Product Cost Engineer Salary in the United States

How much does a Product Cost Engineer make in the United States?

As of September 01, 2026, the average salary for a Product Cost Engineer in the United States is $84,944 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:

  • Top Earners (90th percentile): $102,035
  • Majority Range (25th-75th percentile): $75,242 to $93,890
  • Entry-Level (10th percentile): $66,410

Key Factors That Influence Product Cost Engineer Salaries

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.

How Experience Level Affects Product Cost Engineer Salaries?

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:

  • Entry-Level (less than 1 year): $82,249
  • Early Career (1-2 years): $82,653
  • Mid-Level (2-4 years): $83,596
  • Senior-Level (5-8 years): $84,674
  • Expert (over 8 years): $85,903
Levels Salary
Entry Level Product Cost Engineer$82,249
Intermediate Level Product Cost Engineer$82,653
Senior Level Product Cost Engineer$83,596
Specialist Level Product Cost Engineer$84,674
Expert Level Product Cost Engineer$85,903

How Do Product Cost Engineer Salaries Vary from State to State?

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:
  • District of Columbia: $94,050.
  • California: $93,693.
  • Massachusetts: $92,444.

Top Paying Cities for Product Cost Engineers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $107,140
  • San Francisco: $105,967
  • Oakland: $103,733

Product Cost Engineer Salary by Industry: Top Paying Sectors

For Product Cost Engineer roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Product Cost Engineer positions in Business Services typically offer lower base pay, as this sector often view Product Cost Engineer as a support function rather than a direct revenue driver.

The top paying industry for a Product Cost Engineer

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$93,438$45.010%

How Education impacts a Product Cost Engineer's Salary?

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

Typical Education for Product Cost Engineer
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%

Product Cost Engineer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 September 01, 2026
$75,242
Average $84,944/year
$93,890
$6,270
Average $7,079/month
$7,824
$1,447
Average $1,634/week
$1,806
$36
Average $41/hour
$45
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $93,890 $7,824 $1,806 $45
Average $84,944 $7,079 $1,634 $41
25th Percentile $75,242 $6,270 $1,447 $36

Most common benefits for Product Cost Engineer

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Product Cost Engineer

Here are companies hiring for Product Cost Engineer and their salaries, click below for more details.

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FAQ about Product Cost Engineer

1. What industry pays the highest salary for Product Cost Engineer?

The Edu., Gov't. & Nonprofit industry offers the highest average compensation for Product Cost Engineer roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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