The salary of a Cost Analyst I in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of January 01, 2025, the average annual salary for a Cost Analyst I in the United States is $66,737. According to Salary.com, salaries can range from a low of $53,201 to a high of $82,943, with most professionals earning between $59,652 and $75,220.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $75,220 | $6,268 | $1,447 | $36 |
| Average | $66,737 | $5,561 | $1,283 | $32 |
| 25th Percentile | $59,652 | $4,971 | $1,147 | $29 |
An entry-level Cost Analyst I with less than 1 year of experience earns about $65,773. With 1-2 years of experience, the average salary increases to $66,549. For 2-4 years of experience, the pay typically rises to $68,436. Senior-level professionals with 5-8 years of experience earn around $68,813, and those with over 8 years of experience can expect an average of $69,064.
| Levels | Salary |
|---|---|
| Entry Level Cost Analyst I | $65,773 |
| Intermediate Level Cost Analyst I | $66,549 |
| Senior Level Cost Analyst I | $68,436 |
| Specialist Level Cost Analyst I | $68,813 |
| Expert Level Cost Analyst I | $69,064 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 3% |
| Top Level | 3% |
| Experienced | 3% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Cost Analyst I compensation over the past six years. For example, the median salary increased from $64,456 in 2023 to approximately $64,530 in 2024. (For a detailed analysis of Cost Analyst I salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Cost Analyst I information for you to search for. Click on search button below to see Cost Analyst I job openings or enter a new job title here.
Here are companies hiring for Cost Analyst I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $66,737 | 67.1% | ||
| Bonus | $2,476 | 2.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,295 | 5.3% | ||
| 401K/403B | $2,907 | 2.9% | ||
| Disability | $1,384 | 1.4% | ||
| Healthcare | $8,352 | 8.4% | ||
| Pension | $3,738 | 3.8% | ||
| Time Off | $8,519 | 8.6% | ||
| Total Compensation | $99,408 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 3.6% |
| Associates | 8.4% |
| Bachelors | 67.5% |
| Masters | 19.3% |
| Doctorate | 1.2% |
What Am I Worth?
The average annual salary of Cost Analyst I is $66,737. In case you are finding an easy salary calculator, the average hourly pay of Cost Analyst I is $32; the average weekly pay of Cost Analyst I is $1,283; the average monthly pay of Cost Analyst I is $5,561.
A Cost Analyst 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 Analyst I earns the most in San Jose, CA, where the annual salary of a Cost Analyst I is $83,755.
The highest pay for Cost Analyst I is $82,943.
The lowest pay for Cost Analyst I is $53,201.
Cost Analyst I performs variance analysis between actual and standard costs to assist management in decision making or other financial initiatives. Monitors, analyzes, and reports on inventory valuation, production, and various other costs. Being a Cost Analyst I provides productivity analysis. May require a bachelor's degree or its equivalent. Additionally, Cost Analyst I typically reports to a Manager. The Cost Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Cost Analyst I typically requires 0-2 years of related experience.
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.
Forecasting: Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
