Cost Consultant Salary in Minneapolis, Minnesota

How much does a Cost Consultant make in Minneapolis, MN?

As of March 01, 2025, the average annual salary for a Cost Consultant in Minneapolis, MN is $97,348. Salary.com reports that pay typically ranges from $86,795 to $111,856, with most professionals earning between $77,186 and $125,065.

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Salary range for a Cost Consultant

$86,795 to $111,856

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Cost Consultant

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Job Openings for Cost Consultant in Minneapolis, MN

What does a Cost Consultant do?

Common responsibilities of a Cost Consultant

Leads a cross functional BCBSA team (Business Execution, Data Operations Management and Performance and Reporting teams) and vendor (BHI) to collect and validate Plan cost and claim data used to update statistical modeling each cost data refresh ( twice a year) that compares Plan-submitted provider-specific cost estimates with actual claims experience.

December 28, 2022

Provide guidance on various elements of cost compliance, cost templates and budget notes to support cost proposals.

January 31, 2023

Assist with IT budget formulation and execution to include all phases of the budget life cycle by alignment of BRM, IT Service Catalog and TBM Taxonomy.

February 15, 2023

Demonstrated ability to accurately take off quantities, estimate the cost of construction, sequence and schedule the construction for commercial buildings preferred.

February 17, 2023

Develop cost and commercial tender guidance for prime and partners in collaboration with proposal teams to support a competitive bid for ongoing and planned new business opportunities.

March 15, 2023

Prepare comprehensive fixed asset engagements including cost segregation, repairs and maintenance and depreciation studies.

April 06, 2023

Support development of prime and partner cost and commercial tenders, inclusive but not limited to cost competitiveness, budget and narrative development, value for money in close collaboration with core tender team.

April 20, 2023

Actively participate in decision making with engagement management and seek to understand the broader impact of current decisions.

April 28, 2023

Understand corporate cost objectives in order to identify opportunities for improvement across the organization.

May 01, 2023

Review prime and partner cost and commercial tenders, providing feedback at various points throughout the process.

May 08, 2023

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Cost Consultant Salary By Experience Levels in Minneapolis, MN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Cost Consultant Salary By Level of Education in Minneapolis, MN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Cost Consultant in Minneapolis, MN

Average Base Salary

Core compensation

86795

111856

97348

Average Total Cash Compensation

Includes base and annual incentives

88388

115711

99643

What is the average salary for Cost Consultant in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Consultant in Minneapolis, MN. The base salary for Cost Consultant ranges from $86,795 to $111,856 with the average base salary of $97,348. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,388 to $115,711 with the average total cash compensation of $99,643.

View Average Salary for Cost Consultant as table

	Average Salary	Average Salary Range
Base Salary	$97,348	$86,795 - $111,856
Bonus	$2,295	$1,593 - $3,855
Total Pay	$99,643	$88,388 - $115,711

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Cost Consultant Salary Near Minneapolis, MN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Minneapolis, MN
CITY, STATE Minnetonka, MN	AVERAGE SALARY RANGE $87,155 - $112,320	COMPARE TO Minneapolis, MN
CITY, STATE Eden Prairie, MN	AVERAGE SALARY RANGE $87,008 - $112,130	COMPARE TO Minneapolis, MN
CITY, STATE Saint Paul, MN	AVERAGE SALARY RANGE $87,155 - $112,320	COMPARE TO Minneapolis, MN
CITY, STATE Burnsville, MN	AVERAGE SALARY RANGE $86,909 - $112,004	COMPARE TO Minneapolis, MN
CITY, STATE Lakeville, MN	AVERAGE SALARY RANGE $86,615 - $111,624	COMPARE TO Minneapolis, MN
CITY, STATE Saint Cloud, MN	AVERAGE SALARY RANGE $78,459 - $101,113	COMPARE TO Minneapolis, MN

See salaries for Cost Consultant in locations close to Minneapolis, MN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Minneapolis, Minnesota

Minneapolis (/ˌmɪniˈæpəlɪs/ (listen)) is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2017, Minneapolis is the largest city in the state of Minnesota and 45th-largest in the United States, with an estimated population of 422,331. The Twin Cities metropolitan area consists of Minneapolis, its neighbor Saint Paul, and suburbs which altogether contain about 3.6 million people, and is the third-largest economic center in the Midwest. Minneapolis lies on both banks of the Mississippi River, just north of the riv...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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