Cost Accountant Salary

Median pay for Cost Accountants in the United States is around $55K per year. Total incomes of Cost Accountants incorporate potential for, in a few cases, more than $6K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $39K and $76K. While the company and experience level impact pay for this group, geographic location is the most influential factor. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Women Cost Accountants who took the survey just slightly outnumber men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$40,829 - $74,772
$41K
$55K
$75K
MEDIAN: $54,890
10%
50%
90%

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$14.72 - $26.26
$15
$20
$26
MEDIAN: $19.66
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
$40,829 - $74,772  
   
Bonus
$394.53 - $6,180  
Profit Sharing
$197.97 - $5,051  
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).
)
$39,309 - $75,851  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 809
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
$14.72 - $26.26  
   
Overtime
$22.04 - $38.98  
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
$394.53 - $6,180  
   
Profit Sharing
$197.97 - $5,051  
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).
)
$39,309 - $75,851  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 127

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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 it's uncommon, some Cost Accountants move into roles as Plant Controllers, where pay is an average $90K per year. Career advancement for the typical Cost Accountant often leads to becoming a Senior Accountant or an Accounting Manager; median salaries in these positions 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 seem to exploit 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. Most people familiar with Microsoft Excel also know Microsoft Office and Financial Analysis. For most people, competency in Cost Accounting indicates knowledge of Financial Analysis and Microsoft Office.

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: $54,379

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 (+29 percent), Dallas (+13 percent), San Diego (+13 percent), and Wichita (+11 percent). In St. Louis, salaries are 14 percent below the national average and represent the lowest-paying market. Employers pay around 6 percent less in Cincinnati and 5 percent less in Kansas City, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 125 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
21%
10-19 years
18%
20 years or more
10%
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 125 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
21%
10-19 years
18%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 75%
vision benefits
Vision: 61%
no benefits
None: 11%
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