As of April 01, 2025, the average annual salary for a Cost Engineer III in Waterford, MI is $106,245. Salary.com reports that pay typically ranges from $94,035 to $118,590, with most professionals earning between $82,919 and $129,829.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $119,270 | $9,939 | $2,294 | $57 |
| Average | $106,854 | $8,905 | $2,055 | $51 |
| 25th Percentile | $94,574 | $7,881 | $1,819 | $45 |
An entry-level Cost Engineer III with under 1 year experience makes about $99,968. With less than 2 years of experience, a mid-level Cost Engineer III makes around $100,900. After 2-4 years, the Cost Engineer III pay rises to about $102,765. Those senior Cost Engineer III with 5-8 years of experience earn roughly $109,323, and those Cost Engineer III having 8 years or more experience are expected to earn about $112,708 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer III | $99,968 |
| Intermediate Level Cost Engineer III | $100,900 |
| Senior Level Cost Engineer III | $102,765 |
| Specialist Level Cost Engineer III | $109,323 |
| Expert Level Cost Engineer III | $112,708 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 5% |
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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
|
$122,182 |
15%
|
|
Prototyping
|
$120,057 |
13%
|
|
Program Management
|
$118,995 |
12%
|
|
Risk Management
|
$117,932 |
11%
|
|
KPI
|
$117,932 |
11%
|
|
Collaboration
|
$116,870 |
10%
|
