The salary of a Cost Estimation Engineer V in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of April 01, 2025, the average annual salary for a Cost Estimation Engineer V in the United States is $146,195. Salary.com reports that pay typically ranges from $138,214 to $161,247, with most professionals earning between $130,948 and $174,951.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $161,247 | $13,437 | $3,101 | $78 |
| Average | $146,195 | $12,183 | $2,811 | $70 |
| 25th Percentile | $138,214 | $11,518 | $2,658 | $66 |
An entry-level Cost Estimation Engineer V with less than 1 year of experience earns about $142,979. With 1-2 years of experience, the average salary increases to $143,574. For 2-4 years of experience, the pay typically rises to $143,813. Senior-level professionals with 5-8 years of experience earn around $145,004, and those with over 8 years of experience can expect an average of $145,957.
| Levels | Salary |
|---|---|
| Entry Level Cost Estimation Engineer V | $142,979 |
| Intermediate Level Cost Estimation Engineer V | $143,574 |
| Senior Level Cost Estimation Engineer V | $143,813 |
| Specialist Level Cost Estimation Engineer V | $145,004 |
| Expert Level Cost Estimation Engineer V | $145,957 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Cost Estimation Engineer V compensation over the past six years. For example, the median salary increased from $149,000 in 2023 to approximately $147,058 in 2024. (For a detailed analysis of Cost Estimation Engineer V salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Cost Estimation Engineer V information for you to search for. Click on search button below to see Cost Estimation Engineer V job openings or enter a new job title here.
Here are companies hiring for Cost Estimation Engineer V and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $146,195 | 72.8% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,184 | 5.6% | ||
| 401K/403B | $6,140 | 3.1% | ||
| Disability | $2,924 | 1.5% | ||
| Healthcare | $8,352 | 4.2% | ||
| Pension | $7,895 | 3.9% | ||
| Time Off | $17,993 | 9.0% | ||
| Total Compensation | $200,683 | 100% | ||
The average annual salary of Cost Estimation Engineer V is $146,195. In case you are finding an easy salary calculator, the average hourly pay of Cost Estimation Engineer V is $70; the average weekly pay of Cost Estimation Engineer V is $2,811; the average monthly pay of Cost Estimation Engineer V is $12,183.
A Cost Estimation Engineer V'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 Engineer V earns the most in San Jose, CA, where the annual salary of a Cost Estimation Engineer V is $184,396.
The highest pay for Cost Estimation Engineer V is $174,951.
The lowest pay for Cost Estimation Engineer V is $130,948.
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. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ 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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
