£26,282
Avg. Base Salary (GBP)
/ year
Avg. Base Salary (GBP)
25%
£25k
MEDIAN
£26k
75%
£35k
The average salary for a Cost Analyst is £26,282 in 2025
Base Salary
£25k - £35k
Total Pay
£25k - £35k
Is Average Cost Analyst with Cost Accounting Skills Salary in United Kingdom your job title? Find out what you should be paid
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What Do Cost Analysts Do?
Cost Analyst Tasks
- Perform cost-benefit analyses, and recommend process improvements and unit changes to reduce costs.
- Maintain pricing and inventory system data quality.
- Analyze actual compared to standard costs for ongoing expenses, and identify opportunities and risks.
- Assist in developing annual operations plan and estimating new product costs, including economic analysis.
Find your market worth – how it works:
Common Health Benefits for a Cost Analyst
Medical
14%
None
86%
Gender Breakdown for Cost Analysts
Male
66.7%
Female
33.3%
This data is based on 3 survey responses. Learn more about the gender pay gap.
FAQs About Cost Analysts
What is the highest pay for Cost Analysts?
Our data indicates that the highest pay for a Cost Analyst is £NaN / year
What is the lowest pay for Cost Analysts?
Our data indicates that the lowest pay for a Cost Analyst is £NaN / year
How can Cost Analysts increase their salary?
Increasing your pay as a Cost Analyst is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Cost Analyst that oversees more junior Cost Analysts, this experience can increase the likelihood to earn more.