$54,843
Avg. Salary
$20.51
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$2,432

Profit Sharing

$1,375

The average pay for a Cost Accountant is $20.51 per hour.

The average pay for a Cost Accountant is $54,843 per year.

$15
10%
$21
50%
$27
90%
MEDIAN $21
$41k
10%
$55k
50%
$75k
90%
MEDIAN $54,843
$41,094 - $74,707
$41K
$55K
$75K
MEDIAN: $54,843
10%
50%
90%

Add this chart to your site: 640px    300px

$15.08 - $26.97
$15
$21
$27
MEDIAN: $20.51
10%
50%
90%

Add this chart to your site: 640px    300px

$0$75K
Salary $41,094 - $74,707
Bonus $486 - $7,020
Profit Sharing $101 - $7,891
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).
)
$39,818 - $75,774
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 1,576
Hourly Data $0$39
Hourly Rate $15.08 - $26.97
Overtime $22.14 - $39.24
Annual Data $0$75K
Bonus $486 - $7,020
Profit Sharing $101 - $7,891
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).
)
$39,818 - $75,774
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 261

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.

Read More...

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.

Cost Accountant Pay By Employer

$0$70K

$64,412

Common Career Paths for Cost Accountant


Add this chart to your site:   640px 640px    300px 300px


Though it's uncommon, some Cost Accountants move into roles as Plant Controllers, where pay is an average $90K per year. Cost Accountants most often move into positions as Senior Accountants or Accounting Managers; those groups report median salaries that are $5K higher and $6K higher, respectively.

Cost Accountant Job Listings

Popular Skills for Cost Accountant


Survey results imply that Cost Accountants deploy a deep pool 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 5 percent and 10 percent. Skills that seem to negatively impact pay include Microsoft Word, Accounts Payable, and Microsoft Excel. Most people skilled in Cost Accounting are similarly competent in Financial Analysis and Microsoft Office. A tool kit that includes Microsoft Excel also typically contains 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

29%

13%

2%

-3%

-14%

National Average: $54,493

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

For Cost Accountants, working in the bustling city of Houston has its advantages, including an above-average pay rate. Cost Accountants can also look forward to large paychecks in cities like San Jose (+28 percent), Dallas (+12 percent), San Diego (+12 percent), and Wichita (+10 percent). With compensation 14 percent below the national average, St. Louis is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Cincinnati (7 percent less) and Kansas City (6 percent less).

Cost Accountant Reviews

Q: What is it like working as a Cost Accountant?

Cost Accountant in Elkhart:
"Elkhart - Growing Industry."
Pros: The city is being growing and developing making it more of an appealing place to work.
Cons: The commute to Elkhart is congested anytime after 2pm making it a frustrating drive home.

Cost Accountant in Lexington:
"Underpaid and underutilized."
My employer seems to not understand the role of a professional accountant. Duties assigned are that of a bookkeeper or accounting associate, not those of a degreed accountant or better. Professional advice is not taken seriously. The COO really needs to learn how to better delegate and let his managers do their jobs as they are specifically trained to do the work. He is overly involved in work he is not qualified to perform. Make sure you work for a professional company who understands what accountants really do for a living.

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 273 votes.
Less than 1 year
6%
1-4 years
46%
5-9 years
21%
10-19 years
17%
20 years or more
10%

Experience Affects Cost Accountant Salaries

▲17%

▲15%

▲10%

National Average
$54,000

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 273 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
6%
1-4 years
46%
5-9 years
21%
10-19 years
17%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
vision benefits
Vision: 63%
no benefits
None: 13%