Salary AI Book a Demo

Cost Analysis Salary in Illinois

How much does a Cost Analysis make in Illinois? As of September 01, 2026, the average salary for a Cost Analysis in Illinois is $74,471 per year, which breaks down to an hourly rate of $36.

However, a Cost Analysis's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $84,895
  • Majority Range (25th-75th percentile): $67,914 to $79,927
  • Entry-Level (10th percentile): $61,944
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Cost Analysis Job Openings in Illinois

Key Factors That Influence Cost Analysis Salaries

A Cost Analysis's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Cost Analysis Salaries?

Experience is a primary driver of a Cost Analysis's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $70,900
  • Early Career (1-2 years): $71,121
  • Mid-Level (2-4 years): $73,713
  • Senior-Level (5-8 years): $75,835
  • Expert (over 8 years): $75,986
Job RoleYears of ExperienceAverage Salary
Entry Level Cost Analysis less than 1 year $70,900
Early Career Level Cost Analysis 1-2 years $71,121
Mid-Level Level Cost Analysis 2-4 years $73,713
Senior-Level Level Cost Analysis 5-8 years $75,835
Expert Level Cost Analysis over 8 years $75,986

How Do Cost Analysis Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Cost Analysis. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $80,893.
  • California: $80,586.
  • Massachusetts: $79,512.

Top Paying Cities for Cost Analysis

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Effingham: $68,647
  • Saint Peter: $68,553
  • Salem: $68,813

Cost Analysis Salary by Industry: Top Paying Sectors

For Cost Analysis roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Cost Analysis positions in Transportation or Telecom typically offer lower base pay, as these industries often view Cost Analysis as a support function rather than a direct revenue driver.

The top paying industries for a Cost Analysis

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Aerospace & Defense $81,918 $39.0 10%
Biotechnology $81,918 $39.0 10%
Business Services $81,918 $39.0 10%
Chemicals $81,918 $39.0 10%
Construction $81,918 $39.0 10%

Cost Analysis Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Cost Analysis's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$67,914
Average $74,471/year
$79,927
$5,659
Average $6,206/month
$6,661
$1,306
Average $1,432/week
$1,537
$33
Average $36/hour
$38
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $79,927 $6,661 $1,537 $38
Average $74,471 $6,206 $1,432 $36
25th Percentile $67,914 $5,659 $1,306 $33

Find Your Next Cost Analysis Job

Ready to take the next step in your career? Browse thousands of current Cost Analysis job openings on our job board. Use the search bar below to find your perfect match.

  • Q'apel Medical, Inc | FREMONT, CA

    Principal Financial Planning&Analysis

    Q'apel Medical, Inc | FREMONT, CA

    About Q'Apel. At Q'Apel, we are passionate about revolutionizing neurovascular access. In the simplest sense, we're a company that creates solutions. We de... more

    21 Days Ago

  • Metalcraft of Mayville | MAYVILLE, WI

    Cost Accounting Manager Assistant Controller

    Metalcraft of Mayville | MAYVILLE, WI

    Metalcraft of Mayville. Metalcraft of Mayville is an Equal Opportunity Employer: Minorities/females/veterans/individuals with disabilities/sexual orientati... more

    12 Days Ago

  • L3Harris Technologies | WOODMOOR, CO

    Specialist Project Engineer

    L3Harris Technologies | WOODMOOR, CO

    In a fast moving and increasingly complex world, L3Harris is anticipating and rapidly responding to challenges with agile technology – creating a safer and... more

    7 Days Ago

  • L3Harris Technologies | CASCADE, CO

    Specialist Project Engineer

    L3Harris Technologies | CASCADE, CO

    In a fast moving and increasingly complex world, L3Harris is anticipating and rapidly responding to challenges with agile technology – creating a safer and... more

    7 Days Ago

  • L3Harris Technologies | STRATMOOR HILLS, CO

    Specialist Project Engineer

    L3Harris Technologies | STRATMOOR HILLS, CO

    In a fast moving and increasingly complex world, L3Harris is anticipating and rapidly responding to challenges with agile technology – creating a safer and... more

    7 Days Ago

  • Geartec Inc | WILLOUGHBY, OH

    Cost Accountant Financial Analyst

    Geartec Inc | WILLOUGHBY, OH

    Job SummaryResponsible for job costing, financial analysis, and reporting in a CNC machining and gear cutting job shop environment. This role owns job-leve... more

    9 Days Ago

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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 CompAnalyst