As of May 01, 2026, the average salary for a Cost Analyst II in the United States is $82,705 per year, which breaks down to an hourly rate of $40.
However, a Cost Analyst II's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Analyst II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Cost Analyst II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Cost Analyst I | 0-2 years | $66,343 |
| Cost Analyst II | 2-4 years | $82,705 |
| Cost Analyst III | 4-7 years | $94,777 |
| Cost Analyst IV | 7+ years | $120,625 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Cost Analyst IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 16.82% |
| Microsoft Office | 2.26% |
| Economics | 1.27% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Coordination
|
$86,013 |
4%
|
|
Innovation
|
$86,013 |
4%
|
|
Financial Management
|
$86,013 |
4%
|
|
Economics
|
$86,013 |
4%
|
|
Collaboration
|
$86,013 |
4%
|
|
Decision Making
|
$85,186 |
3%
|
Your level of education can impact your salary potential. While many Cost Analyst IIs enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Cost Analyst II with a Bachelor's Degree is between $77,761 and $83,170).
Cost Analyst II Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 4.0% |
| High School | 4.0% |
| Associates | 4.0% |
| Bachelors | 66.7% |
| Masters | 25.3% |
| Doctorate | 0.0% |
Understanding how a Cost Analyst II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026Promotions are the fastest way to increase your earnings. As a Cost Analyst II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Cost Analyst III | $94,777 | 15% |
| Telecommunication Rates Manager | $116,272 | 41% |
Salaries for a Cost Analyst II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $75,617 in 2023 to around $74,925 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Cost Analyst II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $75,617 |
| 2024 | $75,321 |
| 2025 | $74,925 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Cost Analyst II'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 II earns the most in San Jose, CA, where the annual salary of a Cost Analyst II is $104,316.
The highest pay for Cost Analyst II is $96,179.
The lowest pay for Cost Analyst II is $70,492.
Provides cost analysis results to assist management in decision making or other financial initiatives. Performs variance analysis between actual and standard costs. Monitors, analyzes, and reports on inventory valuation, production, and various other costs. Typically requires a bachelor's degree or its equivalent. Typically reports to a Manager. Has exposure to some of the more complex tasks within the job function. Some supervision in several aspects of the work required. Typically requires 2 to 4 years of related experience.
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.
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