The salary of a Cost Engineer III in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of April 01, 2025, the average annual salary for a Cost Engineer III in the United States is $107,543. Salary.com reports that pay typically ranges from $98,343 to $118,568, with most professionals earning between $89,967 and $128,606.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,568 | $9,881 | $2,280 | $57 |
| Average | $107,543 | $8,962 | $2,068 | $52 |
| 25th Percentile | $98,343 | $8,195 | $1,891 | $47 |
An entry-level Cost Engineer III with less than 1 year of experience earns about $103,424. With 1-2 years of experience, the average salary increases to $104,110. For 2-4 years of experience, the pay typically rises to $105,483. Senior-level professionals with 5-8 years of experience earn around $110,834, and those with over 8 years of experience can expect an average of $113,796.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer III | $103,424 |
| Intermediate Level Cost Engineer III | $104,110 |
| Senior Level Cost Engineer III | $105,483 |
| Specialist Level Cost Engineer III | $110,834 |
| Expert Level Cost Engineer III | $113,796 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 6% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Cost Engineer III compensation over the past six years. For example, the median salary increased from $102,736 in 2023 to approximately $102,515 in 2024. (For a detailed analysis of Cost Engineer III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Cost Engineer III information for you to search for. Click on search button below to see Cost Engineer III job openings or enter a new job title here.
Here are companies hiring for Cost Engineer III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $107,543 | 71.8% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $8,227 | 5.5% | ||
| 401K/403B | $4,517 | 3.0% | ||
| Disability | $2,151 | 1.4% | ||
| Healthcare | $8,352 | 5.6% | ||
| Pension | $5,807 | 3.9% | ||
| Time Off | $13,236 | 8.8% | ||
| Total Compensation | $149,833 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.8% |
| High School | 8.3% |
| Associates | 5.6% |
| Bachelors | 58.3% |
| Masters | 25.0% |
What Am I Worth?
The average annual salary of Cost Engineer III is $107,543. In case you are finding an easy salary calculator, the average hourly pay of Cost Engineer III is $52; the average weekly pay of Cost Engineer III is $2,068; the average monthly pay of Cost Engineer III is $8,962.
A Cost Engineer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Cost Engineer III earns the most in San Jose, CA, where the annual salary of a Cost Engineer III is $135,644.
The highest pay for Cost Engineer III is $128,606.
The lowest pay for Cost Engineer III is $89,967.
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. 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. 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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