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Cost Estimation Analyst II Salary in the United States

How much does a Cost Estimation Analyst II make in the United States?

As of August 01, 2026, the average salary for a Cost Estimation Analyst II in the United States is $94,904 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:

  • Top Earners (90th percentile): $115,180
  • Majority Range (25th-75th percentile): $86,453 to $105,517
  • Entry-Level (10th percentile): $78,759
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Cost Estimation Analyst II Salaries

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.

How Experience Level Affects Cost Estimation Analyst II Salaries?

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:

  • Cost Estimation Analyst I (0-2 years): $73,983
  • Cost Estimation Analyst II (2-4 years): $94,904
  • Cost Estimation Analyst III (4-7 years): $106,860
  • Cost Estimation Analyst IV (7+ years): $141,701
  • Cost Estimation Analyst V (7-10 years): $167,241
Job Role Years of Experience Average Salary
Cost Estimation Analyst I0-2 years$73,983
Cost Estimation Analyst II2-4 years$94,904
Cost Estimation Analyst III4-7 years$106,860
Cost Estimation Analyst IV7+ years$141,701
Cost Estimation Analyst V7-10 years$167,241
View as Graph

How Do Cost Estimation Analyst IIs Salaries Vary from State to State?

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:
  • District of Columbia: $105,078.
  • California: $104,679.
  • Massachusetts: $103,284.

Top Paying Cities for Cost Estimation Analyst II

Salaries can also vary between different cities. 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 U.S. cities:

  • San Jose: $119,702
  • San Francisco: $118,392
  • Oakland: $115,897

What Skills Can Increase a Cost Estimation Analyst II's Salary?

Demanded Skills for the Role:

  • Project Management (Mentioned in 5.38% Job Postings): Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
  • Quotations (Mentioned in 2.06% Job Postings): A quotation is the repetition of a sentence, phrase, or passage from speech or text that someone has said or written. In oral speech, it is the representation of an utterance that is introduced by a quotative marker, such as a verb of saying.
  • HVAC (Mentioned in 1.11% Job Postings): Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.
Skills Demand Percentage
Project Management 5.38%
Quotations 2.06%
HVAC 1.11%
See More Skills

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 Estimation Analyst II's salary.

  • Consulting: Can increase your salary by up to 5%.
  • Procurement: Can increase your salary by up to 3%.
  • HVAC: Can increase your salary by up to 3%.
Skill Salary Salary % Increase
Consulting $99,649
5%
Procurement $97,751
3%
HVAC $97,751
3%
Get Latest Data

Cost Estimation Analyst II Salary by Company Size: Startups vs. Enterprise

Cost Estimation Analyst II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $106,240. While startup companies pay approximate $89,876.

Cost Estimation Analyst II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $89,876
Growth Stage 51~500 $95,055
Established 501~5000 $102,593
Enterprise 5000+ $106,240

Cost Estimation Analyst II Salary by Industry: Top Paying Sectors

For Cost Estimation Analyst II roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Aerospace & Defense sectors offer the strongest compensation, at 30% above the average. In contrast, Cost Estimation Analyst positions in Financial Services or Biotechnology typically offer lower base pay, as these industries often view Cost Estimation Analyst II as a support function rather than a direct revenue driver.

The top paying industries for a Cost Estimation Analyst II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Energy & Utilities$123,375$59.030%
Aerospace & Defense$118,630$57.025%
MFG Nondurable$115,783$56.022%
Insurance$111,987$54.018%
Business Services$109,140$52.015%

Cost Estimation Analyst II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 August 01, 2026
$86,453
Average $94,904/year
$105,517
$7,204
Average $7,909/month
$8,793
$1,663
Average $1,825/week
$2,029
$42
Average $46/hour
$51
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $105,517 $8,793 $2,029 $51
Average $94,904 $7,909 $1,825 $46
25th Percentile $86,453 $7,204 $1,663 $42

Cost Estimation Analyst II Salary Growth & Career Path

Cost Estimation Analyst II

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Advancement

For 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 $106,860 - a projected growth of 13% over your current level.

Most common benefits for Cost Estimation Analyst II

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Cost Estimation Analyst II

Here are companies hiring for Cost Estimation Analyst II and their salaries, click below for more details.

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FAQ about Cost Estimation Analyst II

1. Where can a Cost Estimation Analyst II earn the most?

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 $119,702.

2. What is the highest pay for Cost Estimation Analyst II?

The highest pay for Cost Estimation Analyst II is $115,180.

3. What is the lowest pay for Cost Estimation Analyst II?

The lowest pay for Cost Estimation Analyst II is $78,759.

4. What are the responsibilities of Cost Estimation Analyst II?

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.

5. What industry pays the highest salary for Cost Estimation Analyst II?

The Energy & Utilities industry offers the highest average compensation for Cost Estimation Analyst II roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

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.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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