Avg. Base Salary (USD)
The average salary for a Cost Accountant is $63,469 in 2023
What is the Pay by Experience Level for Cost Accountants?
An entry-level Cost Accountant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56,170 based on 54 salaries. An early career Cost Accountant with 1-4 years of experience earns an average total compensation of $60,857 based on 516 salaries. A …Read more
What Do Cost Accountants Do?
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 …Read more
How do Cost Accountants Rate Their Jobs?
FAQs About Cost Accountants
What is the highest pay for Cost Accountants?
Our data indicates that the highest pay for a Cost Accountant is $84k / year
What is the lowest pay for Cost Accountants?
Our data indicates that the lowest pay for a Cost Accountant is $50k / year
How can Cost Accountants increase their salary?
Increasing your pay as a Cost Accountant is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Cost Accountant that oversees more junior Cost Accountants, this experience can increase the likelihood to earn more.