Cost Accountant Salary

Median pay for Cost Accountants in the United States lies in the neighborhood of $54K annually. Total cash compensation to Cost Accountants bottoms out near $39K and approaches $75K on the high end; the biggest paychecks include approximately $6K from bonuses and almost $8K from profit sharing. Residence is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. Job satisfaction for Cost Accountants is high. Women Cost Accountants who took the survey just slightly outnumber men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$40,613 - $73,807
$41K
$54K
$74K
MEDIAN: $54,469
10%
50%
90%

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$14.77 - $26.27
$15
$20
$26
MEDIAN: $19.75
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$40,613 - $73,807  
   
Bonus
$397.32 - $6,238  
Profit Sharing
$193.92 - $7,647  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,052 - $74,986  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 867
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$14.77 - $26.27  
   
Overtime
$22.07 - $38.55  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$397.32 - $6,238  
   
Profit Sharing
$193.92 - $7,647  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,052 - $74,986  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 134

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Cost Accountant

A cost accountant performs routine and special analyses to help determine the type of operations and materials that are most cost effective for their organization. This accountant helps assess which products and raw materials are best suited to their company’s objectives, and they may be expected to create a costing system that can continuously evaluate the value of inventory and associated costs. The cost accountant should be able to determine and explain the factors that will cause costs to vary; strong research skills are essential to determine all of the costs associated with certain decisions. Additionally, cost accountants may need to document internal factors and controls that are affecting costs. The cost accountant often helps senior management to make key decisions, in some cases including decisions related to employees' salaries and product pricing.

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Cost Accountant Tasks

  • Analyzes monthly and quarterly ledger activities.
  • Prepares financial audit schedules and reports for management.
  • Ensures services and processes are in compliance with account practices and regulatory requirements.
  • Record and report the costs of manufacturing goods and providing services.

Common Career Paths for Cost Accountant


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It's not very common for Cost Accountants to move on to become Plant Controllers. Average pay for a Plant Controller is $90K annually. Cost Accountants most often move into positions as Senior Accountants or Senior Financial Analysts; those groups report median salaries that are $6K higher and $22K higher, respectively.

Cost Accountant Job Listings

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Popular Employer Salaries for Cost Accountant


Popular Skills for Cost Accountant


Survey takers working as Cost Accountants report using a large range of professional skills. Most notably, skills in SAP SAP Financial Accounting and Controlling, ERP, Financial Reporting, and Month-End Close are correlated to pay that is above average, with boosts between 7 percent and 11 percent. At the other end of the pay range are skills like Microsoft Word, Accounts Payable, and Microsoft Office. Most people skilled in Cost Accounting are similarly competent in Financial Analysis and Microsoft Office. Skill sets containing Microsoft Excel also tend to include Microsoft Office and Financial Analysis.

Pay by Experience Level for Cost Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. Respondents with less than five years' experience take home $50K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $59K. On average, Cost Accountants make $61K following one to two decades on the job. Cost Accountants who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $62K on average.

Pay Difference by Location

National Average: $54,031

Larger city markers indicate a job is popular in that location.

For Cost Accountants, busy Houston offers a higher-than-average pay rate, 30 percent above the national average. Cost Accountants can also look forward to large paychecks in cities like San Jose (+30 percent), Fresno (+28 percent), Dallas (+14 percent), and San Diego (+13 percent). The smallest paychecks in the market, 13 percent south of the national average, can be found in St. Louis. Workers in Madison and Cincinnati earn salaries that trail the national average for those in this profession (11 percent less and 5 percent less, respectively).

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
54 %
Male
46 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 125 votes.
Less than 1 year
6%
1-4 years
44%
5-9 years
21%
10-19 years
19%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Accountant Salaries

▲14%

▲14%

▲9%

National Average
$54,000

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 125 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
21%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 75%
vision benefits
Vision: 61%
dental benefits
None: 11%
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