Cost Accountant Salary

Average Cost Accountants in the United States make around $55K per year. Cash earnings for Cost Accountants — including $6K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $39K to $76K depending on individual performance. Earnings for this group are mostly affected by geography, followed by the company and tenure. Work is enjoyable for Cost Accountants, who typically claim high levels of job satisfaction. Women make up a slight majority of Cost Accountants (52 percent) survey respondents. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$40,850 - $74,782
$41K
$55K
$75K
MEDIAN: $54,963
10%
50%
90%

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$14.72 - $26.79
$15
$20
$27
MEDIAN: $19.80
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$26K$52K$78K
Salary
$40,850 - $74,782  
   
Bonus
$302.70 - $6,091  
Profit Sharing
$148.99 - $4,932  
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).
)
$39,257 - $75,885  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 835
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$14$28$42
Hourly Rate
$14.72 - $26.79  
   
Overtime
$22.04 - $39.38  
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$28K$56K$84K
Bonus
$302.70 - $6,091  
   
Profit Sharing
$148.99 - $4,932  
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).
)
$39,257 - $75,885  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 137

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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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Though not the most common occurrence, Cost Accountants sometimes become Plant Controllers, where the average income is $90K per year. Cost Accountants moving up in their careers tend to step into positions as Senior Accountants or Accounting Managers. The median paychecks in those roles are $5K higher and $6K higher, respectively.

Cost Accountant Job Listings

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Popular Employer Salaries for Cost Accountant


Popular Skills for Cost Accountant


Cost Accountants report using a large range of skills on the job. Most notably, skills in SAP SAP Financial Accounting and Controlling, ERP, Financial Analysis, and Financial Reporting are correlated to pay that is above average, with boosts between 6 percent and 11 percent. At the other end of the pay range are skills like Microsoft Word, Accounts Payable, and Microsoft Excel. Those proficient in Cost Accounting are, more often than not, also skilled in Financial Analysis and Microsoft Office. People who know Microsoft Excel usually also know Microsoft Office and Financial Analysis.

Pay by Experience Level for Cost Accountant

Pay by Experience for a Cost Accountant has a positive trend. An entry-level Cost Accountant with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 578 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 256 salaries. An experienced Cost Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 210 salaries. A Cost Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 95 salaries.

Pay Difference by Location

National Average: $54,483

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

Home to some of the best pay for Cost Accountants, Houston offers exceptional salaries, 29 percent above the national average. Cost Accountants will also find cushy salaries in San Jose (+28 percent), Dallas (+13 percent), San Diego (+12 percent), and Wichita (+10 percent). St. Louis is home to the smallest salaries in the field, lagging the national average by 14 percent. Two other places where employers offer below-median salaries are Cincinnati (6 percent less) and Kansas City (5 percent less).

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 135 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
20%
10-19 years
18%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Cost Accountant Salaries

▲17%

▲16%

▲10%

National Average
$54,000

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 135 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
20%
10-19 years
18%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 75%
vision benefits
Vision: 62%
no benefits
None: 12%
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