The average salary for a Cost Accountant is $56,344.
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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 va…Read more
Job Satisfaction for Cost Accountant
Popular Employer Salaries for Cost Accountant
The top respondents for the job title Cost Accountant are from the companies World Wide Technology, Inc., National Oilwell Varco and Dow Chemical Co. Reported salaries are highest at PPG Industries, Inc. where the average pay is $65,595. Other companies that offer high salaries for this role include Dow Chemical Co and World Wide Technology, Inc., earning around $64,042 and $51,388, respectively. East Penn Manufacturing Co. Inc. pays the lowest at around $41,593. Mistequay Group Ltd and Teknor Apex Company also pay on the lower end of the scale, paying $43,284 and $48,600, respectively.
Cost Accountant Job Listings
What Are Popular Skills for Cost Accountants?
Skills in Cost Accounting, Month-End Close and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Microsoft Excel.
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 $48,960 based on 95 salaries. An early career Cost Accountant with 1-4 years of experience earns an average total compensation of $53,147 based on 761 salaries. A mid-career Cost Accountant with 5-9 years of experience earns an average total compensation of $61,888 based on 340 salaries. An experienced Cost Accountant with 10-19 years of experience earns an average total compensation of $64,509 based on 238 salaries. In their late career (20 years and higher), employees earn an average total compensation of $65,059.
Pay Difference by Location
Employees with Cost Accountant in their job title in Houston, Texas earn an average of 15.9% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (2.5% more). The lowest salaries can be found in Cincinnati, Ohio (10.5% less), Dallas, Texas (9.6% less) and St. Louis, Missouri (8.5% less).
Years of Experience
This data is based on 1,588 survey responses.