SalaryNode

Average Budget Analysts Salary in Baltimore-Columbia-Towson, MD

Budget Analysts in the Baltimore-Columbia-Towson, MD area earn an impressive average annual salary of $97,770, surpassing the national average of $95,520. This elevated compensation is largely driven by the region's specific economic demands and the concentration of industries requiring skilled financial oversight.

Executive Summary

  • Average Salary: $97,770 per year.
  • Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $148,660.
  • Outlook: The Baltimore-Columbia-Towson metropolitan area demonstrates a robust job market for Budget Analysts, evidenced by a substantial local workforce of 1,290 professionals. The high Location Quotient of 3.14 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong and sustained demand within the region.
2024 Market Data

Salary Overview

$97,770

The average Budget Analysts in Baltimore-Columbia-Towson, MD earns+2.4%above the national average.

BreakdownBased on 40h/week
Hourly

$47

Weekly

$1,880

Monthly

$8,148

Budget Analysts Salary Distribution in Baltimore-Columbia-Towson, MD

Experience plays a crucial role in the earning potential of Budget Analysts. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized expertise can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career progression and increased earning capacity.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$55,910$26.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$73,328$35.3
ManagerOversees team, compliance, and project delivery.50% (Median)$89,470$43
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$122,213$58.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$148,660$71.5

Detailed Budget Analysts Market Analysis

Relocation Context

Nominal Salary

$97,770

Gross Pay

Real Wage (Purchasing Power)

$97,770

Adjusted for COL (100)

The nominal average salary of $97,770 in Baltimore-Columbia-Towson aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Budget Analyst's salary in this region is equivalent to the national standard, offering a stable financial environment without the added pressure of higher living expenses.

Job Market Context

1,290

Total Jobs

0.961

Per 1K Jobs

3.14

Location Quotient

Major Hub

Baltimore-Columbia-Towson, MD has 3.1x 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.

With a Location Quotient of 3.14, the Baltimore-Columbia-Towson area is a highly concentrated market for Budget Analysts, indicating a significantly greater presence of these professionals than the national average. This suggests a competitive yet abundant job market where employers actively seek specialized talent, and professionals have ample opportunities for career advancement.

Nearby Job Markets

Nearby Cities for Budget Analysts

CitySalaryDist.
Washington-Arlington-Alexandria, DC-VA-MD-WV Budget Analysts Salary$119,610↑ 22%35 mi

Comparing salaries near Baltimore-Columbia-Towson, MD

Hiring Budget Analystss?

Frequently Asked Questions

How much does a Budget Analysts make in Baltimore-Columbia-Towson, MD?

The median annual salary for a Budget Analysts in Baltimore-Columbia-Towson, MD is $97,770. This typically ranges from $55,910 for entry-level positions to $148,660 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Baltimore-Columbia-Towson, MD is 2.4% higher than the national median of $95,520.

Is Baltimore-Columbia-Towson, MD a lucrative place for Budget Analysts?

Yes, Baltimore-Columbia-Towson, MD is a lucrative area for Budget Analysts.Budget Analysts here earn above the national average salary, and the cost of living is right at the national average, making it financially advantageous.

Is Baltimore-Columbia-Towson, MD a good place to live for Budget Analysts?

The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Baltimore-Columbia-Towson, MD?

Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($119,610) and others.

How does the number of Budget Analysts in Baltimore compare nationally?

Baltimore-Columbia-Towson has a Location Quotient of 3.14, meaning there are over three times the number of Budget Analysts per worker compared to the national average.

What is the average salary for a Budget Analyst in Baltimore-Columbia-Towson, MD?

The average annual salary for a Budget Analyst in this region is $97,770.

Is the cost of living high in Baltimore-Columbia-Towson, MD?

No, the cost of living index is 100, which is exactly the national average, making it neither high nor low relative to the rest of the country.

How many Budget Analysts are there in the Baltimore-Columbia-Towson, MD workforce?

There are approximately 1,290 Budget Analysts in the local workforce, representing 0.961 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,290 employees in the Baltimore-Columbia-Towson, MD area with a job density of 0.961 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Baltimore-Columbia-Towson, MD

Semantic Salary Analysis for Budget Analysts • Data source: BLS OEWS 2024 •Jobs in Baltimore-Columbia-Towson, MD