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Cost Development Engineer Salary
in Chicago, Illinois

$111,745 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 23, 2019

Salary Recap

The average pay for a Cost Development Engineer is $111,745 a year and $54 an hour in Chicago, Illinois, United States. The average salary range for a Cost Development Engineer is between $78,439 and $138,690. On average, a Master's Degree is the highest level of education for a Cost Development Engineer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Plans and coordinates engineering activities to develop and apply standardized design criteria and production requirements.
  • Analyzes design data to determine conformance to established design selection criteria, use of standardized parts and equipment, and design-to-cost ratio.
Cost Development Engineer Job Prevalence in Chicago, Illinois, United States

Job family: Industrial Engineers

Job family population: 265,520

Estimated population of Cost Development Engineer jobs: 30,028

Rate of error: 1.1%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Cost Development Engineer Job Listings for Chicago, Illinois

Sr Product Development Engineer
Mar 26
Bedford Park, IL, USA
Pactiv Foodservice/Food Packaging
Sr Product Development Engineer Lead the design and development of new food packaging products in ... Develop product cost estimates using internal costing tools. * Assemble capital requirement ...
Staff Software Engineer - Cloud Development
May 22
Chicago, United States
... time and cost constraints and mentors others to do the same. * Estimate software development ... Engineers and Architecture team as required. * Design and lead the design of software using ...
Object Oriented C++ Senior Software Engineer (Paid Relocation to NY)
Apr 30
Chicago, IL, USA
HireResources - Information Technology
... development. Determine design approaches and parameters. ... Analyze software requirements to determine feasibility of design within time and cost constraints.
LabView Test Engineer
May 20
Saint Charles, IL, USA
Omron Automotive Electronics
You will collaborate with Product Development Test Engineers to ensure ongoing quality and ... Provide cost estimates for test systems. * Generate test software in LabVIEW and Test Stand.
Environmental Engineer
May 23
Downers Grove, IL, USA
Jacob & Hefner Associates, Inc.
Additionally, you will be asked to support with business and client development, take on project ... Developing feasibility studies, remedial alternative evaluations, remediation cost estimates, and ...
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