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Average Budget Analysts Salary in Huntsville, AL

Budget Analysts in Huntsville, AL, command an impressive average annual salary of $111,530, significantly outpacing the national average of $95,520. This elevated compensation is largely driven by the specialized demand and concentration of roles within the Huntsville metropolitan area, particularly within its robust aerospace and defense sectors.

Executive Summary

  • Average Salary: $111,530 per year.
  • Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $153,110.
  • Outlook: The job market for Budget Analysts in Huntsville, AL, appears robust, supported by a local workforce of 580 professionals. The exceptionally high Location Quotient of 7.31 indicates a substantial concentration of these roles compared to the national average, suggesting strong and consistent demand within the region.
2024 Market Data

Salary Overview

$111,530

The average Budget Analysts in Huntsville, AL earns+16.8%above the national average.

BreakdownBased on 40h/week
Hourly

$53.6

Weekly

$2,145

Monthly

$9,294

Budget Analysts Salary Distribution in Huntsville, AL

Salary progression for Budget Analysts in Huntsville, AL, typically scales significantly 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 career growth path and increased responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$72,780$35
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$83,648$40.2
ManagerOversees team, compliance, and project delivery.50% (Median)$109,050$52.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$139,413$67
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$153,110$73.6

Detailed Budget Analysts Market Analysis

Relocation Context

Nominal Salary

$111,530

Gross Pay

Real Wage (Purchasing Power)

$111,530

Adjusted for COL (100)

The nominal average salary of $111,530 in Huntsville, AL, offers excellent purchasing power. With a Cost of Living Index of 100, which is precisely the national average, professionals in this role can expect their earnings to align closely with the typical American lifestyle, making Huntsville an attractive location for financial professionals.

Job Market Context

580

Total Jobs

2.235

Per 1K Jobs

7.31

Location Quotient

Major Hub

Huntsville, AL has 7.3x 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.

Huntsville's Location Quotient of 7.31 for Budget Analysts signifies a highly concentrated job market, indicating that this profession is significantly more prevalent here than in the average U.S. city. This high concentration suggests a specialized local economy that heavily relies on the expertise of Budget Analysts, potentially leading to competitive opportunities and higher compensation.

Nearby Job Markets

Hiring Budget Analystss?

Frequently Asked Questions

How much does a Budget Analysts make in Huntsville, AL?

The median annual salary for a Budget Analysts in Huntsville, AL is $111,530. This typically ranges from $72,780 for entry-level positions to $153,110 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Huntsville, AL is 16.8% higher than the national median of $95,520.

Is Huntsville, AL a lucrative place for Budget Analysts?

Yes, Huntsville, AL is a highly lucrative place for Budget Analysts.The average salary of $111,530 is substantially higher than the national average, and the cost of living is on par with the national average, allowing for significant disposable income.

Is Huntsville, AL a good place to live for Budget Analysts?

The Cost of Living Index in Huntsville, AL is 100. While higher than average, this often correlates with higher wages.

How does the Huntsville Budget Analyst salary compare to the national average?

Budget Analysts in Huntsville earn an average of $111,530 annually, which is approximately $16,010 more than the national average of $95,520.

What is the significance of the Location Quotient (LQ) for Budget Analysts in Huntsville?

An LQ of 7.31 means that Budget Analyst jobs are over 7 times more concentrated in Huntsville than the national average, indicating a very strong local demand for this profession.

Does the cost of living in Huntsville affect the value of the Budget Analyst salary?

No, the cost of living in Huntsville is exactly at the national average (100), meaning the $111,530 salary has the same purchasing power as it would in a typical U.S. city.

How many Budget Analysts are there in Huntsville, AL?

There are approximately 580 Budget Analysts working in Huntsville, AL, representing 2.235 jobs per 1,000 workers in the area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Huntsville, AL area with a job density of 2.235 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 Huntsville, AL