Average Principal Cost Engineer Salary in Turks and Caicos Islands for 2026

In this article, we will look at the average Principal Cost Engineer salary for 2026 in Turks and Caicos Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Principal Cost Engineer Make in Turks and Caicos Islands?

A Principal Cost Engineer working in Turks and Caicos Islands will typically earn around 16,400 USD per year, and this can range from the lowest average salary of about 8,420 USD to the highest average salary of 27,020 USD.

These are average salaries for a Principal Cost Engineer in Turks and Caicos Islands and include benefits such as housing and transport. It's also possible for a Principal Cost Engineer to earn more or less than the average salaries shown above.

Principal Cost Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Principal Cost Engineer Salaries in Turks and Caicos Islands

So we've looked at the average salaries a Principal Cost Engineer will earn in Turks and Caicos Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Principal Cost Engineer can earn between 8,420 USD and 27,020 USD on average in Turks and Caicos Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Principal Cost Engineer in Turks and Caicos Islands is 18,260 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 18,260 USD, and 50% of the population earn more than 18,260 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Principal Cost Engineer salary in Turks and Caicos Islands, 25% of the population are earning less than 12,840 USD while 75% of the population earn more than 12,840 USD.

75% of the population earn less than 21,560 USD, and 25% of the population earn more than 21,560 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Principal Cost Engineer Salary by Experience Level in Turks and Caicos Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Principal Cost Engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Principal Cost Engineer in Turks and Caicos Islands that has less than two years of experience can expect to earn somewhere in the region of 10,380 USD.
• 2 - 5 Years Experience. With two to five years of experience the average Principal Cost Engineer salary would increase to 12,620 USD.
• 5 - 10 Years Experience. From five to ten years of experience as a Principal Cost Engineer, the average salary would be 15,380 USD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,060 USD.
• 15 - 20 Years Experience. A Principal Cost Engineer with 15 to 20 years of experience can earn an average of 23,400 USD.
• 20+ Years Experience. For a Principal Cost Engineer with more than 20 years, the expected average salary increases to 22,340 USD.

Average Salary by Experience Chart

Principal Cost Engineer Salary by Education Level in Turks and Caicos Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Principal Cost Engineer in Turks and Caicos Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Bachelor's Degree. A Principal Cost Engineer in Turks and Caicos Islands with a bachelor's degree education can earn an average salary of 13,660 USD.
• Master's Degree. A Principal Cost Engineer in Turks and Caicos Islands with a master's degree education can earn an average salary of 17,740 USD.

Average Salary by Education Chart

Principal Cost Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Turks and Caicos Islands, a male principal cost engineer will earn an average of 16,720 USD, while a female principal cost engineer will earn around 17,020 USD.

This means that a male principal cost engineer earns approximately 2% less than a female principal cost engineer for performing the same job.

Average Salary by Gender Chart in Turks and Caicos Islands

Principal Cost Engineer Average Pay Raise in Turks and Caicos Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Principal Cost Engineer in Turks and Caicos Islands is around 7% every 29 months.

The national average pay raise across all professions and industries in Turks and Caicos Islands is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Principal Cost Engineer in Turks and Caicos Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Turks and Caicos Islands for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Turks and Caicos Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Principal Cost Engineer Bonus and Incentive Rates in Turks and Caicos Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Principal Cost Engineer is a low bonus based job, with 13% of employees reporting at least one bonus in the last 12 months.

87% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Turks and Caicos Islands earn approximately 3% less than private sector employees in the same role.

Salaries for Jobs Similar to a Principal Cost Engineer

In the table below, we have salary information for jobs that are similar to a Principal Cost Engineer in Turks and Caicos Islands.