As of April 01, 2026, the average salary for a Cost Estimation Analyst II in the United States is $94,860 per year, which breaks down to an hourly rate of $46.
However, a Cost Estimation Analyst II's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Estimation Analyst II'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 and company size can directly affect your earning potential.
Experience is a primary driver of a Cost Estimation Analyst II'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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Cost Estimation Analyst I | 0-2 years | $73,975 |
| Cost Estimation Analyst II | 2-4 years | $94,860 |
| Cost Estimation Analyst III | 4-7 years | $106,827 |
| Cost Estimation Analyst IV | 7+ years | $141,628 |
| Cost Estimation Analyst V | 7-10 years | $167,113 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Cost Estimation Analyst IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Project Management | 5.38% |
| Quotations | 2.06% |
| HVAC | 1.11% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Consulting
|
$99,603 |
5%
|
|
Procurement
|
$97,706 |
3%
|
|
HVAC
|
$97,706 |
3%
|
|
RFP
|
$97,706 |
3%
|
|
Coordination
|
$96,757 |
2%
|
|
Integrity
|
$96,757 |
2%
|
Understanding how a Cost Estimation Analyst II'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 April 01, 2026For a Cost Estimation Analyst II, the most direct path to higher earnings is advancing to the Cost Estimation Analyst III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $106,827 - a projected growth of 13% over your current level.
Salaries for a Cost Estimation Analyst II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $80,951 in 2023 to around $80,811 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Cost Estimation Analyst II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $80,951 |
| 2024 | $81,090 |
| 2025 | $80,811 |
| 2026 |
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|
| 2027 |
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|
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Ready to take the next step in your career? Browse thousands of current Cost Estimation Analyst II job openings on our job board. Use the search bar below to find your perfect match.
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A Cost Estimation Analyst II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Cost Estimation Analyst II earns the most in San Jose, CA, where the annual salary of a Cost Estimation Analyst II is $119,647.
The highest pay for Cost Estimation Analyst II is $115,132.
The lowest pay for Cost Estimation Analyst II is $78,677.
Estimates costs for construction, engineering, manufacturing, or other implementation projects based on an analysis of project technical requirements. Collects data and analyzes all project costs, including raw materials, labor, equipment and tooling to ensure estimates are accurate. Identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs. Updates costs as necessary based on new information and project scope changes. Coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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