Product Cost Engineer Salaries in Illinois
How Much Does a Product Cost Engineer Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Product Cost Engineer in Illinois is $82,530.
While Salary.com is seeing that Product Cost Engineer salary in IL can go up to $104,589
or down to $61,372, but most earn between $71,455 and $94,076.
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 Product Cost Engineer
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Similar Job Salaries to Product Cost Engineer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
AtkinsRéalis
Cost Engineer
|
$105,335/yr
|
RANGE: $94,932 - $115,737
|
|
Abbott
Design to Cost Engineer
|
$105,782/yr
|
RANGE: $98,892 - $112,673
|
|
Tri-Merit, LLC
Cost Segregation Sr. Engineer
|
$96,244/yr
|
RANGE: $89,026 - $103,463
|
|
Tri-Merit
Cost Segregation Engineer
|
$103,330/yr
|
RANGE: $95,478 - $111,181
|
|
Bristol Industries LLC
Cost Engineer / Construction Estimator
|
$113,274/yr
|
RANGE: $102,250 - $124,299
|
|
Fives Giddings & Lewis, LLC
Product & Project Cost Engineer
|
$134,078/yr
|
RANGE: $124,372 - $143,783
|
|
Fives
Product & Project Cost Engineer
|
$107,874/yr
|
RANGE: $100,194 - $115,553
|
|
DRC Heat Transfer
Product Engineer
|
$109,279/yr
|
RANGE: $98,845 - $119,714
|
|
Lensa
Product Engineer
|
$101,615/yr
|
RANGE: $91,912 - $111,318
|
|
International Motors, LLC
Product Engineer
|
$109,271/yr
|
RANGE: $98,801 - $119,740
|
Top 10 Highest Paying Cities For Product Cost Engineer Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Product Cost 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 Product Cost Engineer job salaries in Illinois.
Some cities can pay higher salaries for Product Cost Engineer jobs, which can indicate that there is a large demand for Product Cost Engineer positions in this city.
The following table shows top 10 cities where the Product Cost Engineer salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Product Cost Engineer salary is $83,671 in Chicago,
which is higher than the national average. There are 20 cities' Product Cost Engineer salary higher than national average in Illinois.
The average salary for a Product Cost Engineer in Illinois is $82,530,
but we found that the city with the highest salary for Product Cost Engineer jobs is Chicago, IL, and it is higher than Cicero.
Product Cost Engineer jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $83,671 | $6,973 | $1,609 | $40 |
| Cicero | $83,671 | $6,973 | $1,609 | $40 |
| Oak Park | $83,671 | $6,973 | $1,609 | $40 |
| Evanston | $83,639 | $6,970 | $1,608 | $40 |
| Skokie | $83,639 | $6,970 | $1,608 | $40 |
| Oak Lawn | $83,574 | $6,965 | $1,607 | $40 |
| Des Plaines | $83,444 | $6,954 | $1,605 | $40 |
| Mount Prospect | $83,380 | $6,948 | $1,603 | $40 |
| Aurora | $83,023 | $6,919 | $1,597 | $40 |
| Hoffman Estates | $82,951 | $6,913 | $1,595 | $40 |
What Does a Product Cost Engineer Do?
Product engineers should be skilled in mathematics, specifically calculus, linear algebra and statistics.
Updated December 15, 2021
The Successful Product Development Engineer: You will have experience of cradle to grave product management , overseeing the full life cycle.
Updated December 22, 2021
Product engineers define the yield road map and drive the fulfillment during ramp-up and volume production.
Updated December 18, 2021
Simply stated, it is a systematic approach to managing cost throughout the life cycle of any enterprise, program, facility, project, product or service.
Updated December 17, 2021
You will learn how to manage the product cost estimation function to generate accurate costs for negotiations with your customer or with your supplier.
Updated December 17, 2021
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Explore JobArchitectFrequently Asked Questions About a Product Cost Engineer Salaries
What is the average of a Product Cost Engineer in Illinois?
The Product Cost Engineer salary range is from $71,455 to $94,076, and the average Product Cost Engineer salary is $82,530/year in Illinois.
The Product Cost Engineer's salary will change in different locations.
Which location pays the highest Product Cost Engineer salary in the United States?
The Product Cost Engineer salary in San Jose, CA is $102,124
which is the highest in the US.
What kinds of reasons will influence the Product Cost 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 Product Cost Engineer.
What is the growth rate of the Product Cost Engineer's salary?
If you are thinking of becoming a Product Cost Engineer or planning the next step in your career, find the detailed salary report of a Product Cost Engineer.
