How much does a Costing Specialist make in Illinois? As of September 01, 2026, the average salary for a Costing Specialist in Illinois is $88,092 per year, which breaks down to an hourly rate of $42.

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

  • Top Earners (90th percentile): $103,278
  • Majority Range (25th-75th percentile): $81,559 to $96,041
  • Entry-Level (10th percentile): $75,610

Key Factors That Influence Costing Specialist Salaries

A Costing Specialist'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 Costing Specialist Salaries?

Experience is a primary driver of a Costing Specialist'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): $84,246
  • Early Career (1-2 years): $84,445
  • Mid-Level (2-4 years): $86,988
  • Senior-Level (5-8 years): $90,079
  • Expert (over 8 years): $90,300
Job RoleYears of ExperienceAverage Salary
Entry Level Costing Specialist less than 1 year $84,246
Early Career Level Costing Specialist 1-2 years $84,445
Mid-Level Level Costing Specialist 2-4 years $86,988
Senior-Level Level Costing Specialist 5-8 years $90,079
Expert Level Costing Specialist over 8 years $90,300

Top Paying Cities for Costing Specialist

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: $81,203
  • Saint Peter: $81,092
  • Salem: $81,400

Costing Specialist Salary by Industry: Top Paying Sectors

For Costing Specialist roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Biotechnology sectors offer the strongest compensation, at 40% above the average. In contrast, Costing Specialist positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Costing Specialist as a support function rather than a direct revenue driver.

The top paying industries for a Costing Specialist

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services $123,329 $59.0 40%
Biotechnology $118,924 $57.0 35%
Energy & Utilities $114,520 $55.0 30%
Insurance $110,115 $53.0 25%
Internet $107,472 $52.0 22%

Costing Specialist Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Costing Specialist'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
$81,559
Average $88,092/year
$96,041
$6,797
Average $7,341/month
$8,003
$1,568
Average $1,694/week
$1,847
$39
Average $42/hour
$46
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $96,041 $8,003 $1,847 $46
Average $88,092 $7,341 $1,694 $42
25th Percentile $81,559 $6,797 $1,568 $39

Find Your Next Costing Specialist Job

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

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