Cost Accountant Salary (United States)

A Cost Accountant earns an average salary of $50,666 per year. People in this job generally don't have more than 20 years' experience. Skills that are associated with high pay for this job are SAP Enterprise Resource Planning (ERP) and Financial Analysis.
Cost Accountant Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$37,122 - $67,874
(Median)
37K
43K
51K
60K
68K
MEDIAN: $50,666
10%
25%
50%
75%
90%
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Cost Accountant Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$13.90 - $27.58
(Median)
14
18
23
28
MEDIAN: $18.00
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$37,122 - $67,874  
   
Bonus
$0.00 - $5,892  
Profit Sharing
$385.41 - $5,098  
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).
)
$35,546 - $69,573  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 1,716
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$13.90 - $27.58  
   
Overtime
$21.56 - $40.72  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $5,892  
   
Profit Sharing
$385.41 - $5,098  
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).
)
$35,546 - $69,573  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 1,716
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Location:
United States (change)
Years in Field/Career:
Job Description for Cost Accountant
A Cost Accountant is responsible for informing and advising management on the cost effectiveness of a given business strategy or course of action for the company. In order to accomplish this, a cost accountant will review data from monthly and quarterly ledgers, coordinate and record inventory and its costs, and keep tabs on account practices and regulations to make sure the company remains in compliance. Cost accountants will also manage the timetable of financial audits. The typical cost accountant job requires a Bachelor's degree in Accounting and strong organizational skills. A comprehensive knowledge of Microsoft Excel is also highly preferred. As for intangible skills, cost accountants need to be able to communicate their findings and suggestions effectively. This may require elements of teaching ability when explaining complex finances and conclusions to management that may not have a financial or accounting background. As one would suspect, most of the workload of the cost accountant is mental in nature. The only physical requirements include being able to type on a keyboard for long stretches or being able to sit all day. Like other accountants, the work takes place in an office environment and features extended computer use with occasional meetings. Work hours are also typical for a “nine-to-five” job; however, overtime and occasional weekend work may be required during exceptionally busy periods. A cost accountant mainly works within the accounting group of a company and with other accountants, but they are also required to explain their findings and their implications to upper management.
Cost Accountant Tasks
  • Ensures services and processes are in compliance with account practices and regulatory requirements.
  • Record and report the costs of manufacturing goods and providing services.
  • Analyzes monthly and quarterly ledger activities.
  • Prepares financial audit schedules and reports for management.
Common Career Paths for Cost Accountant

Cost Accountant Job Listings

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Popular Skills for Cost Accountant
Pay by Experience Level for Cost Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
Los Angeles
up arrow 19%
Phoenix
up arrow 16%
Denver
up arrow 15%
Dallas
up arrow 14%
Minneapolis
up arrow 13%
Seattle
up arrow 10%
up arrow 8%
up arrow 8%
Fort Wayne
up arrow 3%
St. Louis
up arrow 2%
National Average
$51,000
Cleveland
up arrow 2%
Wichita
up arrow 4%
Madison
up arrow 9%
Grand Rapids
up arrow 12%
Tulsa
up arrow 18%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Cost Accountant Salaries

National Average
$51,000

Skills That Affect Cost Accountant Salaries

SAP Enterprise Resource Planning (ERP)
up arrow 12%
ERP
up arrow 8%
Cost Accounting
up arrow 4%
Financial Reporting
up arrow 3%
Microsoft Access
up arrow 1%
Microsoft Excel
0%
Data Analysis
0%
National Average
$51,000
Microsoft Office
up arrow 1%
JD Edwards
up arrow 1%
Microsoft Word
up arrow 2%
Windows Operating System General Use
up arrow 2%
Accounting
up arrow 7%
Accounts Payable
up arrow 13%
Job Satisfaction
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Extremely satisfied
Rated 5 out of 5 based on 507 votes.
Gender
Female
51%
female alumni
 
Male
49%
male alumni
Years of Experience
Less than 1 year
6%
1-4 years
42%
5-9 years
26%
10-19 years
18%
20 years or more
9%
Common Health Benefits
medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 58% employee benefits None: 12%
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