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Last updated: October 31, 2024
Engineer Cost Development Salary
in Farmington, Michigan
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$123,070 (USD)
Average Salary
$59/hr
Average Hourly
$4,258
Average Bonus
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Last updated: October 31, 2024
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Salary Recap
The average pay for an Engineer Cost Development is $123,070 a year and $59 an hour in Farmington, Michigan, United States. The average salary range for an Engineer Cost Development is between $84,918 and $150,145. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Farmington, Michigan.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
$138,240
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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About Farmington, Michigan
Farmington Cost of Living Score:
Description:
Farmington is a city in Oakland County in the U.S. state of Michigan. A northwestern suburb of Detroit, Farmington is located roughly 20 miles (32.2 km) from downtown Detroit, and is surrounded on most sides by the larger city of Farmington Hills. As of the 2020 census, the city had a population of 11,594.
The area is known for its historic downtown, elegant Victorian-style homes, and one of Michigan's top rated public school systems, Farmington Public Schools. Since 2009, the city's downtown has been the center of an extensive renovation and remodeling featuring a refacing or rebuilding of many buildings on Grand...
Job Summary
Description:
- 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.
Engineer Cost Development Job Listings for
No listings found
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Salary Recap
The average pay for an Engineer Cost Development is $123,070 a year and $59 an hour in Farmington, Michigan, United States. The average salary range for an Engineer Cost Development is between $84,918 and $150,145. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Farmington, Michigan.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Engineer Cost Development Job Prevalence in the United States
Job family: Industrial Engineers
Job family population: 332,870
Estimated population of Engineer Cost Development jobs: 12,216
Rate of error: 0.7%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Farmington, Michigan
Farmington Cost of Living Score:
Description:
Farmington is a city in Oakland County in the U.S. state of Michigan. A northwestern suburb of Detroit, Farmington is located roughly 20 miles (32.2 km) from downtown Detroit, and is surrounded on most sides by the larger city of Farmington Hills. As of the 2020 census, the city had a population of 11,594.
The area is known for its historic downtown, elegant Victorian-style homes, and one of Michigan's top rated public school systems, Farmington Public Schools. Since 2009, the city's downtown has been the center of an extensive renovation and remodeling featuring a refacing or rebuilding of many buildings on Grand...
Job Summary
Description:
- 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.
Engineer Cost Development Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
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