As of April 01, 2025, the average annual salary for a Cost Engineer II in Chesapeake, VA is $83,935. Salary.com reports that pay typically ranges from $74,763 to $95,671, with most professionals earning between $66,412 and $106,357.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $102,126 | $8,510 | $1,964 | $49 |
| Average | $89,598 | $7,466 | $1,723 | $43 |
| 25th Percentile | $79,806 | $6,651 | $1,535 | $38 |
An entry-level Cost Engineer II with under 1 year experience makes about $80,403. With less than 2 years of experience, a mid-level Cost Engineer II makes around $80,693. After 2-4 years, the Cost Engineer II pay rises to about $84,555. Those senior Cost Engineer II with 5-8 years of experience earn roughly $89,971, and those Cost Engineer II having 8 years or more experience are expected to earn about $90,358 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer II | $80,403 |
| Intermediate Level Cost Engineer II | $80,693 |
| Senior Level Cost Engineer II | $84,555 |
| Specialist Level Cost Engineer II | $89,971 |
| Expert Level Cost Engineer II | $90,358 |
| Entry Level | 10% |
| Mid Level | 10% |
| Senior Level | 6% |
| Top Level | 0% |
| Experienced | 1% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Creative Thinking
|
$120,866 |
44%
|
|
Gathering Information
|
$99,043 |
18%
|
|
Cost Estimation
|
$92,328 |
10%
|
|
Consultancy
|
$91,489 |
9%
|
|
Budgeting
|
$90,650 |
8%
|
|
Alignment
|
$88,971 |
6%
|
