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As of August 01, 2026, the average salary for a Cost Analyst in Michigan is $84,258 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:
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Cost Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $91,522 | $7,627 | $1,760 | $44 |
| Average | $84,258 | $7,022 | $1,620 | $41 |
| 25th Percentile | $77,841 | $6,487 | $1,497 | $37 |
Ford Motor Company - Dearborn, MI
Technomics - Troy, MI
Reliance One - Grand Rapids, MI
Augmentis - Detroit, MI
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 and company size can directly affect your earning potential.
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:
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:
For Cost Analyst roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Biotechnology sectors offer the strongest compensation, at 40% above the average. In contrast, Cost Analyst positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Cost Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $117,962 | $57.0 | 40% |
| Biotechnology | $113,749 | $55.0 | 35% |
| Energy & Utilities | $109,536 | $53.0 | 30% |
| Insurance | $105,323 | $51.0 | 25% |
| Internet | $102,795 | $49.0 | 22% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $91,522 | $7,627 | $1,760 | $44 |
| Average | $84,258 | $7,022 | $1,620 | $41 |
| 25th Percentile | $77,841 | $6,487 | $1,497 | $37 |
Ready to take the next step in your career? Browse thousands of current Cost Analyst job openings on our job board. Use the search bar below to find your perfect match.
Augmentis
Grand Rapids, MI
Augmentis | Grand Rapids, MI
Job Description. Job Description. Financial Analyst – LaPorte, IN | Full Relocation Package Offered. Relocate to Northwest Indiana's Lake Michigan Shorelin... more
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Augmentis
Lansing, MI
Augmentis | Lansing, MI
Job Description. Job Description. Financial Analyst – LaPorte, IN | Full Relocation Package Offered. Relocate to Northwest Indiana's Lake Michigan Shorelin... more
3 Days Ago
Augmentis
Flint, MI
Augmentis | Flint, MI
Job Description. Job Description. Financial Analyst – LaPorte, IN | Full Relocation Package Offered. Relocate to Northwest Indiana's Lake Michigan Shorelin... more
3 Days Ago
ProAmpac
CATOOSA, OK
ProAmpac | CATOOSA, OK
Are you ready to grow your career with a company that values your hard work, safety, and success. Join ProAmpac , a global leader in flexible packaging sol... more
3 Days Ago
Canadian Executive Search Group Inc.
HUMBOLDT, TN
Canadian Executive Search Group Inc. | HUMBOLDT, TN
AWS/CES is looking for an IT Analyst. Location: Humboldt, TN. Shift: Day Shift. Pay: $40.00/hour. Job Overview. We are seeking an experienced IT Analyst to... more
9 Days Ago
Hays Electrical Services
HOUSTON, TX
Hays Electrical Services | HOUSTON, TX
Cost Project Manager Location: Houston, Tx Employment Type: Full-Time With over 19 years of experience, Hays Electrical Services is a nationally recognized... more
8 Days Ago
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