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Average Budget Analysts Salary in Florida

Budget Analysts in Florida earn an average annual salary of $89,270, which is slightly below the national average of $95,520. This difference is influenced by a combination of factors unique to the state's economic landscape, including industry demand and the overall cost of living.

Executive Summary

  • Average Salary: $89,270 per year.
  • Growth Trend: Salaries have shifted 20.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $131,500.
  • Outlook: With a local workforce of 3,450 Budget Analysts and a Location Quotient of 1.15, Florida demonstrates a healthy concentration of these professionals, indicating a robust demand for their financial planning and analysis skills within the state's economy.
2024 Market Data

Salary Overview

$89,270

The average Budget Analysts in Florida earns-6.5%below the national average.

BreakdownBased on 40h/week
Hourly

$42.9

Weekly

$1,717

Monthly

$7,439

Budget Analysts Salary Distribution in Florida

Career progression for Budget Analysts in Florida typically involves significant salary increases with experience. Entry-level positions may start around the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting their value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,820$25.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,953$32.2
ManagerOversees team, compliance, and project delivery.50% (Median)$79,880$38.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$111,588$53.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$131,500$63.2

Detailed Budget Analysts Market Analysis

Relocation Context

Nominal Salary

$89,270

Gross Pay

Real Wage (Purchasing Power)

$87,263

Adjusted for COL (102.3)

While the average salary of $89,270 in Florida is slightly lower than the national average, the state's Cost of Living Index of 102.3 is only marginally above the national average. This suggests that the nominal salary offers a relatively good purchasing power for Budget Analysts residing in Florida.

Job Market Context

3,450

Total Jobs

0.351

Per 1K Jobs

1.15

Location Quotient

Above Average

With a location quotient of 1.15, Florida has a slightly higher-than-average concentration of Budget Analysts roles compared to the national norm.

A Location Quotient of 1.15 signifies that Budget Analysts are more concentrated in Florida than the national average. This suggests a competitive yet stable job market, where demand is present and potentially growing, offering good opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Budget Analysts

CitySalaryDist.
Lakeland-Winter Haven, FL Budget Analysts Salary$76,170↓ 15%26 mi
Tampa-St. Petersburg-Clearwater, FL Budget Analysts Salary$92,490↑ 4%49 mi
Orlando-Kissimmee-Sanford, FL Budget Analysts Salary$79,500↓ 11%57 mi
North Port-Bradenton-Sarasota, FL Budget Analysts Salary$79,740↓ 11%58 mi

Comparing salaries near Florida

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Frequently Asked Questions

How much does a Budget Analysts make in Florida?

The median annual salary for a Budget Analysts in Florida is $89,270. This typically ranges from $52,820 for entry-level positions to $131,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Florida is 6.5% lower than the national median of $95,520.

Is Florida a lucrative place for Budget Analysts?

Yes, with a slight caveat.Florida offers a competitive salary for Budget Analysts, slightly below the national average but with a cost of living that is only marginally higher, making it a financially viable location.

Is Florida a good place to live for Budget Analysts?

The Cost of Living Index in Florida is 102.3. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Florida?

Some top paying nearby cities include Lakeland-Winter Haven, FL ($76,170) and Tampa-St. Petersburg-Clearwater, FL.

How does Florida's Budget Analyst salary compare to the national average?

The average annual salary for Budget Analysts in Florida is $89,270, which is approximately $6,250 less than the national average of $95,520.

What is the concentration of Budget Analysts in Florida?

Florida has a higher concentration of Budget Analysts compared to the national average, as indicated by a Location Quotient of 1.15.

How does the cost of living in Florida affect a Budget Analyst's salary?

With a Cost of Living Index of 102.3, Florida is slightly more expensive than the national average. This means the $89,270 salary provides purchasing power that is close to the national average.

What does the number of jobs per 1,000 workers suggest for Budget Analysts in Florida?

The figure of 0.351 jobs per 1,000 workers indicates a steady presence and demand for Budget Analysts within the Florida workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,450 employees in the Florida area with a job density of 0.351 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Budget Analysts • Data source: BLS OEWS 2024 •Jobs in Florida