Average Budget Analysts Salary in Albuquerque, NM
Budget Analysts in Albuquerque, NM, earn an average annual salary of $94,460. This figure is slightly below the national average of $95,520, but local economic factors and the specific demand within the Albuquerque metropolitan area contribute to this competitive compensation. The cost of living in Albuquerque aligns perfectly with the national average, making this salary highly valuable.
Executive Summary
- Average Salary: $94,460 per year.
- Growth Trend: Salaries have shifted 14.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,470.
- Outlook: The job market for Budget Analysts in Albuquerque appears robust, indicated by a substantial local workforce of 270 professionals. The Location Quotient of 2.17 significantly surpasses the national average, suggesting a higher concentration of these roles in Albuquerque than typically found nationwide. This elevated concentration points to strong local demand and a potentially thriving sector for financial analysis.
Salary Overview
The average Budget Analysts in Albuquerque, NM earns-1.1%below the national average.
$45.4
$1,817
$7,872
Budget Analysts Salary Trends (2020-2024)
While specific historical data for Albuquerque Budget Analyst salaries over the past four years is not provided, it is reasonable to assume a trend of steady growth, mirroring national patterns. Economic shifts and increasing reliance on data-driven financial planning generally lead to upward salary adjustments for skilled professionals in this field.
Budget Analysts Salary Distribution in Albuquerque, NM
Salary progression for Budget Analysts in Albuquerque, as elsewhere, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior analysts with extensive experience and specialized skills can expect to earn significantly more, often reaching the higher percentiles. The gap between entry-level and senior roles highlights clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,590 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,845 | $34.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,790 | $43.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,075 | $56.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,470 | $64.6 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$94,460
Gross Pay
Real Wage (Purchasing Power)
$94,460
Adjusted for COL (100)
With an average annual salary of $94,460 and a Cost of Living Index of 100 (matching the national average), Budget Analysts in Albuquerque find their nominal earnings translate directly to purchasing power. This means that the $94,460 salary offers a standard of living equivalent to the national average, providing financial stability without the premium often associated with higher cost-of-living areas.
Job Market Context
270
Total Jobs
0.663
Per 1K Jobs
2.17
Location Quotient
Albuquerque, NM has 2.2x the national concentration of Budget Analysts jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.17 for Budget Analysts in Albuquerque is a significant indicator of market dynamics. A quotient well above 1.0 suggests that this profession is more concentrated in Albuquerque than the national average, implying a specialized demand or a strong presence of industries that heavily utilize budget analysis. This could translate to more opportunities and potentially more competitive hiring for skilled professionals in the area.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Budget Analysts Salary | $75,800↓ 20% | 29 mi |
| Northern New Mexico nonmetropolitan area Budget Analysts Salary | $113,970↑ 21% | 29 mi |
| Santa Fe, NM Budget Analysts Salary | $72,290↓ 23% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Albuquerque, NM?
The median annual salary for a Budget Analysts in Albuquerque, NM is $94,460. This typically ranges from $60,590 for entry-level positions to $134,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 1.1% lower than the national median of $95,520.
Is Albuquerque, NM a lucrative place for Budget Analysts?
Yes, Albuquerque offers a competitive environment for Budget Analysts.The average salary of $94,460 is strong, especially when paired with a national-average cost of living. The high Location Quotient also indicates significant local demand for these professionals.
Is Albuquerque, NM a good place to live for Budget Analysts?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($75,800) and Northern New Mexico nonmetropolitan area.
How does the Albuquerque Budget Analyst salary compare to the national average?
The average annual salary for Budget Analysts in Albuquerque is $94,460, which is slightly below the national average of $95,520.
What is the significance of the Location Quotient in Albuquerque for Budget Analysts?
A Location Quotient of 2.17 means Budget Analysts are more than twice as concentrated in Albuquerque compared to the national average, indicating a strong local demand for this profession.
How does the cost of living in Albuquerque affect the Budget Analyst salary?
Albuquerque's Cost of Living Index is 100, which is the national average. This means the $94,460 salary has the same purchasing power as the national average salary, making it financially advantageous.
What does the total local workforce of 270 Budget Analysts suggest?
A workforce of 270 indicates a solid presence of Budget Analysts in Albuquerque, supporting the idea of a stable and established job market for this role within the city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Albuquerque, NM area with a job density of 0.663 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Budget Analysts • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM