As of March 01, 2025, the average annual salary for a Cost Engineer V in Minneapolis, MN is $163,803. According to Salary.com, salaries can range from a low of $126,234 to a high of $204,672, with most professionals earning between $144,138 and $185,195.
| 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 $153,854. With less than 2 years of experience, a mid-level Cost Engineer V makes around $155,303. After 2-4 years, the Cost Engineer V pay rises to about $155,882. Those senior Cost Engineer V with 5-8 years of experience earn roughly $158,780, and those Cost Engineer V having 8 years or more experience are expected to earn about $161,099 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer V | $153,854 |
| Intermediate Level Cost Engineer V | $155,303 |
| Senior Level Cost Engineer V | $155,882 |
| Specialist Level Cost Engineer V | $158,780 |
| Expert Level Cost Engineer V | $161,099 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 3% |
| Experienced | 4% |
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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
|
$203,115 |
24%
|
|
Process Improvement
|
$185,097 |
13%
|
|
ERP Systems
|
$185,097 |
13%
|
|
Alignment
|
$183,459 |
12%
|
|
Risk Management
|
$183,459 |
12%
|
|
Program Management
|
$176,907 |
8%
|
