level Cost Engineer and Estimator III | $116,515 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 7% |
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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.
Experimenting: a test or investigation, esp one planned to provide evidence for or against a hypothesis: a scientific experiment.
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.
New Product Development: In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The product can be tangible (something physical which one can touch) or intangible (like a service, experience, or belief), though sometimes services and other processes are distinguished from "products." NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main variables that drive customer needs. Aiming at these three variables, innovative companies develop continuous practices and strategies to better satisfy customer requirements and to increase their own market share by a regular development of new products. There are many uncertainties and challenges which companies must face throughout the process. The use of best practices and the elimination of barriers to communication are the main concerns for the management of the NPD .[citation needed]
| Skill | Salary | Demand |
|---|---|---|
|
Product Development
|
$123,170 |
13%
|
|
Injection Molding
|
$116,630 |
7%
|
|
Injection Molding
|
$116,630 |
7%
|
|
Injection Molding
|
$116,630 |
7%
|
|
Injection Molding
|
$116,630 |
7%
|
