As of March 01, 2025, the average annual salary for a Cost Analyst IV in Westland, MI is $125,758. Salary.com reports that pay typically ranges from $111,465 to $143,096, with most professionals earning between $98,452 and $158,882.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $141,260 | $11,772 | $2,717 | $68 |
| Average | $124,144 | $10,345 | $2,387 | $60 |
| 25th Percentile | $110,035 | $9,170 | $2,116 | $53 |
An entry-level Cost Analyst IV with under 1 year experience makes about $116,998. With less than 2 years of experience, a mid-level Cost Analyst IV makes around $118,053. After 2-4 years, the Cost Analyst IV pay rises to about $119,108. Those senior Cost Analyst IV with 5-8 years of experience earn roughly $122,905, and those Cost Analyst IV having 8 years or more experience are expected to earn about $131,294 on average.
| Levels | Salary |
|---|---|
| Entry Level Cost Analyst IV | $116,998 |
| Intermediate Level Cost Analyst IV | $118,053 |
| Senior Level Cost Analyst IV | $119,108 |
| Specialist Level Cost Analyst IV | $122,905 |
| Expert Level Cost Analyst IV | $131,294 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 1% |
| Experienced | 6% |
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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.
Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
ERP Systems: Leveraging advanced tools and software systems to automate and manage core business functions cost-effectively to maximize performance.
| Skill | Salary | Demand |
|---|---|---|
|
Financial Management
|
$142,107 |
13%
|
|
Insight
|
$135,819 |
8%
|
|
Program Management
|
$135,819 |
8%
|
|
Economics
|
$134,561 |
7%
|
|
Analytical Skills
|
$134,561 |
7%
|
|
Consulting
|
$133,304 |
6%
|
