As of August 01, 2026, the average salary for a Cost Analysis in the United States is $73,054 per year, which breaks down to an hourly rate of $35.
However, a Cost Analysis's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Analysis'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.
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 Analysis. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 7.89% |
| Transportation Management | 1.62% |
| PowerPoint | 1.11% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Presentation
|
$84,012 |
15%
|
|
Data Analysis
|
$82,551 |
13%
|
|
Coordination
|
$80,360 |
10%
|
|
Procurement
|
$80,360 |
10%
|
|
Microsoft Excel
|
$79,629 |
9%
|
|
Supply Chain
|
$79,629 |
9%
|
For Cost Analysis roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Cost Analysis positions in Transportation or Telecom typically offer lower base pay, as these industries often view Cost Analysis as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $80,360 | $39.0 | 10% |
| Biotechnology | $80,360 | $39.0 | 10% |
| Business Services | $80,360 | $39.0 | 10% |
| Chemicals | $80,360 | $39.0 | 10% |
| Construction | $80,360 | $39.0 | 10% |
Your level of education can impact your salary potential. While many Cost Analysis enter the field with a Associate'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 Analysis with a Associate's Degree is between $68,131 and $71,092).
Cost Analysis Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 36.4% |
| High School | 36.4% |
| Associates | 9.1% |
| Bachelors | 36.4% |
| Masters | 18.2% |
| Doctorate | 0.0% |
Understanding how a Cost Analysis'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, 2026Salaries for a Cost Analysis can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $63,691 in 2023 to around $63,196 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Cost Analysis salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $63,691 |
| 2024 | $63,907 |
| 2025 | $63,196 |
| 2026 |
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|
| 2027 |
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|
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The Aerospace & Defense industry offers the highest average compensation for Cost Analysis roles, with salaries approximately 10% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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