How much does a Cost Estimation Engineer V make in the United States? The average Cost Estimation Engineer V salary in the United States is $162,716 as of February 26, 2024, but the range typically falls between $142,169 and $181,604. 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 V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer V Salary $123,462 US February 26, 2024
25th Percentile Cost Estimation Engineer V Salary $142,169 US February 26, 2024
50th Percentile Cost Estimation Engineer V Salary $162,716 US February 26, 2024
75th Percentile Cost Estimation Engineer V Salary $181,604 US February 26, 2024
90th Percentile Cost Estimation Engineer V Salary $198,800 US February 26, 2024
25% $142,169 10% $123,462 90% $198,800 75% $181,604 $162,716 50%(Median) Didn’t find job title? Click
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Job Description for Cost Estimation Engineer V

Cost Estimation Engineer V 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 V 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 V coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer V 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. To be a Cost Estimation Engineer V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Cost Estimation Engineer V

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 V, the upper level is Estimating Supervisor and then progresses to Estimating Manager.

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Cost Estimation Engineer V salary varies from city to city. Compared with national average salary of Cost Estimation Engineer V, the highest Cost Estimation Engineer V salary is in San Francisco, CA, where the Cost Estimation Engineer V salary is 25.0% above. The lowest Cost Estimation Engineer V salary is in Miami, FL, where the Cost Estimation Engineer V salary is 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer V in the United States. The base salary for Cost Estimation Engineer V ranges from $142,169 to $181,604 with the average base salary of $162,716. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $151,720 to $192,325 with the average total cash compensation of $171,796.
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142169
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Skills associated with Cost Estimation Engineer V: Construction Estimating Software, Specification Review, Spreadsheet advanced, Construction Estimating ...More

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