As of April 01, 2025, the average annual salary for a Cost Engineer V in Union, NJ is $171,332. According to Salary.com, salaries can range from a low of $147,396 to a high of $204,239, with most professionals earning between $158,803 and $188,557.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $166,511 | $13,876 | $3,202 | $80 |
| Average | $151,300 | $12,608 | $2,910 | $73 |
| 25th Percentile | $140,236 | $11,686 | $2,697 | $67 |
An entry-level Cost Engineer V with under 1 year experience makes about $166,283. With less than 2 years of experience, a mid-level Cost Engineer V makes around $167,218. After 2-4 years, the Cost Engineer V pay rises to about $167,592. Those senior Cost Engineer V with 5-8 years of experience earn roughly $169,462, and those Cost Engineer V having 8 years or more experience are expected to earn about $170,958 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Engineer V | $166,283 |
| Intermediate Level Cost Engineer V | $167,218 |
| Senior Level Cost Engineer V | $167,592 |
| Specialist Level Cost Engineer V | $169,462 |
| Expert Level Cost Engineer V | $170,958 |
| Entry Level | 10% |
| Mid Level | 11% |
| Senior Level | 11% |
| Top Level | 12% |
| Experienced | 13% |
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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
|
$212,452 |
24%
|
|
Process Improvement
|
$193,605 |
13%
|
|
ERP Systems
|
$193,605 |
13%
|
|
Alignment
|
$191,892 |
12%
|
|
Risk Management
|
$191,892 |
12%
|
|
Program Management
|
$185,039 |
8%
|
