As of September 01, 2026, the average salary for a Cost Engineer and Estimator V in New Mexico is $155,000 per year, which breaks down to an hourly rate of $75.
However, a Cost Engineer and Estimator V's salary can vary significantly. Here’s a look at the typical salary range:
Cost Engineer and Estimator V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $177,800 | $14,817 | $3,419 | $85 |
| Average | $155,000 | $12,917 | $2,981 | $75 |
| 25th Percentile | $148,900 | $12,408 | $2,863 | $72 |
A Cost Engineer and Estimator V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Cost Engineer and Estimator V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Cost Engineer and Estimator III | 4-7 years | $98,981 |
| Cost Engineer and Estimator IV | 7+ years | $131,260 |
| Cost Engineer and Estimator V | 7-10 years | $154,928 |
| Project Cost Estimator Lead | 10+ years | $81,631 |
| Technical Project Estimating Senior Supervisor | 10+ years | $115,001 |
Cost Engineer and Estimator V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $173,219. While startup companies pay approximate $146,526.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $146,526 |
| Growth Stage | 51~500 | $154,965 |
| Established | 501~5000 | $167,265 |
| Enterprise | 5000+ | $173,219 |
Understanding how a Cost Engineer and Estimator V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $177,800 | $14,817 | $3,419 | $85 |
| Average | $155,000 | $12,917 | $2,981 | $75 |
| 25th Percentile | $148,900 | $12,408 | $2,863 | $72 |
Next Role
Advancement
For a Cost Engineer and Estimator V, the most direct path to higher earnings is advancing to the Project Cost Estimator Lead role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $81,640 - a projected growth of -47% over your current level.
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Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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