As of May 01, 2025, the average annual salary for a Cost Engineer V in Detroit, MI is $151,315. According to Salary.com, salaries can range from a low of $130,176 to a high of $180,378, with most professionals earning between $140,250 and $166,528.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $166,528 | $13,877 | $3,202 | $80 |
| Average | $151,315 | $12,610 | $2,910 | $73 |
| 25th Percentile | $140,250 | $11,688 | $2,697 | $67 |
An entry-level Cost Engineer V with under 1 year experience makes about $146,856. With less than 2 years of experience, a mid-level Cost Engineer V makes around $147,682. After 2-4 years, the Cost Engineer V pay rises to about $148,012. Those senior Cost Engineer V with 5-8 years of experience earn roughly $149,664, and those Cost Engineer V having 8 years or more experience are expected to earn about $150,985 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer V | $146,856 |
| Intermediate Level Cost Engineer V | $147,682 |
| Senior Level Cost Engineer V | $148,012 |
| Specialist Level Cost Engineer V | $149,664 |
| Expert Level Cost Engineer V | $150,985 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 0% |
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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 |
|---|---|---|
|
MRP
|
$187,631 |
24%
|
|
Process Improvement
|
$170,986 |
13%
|
|
ERP Systems
|
$170,986 |
13%
|
|
Alignment
|
$169,473 |
12%
|
|
Risk Management
|
$169,473 |
12%
|
|
Program Management
|
$163,420 |
8%
|
