How Much Does a Product Cost Engineer Make in Indiana?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Product Cost Engineer in Indiana is $77,720. While Salary.com is seeing that Product Cost Engineer salary in IN can go up to $98,494 or down to $57,796, but most earn between $67,291 and $88,594. 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
Cost Engineer
$70,251
Indiana
Per Year
Cost Engineer I
$67,543
Indiana
Per Year
Cost Engineer II
$81,951
Indiana
Per Year
Cost Engineer III
$103,231
Indiana
Per Year
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Similar Job Salaries to Product Cost Engineer by Company

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Company average base salary in (usd) range
Astemo
Cost Engineer
$81,155/yr
$74,256
$88,054
RANGE: $74,256 - $88,054
Kammerer Dynamics Inc.
Cost Estimating Engineer
$75,372/yr
$68,928
$81,816
RANGE: $68,928 - $81,816
Clayco
Project Cost Engineer - Midwest
$102,385/yr
$94,265
$110,505
RANGE: $94,265 - $110,505
AtkinsRéalis
Senior Cost Engineer
$96,756/yr
$87,765
$105,748
RANGE: $87,765 - $105,748
McFarland Constuction
Construction Cost Engineer
$105,270/yr
$95,982
$114,558
RANGE: $95,982 - $114,558
Plansee Group
Cost Estimating and Planning Engineer
$74,288/yr
$67,316
$81,259
RANGE: $67,316 - $81,259
Fives Giddings & Lewis, LLC
Product & Project Cost Engineer
$134,078/yr
$124,372
$143,783
RANGE: $124,372 - $143,783
$103,292/yr
$93,429
$113,155
RANGE: $93,429 - $113,155
Grade
Product Engineer
$99,035/yr
$89,579
$108,492
RANGE: $89,579 - $108,492
Yoh
Product Engineer
$103,292/yr
$93,429
$113,155
RANGE: $93,429 - $113,155

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Top 10 Highest Paying Cities For Product Cost Engineer Jobs in Indiana

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 Indiana. 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 Indiana. Hammond takes first place in this list, followed by Gary, Indianapolis. The Product Cost Engineer salary is $80,522 in Hammond, which is lower than the national average. There is 0 city's Product Cost Engineer salary higher than national average in Indiana.
The average salary for a Product Cost Engineer in Indiana is $77,720, but we found that the city with the highest salary for Product Cost Engineer jobs is Hammond, IN, and it is higher than Gary. Product Cost Engineer jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Hammond $80,522 $6,710 $1,548 $39
Gary $80,522 $6,710 $1,548 $39
Indianapolis $78,781 $6,565 $1,515 $38
Greenwood $78,748 $6,562 $1,514 $38
Carmel $78,684 $6,557 $1,513 $38
Lafayette $78,295 $6,525 $1,506 $38
Elkhart $78,182 $6,515 $1,503 $38
Evansville $76,692 $6,391 $1,475 $37
Fort Wayne $75,534 $6,294 $1,453 $36
South Bend $75,356 $6,280 $1,449 $36

What Does a Product Cost Engineer Do?

The Successful Product Development Engineer: You will have experience of cradle to grave product management , overseeing the full life cycle.
Updated December 22, 2021
Develop a schedule of PD activities and track delivery of the activities, reporting out status to the Lead Engineer and Product Program Manager and/or others as required.
Updated November 30, 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

Frequently Asked Questions About a Product Cost Engineer Salaries

What is the average of a Product Cost Engineer in Indiana?

The Product Cost Engineer salary range is from $67,291 to $88,594, and the average Product Cost Engineer salary is $77,720/year in Indiana. 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.