How much does a Cost Estimation Engineer II make in the United States? The average Cost Estimation Engineer II salary in the United States is $83,731 as of June 27, 2024, but the range typically falls between $74,031 and $96,174. 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 II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer II Salary $65,200 US June 27, 2024
25th Percentile Cost Estimation Engineer II Salary $74,031 US June 27, 2024
50th Percentile Cost Estimation Engineer II Salary $83,731 US June 27, 2024
75th Percentile Cost Estimation Engineer II Salary $96,174 US June 27, 2024
90th Percentile Cost Estimation Engineer II Salary $107,503 US June 27, 2024
25% $74,031 10% $65,200 90% $107,503 75% $96,174 $83,731 50%(Median) Didn’t find job title? Click
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What skills does a Cost Estimation Engineer II 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.

HVAC: Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.

Project Management 4.98%
Value Engineering 1.65%
HVAC 1.03%
Others 92.34%
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Job Description for Cost Estimation Engineer II

Cost Estimation Engineer 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. Being a Cost Estimation Engineer II 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 II coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Cost Estimation Engineer II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Cost Estimation Engineer II
  • Summary. The Staff Accountant II provides various accounting functions including journal entries, account analysis and review. This position assists Depart...
    - 2 Months Ago
  • Requisition ID: 38196. Job Location(s). Milwaukee, WI, US. Job Description. The primary role of the Test Engineer involves the design, build, implementatio...
    - 3 Months Ago
  • Requisition ID: 39064. Job Location(s). Milwaukee, WI, US. Job Description. Danfoss engineers products and technologies that enable the world of tomorrow t...
    - 1 Month Ago
  • Accountant Level II. Families and Youth Innovation Plus is hiring a full-time Accountant Level II. The Accountant II is responsible for the fundamental asp...
    - 2 Months Ago
  • Dominion Energy is committed to providing reliable, affordable, and increasingly clean energy that powers our customers every day. If you want to work for ...
    - 4 Days Ago

Career Path for Cost Estimation Engineer II

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

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

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

Average Base Salary

Core compensation

 
 
 
74031
96174
83731

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
75674
100551
85939
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer II in the United States. The base salary for Cost Estimation Engineer II ranges from $74,031 to $96,174 with the average base salary of $83,731. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $75,674 to $100,551 with the average total cash compensation of $85,939.
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74031
96174

 

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Skills associated with Cost Estimation Engineer II: Make To Order, Spreadsheet advanced, Material Requirements Planning, Construction Estimating ...More

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