What are the main factors that influence a Cost Analyst's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change a Cost Analyst's salary?

A Cost Analyst's salary grows with experience: starting around $82,874 for beginners, reaching about $85,562 at mid-level, and approach $88,784 for experts.

What are the highest paying states for a Cost Analyst?

Cost Analyst salary varies significantly by state. The top 3 highest paying states for Cost Analyst roles are District of Columbia $94,734, California $94,375, Massachusetts $93,117. These tech hubs typically pay 10-15% above the national average.

How much do different types of Cost Analyst roles make?

Salaries for Cost Analyst level roles vary by specialization: Cost Analyst IV: $120,615; Cost Analyst III: $94,781; Cost Control Analyst: $92,795; Procurement Cost Analyst: $84,800; Cost Analyst II: $82,709.

How do different companies affect a Cost Analyst's salary?

Company size, industry, and compensation structure create significant salary variations for Cost Analyst roles. Large, established industry leaders like C R Bard Inc ($128,509) and Henry Schein Canada ($124,697) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $82,041.

Cost Analyst Salary in the United States

How much does a Cost Analyst make in the United States?

As of January 01, 2026, the average salary for a Cost Analyst in the United States is $85,562 per year, which breaks down to an hourly rate of $41.

However, a Cost Analyst's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $99,515
Majority Range (25th-75th percentile): $79,060 to $92,865
Entry-Level (10th percentile): $73,141

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Cost Analyst Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$92,865	$7,739	$1,786	$45
Average	$85,562	$7,130	$1,645	$41
25th Percentile	$79,060	$6,588	$1,520	$38

You may get higher pay by adjusting the following factors:

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Check out Cost Analyst Job Openings in the United States

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Key Factors That Influence Cost Analyst Salaries

A Cost Analyst'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.

How Experience Level Affects Cost Analyst Salaries?

Experience is a primary driver of a Cost Analyst'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:

Entry-Level (less than 1 year): $82,874
Early Career (1-2 years): $83,069
Mid-Level (2-4 years): $85,562
Senior-Level (5-8 years): $88,569
Expert (over 8 years): $88,784

Levels	Salary
Entry Level Cost Analyst	$82,874
Intermediate Level Cost Analyst	$83,069
Senior Level Cost Analyst	$85,562
Specialist Level Cost Analyst	$88,569
Expert Level Cost Analyst	$88,784

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What Am I Worth?

How Do Cost Analyst Salaries Vary from State to State?

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 Analysts. For example, consider the average annual salaries in these key locations:

District of Columbia: $94,734.
California: $94,375.
Massachusetts: $93,117.

District of Columbia $94,734 California $94,375 Massachusetts $93,117 Washington $92,775 New Jersey $92,741 Alaska $92,621 Connecticut $91,440 New York $90,961

Hawaii $89,429 Rhode Island $88,711 Maryland $88,223 Minnesota $87,555 Colorado $87,299 Illinois $87,213 Oregon $86,888 Delaware $86,649

New Hampshire $86,498 Virginia $86,161 Pennsylvania $85,177 Nevada $84,681 North Dakota $84,518 Michigan $84,261 Wisconsin $84,167 Vermont $83,979

Texas $83,457 Maine $83,423 Arizona $83,372 Ohio $83,312 Georgia $82,524 Indiana $82,131 Wyoming $82,054 Utah $81,934

Iowa $81,883 Kansas $81,472 Louisiana $81,352 North Carolina $81,309 Missouri $81,292 Florida $80,959 Montana $80,779 Nebraska $80,608

Kentucky $80,514 South Carolina $80,172 Tennessee $79,958 Idaho $79,872 New Mexico $79,247 Oklahoma $79,111 Alabama $78,606 South Dakota $77,759

Arkansas $77,297 West Virginia $77,048 Mississippi $76,304

Top Paying Cities for Cost Analysts

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $107,919
San Francisco: $106,858
Oakland: $104,488

San Jose, CA $107,919

San Francisco, CA $106,858

Oakland, CA $104,488

New York, NY $99,158

Queens Village, NY $98,516

Paramus, NJ $97,831

Passaic, NJ $97,746

Bergenfield, NJ $97,660

Stamford, CT $97,532

Huntington, NY $97,446

Newark, NJ $96,890

Bridgeport, CT $96,719

New Brunswick, NJ $96,437

Vallejo, CA $96,257

Middlesex, NJ $96,206

Somerset, NJ $96,129

Petaluma, CA $95,932

Santa Cruz, CA $95,598

Boston, MA $95,427

Monterey, CA $94,999

Fairbanks, AK $94,939

Los Angeles, CA $94,777

Washington, DC $94,734

Seattle, WA $94,580

Santa Rosa, CA $94,563

Juneau, AK $94,315

Orange, CA $94,033

Anchorage, AK $93,879

Anaheim, CA $93,819

Santa Ana, CA $93,690

Nassau, NY $93,639

Long Beach, CA $93,605

Danbury, CT $93,579

Santa Maria, CA $93,288

Everett, WA $93,271

Bremerton, WA $92,852

Trenton, NJ $92,689

Sacramento, CA $92,655

San Diego, CA $92,612

Brockton, MA $92,578

Tacoma, WA $92,544

Santa Barbara, CA $92,424

Lowell, MA $92,082

New Suffolk, NY $92,047

Nashua, NH $91,945

Lompoc, CA $91,808

Ventura, CA $91,722

Stockton, CA $91,697

New Haven, CT $91,526

Atlantic City, NJ $91,303

Hartford, CT $91,115

Modesto, CA $91,072

Poughkeepsie, NY $90,884

New Britain, CT $90,841

Olympia, WA $90,721

Kennewick, WA $90,721

New London, CT $90,704

Norwich, CT $90,679

Lawrence, MA $90,636

Bakersfield, CA $90,396

Riverside, CA $90,276

New Bedford, MA $90,276

Richland, WA $90,191

Portsmouth, NH $90,122

Vineland, NJ $90,105

San Bernardino, CA $90,037

Boulder, CO $89,797

Worcester, MA $89,729

Portland, OR $89,652

Saint Paul, MN $89,549

Minneapolis, MN $89,549

Philadelphia, PA $89,429

Honolulu, HI $88,976

Springfield, MA $88,676

Providence, RI $88,668

Chicago, IL $88,420

Bellingham, WA $88,317

Baltimore, MD $88,223

Chico, CA $88,009

Wilmington, DE $87,864

Pittsfield, MA $87,778

Manchester, NH $87,615

Spokane, WA $87,239

Denver, CO $87,230

Albany, NY $86,828

Troy, NY $86,794

Schenectady, NY $86,614

Burlington, VT $86,426

Portland, ME $86,127

Salem, OR $86,058

Yakima, WA $86,041

Ann Arbor, MI $86,015

Rochester, MN $85,776

Fresno, CA $85,733

Reno, NV $85,733

Milwaukee, WI $85,656

Detroit, MI $85,570

Allentown, PA $85,545

Carson City, NV $85,536

Houston, TX $85,408

Colorado Springs, CO $85,399

Syracuse, NY $85,357

Eugene, OR $85,194

Bismarck, ND $85,091

Gary, IN $85,091

Galveston, TX $85,091

Springfield, OR $85,023

Medford, OR $84,818

Fort Collins, CO $84,783

Austin, TX $84,715

Mesa, AZ $84,535

Phoenix, AZ $84,518

Dallas, TX $84,492

Reading, PA $84,441

Saint Cloud, MN $84,407

Concord, NH $84,330

Madison, WI $84,296

Utica, NY $84,065

Raleigh, NC $83,996

Las Vegas, NV $83,988

Rochester, NY $83,928

Des Moines, IA $83,919

Atlanta, GA $83,782

Battle Creek, MI $83,757

Salt Lake City, UT $83,731

Lancaster, PA $83,603

Champaign, IL $83,585

Harrisburg, PA $83,483

Durham, NC $83,406

Kansas City, MO $83,397

Kansas City, KS $83,380

Fort Worth, TX $83,372

Boca Raton, FL $83,337

Cleveland, OH $83,329

Columbus, OH $83,312

Pittsburgh, PA $83,303

Richmond, VA $83,269

Indianapolis, IN $83,252

Cincinnati, OH $83,140

Petersburg, VA $83,012

Billings, MT $82,824

Lansing, MI $82,824

Huntsville, AL $82,824

Lebanon, PA $82,815

Dayton, OH $82,807

Pueblo, CO $82,807

Appleton, WI $82,781

Buffalo, NY $82,747

Racine, WI $82,704

Charlotte, NC $82,696

Saint Louis, MO $82,670

Springfield, IL $82,636

Elkhart, IN $82,619

York, PA $82,619

Gastonia, NC $82,610

Benton Harbor, MI $82,610

Beaumont, TX $82,559

Lorain, OH $82,542

Toledo, OH $82,507

Binghamton, NY $82,465

Rock Hill, SC $82,456

Rockford, IL $82,413

Fargo, ND $82,370

Elyria, OH $82,370

Flagstaff, AZ $82,311

Fort Lauderdale, FL $82,259

Miami, FL $82,208

Duluth, MN $82,071

Bangor, ME $81,960

Cedar Rapids, IA $81,866

Louisville, KY $81,823

Grand Rapids, MI $81,806

Hialeah, FL $81,797

Casper, WY $81,677

Scranton, PA $81,575

New Orleans, LA $81,549

Virginia Beach, VA $81,540

Akron, OH $81,498

Peoria, IL $81,386

Sarasota, FL $81,369

Green Bay, WI $81,309

Baton Rouge, LA $81,267

Charleston, SC $81,250

Nashville, TN $81,224

Jamestown, NY $81,207

Davenport, IA $81,207

Tucson, AZ $81,164

Cheyenne, WY $81,138

Saint Petersburg, FL $81,113

Tampa, FL $81,096

Omaha, NE $81,078

Port Arthur, TX $81,044

Evansville, IN $81,044

Bradenton, FL $81,010

Santa Fe, NM $80,856

Orlando, FL $80,770

Clearwater, FL $80,676

Canton, OH $80,497

La Crosse, WI $80,497

Grand Forks, ND $80,471

Albuquerque, NM $80,445

Tulsa, OK $80,445

Newport News, VA $80,437

High Point, NC $80,411

Ogden, UT $80,377

Corpus Christi, TX $80,308

Laramie, WY $80,257

Norfolk, VA $80,257

Rock Island, IL $80,206

Saginaw, MI $80,189

Jacksonville, FL $80,180

Salisbury, NC $80,163

Memphis, TN $80,146

Moline, IL $80,103

Fort Myers, FL $80,077

Waterloo, IA $79,966

Spartanburg, SC $79,881

Lincoln, NE $79,838

Fort Wayne, IN $79,821

Birmingham, AL $79,727

Cedar Falls, IA $79,709

Provo, UT $79,701

Springfield, OH $79,692

San Antonio, TX $79,675

Greensboro, NC $79,641

South Bend, IN $79,632

Winston Salem, NC $79,624

Boise, ID $79,598

Savannah, GA $79,538

Muskegon, MI $79,384

Lima, OH $79,282

Lake Charles, LA $79,247

Anderson, IN $79,230

Lexington, KY $79,205

Augusta, GA $79,179

Greenville, SC $79,179

Wichita, KS $79,102

Tuscaloosa, AL $79,102

Columbia, SC $79,025

Bloomington, IN $78,811

Roanoke, VA $78,760

Asheville, NC $78,648

Knoxville, TN $78,503

Shreveport, LA $78,494

Wilmington, NC $78,383

Frankfort, KY $78,221

Oklahoma City, OK $78,161

Chillicothe, OH $78,127

Longview, TX $78,118

Topeka, KS $78,092

Mobile, AL $77,964

Terre Haute, IN $77,930

Erie, PA $77,921

Altoona, PA $77,878

Melbourne, FL $77,853

Amarillo, TX $77,819

Killeen, TX $77,793

Fayetteville, AR $77,724

Sioux Falls, SD $77,665

Chattanooga, TN $77,613

Idaho Falls, ID $77,605

Gainesville, FL $77,425

Portsmouth, OH $77,382

Little Rock, AR $77,365

Lynchburg, VA $77,365

Lafayette, LA $77,331

Youngstown, OH $77,331

Temple, TX $77,297

Daytona Beach, FL $77,280

Clarksville, TN $77,271

Pensacola, FL $77,262

Hopkinsville, KY $77,006

Charleston, WV $76,997

Florence, SC $76,954

Sioux City, IA $76,903

Macon, GA $76,655

Tallahassee, FL $76,646

Fayetteville, NC $76,629

Waco, TX $76,612

Wichita Falls, TX $76,612

Pine Bluff, AR $76,578

Vincennes, IN $76,415

Lubbock, TX $76,381

Great Falls, MT $76,330

Alamogordo, NM $76,321

Abilene, TX $76,253

Rapid City, SD $76,142

Monroe, LA $76,142

Albany, GA $76,090

Huntington, WV $76,082

Jackson, MS $76,073

Greenville, MS $76,065

Parkersburg, WV $75,979

Montgomery, AL $75,962

Johnstown, PA $75,945

Springfield, MO $75,876

Biloxi, MS $75,834

Sumter, SC $75,654

Columbus, GA $75,645

Twin Falls, ID $75,594

Pascagoula, MS $75,483

Kingsport, TN $75,260

Gulfport, MS $75,235

Alexandria, LA $74,952

Fort Smith, AR $74,738

El Paso, TX $74,507

Helena, MT $74,396

Las Cruces, NM $74,122

Harlingen, TX $73,883

Pocatello, ID $73,806

Florence, AL $73,780

Brownsville, TX $73,763

Dothan, AL $73,626

Mcallen, TX $73,583

Columbus, MS $72,950

Altus, OK $72,556

Lawton, OK $72,394

Pierre, SD $72,086

What Skills Can Increase a Cost Analyst's Salary?

Demanded Skills for the Role:

Analysis (Mentioned in 16.82% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office (Mentioned in 2.26% Job Postings): Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Economics (Mentioned in 1.27% Job Postings): 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.

See More Skills

Skills	Demand Percentage
Analysis	16.82%
Microsoft Office	2.26%
Economics	1.27%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Cost Analyst's salary.

Coordination: Can increase your salary by up to 4%.
Innovation: Can increase your salary by up to 4%.
Financial Management: Can increase your salary by up to 4%.

Skill	Salary	Salary % Increase
Coordination	$88,984	4%
Innovation	$88,984	4%
Financial Management	$88,984	4%
Economics	$88,984	4%
Collaboration	$88,984	4%
Decision Making	$88,129	3%

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How Education impacts a Cost Analyst's Salary?

Your level of education can impact your salary potential. While many Cost Analysts 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 with a Bachelor's Degree is between $77,761 and $83,170).

Cost Analyst Salaries by Degree Level

Typical Education for Cost Analyst

No Diploma 4.0%

High School 4.0%

Associates 4.0%

Bachelors 66.7%

Masters 25.3%

Doctorate 0.0%

view as table

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%

view as graph

Cost Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Cost Analyst'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 January 01, 2026

$79,060

Average $85,562/year

$92,865

$6,588

Average $7,130/month

$7,739

$1,520

Average $1,645/week

$1,786

$38

Average $41/hour

$45

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$92,865	$7,739	$1,786	$45
Average	$85,562	$7,130	$1,645	$41
25th Percentile	$79,060	$6,588	$1,520	$38

Salaries of jobs related to Cost Analyst

Salary Trends for Cost Analyst

Salaries for a Cost Analyst can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $77,734 in 2023 to around $77,023 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Cost Analyst salary trends, .

Average Annual Salary of Cost Analyst Over Time

2022

$???

2023

$77,734

2024

$77,430

2025

$77,023

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$77,734
2024	$77,430
2025	$77,023
2026	View More
2027	View More

Most common benefits for Cost Analyst

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