How much does a Cost Estimation Engineer I make in the United States? The average Cost Estimation Engineer I salary in the United States is $70,902 as of May 28, 2024, but the range typically falls between $63,981 and $80,378. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Cost Estimation Engineer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer I Salary $57,679 US May 28, 2024
25th Percentile Cost Estimation Engineer I Salary $63,981 US May 28, 2024
50th Percentile Cost Estimation Engineer I Salary $70,902 US May 28, 2024
75th Percentile Cost Estimation Engineer I Salary $80,378 US May 28, 2024
90th Percentile Cost Estimation Engineer I Salary $89,006 US May 28, 2024
25% $63,981 10% $57,679 90% $89,006 75% $80,378 $70,902 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a Cost Estimation Engineer I need?

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.

1.

Project Management: 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.

2.

Value Engineering: Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The term "value management" is sometimes used as a synonym of "value engineering", and both promote the planning and delivery of projects with improved performance The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections.

3.

AutoCAD: AutoCAD is a commercial computer-aided design and drafting software application. Developed and marketed by Autodesk, AutoCAD was first released in December 1982 as a desktop app running on microcomputers with internal graphics controllers.

Project Management 6%
Value Engineering 1.5%
AutoCAD 1.17%
Others 91.33%
download asset banner
Download Our Latest Whitepapers as Your Business Guide
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Job Description for Cost Estimation Engineer I

Cost Estimation Engineer I 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. Being a Cost Estimation Engineer I 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. Additionally, Cost Estimation Engineer I coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Cost Estimation Engineer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Cost Estimation Engineer I.

Salary.com job board provides millions of Cost Estimation Engineer I information for you to search for. Click on search button below to see Cost Estimation Engineer I job openings or enter a new job title here.

Job Openings for Cost Estimation Engineer I

Career Path for Cost Estimation Engineer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Cost Estimation Engineer I, the upper level is Cost Estimation Engineer II and then progresses to Cost Estimation Engineer IV.

Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Cost Estimation Engineer I

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Cost Estimation Engineer I salary varies from city to city. Compared with national average salary of Cost Estimation Engineer I, the highest Cost Estimation Engineer I salary is in San Francisco, CA, where the Cost Estimation Engineer I salary is 25.0% above. The lowest Cost Estimation Engineer I salary is in Miami, FL, where the Cost Estimation Engineer I salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Cost Estimation Engineer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
63981
80378
70902

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65245
83731
72678
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer I in the United States. The base salary for Cost Estimation Engineer I ranges from $63,981 to $80,378 with the average base salary of $70,902. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,245 to $83,731 with the average total cash compensation of $72,678.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

63981
80378

 

Step 3 of 3

How much should you be paid?

View the Cost of Living in Major Cities

Skills associated with Cost Estimation Engineer I: Cost Analysis, Manufacturing Fabrication, Specification Review, Project Estimation ...More

Recently searched related titles: Hedging Analyst, Junior Business Consultant, Publishing Operations Manager

Jobs with a similar salary range to Cost Estimation Engineer I : Estimating Administrator, Estimation Engineer, Project Estimating Engineer, Cost Engineer, Estimator

Salary estimation for Cost Estimation Engineer I at companies like : ESG Engineering, Empyreal Holdings LLC, eRobot Robotic Store

Jobs with a similar salary range to Cost Estimation Engineer I : Regional Bank Private Banker, Public Health Epidemiologist, Learning And Development Executive

Cost Estimation Engineer I Salary in United States
Cost Estimation Engineer I Salary Graph, Regional Distribution and Summary