Average Budget Analysts Salary in Boston-Cambridge-Newton, MA-NH
Budget Analysts in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an impressive average annual salary of $96,820. This figure slightly surpasses the national average of $95,520, indicating a favorable compensation landscape for this role. The robust economic environment and concentration of industries within the region likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $96,820 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,090.
- Outlook: The Boston-Cambridge-Newton, MA-NH area supports a local workforce of 1,080 Budget Analysts. With a Location Quotient of 1.31, this role is 31% more concentrated than the national average, suggesting a strong and consistent demand for these financial professionals within the region's diverse economic sectors.
Salary Overview
The average Budget Analysts in Boston-Cambridge-Newton, MA-NH earns+1.4%above the national average.
$46.6
$1,862
$8,068
Budget Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Budget Analysts in Boston-Cambridge-Newton, MA-NH have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the overall economic expansion of the metropolitan area.
Budget Analysts Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Budget Analysts in Boston-Cambridge-Newton, MA-NH 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 widening gap between entry-level and senior salaries reflects the increasing value placed on expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,250 | $31.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,615 | $34.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,860 | $45.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,025 | $58.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,090 | $63 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$96,820
Gross Pay
Real Wage (Purchasing Power)
$96,820
Adjusted for COL (100)
The average annual salary of $96,820 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is effectively equivalent to the national average, offering a stable financial footing for professionals relocating to or residing in the area.
Job Market Context
1,080
Total Jobs
0.399
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Budget Analysts roles compared to the national norm.
A Location Quotient of 1.31 signifies that Budget Analysts are more prevalent in the Boston-Cambridge-Newton, MA-NH area than the national average. This suggests a healthy and active job market for these professionals, with employers actively seeking their specialized financial skills. The higher concentration indicates a competitive environment, but also a wealth of opportunities.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Budget Analysts Salary | $89,720↓ 7% | 37 mi |
| Providence-Warwick, RI-MA Budget Analysts Salary | $91,920↓ 5% | 38 mi |
| Manchester-Nashua, NH Budget Analysts Salary | $93,460↓ 3% | 50 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Budget Analysts in Boston-Cambridge-Newton, MA-NH is $96,820. This typically ranges from $66,250 for entry-level positions to $131,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 1.4% higher than the national median of $95,520.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Budget Analysts?
Yes, it is a lucrative area for Budget Analysts.The average salary of $96,820 is above the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Budget Analysts?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($89,720) and Providence-Warwick, RI-MA.
How does the number of Budget Analysts in Boston compare to the national average?
With 1,080 Budget Analysts locally and a Location Quotient of 1.31, this role is 31% more concentrated in Boston-Cambridge-Newton, MA-NH than the national average, indicating a higher demand and presence.
What is the cost of living impact on a Budget Analyst's salary in Boston?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100, matching the national average. Therefore, the $96,820 salary offers purchasing power equivalent to the national average.
Are there many job opportunities for Budget Analysts in this region?
Yes, the Location Quotient of 1.31 suggests a robust market with a higher concentration of Budget Analyst roles compared to the national average, implying good job availability.
How does experience affect a Budget Analyst's salary in Boston?
Experience significantly impacts salary, with entry-level roles earning less and senior positions commanding higher salaries, reflecting career progression and increased responsibilities within the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,080 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.399 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 Boston-Cambridge-Newton, MA-NH