Cost Consultant Salary in Memphis, Tennessee

How much does a Cost Consultant make in Memphis, TN?

As of April 01, 2025, the average annual salary for a Cost Consultant in Memphis, TN is $85,990. Salary.com reports that pay typically ranges from $76,339 to $100,112, with most professionals earning between $67,552 and $112,968.

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Salary range for a Cost Consultant

$76,339 to $100,112

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Cost Consultant

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Job Openings for Cost Consultant in Memphis, TN

What does a Cost Consultant do?

Common responsibilities of a Cost Consultant

Leads a cross functional BCBSA team (Business Execution, Data Operations Management and Performance and Reporting teams) and vendor (BHI) to collect and validate Plan cost and claim data used to update statistical modeling each cost data refresh ( twice a year) that compares Plan-submitted provider-specific cost estimates with actual claims experience.

December 28, 2022

Provide guidance on various elements of cost compliance, cost templates and budget notes to support cost proposals.

January 31, 2023

Assist with IT budget formulation and execution to include all phases of the budget life cycle by alignment of BRM, IT Service Catalog and TBM Taxonomy.

February 15, 2023

Demonstrated ability to accurately take off quantities, estimate the cost of construction, sequence and schedule the construction for commercial buildings preferred.

February 17, 2023

Develop cost and commercial tender guidance for prime and partners in collaboration with proposal teams to support a competitive bid for ongoing and planned new business opportunities.

March 15, 2023

Prepare comprehensive fixed asset engagements including cost segregation, repairs and maintenance and depreciation studies.

April 06, 2023

Support development of prime and partner cost and commercial tenders, inclusive but not limited to cost competitiveness, budget and narrative development, value for money in close collaboration with core tender team.

April 20, 2023

Actively participate in decision making with engagement management and seek to understand the broader impact of current decisions.

April 28, 2023

Understand corporate cost objectives in order to identify opportunities for improvement across the organization.

May 01, 2023

Review prime and partner cost and commercial tenders, providing feedback at various points throughout the process.

May 08, 2023

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Cost Consultant Salary By Experience Levels in Memphis, TN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Cost Consultant Salary By Level of Education in Memphis, TN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Cost Consultant in Memphis, TN

Average Base Salary

Core compensation

76339

100112

85990

Average Total Cash Compensation

Includes base and annual incentives

77819

103581

88220

What is the average salary for Cost Consultant in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Consultant in Memphis, TN. The base salary for Cost Consultant ranges from $76,339 to $100,112 with the average base salary of $85,990. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $77,819 to $103,581 with the average total cash compensation of $88,220.

View Average Salary for Cost Consultant as table

	Average Salary	Average Salary Range
Base Salary	$85,990	$76,339 - $100,112
Bonus	$2,230	$1,480 - $3,470
Total Pay	$88,220	$77,819 - $103,581

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Cost Consultant Salary Near Memphis, TN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Memphis, TN
CITY, STATE Germantown, TN	AVERAGE SALARY RANGE $76,151 - $99,866	COMPARE TO Memphis, TN
CITY, STATE Southaven, MS	AVERAGE SALARY RANGE $76,225 - $99,962	COMPARE TO Memphis, TN
CITY, STATE Olive Branch, MS	AVERAGE SALARY RANGE $76,037 - $99,716	COMPARE TO Memphis, TN
CITY, STATE Jonesboro, AR	AVERAGE SALARY RANGE $75,768 - $99,363	COMPARE TO Memphis, TN
CITY, STATE Jackson, TN	AVERAGE SALARY RANGE $75,768 - $99,363	COMPARE TO Memphis, TN
CITY, STATE Tupelo, MS	AVERAGE SALARY RANGE $68,751 - $90,161	COMPARE TO Memphis, TN

See salaries for Cost Consultant in locations close to Memphis, TN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Memphis, Tennessee

Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, making Memphis the largest city on the Mississippi River, second-largest city in Tennessee, as well as the 25th largest city in the United States. Greater Memphis is the 42nd largest metropolitan area in the United States, with a population of 1,348,260 in 2017. The city is the anchor of West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas and Mississippi. Memphis is the seat of Shelby County, the most p...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Cost Consultant job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Memphis, TN that might be a good fit for the type of job and salary you are looking for.

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