How Much Does a Cost Reduction Engineer Make?

Updated February 01, 2025
As of February 01, 2025, the average annual pay of Cost Reduction Engineer in the United States is $70,103. While Salary.com is seeing that Cost Reduction Engineer salary in the US can go up to $84,139 or down to $57,133, but most earn between $63,314 and $77,450. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Cost Reduction Engineer
Cost Engineer
$72,854
US
Per Year
Cost Engineer I
$73,142
US
Per Year
Cost Engineer II
$90,172
US
Per Year
Cost Engineer III
$107,228
US
Per Year
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
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.

Similar Job Salaries to Cost Reduction Engineer by Company

FIND A SPECIFIC EMPLOYER
Loading results...
Company average base salary in (usd) range
US Tsubaki Automotive, LLC
Cost Reduction Specialist
$76,593/yr
$65,908
$87,279
RANGE: $65,908 - $87,279
EGS
Cost Engineer/Cost Lead
$128,041/yr
$110,194
$145,887
RANGE: $110,194 - $145,887
PJ Dick-Trumbull-Lindy Group
Cost Engineer / Cost Analyst
$81,667/yr
$72,333
$91,002
RANGE: $72,333 - $91,002
Level 10 Construction
Cost Engineer
$108,429/yr
$93,645
$123,213
RANGE: $93,645 - $123,213
JAM Staffing
Cost Engineer
$83,716/yr
$72,182
$95,249
RANGE: $72,182 - $95,249
$78,535/yr
$67,827
$89,244
RANGE: $67,827 - $89,244
Luster National
Cost Engineer
$101,240/yr
$87,941
$114,538
RANGE: $87,941 - $114,538
TUTORPERINI
Cost Engineer
$100,912/yr
$87,153
$114,672
RANGE: $87,153 - $114,672
Vertiv
Cost Engineer
$100,378/yr
$91,475
$109,282
RANGE: $91,475 - $109,282
BBNCALLJOBSROLLUP
Cost Engineer
$90,058/yr
$79,846
$100,270
RANGE: $79,846 - $100,270

Open Cost Reduction Engineer Jobs in the United States

Create Alert

What Does a Cost Reduction Engineer Do?

Cost reductions would come from both labor savings and material savings related to the installation process.
Updated December 20, 2021
Experts agree that on-site help desk facilities often defeat the purpose of outsourcing, which is cost reduction due to the availability of resources shared with other organizations.
Updated December 11, 2021
Selected for testing and demonstration were judged to have potential for significant technical advancement or reduction in manufacturing cost.
Updated December 08, 2021
Capacities, with the attendant cost reductions as a result of economies of scale, are expected to lead to sustainable markets.
Updated December 08, 2021
Examples of scope of work include silicon process improvement and product enhancement, device capability evaluation and expansion, and wafer cost reduction.
Updated November 25, 2021

Frequently Asked Questions About a Cost Reduction Engineer Salaries

What is the average of a Cost Reduction Engineer in the United States?

The Cost Reduction Engineer salary range is from $63,314 to $77,450, and the average Cost Reduction Engineer salary is $70,103/year in the United States. The Cost Reduction Engineer's salary will change in different locations.

Which location pays the highest Cost Reduction Engineer salary in the United States?

The Cost Reduction Engineer salary in San Jose, CA is $87,980 which is the highest in the US.

What kinds of reasons will influence the Cost Reduction Engineer's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Cost Reduction Engineer.

What is the growth rate of the Cost Reduction Engineer's salary?

If you are thinking of becoming a Cost Reduction Engineer or planning the next step in your career, find the detailed salary report of a Cost Reduction Engineer.

Recent Salary Report

Below are the most recent Cost Reduction Engineer salary reports. Employer name has been removed to protect anonymity.

$60,014 Yearly
A Cost Reduction Engineer in Marrero, LA reported making $60,014 per year
Marrero, LA
100 - 200 employees
Full-Time
Company - Private
$65,954 Yearly
A Cost Reduction Engineer in Frisco, TX reported making $65,954 per year
Frisco, TX
6 - 1,000 employees
Full-Time
Company - Private
$39 Hourly
A Cost Reduction Engineer in Denver, CO reported making $39 per hour
Denver, CO
3,000 - 7,6 employees
Part-Time
Company - Public
$66,709 Yearly
A Cost Reduction Engineer in Grand Rapids, MI reported making $66,709 per year
Grand Rapids, MI
200 - 6 employees
Full-Time
Company - Private
$38 Hourly
A Cost Reduction Engineer in Chula Vista, CA reported making $38 per hour
Chula Vista, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$5,496 Monthly
A Cost Reduction Engineer in York, PA reported making $5,496 per month
York, PA
1,000 - 3,000 employees
Full-Time
Company - Public