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Cost Engineer V Salary in Hernando, FL

What is the salary range of a Cost Engineer V?

As of November 01, 2025, the average salary for a Cost Engineer V in Hernando, FL is $139,622 per year, which breaks down to an hourly rate of $67.

However, a Cost Engineer V's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $147,976
  • Majority Range (25th-75th percentile): $132,646 to $143,995
  • Entry-Level (10th percentile): $126,295
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View as table View as graph 25% $132,646 10% $126,295 90% $147,976 75% $143,995 $139,622 50%(Median) Didn’t find job title? Click

Cost Engineer V Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $143,995 $12,000 $2,769 $69
Average $139,622 $11,635 $2,685 $67
25th Percentile $132,646 $11,054 $2,551 $64
Check out Cost Engineer V Job Openings in Hernando, FL
Principal Engineer Systems

Northrop Grumman - Melbourne, FL

Lead Systems Engineer

L3Harris Technologies - Palm Bay, FL

Sr Principal Engineer Systems

Northrop Grumman - Melbourne, FL

Cost Engineer

Middlesex co - Fort Myers, FL

Search More Cost Engineer V Jobs in Hernando, FL

Key Factors That Influence Cost Engineer V Salaries

A Cost Engineer V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.

How Experience Level Affects Cost Engineer V Salaries?

Experience is a primary driver of a Cost Engineer V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $136,774
  • Early Career (1-2 years): $137,300
  • Mid-Level (2-4 years): $137,510
  • Senior-Level (5-8 years): $138,561
  • Expert (over 8 years): $139,402
Levels Salary
Entry Level Cost Engineer V $136,774
Intermediate Level Cost Engineer V $137,300
Senior Level Cost Engineer V $137,510
Specialist Level Cost Engineer V $138,561
Expert Level Cost Engineer V $139,402
$136,774 0 yr
$137,300 < 2 yrs
$137,510 2-4 yrs
$138,561 5-8 yrs
$139,402 > 8 yrs
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What Am I Worth?

Top Paying Cities for Cost Engineer Vs

Salaries can also vary between different cities, even within the same state. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different Florida cities:

  • Boynton Beach: $151,287
  • Lake Worth: $150,976
  • Greenacres: $150,914

What Skills Can Increase a Cost Engineer V's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 8.58% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Construction Accounting (Mentioned in 2.97% Job Postings): 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.
  • KPI (Mentioned in 1.98% Job Postings): KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective.
See More Skills
Skills Demand Percentage
Analysis 8.58%
Construction Accounting 2.97%
KPI 1.98%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Cost Engineer V's salary.
  • MRP: Can increase your salary by up to 24%.
  • Process Improvement: Can increase your salary by up to 13%.
  • ERP Systems: Can increase your salary by up to 13%.
Skill Salary Salary % Increase
MRP
$173,131
24%
Process Improvement
$157,772
13%
ERP Systems
$157,772
13%
Alignment
$156,376
12%
Risk Management
$156,376
12%
Program Management
$150,791
8%
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Cost Engineer V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Cost Engineer V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on November 01, 2025

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Cost of Living In Hernando, FL

Cost of Living in Hernando, FL is
0.7% Higher
than the National Average

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