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Average Budget Analysts Salary in New York

Budget Analysts in New York earn an average annual salary of $94,200, slightly below the national average of $95,520. This marginal difference is often influenced by the state's dynamic economic landscape and the specific demands of its diverse industries, which can necessitate specialized financial oversight and strategic planning.

Executive Summary

  • Average Salary: $94,200 per year.
  • Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $135,740.
  • Outlook: With a local workforce of 2,740 Budget Analysts, New York demonstrates a significant presence in this field. The Location Quotient of 0.94 indicates a concentration very close to the national average, suggesting a stable and established market for these professionals. The rate of 0.287 jobs per 1,000 workers further supports the notion of a robust and consistently active job market.
2024 Market Data

Salary Overview

$94,200

The average Budget Analysts in New York earns-1.4%below the national average.

BreakdownBased on 40h/week
Hourly

$45.3

Weekly

$1,812

Monthly

$7,850

Budget Analysts Salary Distribution in New York

The salary progression for Budget Analysts in New York 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. These percentile gaps clearly signify career advancement opportunities and the increasing value placed on expertise within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$61,120$29.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$70,650$34
ManagerOversees team, compliance, and project delivery.50% (Median)$86,310$41.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$117,750$56.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$135,740$65.3

Detailed Budget Analysts Market Analysis

Relocation Context

Nominal Salary

$94,200

Gross Pay

Real Wage (Purchasing Power)

$75,300

Adjusted for COL (125.1)

While the nominal average salary in New York is $94,200, the state's Cost of Living Index stands at 125.1, significantly above the national average. This means that the purchasing power of a $94,200 salary is considerably diminished compared to more affordable regions, requiring a higher nominal income to maintain a comparable standard of living.

Job Market Context

2,740

Total Jobs

0.287

Per 1K Jobs

0.94

Location Quotient

Below Average

New York has 0.94x the national average concentration of Budget Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.94 suggests that Budget Analyst roles are nearly as concentrated in New York as they are nationally. This indicates a competitive yet accessible job market, where demand is consistent with the overall supply of professionals. While not an area of extreme over- or under-supply, the market offers steady opportunities for skilled individuals.

Nearby Job Markets

Nearby Cities for Budget Analysts

CitySalaryDist.
Scranton--Wilkes-Barre, PA Budget Analysts Salary$72,180↓ 23%64 mi
Albany-Schenectady-Troy, NY Budget Analysts Salary$82,020↓ 13%68 mi

Comparing salaries near New York

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Frequently Asked Questions

How much does a Budget Analysts make in New York?

The median annual salary for a Budget Analysts in New York is $94,200. This typically ranges from $61,120 for entry-level positions to $135,740 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 1.4% lower than the national median of $95,520.

Is New York a lucrative place for Budget Analysts?

Yes, with caveats.New York offers a high nominal salary for Budget Analysts, but the significantly higher cost of living means that the real value of this salary requires careful consideration.

Is New York a good place to live for Budget Analysts?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Scranton--Wilkes-Barre, PA ($72,180) and Albany-Schenectady-Troy, NY.

How does the New York Budget Analyst salary compare to the national average?

The average annual salary for Budget Analysts in New York is $94,200, which is slightly lower than the national average of $95,520.

What is the concentration of Budget Analysts in New York?

New York has a Location Quotient of 0.94 for Budget Analysts, indicating a concentration very close to the national average.

How does the cost of living affect the Budget Analyst salary in New York?

With a Cost of Living Index of 125.1, the $94,200 salary in New York has less purchasing power than the national average salary in a more affordable location.

What is the total number of Budget Analysts in New York?

There are approximately 2,740 Budget Analysts employed in New York State.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,740 employees in the New York area with a job density of 0.287 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 New York