$79,000
Avg. Salary
Avg. Hourly Rate
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The average pay for a Cost Analyst in Washington, District of Columbia is {{pay}} per hour.

The average pay for a Cost Analyst in Washington, District of Columbia is $79,000 per year.

$0
10%
$0
50%
$0
90%
MEDIAN $0
$45k
10%
$79k
50%
$136k
90%
MEDIAN $79,000
$44,850 - $135,627
$45K
$79K
$140K
MEDIAN: $79,000
10%
50%
90%

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$0$136K
Salary $44,850 - $135,627
Bonus $1,200
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).
)
$44,850 - $136,905
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 23

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 Washington, District of Columbia

District of Columbia, District of Columbia
672,228
Male:
319,705 (47.6%)
Female:
352,523 (52.4%)
Washington, D.C., formally the District of Columbia and commonly referred to as "Washington", "the District", or simply "D.C.", is the capital of the United States. The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River on the country's East Coast. The U.S. Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, which included the pre-existing settlements of Georgetown and Alexandria. Named in honor of President George Washington, the City of Washington was founded in 1791 to serve as the new national capital. In 1846, Congress returned the land originally ceded by Virginia; in 1871, it created a single municipal government for the remaining portion of the District. Washington had an estimated...
Washington:
$75,628
District of Columbia:
$75,628
$1,417
Washington:
$551,300
District of Columbia:
$551,300
5.0%

Cost Analyst Job Listings

Key Stats for Cost Analyst

Gender

Female
75 %
Male
25 %
Less than 1 year
13%
1-4 years
35%
5-9 years
35%
10-19 years
17%

Skills That Affect Cost Analyst Salaries

Data Analysis
▲31%

Financial Analysis
▲11%

National Average
$79,000

Microsoft Excel
▼8%

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
13%
1-4 years
35%
5-9 years
35%
10-19 years
17%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 72%
vision benefits
Vision: 56%
no benefits
None: 6%