How Much Does a Cost Reduction Engineer Make in New Mexico?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$61,576/yr
Average Base Pay
Low $55,232
Average $61,576
High $65,449
The average salary for Cost Reduction Engineer is $61,576 per year in New Mexico.

Related Job Titles to Cost Reduction Engineer

Cost Engineer
$65,682
New Mexico
Per Year
Cost Estimation Engineer V
$150,352
New Mexico
Per Year
Cost Engineer I
$65,100
New Mexico
Per Year
Cost Engineer II
$80,574
New Mexico
Per Year

Similar Job Salaries to Cost Reduction Engineer by Company

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Company average base salary in (usd) range
Albuquerque Health Care for the Homeless
Harm Reduction & Outreach Coordinator
$56,371/yr
$48,519
$64,223
RANGE: $48,519 - $64,223
$81,616/yr
$71,161
$92,072
RANGE: $71,161 - $92,072
GEM Technologies Inc.
Cost Estimator
$103,028/yr
$86,992
$119,064
RANGE: $86,992 - $119,064
$80,019/yr
$69,219
$90,819
RANGE: $69,219 - $90,819
PMXperts Inc.
Cost Analyst
$123,308/yr
$105,544
$141,073
RANGE: $105,544 - $141,073
Plexos Group
Junior Construction Cost Analyst
$86,224/yr
$74,586
$97,861
RANGE: $74,586 - $97,861
Hill International Inc
Benefit - Cost Analysis
$129,632/yr
$107,675
$151,590
RANGE: $107,675 - $151,590
Edgewater Technical Associates
Cost/Price Analyst
$71,267/yr
$61,892
$80,642
RANGE: $61,892 - $80,642
Edgewater Technical Associates
Cost Account Manager (CAM)
$48,088/yr
$42,398
$53,778
RANGE: $42,398 - $53,778
quantum-intl
COST BUDGET- FINANCIAL ANALYST
$79,349/yr
$70,776
$87,922
RANGE: $70,776 - $87,922

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Top 10 Highest Paying Cities For Cost Reduction Engineer Jobs in New Mexico

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Cost Reduction Engineer can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Cost Reduction Engineer job salaries in New Mexico. Some cities can pay higher salaries for Cost Reduction Engineer jobs, which can indicate that there is a large demand for Cost Reduction Engineer positions in this city.
The following table shows top 10 cities where the Cost Reduction Engineer salary is higher than other cities in New Mexico. Santa Fe takes first place in this list, followed by Albuquerque, Rio Rancho. The Cost Reduction Engineer salary is $63,112 in Santa Fe, which is lower than the national average. There is 0 city's Cost Reduction Engineer salary higher than national average in New Mexico.
The average salary for a Cost Reduction Engineer in New Mexico is $61,576, but we found that the city with the highest salary for Cost Reduction Engineer jobs is Santa Fe, NM, and it is higher than Albuquerque. Cost Reduction Engineer jobs in Santa Fe can have the opportunity to earn higher salaries than in other cities in New Mexico.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Santa Fe $63,112 $5,259 $1,214 $30
Albuquerque $62,778 $5,232 $1,207 $30
Rio Rancho $62,578 $5,215 $1,203 $30
Farmington $61,977 $5,165 $1,192 $30
Clovis $59,639 $4,970 $1,147 $29
Alamogordo $59,573 $4,964 $1,146 $29
Hobbs $59,105 $4,925 $1,137 $28
Roswell $58,571 $4,881 $1,126 $28
Sunland Park $58,170 $4,848 $1,119 $28
Las Cruces $57,836 $4,820 $1,112 $28

What Does a Cost Reduction Engineer Do?

Design engineering support and project management of cost reduction projects consisting of component redesign, sub-system redesign, and approval of alternate suppliers for products including gas/electric dryers, vertical axis washers, horizontal axis washers, laundry centers and pedestals.
Updated October 12, 2021
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

Frequently Asked Questions About a Cost Reduction Engineer Salaries

What is the average of a Cost Reduction Engineer in New Mexico?

The Cost Reduction Engineer salary range is from $55,232 to $65,449, and the average Cost Reduction Engineer salary is $61,576/year in New Mexico. 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 $83,816 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.