Average Budget Analysts Salary in District of Columbia
Budget Analysts in the District of Columbia command an impressive average annual salary of $117,120, substantially exceeding the national average of $95,520. This significant premium is largely driven by the unique economic landscape and high demand for financial expertise within the nation's capital, influencing compensation to reflect the specialized needs and cost of doing business in the area.
Executive Summary
- Average Salary: $117,120 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $153,340.
- Outlook: With a local workforce of 1,720 Budget Analysts and a Location Quotient of 7.91, the job market in the District of Columbia demonstrates a robust concentration of these professionals. This high concentration suggests a strong and sustained demand for their skills, indicating a healthy and potentially growing job market for Budget Analysts in the region.
Salary Overview
The average Budget Analysts in District of Columbia earns+22.6%above the national average.
$56.3
$2,252
$9,760
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 the District of Columbia have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial oversight, and the evolving complexity of fiscal management likely contribute to an upward trajectory in compensation for this role.
Budget Analysts Salary Distribution in District of Columbia
Career progression for Budget Analysts in the District of Columbia typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a clear and rewarding career ladder within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,950 | $35.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,840 | $42.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,960 | $56.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,400 | $70.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $153,340 | $73.7 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$117,120
Gross Pay
Real Wage (Purchasing Power)
$78,763
Adjusted for COL (148.7)
The nominal average salary of $117,120 in the District of Columbia, while substantial, must be considered against the local Cost of Living Index of 148.7. This means that while earning potential is high, the cost of goods and services is also significantly elevated compared to the national average, requiring careful financial planning for residents.
Job Market Context
1,720
Total Jobs
2.421
Per 1K Jobs
7.91
Location Quotient
District of Columbia has 7.9x 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 7.91 for Budget Analysts in the District of Columbia indicates an exceptionally high concentration of these roles relative to the national average. This suggests that the market is not only competitive but also highly specialized, with a disproportionately large number of opportunities and professionals in this field compared to other regions.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Budget Analysts Salary | $97,770↓ 17% | 35 mi |
| Lexington Park, MD Budget Analysts Salary | $104,140↓ 11% | 55 mi |
Comparing salaries near District of Columbia
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Frequently Asked Questions
How much does a Budget Analysts make in District of Columbia?
The median annual salary for a Budget Analysts in District of Columbia is $117,120. This typically ranges from $72,950 for entry-level positions to $153,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in District of Columbia is 22.6% higher than the national median of $95,520.
Is District of Columbia a lucrative place for Budget Analysts?
Yes, the District of Columbia is a highly lucrative location for Budget Analysts.Budget Analysts in DC earn an average of $117,120 annually, significantly higher than the national average, reflecting strong local demand and compensation standards.
Is District of Columbia a good place to live for Budget Analysts?
The Cost of Living Index in District of Columbia is 148.7. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near District of Columbia?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($97,770) and Lexington Park, MD.
How does the DC Budget Analyst salary compare to the national average?
The average annual salary for Budget Analysts in the District of Columbia is $117,120, which is considerably higher than the national average of $95,520.
What does the Location Quotient of 7.91 mean for Budget Analysts in DC?
A Location Quotient of 7.91 signifies that Budget Analysts are nearly eight times more concentrated in the District of Columbia than the national average, indicating a very strong presence and demand for this profession in the area.
How does the cost of living impact the Budget Analyst salary in DC?
With a Cost of Living Index of 148.7, the higher salary in DC is partially offset by increased living expenses, meaning the purchasing power of the $117,120 salary needs to be evaluated within this context.
What is the total number of Budget Analysts in the District of Columbia?
There are approximately 1,720 Budget Analysts employed in the District of Columbia, contributing to the significant concentration of this profession in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,720 employees in the District of Columbia area with a job density of 2.421 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 District of Columbia