Position
Salary

How much does a Cost Analyst make?

The average salary for a Cost Analyst is $84,696 per year in the US.

A Cost Analyst plays a key role in helping businesses manage their budgets. They look at costs and find ways to save money. The average yearly salary for a Cost Analyst is $84,696. This means that many Cost Analysts earn a good living. The salary can vary based on experience and location.


Here are some of the salary ranges for Cost Analysts:

  • The lowest 10% earn about $46,000.
  • The next 20% earn between $55,723 and $65,446.
  • The middle 20% earn between $65,446 and $75,170.
  • The next 20% earn between $75,170 and $84,893.
  • The top 10% earn over $114,062.

View Cost Analyst jobs nearby

What are the highest paying cities for a Cost Analyst?

Cost analysts can find some of the best-paying opportunities in major cities. Los Angeles, Chicago, and San Diego lead the way with average salaries over $90,000. Washington, DC, Charlotte, and Huntsville also offer competitive pay for those in this field.
Graph displaying highest paying cities salaries for Cost Analyst jobs, highlighting Los Angeles, CA with the highest at $106,239 and Orlando, FL with the lowest at $70,648.
  1. Los Angeles, CA
    Average Salary: $106,239
    In Los Angeles, professionals analyze costs for major entertainment and tech companies. The city offers a dynamic work environment with many opportunities for career growth. Companies like Disney and Amazon provide diverse projects.
    Find Cost Analyst jobs in Los Angeles, CA


  2. Chicago, IL
    Average Salary: $106,007
    Chicago is a hub for finance and manufacturing, making it ideal for cost analysts. The city's strong economy offers stability and growth. Working with companies like Boeing and McDonald's can enhance your skills.
    Find Cost Analyst jobs in Chicago, IL


  3. San Diego, CA
    Average Salary: $99,771
    San Diego offers a mix of defense and biotech industries for cost analysts. The city's pleasant climate and quality of life make it attractive. Companies like Qualcomm and General Dynamics provide exciting projects.
    Find Cost Analyst jobs in San Diego, CA


  4. Washington, DC
    Average Salary: $97,768
    In Washington, DC, cost analysts work with government agencies and defense contractors. The city offers a unique blend of public and private sector opportunities. Working with firms like Lockheed Martin and Northrop Grumman is common.
    Find Cost Analyst jobs in Washington, DC


  5. Charlotte, NC
    Average Salary: $96,445
    Charlotte is a financial center, offering many opportunities for cost analysts. The city's growing economy provides a stable job market. Companies like Bank of America and Wells Fargo are prominent employers.
    Find Cost Analyst jobs in Charlotte, NC


  6. Huntsville, AL
    Average Salary: $93,726
    Huntsville is known for its aerospace industry, making it a great place for cost analysts. The city offers a strong community and a focus on technology. Working with NASA and various defense contractors is common.
    Find Cost Analyst jobs in Huntsville, AL


  7. Houston, TX
    Average Salary: $85,576
    Houston is a key player in the energy sector, offering many opportunities for cost analysts. The city's diverse economy provides stability and growth. Companies like ExxonMobil and Halliburton are major employers.
    Find Cost Analyst jobs in Houston, TX


  8. Austin, TX
    Average Salary: $78,227
    Austin offers a mix of tech and healthcare industries for cost analysts. The city's vibrant culture and growing job market make it attractive. Working with firms like Dell and Whole Foods is common.
    Find Cost Analyst jobs in Austin, TX


  9. Philadelphia, PA
    Average Salary: $77,641
    Philadelphia offers a blend of finance, healthcare, and manufacturing for cost analysts. The city's rich history and diverse job market provide many opportunities. Companies like Comcast and Independence Blue Cross are prominent.
    Find Cost Analyst jobs in Philadelphia, PA


  10. Orlando, FL
    Average Salary: $70,648
    Orlando is known for its tourism and entertainment industries, offering unique opportunities for cost analysts. The city's growing economy provides a stable job market. Working with companies like Disney and Universal Studios is common.
    Find Cost Analyst jobs in Orlando, FL

What are the best companies a Cost Analyst can work for?

Sargent & Lundy offers the highest average salary for Cost Analysts at $126,567. This company specializes in engineering and consulting, providing a lucrative opportunity for those in the field. Booz Allen Hamilton follows closely with an average salary of $103,328, making it another top choice for professionals seeking a well-paying position.
Graph displaying best paying company salaries for Cost Analyst jobs, highlighting Sargent & Lundy with the highest at $126,567 and Republic National Distributing Company with the lowest at $53,979.
  1. Sargent & Lundy
    Average Salary: $126,567
    Sargent & Lundy offers rewarding Cost Analyst jobs with a focus on engineering and consulting. They operate in various locations, including Chicago, Illinois, and Charlotte, North Carolina. Employees enjoy competitive salaries and opportunities for growth.


  2. Booz Allen Hamilton
    Average Salary: $103,328
    Booz Allen Hamilton provides Cost Analyst positions with a strong emphasis on technology and innovation. They have offices in McLean, Virginia, and Austin, Texas. The company offers a dynamic work environment and attractive compensation packages.


  3. Northrop Grumman
    Average Salary: $102,418
    Northrop Grumman is known for its Cost Analyst roles in the aerospace and defense sectors. They operate in El Segundo, California, and Falls Church, Virginia. Employees benefit from comprehensive benefits and a stable work environment.


  4. American Electric Power
    Average Salary: $83,045
    American Electric Power offers Cost Analyst jobs with a focus on energy and utilities. They have locations in Columbus, Ohio, and Dallas, Texas. The company provides a supportive environment and competitive pay.


  5. Power Home Remodeling
    Average Salary: $58,964
    Power Home Remodeling provides Cost Analyst positions with a focus on home improvement services. They operate in multiple locations across the United States. Employees enjoy a family-oriented atmosphere and reasonable compensation.


  6. Republic National Distributing Company
    Average Salary: $53,979
    Republic National Distributing Company offers Cost Analyst jobs with a focus on beverage distribution. They have offices in Atlanta, Georgia, and Denver, Colorado. The company provides a stable work environment and fair pay.

How to earn more as a Cost Analyst?

A Cost Analyst can increase their earnings by focusing on several key areas. Gaining more experience and expertise in the field can lead to higher-paying positions. Specializing in a particular industry, such as healthcare or construction, can also make a Cost Analyst more valuable. Networking with professionals and attending industry events can open up new opportunities. Continuing education and obtaining certifications can enhance skills and knowledge, making a Cost Analyst more competitive in the job market.

Another way to earn more is by taking on leadership roles or projects that require advanced analytical skills. This can involve managing a team or overseeing complex cost analysis projects. Staying updated with the latest tools and software used in cost analysis can also improve efficiency and effectiveness. Seeking out roles in companies with a strong financial performance can lead to higher salaries and bonuses. By focusing on these areas, a Cost Analyst can increase their earning potential and advance their career.

Here are five factors to consider for earning more as a Cost Analyst:

  1. Gain more experience and expertise
  2. Specialize in a particular industry
  3. Network with professionals and attend industry events
  4. Continue education and obtain certifications
  5. Take on leadership roles or advanced projects

Currently 93 Cost Analyst job openings, nationwide.

How's the job market for a Cost Analyst in the US?

Learn what a Cost Analyst does, how to become one, and understand the job outlook. Get simple steps to start your career as a Cost Analyst today.
Position
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Cost Analyst
93 Job Openings