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How much does a Senior Cost Accountant make?

As of April 01, 2025, the average annual salary for a Senior Cost Accountant in the United States is $92,300. Salary.com reports that pay typically ranges from $84,500 to $98,800, with most professionals earning between $77,399 and $104,718.

Senior Cost Accountant Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $98,800 $8,233 $1,900 $48
Average $92,300 $7,692 $1,775 $44
25th Percentile $84,500 $7,042 $1,625 $41

Average Salary

25% $84,500 10% $77,399 90% $104,718 75% $98,800 $92,300 50%(Median)
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How much does a Senior Cost Accountant make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Senior Cost Accountant salary data based on specialized databases to help you get a fairer salary. The average annual pay for a Senior Cost Accountant is about $92,300 a year, this translates to an approximate hourly rate of $44, a monthly salary of about $7,692, and a weekly pay of around $1,775 . Click the switch button below to see more details about Senior Cost Accountant hourly pay, weekly pay, monthly pay, and so on.

Last Updated on April 01, 2025

How Does Experience Level Affect a Senior Cost Accountant's Salary?

An entry-level Senior Cost Accountant with less than 1 year of experience earns about $88,807. With 1-2 years of experience, the average salary increases to $89,390. For 2-4 years of experience, the pay typically rises to $90,554. Senior-level professionals with 5-8 years of experience earn around $94,240, and those with over 8 years of experience can expect an average of $95,987.

Levels Salary
Entry Level Senior Cost Accountant $88,807
Intermediate Level Senior Cost Accountant $89,390
Senior Level Senior Cost Accountant $90,554
Specialist Level Senior Cost Accountant $94,240
Expert Level Senior Cost Accountant $95,987
$88,807 0 yr
$89,390 < 2 yrs
$90,554 2-4 yrs
$94,240 5-8 yrs
$95,987 > 8 yrs
Last Updated on April 01, 2025
Entry Level 4%
Mid Level 3%
Senior Level 2%
Top Level 2%
Experienced 4%
View as graph
Last Updated on April 01, 2025

How much does salary of Senior Cost Accountant vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of April 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Senior Cost Accountant is $115,200.
  • In New York, NY, the average annual salary is $106,900.
  • In Boston, MA, a Senior Cost Accountant earns $102,900 per year.

What is the salary trend of Senior Cost Accountant?

As of April 01, 2025, our research reveals a significant shift in Senior Cost Accountant compensation over the past six years. For example, the median salary increased from $86,196 in 2023 to approximately $83,843 in 2024. (For a detailed analysis of Senior Cost Accountant salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Senior Cost Accountant Over Time

2020
$???
2021
$???
2022
$???
$86,196
2023
$83,843
2024
$82,112
2025
2026
$???
Last Updated on April 01, 2025
2020
$???
2021
$???
2022
$???
2023
$86,196
2024
$83,843
2025
$82,112
2026
$???
Last Updated on April 01, 2025

Senior Cost Accountant Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $86,196
2024 $83,843
2025 $82,112
2026 View More
Last Updated on April 01, 2025

Job Openings of Senior Cost Accountant

Salary.com job board provides millions of Senior Cost Accountant information for you to search for. Click on search button below to see Senior Cost Accountant job openings or enter a new job title here.

Most Common Benefits for Senior Cost Accountant

Based on HR-reported data: a national average with a geographic differential
Base Salary 71.1%
Bonuses 0.0%
Social Security 5.4%
401k/403b 3.0%
Disability 1.4%
Healthcare 6.4%
Pension 3.8%
Time Off 8.8%
Core Compensation
Core Compensation Median % of Total
Base Salary $92,300 71.1%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $7,061 5.4%
401K/403B $3,877 3.0%
Disability $1,846 1.4%
Healthcare $8,352 6.4%
Pension $4,984 3.8%
Time Off $11,360 8.8%
Total Compensation $129,780 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on April 01, 2025

What are the salaries of a Senior Cost Accountant with different levels of education?

Salaries for Senior Cost Accountant with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Senior Cost Accountant with a Bachelor's Degree is $93,672 - $99,052. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Senior Cost Accountant Salaries by Degree Level

Last Updated on April 01, 2025
Typical Education for Senior Cost Accountant
Degree Level % of user with this level of education
No Diploma 0.7%
High School 2.1%
Associates 5.0%
Bachelors 53.2%
Masters 38.3%
Typical Education for Senior Cost Accountant
No Diploma 0.7%
High School 2.1%
Associates 5.0%
Bachelors 53.2%
Masters 38.3%
view as table

Senior Cost Accountant Salaries by Degree Level

Last Updated on April 01, 2025

What Am I Worth?

FAQ about Senior Cost Accountant

1. Can you make 500k a year as an accountant?

While it's rare for accountants to earn $500k annually, it is achievable, especially in a solo practice or small firm. Senior Cost Accountants typically earn between $89,100 and $109,200, with a mid-salary of $98,700. To reach higher earnings, focus on niche markets or specialized services that can significantly increase your income potential.

2. What is the highest salary of a cost accountant?

The highest salary for a Senior Cost Accountant is ₹109,200 annually. In comparison, cities near India report lower monthly salaries, such as Coimbatore at ₹55,576, Chennai at ₹43,503, and Delhi at ₹41,596. These figures highlight the competitive compensation for Senior Cost Accountants compared to regional averages.

3. Why are accountants paid so high?

Accountants, particularly Senior Cost Accountants, command high salaries due to their critical role in financial management and analysis. With salaries ranging from $89,100 to $109,200, their expertise is essential for large corporations and financial services, especially in high-cost living areas. This demand, coupled with the need for specialized skills, drives competitive compensation.

4. What is the highest salary of cost accountant?

The highest salary for a Senior Cost Accountant is INR 109,200. The average salary in this role typically falls around INR 98,700, with a minimum salary of INR 89,100.

5. What is the highest salary of accountant in USA?

The highest salary for a Senior Cost Accountant in the USA ranges from $89,100 to $109,200, with a mid-salary of $98,700. While some cities report higher salaries for accountants, the specific range for Senior Cost Accountants reflects their specialized skills and experience in the field.

6. Who is above senior accountant?

The hierarchy of accounting positions starts with the chief financial officer (CFO) at the top, followed by the vice president of finance, controller, accounting manager, and assistant controller. Above a senior cost accountant, who typically earns between $89,100 and $109,200, are roles like senior accountant and other higher management positions.

About Our Data

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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The average salary for a Senior Cost Accountant is $92,300 per year in the United States, updated at April 01, 2025.
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