Position
Salary
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:

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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.
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.
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.
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.
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.
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: