$54,813
Avg. Salary

Average additional compensation for this job:

Bonus

$2,359

Profit Sharing

$1,238
Pay for Cost Accountants in the United States sits in the ballpark of $55K annually. With some bonuses approaching $6K and certain profit sharing proceeds approaching $8K, overall incomes of Cost Accountants spread between $40K and $76K depending on individual performance. The most influential factor affecting pay for this group is geography, though the specific employer and tenure have a (lesser) impact as well. Women make up a slight majority of Cost Accountants (52 percent) survey respondents. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Most Cost Accountants like their work and job satisfaction is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$41,058 - $74,654
$41K
$55K
$75K
MEDIAN: $54,813
10%
50%
90%

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$15.05 - $27.06
$15
$20
$27
MEDIAN: $20.21
10%
50%
90%

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$0$75K
Salary $41,058 - $74,654
Bonus $293 - $7,053
Profit Sharing $98.63 - $7,978
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).
)
$39,639 - $75,920
  • Country: United States
  • Currency: USD
  • Updated: 15 Jul 2018
  • Individuals Reporting: 1,583
Hourly Data $0$39
Hourly Rate $15.05 - $27.06
Overtime $22.11 - $39.10
Annual Data $0$75K
Bonus $293 - $7,053
Profit Sharing $98.63 - $7,978
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).
)
$39,639 - $75,920
  • Country: United States
  • Currency: USD
  • Updated: 15 Jul 2018
  • Individuals Reporting: 257

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.

Popular Employer Salaries for Cost Accountant


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. 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

National Average: $54,568

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).

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
50 %
Male
50 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 263 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
21%
10-19 years
18%
20 years or more
10%

Experience Affects Cost Accountant Salaries

▲17%

▲15%

▲10%

National Average
$55,000

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 263 votes.

Gender

Female
50 %
Male
50 %

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: 85%
dental benefits
Dental: 75%
vision benefits
Vision: 63%
no benefits
None: 12%