Position
Salary

How much does a Cost Analyst make?

The average salary for a Cost Analyst is $84,217 per year in the US.

A Cost Analyst plays a key role in helping companies manage their budgets. They look at costs and find ways to save money. This job can be very rewarding. The average yearly salary for a Cost Analyst is around $84,217. This means that many people in this role can expect to earn a good living.

The salary for a Cost Analyst can vary based on experience and location. Here are some common salary ranges:

  • The lowest 10% earn about $46,000 a year.
  • The next 20% earn between $46,000 and $65,446 a year.
  • The middle 20% earn between $65,446 and $75,170 a year.
  • The next 20% earn between $75,170 and $84,893 a year.
  • The top 10% earn more than $114,062 a year.

View Cost Analyst jobs nearby

What are the highest paying cities for a Cost Analyst?

Cost analysts can find some of the best pay in Chicago, IL, where the average salary reaches $105,444. Los Angeles, CA, and San Diego, CA, also offer strong salaries for this role, with averages of $105,057 and $99,509, respectively. Job seekers should consider these cities for higher earning potential.
Graph displaying highest paying cities salaries for Cost Analyst jobs, highlighting Chicago, IL with the highest at $105,444 and Austin, TX with the lowest at $78,227.
  1. Chicago, IL
    Average Salary: $105,444
    In Chicago, professionals analyze costs for major firms like Boeing and Exelon. The city offers a dynamic environment with many opportunities for growth. The average salary for a Cost Analyst here is competitive.
    Find Cost Analyst jobs in Chicago, IL


  2. Los Angeles, CA
    Average Salary: $105,057
    Los Angeles is home to entertainment giants like Disney and Warner Bros. Cost Analysts here work on projects for these companies. The city's diverse economy provides a range of opportunities for career advancement.
    Find Cost Analyst jobs in Los Angeles, CA


  3. San Diego, CA
    Average Salary: $99,509
    San Diego offers a mix of military and tech industries. Companies like Qualcomm and General Dynamics employ Cost Analysts. The city's mild climate makes it a pleasant place to work.
    Find Cost Analyst jobs in San Diego, CA


  4. Washington, DC
    Average Salary: $97,661
    In Washington, DC, Cost Analysts often work for government contractors like Lockheed Martin. The city's political environment offers unique opportunities. The average salary here is quite attractive.
    Find Cost Analyst jobs in Washington, DC


  5. Huntsville, AL
    Average Salary: $92,825
    Huntsville is known for its aerospace industry. Companies like NASA and Redstone Arsenal employ Cost Analysts. The city offers a strong sense of community and a lower cost of living.
    Find Cost Analyst jobs in Huntsville, AL


  6. Charlotte, NC
    Average Salary: $92,312
    Charlotte is a financial hub with companies like Bank of America. Cost Analysts here work on projects for major banks. The city offers a good balance of work and leisure.
    Find Cost Analyst jobs in Charlotte, NC


  7. St. Louis, MO
    Average Salary: $87,362
    St. Louis has a mix of industries, including healthcare and manufacturing. Companies like Boeing and Centene Corporation employ Cost Analysts. The city offers a lower cost of living and a rich cultural scene.
    Find Cost Analyst jobs in St. Louis, MO


  8. Houston, TX
    Average Salary: $83,554
    Houston is a major center for the energy industry. Companies like ExxonMobil and Halliburton employ Cost Analysts. The city offers a vibrant job market and a diverse culture.
    Find Cost Analyst jobs in Houston, TX


  9. Tulsa, OK
    Average Salary: $82,406
    Tulsa has a growing tech sector. Companies like ONEOK and QuikTrip employ Cost Analysts. The city offers a lower cost of living and a friendly community.
    Find Cost Analyst jobs in Tulsa, OK


  10. Austin, TX
    Average Salary: $78,227
    Austin is known for its tech industry. Companies like Dell and Apple employ Cost Analysts. The city offers a lively atmosphere and a strong job market.
    Find Cost Analyst jobs in Austin, TX

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

Sargent & Lundy offers top salaries for Cost Analysts, with an average of $126,567. The company values skilled professionals and provides competitive compensation. Northrop Grumman and Booz Allen Hamilton also rank high, offering average salaries of $100,706 and $99,041, respectively.
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 $53,768.
  1. Sargent & Lundy
    Average Salary: $126,567
    Sargent & Lundy offers competitive salaries for Cost Analysts. They work on projects in energy, infrastructure, and industrial sectors. Locations include Chicago, Houston, and New York.


  2. Northrop Grumman
    Average Salary: $100,706
    Northrop Grumman provides a strong salary for Cost Analysts. They focus on aerospace and defense projects. The company has offices in California, Virginia, and Maryland.


  3. Booz Allen Hamilton
    Average Salary: $99,041
    Booz Allen Hamilton pays well for Cost Analysts. They work on government and commercial projects. Locations include Washington, D.C., and McLean, Virginia.


  4. Aston Carter
    Average Salary: $88,909
    Aston Carter offers a good salary for Cost Analysts. They provide staffing services in various industries. Locations include New York, Chicago, and Los Angeles.


  5. American Electric Power
    Average Salary: $83,242
    American Electric Power offers a solid salary for Cost Analysts. They focus on energy production and distribution. Locations include Columbus, Ohio, and Arlington, Virginia.


  6. Power Home Remodeling
    Average Salary: $58,964
    Power Home Remodeling provides a decent salary for Cost Analysts. They work on home improvement projects. Locations include Denver, Colorado, and Austin, Texas.


  7. Republic National Distributing Company
    Average Salary: $53,768
    Republic National Distributing Company offers a reasonable salary for Cost Analysts. They focus on beverage distribution. Locations include Houston, Texas, and Los Angeles, California.

How to earn more as a Cost Analyst?

A Cost Analyst plays a key role in helping businesses manage their finances. They analyze costs and find ways to save money. If you want to earn more in this field, consider these important factors. They can help you advance your career and increase your salary.

First, gaining more experience can lead to higher earnings. Companies often value experience and may offer higher pay to those with more years in the industry. Second, earning advanced certifications can boost your skills and marketability. Certifications like the Certified Cost Professional (CCP) can show employers you have specialized knowledge. Third, developing strong analytical skills can make you more valuable. Being able to analyze data and provide insights helps companies make better financial decisions. Fourth, networking with other professionals can open up new job opportunities. Attending industry events and joining professional groups can help you meet people who may offer you better positions. Lastly, staying updated on industry trends keeps you competitive. Understanding the latest tools and methods can help you perform your job better and earn more.

By focusing on these factors, you can increase your chances of earning more as a Cost Analyst. Each step can help you grow your skills and open new career paths.

  1. Gain more experience
  2. Earn advanced certifications
  3. Develop strong analytical skills
  4. Network with other professionals
  5. Stay updated on industry trends

Currently 106 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
106 Job Openings