Cost Accountant Salary (United States)

A Cost Accountant earns an average salary of $50,900 per year. People in this job generally don't have more than 20 years' experience. A skill in SAP Enterprise Resource Planning (ERP) is associated with high pay for this job.
Cost Accountant Salary (?
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.
)
$37,516 - $68,153
(Median)
38K
43K
51K
60K
68K
MEDIAN: $50,899
10%
25%
50%
75%
90%
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Cost Accountant Salary (?
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.
)
$14.06 - $27.45
(Median)
14
19
23
27
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
$37,516 - $68,153  
   
Bonus
$0.00 - $5,944  
Profit Sharing
$352.34 - $4,975  
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).
)
$36,059 - $69,979  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,399
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
$14.06 - $27.45  
   
Overtime
$21.56 - $41.28  
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 - $5,944  
   
Profit Sharing
$352.34 - $4,975  
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).
)
$36,059 - $69,979  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 224
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United States (change)
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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

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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

Boston
up arrow 52%
Los Angeles
up arrow 19%
Denver
up arrow 15%
Minneapolis
up arrow 15%
Dallas
up arrow 14%
Houston
up arrow 9%
up arrow 8%
Phoenix
up arrow 7%
St. Louis
up arrow 1%
Atlanta
up arrow 1%
National Average
$51,000
Cleveland
up arrow 1%
Philadelphia
up arrow 2%
Dayton
up arrow 5%
Grand Rapids
up arrow 15%
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 10%
ERP
up arrow 8%
Cost Accounting
up arrow 4%
Financial Reporting
up arrow 4%
Microsoft Access
up arrow 1%
Microsoft Excel
0%
Data Analysis
0%
National Average
$51,000
Microsoft Office
up arrow 1%
Microsoft Word
up arrow 2%
Windows Operating System General Use
up arrow 3%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 447 votes.

Gender

Female
51%
female alumni
 
Male
49%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
26%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 59% employee benefits None: 12%
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