As of April 01, 2025, the average annual salary for a Cost Engineer II in Wayne, NJ is $97,532. Salary.com reports that pay typically ranges from $89,972 to $110,285, with most professionals earning between $83,089 and $121,896.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $96,538 | $8,045 | $1,857 | $46 |
| Average | $85,375 | $7,115 | $1,642 | $41 |
| 25th Percentile | $78,757 | $6,563 | $1,515 | $38 |
An entry-level Cost Engineer II with under 1 year experience makes about $95,050. With less than 2 years of experience, a mid-level Cost Engineer II makes around $95,276. After 2-4 years, the Cost Engineer II pay rises to about $98,484. Those senior Cost Engineer II with 5-8 years of experience earn roughly $103,814, and those Cost Engineer II having 8 years or more experience are expected to earn about $104,194 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer II | $95,050 |
| Intermediate Level Cost Engineer II | $95,276 |
| Senior Level Cost Engineer II | $98,484 |
| Specialist Level Cost Engineer II | $103,814 |
| Expert Level Cost Engineer II | $104,194 |
| Entry Level | 11% |
| Mid Level | 12% |
| Senior Level | 15% |
| Top Level | 22% |
| Experienced | 22% |
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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
|
$140,447 |
44%
|
|
Gathering Information
|
$115,088 |
18%
|
|
Cost Estimation
|
$107,286 |
10%
|
|
Consultancy
|
$106,310 |
9%
|
|
Budgeting
|
$105,335 |
8%
|
|
Alignment
|
$103,384 |
6%
|
