$54,157
Avg. Salary
Avg. Hourly Rate
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The average pay for a Cost Analyst in Detroit, Michigan is {{pay}} per hour.

The average pay for a Cost Analyst in Detroit, Michigan is $54,157 per year.

$0
10%
$0
50%
$0
90%
MEDIAN $0
$43k
10%
$54k
50%
$69k
90%
MEDIAN $54,157

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

  • Perform cost-benefit analyses, and recommend process improvements and unit changes to reduce costs.
  • Maintain pricing and inventory system data quality.
  • 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.

About Detroit, Michigan

Wayne County, Michigan
677,124
Male:
319,265 (47.2%)
Female:
357,859 (52.8%)
Detroit (/dᵻˈtrɔɪt/) is the most populous city in the U.S. state of Michigan, the fourth-largest city in the Midwest and the largest city on the United States–Canada border. It is the seat of Wayne County, the most populous county in the state. The municipality of Detroit had a 2015 estimated population of 677,116, making it the 21st-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people and lies at the heart of the Great Lakes Megalopolis area, with around 60 million people. Roughly one-half of Michigan's population lives in Metro Detroit alone. The Detroit–Windsor area, a commercial link straddling the Canada–U.S. border, has a total population of about 5.7 million. Detroit is a major port on the Detroit River, a strait that connects the Great Lakes system to the Saint Lawrence Seaway. The Detroit Metropolitan Airport is among the most important hubs...
Detroit:
$25,980
Michigan:
$51,084
$747
Detroit:
$42,600
Michigan:
$137,500
10.9%

Cost Analyst Job Listings

Key Stats for Cost Analyst

Gender

Female
67 %
Male
33 %
1-4 years
67%
5-9 years
11%
10-19 years
11%
20 years or more
11%

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
67%
5-9 years
11%
10-19 years
11%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 78%
vision benefits
Vision: 56%
no benefits
None: