As of April 01, 2025, the average annual salary for a Cost Engineer III in Newark, NJ is $121,782. Salary.com reports that pay typically ranges from $111,364 to $134,266, with most professionals earning between $101,878 and $145,633.
| 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 under 1 year experience makes about $117,117. With less than 2 years of experience, a mid-level Cost Engineer III makes around $117,894. After 2-4 years, the Cost Engineer III pay rises to about $119,449. Those senior Cost Engineer III with 5-8 years of experience earn roughly $125,508, and those Cost Engineer III having 8 years or more experience are expected to earn about $128,863 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer III | $117,117 |
| Intermediate Level Cost Engineer III | $117,894 |
| Senior Level Cost Engineer III | $119,449 |
| Specialist Level Cost Engineer III | $125,508 |
| Expert Level Cost Engineer III | $128,863 |
| Entry Level | 9% |
| Mid Level | 10% |
| Senior Level | 11% |
| Top Level | 17% |
| Experienced | 20% |
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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
|
$140,049 |
15%
|
|
Prototyping
|
$137,613 |
13%
|
|
Program Management
|
$136,395 |
12%
|
|
Risk Management
|
$135,178 |
11%
|
|
KPI
|
$135,178 |
11%
|
|
Collaboration
|
$133,960 |
10%
|
