As of March 01, 2025, the average annual salary for a Cost Engineer V in Knoxville, TN is $141,571. According to Salary.com, salaries can range from a low of $109,101 to a high of $176,893, with most professionals earning between $124,575 and $160,060.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $174,548 | $14,546 | $3,357 | $84 |
| Average | $154,385 | $12,865 | $2,969 | $74 |
| 25th Percentile | $135,851 | $11,321 | $2,613 | $65 |
An entry-level Cost Engineer V with under 1 year experience makes about $132,973. With less than 2 years of experience, a mid-level Cost Engineer V makes around $134,225. After 2-4 years, the Cost Engineer V pay rises to about $134,726. Those senior Cost Engineer V with 5-8 years of experience earn roughly $137,231, and those Cost Engineer V having 8 years or more experience are expected to earn about $139,234 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer V | $132,973 |
| Intermediate Level Cost Engineer V | $134,225 |
| Senior Level Cost Engineer V | $134,726 |
| Specialist Level Cost Engineer V | $137,231 |
| Expert Level Cost Engineer V | $139,234 |
| Entry Level | 14% |
| Mid Level | 13% |
| Senior Level | 13% |
| Top Level | 11% |
| Experienced | 10% |
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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
|
$175,548 |
24%
|
|
Process Improvement
|
$159,975 |
13%
|
|
ERP Systems
|
$159,975 |
13%
|
|
Alignment
|
$158,560 |
12%
|
|
Risk Management
|
$158,560 |
12%
|
|
Program Management
|
$152,897 |
8%
|
