How Much Does Costco Pay Cashiers: Salary and Benefits Overview

Costco Cashier salary overview

Costco Cashier salary is $34,713 on average annually. Costco Cashiers earn hourly rates ranging from $14 to $20. The salary for Costco Cashiers varies by location, with top-paying cities offering up to $42,794 per year.

Costco Cashier salary details

Annual salary

• Average annual salary: Costco Cashiers earn an average of $34,713 per year, with the Costco Cashier annual salary ranging from $29,000 to $40,000
• Comparison to national average: Costco Cashier salary is 23% more than the national average salary for cashiers of $28,144
• Salary range by location: The Costco pay scale for Cashiers can vary significantly based on location:
  • Issaquah, WA: $42,794
  • Schaumburg, IL: $35,887
  • Monrovia, MD: $35,314
  • Frisco, TX: $32,083

Hourly pay

• Average hourly rate: Costco hourly pay for Cashiers typically ranges between $14 to $20 per hour
• Location-specific hourly rate: In Frisco, TX, Cashiers earn an average of $15.42 per hour
• Starting wage: Costco's starting wages are typically higher than the minimum wage

Factors affecting Costco Cashier salaries

• Location: How much Costco pays cashiers varies significantly based on the city and state of employment
• Experience: Wage increases in the Costco pay scale are based on performance and years of service
• Education and skills: While a high school diploma is typically required, additional skills may impact the Costco Cashier salary

Additional compensation and benefits

• Health insurance: Comprehensive health benefits including dental, vision, and prescription drug coverage for both part-time and full-time eligible employees
• 401(k) plan: Generous 401(k) with company match, contributing 3-9% of employee wages based on years of service
• Other benefits:
  • Overtime pay for eligible employees working more than 40 hours per week
  • Performance-based bonuses
  • Profit-sharing programs
  • Employee stock purchase program at discounted prices

Costco's compensation structure

• Above-average wages: Costco pays hourly employees above-average wages compared to industry standards
• Regular wage increases: Opportunities for wage increases based on performance and tenure
• Employee retention: Costco's compensation structure contributes to a low employee turnover rate, reported as 6% in 2021

Costco Cashier pay by location

Costco pay by state varies, with cashiers earning an average of $20.52 per hour nationwide. In California, Costco cashier pay can reach up to $29.90 per hour, while in Texas it is likely close to the national average. Costco offers competitive wages and benefits across all locations, including attractive Costco starting pay rates. Costco pay by state differs, but the company maintains high compensation standards throughout its operations.

Costco pay by state for cashiers

• National average: Costco cashiers earn an average of $20.52 per hour or $42,688 per year across the United States
• Top-paying states:
  • Minnesota: $22.48 per hour ($46,762 per year)
  • Nevada: $22.46 per hour ($46,712 per year)
  • Massachusetts: $22.27 per hour ($46,311 per year)
  • Costco cashier pay in Oregon: $22.11 per hour ($45,986 per year)
  • Hawaii: $21.76 per hour ($45,268 per year)
• Above-average states: 15 states have typical Costco salaries above the national average of $20.52 per hour

Costco cashier pay in California

• Maximum wage: Costco cashiers in California can earn up to $29.90 per hour
• San Diego example: The average Costco salary in San Diego, CA is $38,513 per year or $18.52 per hour, with entry-level positions starting at $34,051 per year and experienced workers making up to $62,355 per year
• State ranking: California is among the top-paying states for Costco employees, with an average annual salary of $41,641

Costco cashier pay in Texas

• Estimated range: While specific data for Texas is not provided, Costco cashier pay in Texas is likely close to the national average of $20.52 per hour
• Example from Georgia: A new Costco employee in Georgia started at $18.50 per hour, receiving a raise to $19.50 per hour after 1,000 hours worked, which may be similar to Costco starting pay in Texas

Additional compensation benefits

• Sunday pay: All employees receive time-and-a-half pay for working on Sundays
• Bonuses: Hourly employees are eligible for twice-yearly bonuses after five years of service
• Healthcare: Costco offers a comprehensive health insurance plan to both part-time and full-time eligible employees
• 401(k) plan: The company provides a 401(k) plan with company match, contributing 3-9% of employee wages based on years of service
• Stock purchase program: Eligible employees can purchase company stock at a discounted price

Factors affecting Costco Cashier compensation

Costco Cashier hourly rate is $15.52 on average as of September 2024. Costco Cashiers can earn up to $30+ per hour after 5 years of full-time employment. Regular wage increases, semi-annual bonuses, and comprehensive employee benefits contribute to overall compensation. Costco's pay structure includes potential for significant salary growth over time, making it an attractive option for long-term employment in the retail sector.

Costco Cashier wages and pay increases

Starting wage and progression

• Starting hourly wage: Costco's starting hourly rate for Cashiers is $18.50 as of September 2024
• Regular pay increases: Employees receive raises every 6 months for full-time workers
• Top pay potential: After 5 years of full-time work, Cashiers can qualify for top pay of $30+ per hour
• Premium location bonus: Additional $1-2 per hour at premium locations

Costco Cashier hourly rate ranges

• Average hourly rate: The average hourly pay for a Costco Cashier is $15.52
• Pay range: Hourly rates for Cashiers range from $11.94 to $26.62
• Annual earnings potential: Cashiers can earn a total pay of $25,000 to $60,000 per year

Costco employee benefits and bonuses

Performance-based bonuses

• Long-term employee bonuses: Employees with 5+ years of service receive an average annual bonus of $4,000, awarded semi-annually and annually
• Bonus range: Annual bonuses range from $5,500 for those under 10 years to $10,000 for those with 25+ years of service

Additional earnings

• Overtime and Sunday pay: Employees receive 1.5x pay for overtime and Sunday work
• Potential earnings: A non-manager with 6+ years of experience can potentially earn over $80,000 per year with overtime and bonuses

Comprehensive Costco employee benefits package

• Health insurance: 88% of workers have company-sponsored health insurance
• 401(k) plans: Costco offers competitive retirement savings options
• Educational assistance: The company provides support for employee education

Factors influencing Costco Cashier wages

Experience and tenure

• Years of service: Longer tenure leads to higher pay and bonus eligibility
• Full-time conversion: Part-time employees are eligible for conversion to full-time status after 1-2 years

Performance and skills

• Additional skills: Developing extra skills can impact hourly rates
• Certifications: Obtaining relevant certifications may increase earning potential

Location and cost of living

• Geographic differences: Pay rates may vary based on store location and local cost of living
• Premium locations: Some locations offer higher wages due to increased living costs

Employee satisfaction and retention

• High satisfaction: 57% of Costco employees say they wouldn't leave their job for more money
• Work excitement: 69% of employees are excited to go to work each day
• Competitive pay: Costco's average hourly pay is 17% higher than major competitors

FAQ

What is the average hourly rate for Costco Cashiers?

The average hourly rate for Costco Cashiers is $15.52. However, rates can range from $11.94 to $26.62 per hour.

How does Costco's starting pay compare to other retailers?

Costco's starting pay is generally higher than other retailers. As of September 2024, the starting hourly rate for Cashiers is $18.50.

Are there differences in Costco Cashier salaries across states?

Yes, Costco Cashier salaries vary by state. For example, top-paying states like Minnesota offer $22.48 per hour, while the national average is $20.52 per hour.

What benefits do Costco Cashiers receive in addition to their salary?

Costco Cashiers receive comprehensive health insurance, a 401(k) plan with company match, employee stock purchase options, and twice-yearly bonuses for long-term employees.

How does Costco determine pay increases for Cashiers?

Costco determines pay increases based on performance and years of service. Full-time employees receive raises every 6 months, with potential to reach top pay of $30+ per hour after 5 years.