As of March 01, 2025, the average annual salary for a Cost Engineer IV in Minnetonka, MN is $137,537. Salary.com reports that pay typically ranges from $128,699 to $147,203, with most professionals earning between $120,653 and $156,003.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $138,740 | $11,562 | $2,668 | $67 |
| Average | $129,630 | $10,803 | $2,493 | $62 |
| 25th Percentile | $121,300 | $10,108 | $2,333 | $58 |
An entry-level Cost Engineer IV with under 1 year experience makes about $132,920. With less than 2 years of experience, a mid-level Cost Engineer IV makes around $133,580. After 2-4 years, the Cost Engineer IV pay rises to about $134,240. Those senior Cost Engineer IV with 5-8 years of experience earn roughly $136,614, and those Cost Engineer IV having 8 years or more experience are expected to earn about $141,144 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer IV | $132,920 |
| Intermediate Level Cost Engineer IV | $133,580 |
| Senior Level Cost Engineer IV | $134,240 |
| Specialist Level Cost Engineer IV | $136,614 |
| Expert Level Cost Engineer IV | $141,144 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 4% |
| Top Level | 5% |
| 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 |
|---|---|---|
|
Injection Molding
|
$167,796 |
22%
|
|
Cost Estimation
|
$156,793 |
14%
|
|
CAD
|
$155,417 |
13%
|
|
Process Improvement
|
$149,916 |
9%
|
|
Consulting
|
$147,165 |
7%
|
|
Collaboration
|
$147,165 |
7%
|
