As of January 01, 2025, the average annual salary for a Cost Engineer III in Ellicott City, MD is $109,851. Salary.com reports that pay typically ranges from $96,852 to $122,963, with most professionals earning between $85,018 and $134,901.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $119,730 | $9,978 | $2,303 | $58 |
| Average | $106,963 | $8,914 | $2,057 | $51 |
| 25th Percentile | $94,306 | $7,859 | $1,814 | $45 |
An entry-level Cost Engineer III with under 1 year experience makes about $103,256. With less than 2 years of experience, a mid-level Cost Engineer III makes around $104,219. After 2-4 years, the Cost Engineer III pay rises to about $106,145. Those senior Cost Engineer III with 5-8 years of experience earn roughly $112,918, and those Cost Engineer III having 8 years or more experience are expected to earn about $116,414 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer III | $103,256 |
| Intermediate Level Cost Engineer III | $104,219 |
| Senior Level Cost Engineer III | $106,145 |
| Specialist Level Cost Engineer III | $112,918 |
| Expert Level Cost Engineer III | $116,414 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 6% |
| Experienced | 9% |
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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 |
|---|---|---|
|
ERP Systems
|
$126,328 |
15%
|
|
Prototyping
|
$124,131 |
13%
|
|
Program Management
|
$123,033 |
12%
|
|
Risk Management
|
$121,934 |
11%
|
|
KPI
|
$121,934 |
11%
|
|
Collaboration
|
$120,836 |
10%
|
