As of July 01, 2026, the average salary for a Cost Analyst III in Fallston, MD is $96,307 per year, which breaks down to an hourly rate of $46.
However, a Cost Analyst III's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Analyst III'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, skills, and company size can directly affect your earning potential.
Experience is a primary driver of a Cost Analyst III'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 | $67,413 |
| Cost Analyst II | 2-4 years | $84,038 |
| Cost Analyst III | 4-7 years | $96,307 |
| Cost Analyst IV | 7+ years | $122,580 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 21.38% |
| Purchasing | 1.7% |
| Microsoft Excel | 1.29% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Data Analysis
|
$100,159 |
4%
|
|
Project Control
|
$100,159 |
4%
|
|
Commitment
|
$100,159 |
4%
|
|
Communicates Effectively
|
$99,196 |
3%
|
|
Financial Management
|
$99,196 |
3%
|
|
Scheduling
|
$99,196 |
3%
|
Cost Analyst III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $107,718. While startup companies pay approximate $91,097.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $91,097 |
| Growth Stage | 51~500 | $96,350 |
| Established | 501~5000 | $104,022 |
| Enterprise | 5000+ | $107,718 |
For Cost Analyst III roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Aerospace & Defense sectors offer the strongest compensation, at 20% above the average. In contrast, Cost Analyst positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Cost Analyst III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $115,568 | $56.0 | 20% |
Understanding how a Cost Analyst III'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 July 01, 2026Promotions are the fastest way to increase your earnings. As a Cost Analyst III, 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 IV | $122,580 | 27% |
| Telecommunication Rates Manager | $118,149 | 23% |
Ready to take the next step in your career? Browse thousands of current Cost Analyst III job openings on our job board. Use the search bar below to find your perfect match.
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