As of April 01, 2025, the average annual salary for a Cost Engineer III in Hoffman Estates, IL is $110,178. Salary.com reports that pay typically ranges from $100,752 to $121,473, with most professionals earning between $92,171 and $131,757.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $121,473 | $10,123 | $2,336 | $58 |
| Average | $110,178 | $9,181 | $2,119 | $53 |
| 25th Percentile | $100,752 | $8,396 | $1,938 | $48 |
An entry-level Cost Engineer III with under 1 year experience makes about $105,957. With less than 2 years of experience, a mid-level Cost Engineer III makes around $106,661. After 2-4 years, the Cost Engineer III pay rises to about $108,068. Those senior Cost Engineer III with 5-8 years of experience earn roughly $113,549, and those Cost Engineer III having 8 years or more experience are expected to earn about $116,584 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer III | $105,957 |
| Intermediate Level Cost Engineer III | $106,661 |
| Senior Level Cost Engineer III | $108,068 |
| Specialist Level Cost Engineer III | $113,549 |
| Expert Level Cost Engineer III | $116,584 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 0% |
| Top Level | 6% |
| Experienced | 8% |
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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
|
$126,704 |
15%
|
|
Prototyping
|
$124,501 |
13%
|
|
Program Management
|
$123,399 |
12%
|
|
Risk Management
|
$122,297 |
11%
|
|
KPI
|
$122,297 |
11%
|
|
Collaboration
|
$121,196 |
10%
|
