Cost Analyst Salary (United States)

A Cost Analyst earns an average salary of $56,110 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
Cost Analyst 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.
)
$40,452 - $83,983
(Median)
40K
56K
69K
84K
MEDIAN: $56,110
10%
50%
75%
90%
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Cost Analyst 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.
)
$15.06 - $37.58
(Median)
15
22
29
38
MEDIAN: $21.00
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$29K$58K$87K
Salary
$40,452 - $83,983  
   
Bonus
$0.00 - $6,624  
Profit Sharing
$296.96 - $7,405  
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).
)
$39,409 - $85,535  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 605
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$20$40$60
Hourly Rate
$15.06 - $37.58  
   
Overtime
$21.97 - $58.27  
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$50K$100K$150K
Bonus
$0.00 - $6,624  
   
Profit Sharing
$296.96 - $7,405  
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).
)
$39,409 - $85,535  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 88
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Job Description for Cost Analyst

Cost analysts are responsible for analyzing and controlling a company's expenses. Their main tasks include developing standard costs, determining product costs, creating a budget, and analyzing differences in company costs and standard costs. They are also in charge of preparing statements and reports, sharing information with colleagues as needed, supervising audit files, attending meetings and projects requiring financial input, and training certain managers in cost management. Cost analysts should be familiar with accounting and cost-management software, as well as basic computer software such as the Microsoft Office suite. They should have a good understanding of database principles and should be able to communicate well orally and in writing. Some good skills for cost analysts to have include the ability to work in a team as well as alone, organization, resourcefulness, the ability to manage priorities and deadlines, and the ability to solve problems. Cost analysts usually work alone, but they also work with supervisors to explain financial issues and provide other coworkers with any needed training.
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Cost Analyst Tasks
  • Analyze actual compared to standard costs for ongoing expenses, and identify opportunities and risks.
  • Assist in developing annual operations plan and estimating new product costs, including economic analysis.
  • Perform cost-benefit analyses, and recommend process improvements and unit changes to reduce costs.
  • Maintain pricing and inventory system data quality.

Common Career Paths for Cost Analyst

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Cost Analyst Job Listings

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Popular Skills for Cost Analyst

Pay by Experience Level for Cost Analyst

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

Pay Difference By Location

Washington
up arrow 33%
Arlington
up arrow 21%
Boston
up arrow 19%
up arrow 13%
Dallas
up arrow 13%
National Average
$56,000
New York
up arrow 3%
San Diego
up arrow 4%
Detroit
up arrow 7%
Salt Lake City
up arrow 16%
Dayton
up arrow 19%
Orlando
up arrow 20%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Cost Analyst Salaries

National Average
$56,000

Skills That Affect Cost Analyst Salaries

Microsoft Excel
up arrow 2%
National Average
$56,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 202 votes.

Gender

Female
43%
female alumni
 
Male
57%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
50%
5-9 years
24%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 69% employee benefits None: 8%
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