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The phrase "average the cost of" is correct and usable in written English.
It can be used when discussing the calculation of the mean value of costs associated with a particular item or service.
Example: "To determine the overall budget, we need to average the cost of all the supplies purchased this month."
Alternatives: "calculate the mean cost of" or "find the average price of".
Exact(13)
It said on average "the cost of benefits was 47percentt higher for federal civilian employees than for private-sector employees". It attributed much of that difference to better retirement benefits for feds.
On average, the cost of a TB infection on a farm is £34,000.
However, on average, the cost of high-density SNP genotyping is relatively low.
Currently, on average, the cost of a generic drug is 80 to 85percentt lower than the brand name product.
Still, on average, the cost of using an open-source product is three to four times cheaper than its proprietary counterpart.
Instead, the project was funded to show that, on average, the cost of tuition could be better spent on building things.
Similar(47)
Weighted average cost of capital (WACC) is the weighted average of the costs of all external funding sources for a company.
The annual ward cost was defined as the average of the costs of the two wards.
The weight for each ICD code was determined by dividing the average cost of the code by the average cost of all codes.
The NHS estimates the average cost of the treatment to be £100,000 per patient.
In Texas, Allstate says rate increases have averaged 25percentt, bringing the average cost of coverage to $950, up $190.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com