As of July 01, 2026, the average salary for a Cost Accounting Analyst in the United States is $80,911 per year, which breaks down to an hourly rate of $39.
However, a Cost Accounting Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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A Cost Accounting 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.
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 Accounting Analysts. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 16.82% |
| Microsoft Office | 2.26% |
| Economics | 1.27% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Coordination
|
$84,148 |
4%
|
|
Innovation
|
$84,148 |
4%
|
|
Financial Management
|
$84,148 |
4%
|
|
Economics
|
$84,148 |
4%
|
|
Collaboration
|
$84,148 |
4%
|
|
Decision Making
|
$83,338 |
3%
|
For Cost Accounting 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 Accounting Analyst positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Cost Accounting Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $113,276 | $54.0 | 40% |
| Biotechnology | $109,230 | $53.0 | 35% |
| Energy & Utilities | $105,184 | $51.0 | 30% |
| Insurance | $101,139 | $49.0 | 25% |
| Internet | $98,712 | $47.0 | 22% |
Your level of education can impact your salary potential. While many Cost Accounting 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 Accounting Analyst with a Bachelor's Degree is between $77,761 and $83,170).
Cost Accounting Analyst Salaries by Degree Level
| 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% |
Understanding how a Cost Accounting 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 July 01, 2026Salaries for a Cost Accounting Analyst can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $74,407 in 2023 to around $73,726 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Cost Accounting Analyst salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $74,407 |
| 2024 | $74,116 |
| 2025 | $73,726 |
| 2026 |
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|
| 2027 |
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|
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