As of August 01, 2026, the average salary for a Cost Accountant in Woolford, MD is $79,604 per year, which breaks down to an hourly rate of $38.
However, a Cost Accountant's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Accountant'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 Accountant'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:
| Levels | Salary |
|---|---|
| Cost Acco... Level Cost Accountant | $66,965 |
| Cost Acco... Level Cost Accountant | $79,070 |
| Cost Acco... Level Cost Accountant | $93,862 |
| Cost Acco... Level Cost Accountant | $108,659 |
| Cost Acco... Level Cost Accountant | $106,329 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 13.68% |
| Bill of Materials | 1.58% |
| Financial Reporting | 1.06% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Innovation
|
$85,176 |
7%
|
|
Supply Chain
|
$81,992 |
3%
|
|
Commitment
|
$81,992 |
3%
|
|
Leadership
|
$81,196 |
2%
|
|
Team Operations
|
$81,196 |
2%
|
|
Finance and Accounting
|
$80,400 |
1%
|
For Cost Accountant roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Insurance sectors offer the strongest compensation, at 25% above the average. In contrast, Cost Accountant positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Cost Accountant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $99,505 | $48.0 | 25% |
| Insurance | $95,525 | $46.0 | 20% |
| Pharmaceuticals | $95,525 | $46.0 | 20% |
| Financial Services | $91,544 | $44.0 | 15% |
| Aerospace & Defense | $87,564 | $42.0 | 10% |
Understanding how a Cost Accountant'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 August 01, 2026Ready to take the next step in your career? Browse thousands of current Cost Accountant job openings on our job board. Use the search bar below to find your perfect match.
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