Cost Manager Salary in Chicago, Illinois

How much does a Cost Manager make in Chicago, IL?

As of April 01, 2025, the average annual salary for a Cost Manager in Chicago, IL is $138,092. Salary.com reports that pay typically ranges from $122,532 to $155,021, with most professionals earning between $108,365 and $170,433.

Search Cost Manager Jobs in Chicago, IL

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Cost Manager

$122,532 to $155,021

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Cost Manager Salary:
Select State
Select City in IL
Choose Similar Job
Pick Related Category
View Cost of Living in Chicago, Illinois

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Cost Manager

Review the job openings and experience requirements for the Cost Manager job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Cost Manager.

Search Cost Manager Job Openings

Job Openings for Cost Manager in Chicago, IL

What does a Cost Manager do?

Common responsibilities of a Cost Manager

Assists with the development and onboarding process as it pertains to incoming plant accountants at the 8 plant locations network wide.

December 04, 2022

Provide direction and oversight to Field Team Operations (FTO) Site Managers and team leads on spend plans, budgets, and Earned Value Metrics to manage their respective accounts.

December 09, 2022

Demonstrated ability to teach, train, and develop staff both from a technical perspective as well as in professionalism and professional skills such as time management, polished communication, etc.

January 08, 2023

Review requests for quotations from customers and gather all necessary information required to size and select appropriate equipment components and assemblies.

January 31, 2023

Act as primary Earned Value point of contact for the PM by analyzing program data and metrics to determine control account performance.

March 04, 2023

Develop a cost summary for the entire project, which includes the costs of labor, equipment, materials, subcontractors, overhead, taxes, insurance, markup, and any additional costs that may affect the project.

March 30, 2023

Leadership responsibilities will involve leading a team-based environment where success will be defined by excelling in cost oversight, monitoring of work assignments, priorities, and routine problem solving for the Mission.

April 02, 2023

Manages the ongoing development, theory, and organization of the Cost Accounting and Continuous Improvement systems for the health network, including the addition of new hospitals and practices to the system.

April 07, 2023

Support the activities of the accounting department to ensure accurate and timely analysis and presentation of financial reports, including flash reporting.

April 22, 2023

Requires a related university degree or equivalent experience and a minimum of 6 years of prior relevant experience.

April 27, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Cost Manager Salary By Experience Levels in Chicago, IL

How much should you be earning in Cost Manager in Chicago, IL based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Cost Manager in Chicago, IL

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 Manager Salary By Level of Education in Chicago, IL

Do you know how much should you be paid for a Cost Manager position in Chicago, IL based on your education level?

Tell us about your education and see an estimate of earnings for Cost Manager in Chicago, IL and well to know the impact of education on future careers.

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 Manager in Chicago, IL

Average Base Salary

Core compensation

122532

155021

138092

Average Total Cash Compensation

Includes base and annual incentives

129485

171641

148559

What is the average salary for Cost Manager in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Manager in Chicago, IL. The base salary for Cost Manager ranges from $122,532 to $155,021 with the average base salary of $138,092. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $129,485 to $171,641 with the average total cash compensation of $148,559.

View Average Salary for Cost Manager as table

	Average Salary	Average Salary Range
Base Salary	$138,092	$122,532 - $155,021
Bonus	$10,467	$6,953 - $16,620
Total Pay	$148,559	$129,485 - $171,641

* 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 Manager Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $122,532 - $155,021	COMPARE TO Chicago, IL 0%
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $122,532 - $155,021	COMPARE TO Chicago, IL 0%
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $122,390 - $154,841	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $122,485 - $154,961	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $122,485 - $154,961	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $119,971 - $151,780	COMPARE TO Chicago, IL

See salaries for Cost Manager in locations close to Chicago, IL. 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 Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

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

View Salary for Similar Jobs to Cost Manager in Chicago, IL

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Cost Accounting Manager	LOCATION Chicago, IL	MINIMUM SALARY $118,209	MAXIMUM SALARY $140,180
JOB TITLE Senior Cost Manager	LOCATION Chicago, IL	MINIMUM SALARY $122,532	MAXIMUM SALARY $155,021
JOB TITLE Construction Cost Manager	LOCATION Chicago, IL	MINIMUM SALARY $114,388	MAXIMUM SALARY $135,649
JOB TITLE Cost Account Manager	LOCATION Chicago, IL	MINIMUM SALARY $72,150	MAXIMUM SALARY $84,370
JOB TITLE Assistant Cost Manager	LOCATION Chicago, IL	MINIMUM SALARY $62,687	MAXIMUM SALARY $77,472
JOB TITLE Cost Accountant Manager	LOCATION Chicago, IL	MINIMUM SALARY $91,219	MAXIMUM SALARY $107,303

The Cost Manager 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 Chicago, IL that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.