As of April 01, 2026, the average salary for a Product Cost Engineer in the United States is $84,962 per year, which breaks down to an hourly rate of $41.
However, a Product Cost Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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A Product Cost Engineer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Product Cost Engineer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Product Cost Engineer | $82,256 |
| Intermediate Level Product Cost Engineer | $82,662 |
| Senior Level Product Cost Engineer | $83,609 |
| Specialist Level Product Cost Engineer | $84,691 |
| Expert Level Product Cost Engineer | $85,924 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Product Cost Engineers. For example, consider the average annual salaries in these key locations:
Your level of education can impact your salary potential. While many Product Cost Engineers enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Product Cost Engineer with a Associate's Degree is between $71,780 and $78,989).
Product Cost Engineer Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 11.7% |
| High School | 11.7% |
| Associates | 10.8% |
| Bachelors | 53.3% |
| Masters | 24.2% |
| Doctorate | 0.0% |
Understanding how a Product Cost Engineer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on April 01, 2026Salaries for a Product Cost Engineer can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $54,682 in 2023 to around $54,257 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Product Cost Engineer salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $54,682 |
| 2024 | $54,502 |
| 2025 | $54,257 |
| 2026 |
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| 2027 |
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