The salary of a Cost Accountant I in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of December 01, 2024, the average annual pay of Cost Accountant I in the United States is $69,306. While Salary.com is seeing that the highest pay for Cost Accountant I in the US can go up to $83,952 and the lowest down to $56,379, but most earn between $62,540 and $76,973. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Accountant I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $76,973 | $6,414 | $1,480 | $37 |
| Average | $69,306 | $5,776 | $1,333 | $33 |
| 25th Percentile | $62,540 | $5,212 | $1,203 | $30 |
As of December 01, 2024, Salary.com is seeing that an entry-level Cost Accountant I with under 1 year experience makes about $68,455. With less than 2 years of experience, a mid-level Cost Accountant I makes around $69,185. After 2-4 years, the Cost Accountant I pay rises to about $70,893. Those senior Cost Accountant I with 5-8 years of experience earn roughly $71,234, and those Cost Accountant I having 8 years or more experience is expected to earn about $71,462 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Accountant I | $68,455 |
| Intermediate Level Cost Accountant I | $69,185 |
| Senior Level Cost Accountant I | $70,893 |
| Specialist Level Cost Accountant I | $71,234 |
| Expert Level Cost Accountant I | $71,462 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 3% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Cost Accountant I is $76,445 in California and in Massachusetts, the average annual salary goes to $75,405. While in New Jersey, a Cost Accountant I earns $75,960 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Cost Accountant I in San Francisco, CA is $86,633 and in New York, NY, the average annual salary goes to $80,950. While a Cost Accountant I earns $77,692 per year in Boston, MA.
For those exploring the changing dynamics of Cost Accountant I salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Cost Accountant I compensation over the past six years. For instance, the median salary has moved from $57,899 in 2023 to about $56,946 in 2024 (for a comprehensive analysis of Cost Accountant I salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Cost Accountant I information for you to search for. Click on search button below to see Cost Accountant I job openings or enter a new job title here.
Here are companies hiring for Cost Accountant I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $69,306 | 68.2% | ||
| Bonus | $1,608 | 1.6% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,425 | 5.3% | ||
| 401K/403B | $2,978 | 2.9% | ||
| Disability | $1,418 | 1.4% | ||
| Healthcare | $8,352 | 8.2% | ||
| Pension | $3,829 | 3.8% | ||
| Time Off | $8,728 | 8.6% | ||
| Total Compensation | $101,646 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.6% |
| High School | 7.1% |
| Associates | 6.5% |
| Bachelors | 70.0% |
| Masters | 15.8% |
What Am I Worth?
The average annual salary of Cost Accountant I is $69,306. In case you are finding an easy salary calculator, the average hourly pay of Cost Accountant I is $33; the average weekly pay of Cost Accountant I is $1,333; the average monthly pay of Cost Accountant I is $5,776.
A Cost Accountant I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Cost Accountant I earns the most in San Jose, CA, where the annual salary of a Cost Accountant I is $86,979.
The highest pay for Cost Accountant I is $83,952.
The lowest pay for Cost Accountant I is $56,379.
Cost Accountant I determines and implements cost accounting procedures and methods. Responsible for the preparation and analysis of cost reports and costing audits. Being a Cost Accountant I examines and reviews unusual cost records and ensures cost data is allocated correctly. May require a bachelor's degree. Additionally, Cost Accountant I typically reports to a supervisor or manager. To be a Cost Accountant I typically requires 0-2 years of related experience. Works on projects/matters of limited complexity in a support role. Work is closely managed.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
CPA: A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.
Generally Accepted Accounting Principles: Helping and maintaining accounting rules and standards for financial reporting to ensure consistency and transparency.
