How Much Does a Cost Reduction Engineer Make?

Updated September 26, 2022

Individually reported data submitted by users of our website

Low Confidence
$67,445/yr
Average Base Pay
Low $59,016
Average $67,445
High $76,835
The average salary for Cost Reduction Engineer is $67,445 per year in the United States.

Related Job Titles to Cost Reduction Engineer

Cost Engineer
$88,804
US
Per Year
Cost Engineer I - Construction
$70,565
US
Per Year
Cost Engineer III - Construction
$102,455
US
Per Year
Cost Engineer II - Construction
$88,002
US
Per Year

Similar Job Salaries to Cost Reduction Engineer by Company

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Company average base salary in (usd) range
Corning
Transformational Cost Reduction Program Manager
$131,320/yr
$111,724
$150,916
RANGE: $111,724 - $150,916
Novelis Global R&T
Carbon Reduction Senior Engineer
$136,364/yr
$116,618
$156,110
RANGE: $116,618 - $156,110
Weatherford
Sustainability Engineer – Carbon Reduction
$230,815/yr
$193,610
$268,020
RANGE: $193,610 - $268,020
Novelis Global R&T
Carbon Reduction Engineer
$116,827/yr
$101,514
$132,140
RANGE: $101,514 - $132,140
Acuity - PT&C, LLC
Cost Engineer/Cost Consultant
$77,697/yr
$67,848
$87,547
RANGE: $67,848 - $87,547
$79,116/yr
$69,137
$89,096
RANGE: $69,137 - $89,096
$78,048/yr
$68,399
$87,698
RANGE: $68,399 - $87,698
$106,592/yr
$90,205
$122,979
RANGE: $90,205 - $122,979
WSP USA
Cost Engineer
$122,827/yr
$109,257
$136,397
RANGE: $109,257 - $136,397

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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 $59,016 to $76,835, and the average Cost Reduction Engineer salary is $67,445/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 $84,644 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.

$34 Hourly
A Cost Reduction Engineer in Columbus, OH reported making $34 per hour
Columbus, OH
7,6 - 15,000 employees
Part-Time
Company - Public
$76,675 Yearly
A Cost Reduction Engineer in Ankeny, IA reported making $76,675 per year
Ankeny, IA
200 - 6 employees
Full-Time
Company - Private
$52,906 Yearly
A Cost Reduction Engineer in Suffolk, VA reported making $52,906 per year
Suffolk, VA
6 - 1,000 employees
Full-Time
Company - Private
$5,981 Monthly
A Cost Reduction Engineer in Champaign, IL reported making $5,981 per month
Champaign, IL
1,000 - 3,000 employees
Full-Time
Company - Public
$63,287 Yearly
A Cost Reduction Engineer in Smyrna, DE reported making $63,287 per year
Smyrna, DE
100 - 200 employees
Full-Time
Company - Private
$35 Hourly
A Cost Reduction Engineer in Springdale, AR reported making $35 per hour
Springdale, AR
3,000 - 7,6 employees
Part-Time
Company - Public