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Average Budget Analysts Salary in Oklahoma City, OK

Budget Analysts in Oklahoma City, OK, earn an average annual salary of $81,600. This figure is notably below the national average of $95,520, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within the region.

Executive Summary

  • Average Salary: $81,600 per year.
  • Growth Trend: Salaries have shifted 9.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $110,140.
  • Outlook: With a total local workforce of 280 Budget Analysts, Oklahoma City presents a moderately sized, yet concentrated, job market. The Location Quotient of 1.39 indicates a higher-than-average concentration of these professionals compared to the national landscape, implying a stable demand for their specialized financial planning and analysis skills within the local economy.
2024 Market Data

Salary Overview

$81,600

The average Budget Analysts in Oklahoma City, OK earns-14.6%below the national average.

BreakdownBased on 40h/week
Hourly

$39.2

Weekly

$1,569

Monthly

$6,800

Budget Analysts Salary Distribution in Oklahoma City, OK

The career trajectory for Budget Analysts in Oklahoma City typically involves significant salary growth with experience. Entry-level positions might start at a lower percentile, but as professionals gain expertise, develop advanced analytical skills, and take on more complex responsibilities, their salaries can ascend through the higher percentiles, reflecting a clear path for career progression and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$56,240$27
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$61,200$29.4
ManagerOversees team, compliance, and project delivery.50% (Median)$77,940$37.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$102,000$49
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$110,140$53

Detailed Budget Analysts Market Analysis

Relocation Context

Nominal Salary

$81,600

Gross Pay

Real Wage (Purchasing Power)

$81,600

Adjusted for COL (100)

The average annual salary of $81,600 for Budget Analysts in Oklahoma City aligns perfectly with the national average cost of living index of 100. This means that the nominal salary holds its purchasing power relative to the rest of the country, offering a stable financial foundation for residents without the immediate pressure of significantly higher or lower living expenses.

Job Market Context

280

Total Jobs

0.425

Per 1K Jobs

1.39

Location Quotient

Above Average

With a location quotient of 1.39, Oklahoma City, OK has a slightly higher-than-average concentration of Budget Analysts roles compared to the national norm.

Oklahoma City's Location Quotient of 1.39 for Budget Analysts signifies a market where these professionals are more concentrated than the national average. This suggests a robust local demand for their services, potentially offering more job opportunities and a competitive environment where skilled analysts are highly valued by regional employers.

Nearby Job Markets

Nearby Cities for Budget Analysts

CitySalaryDist.
Northeast Oklahoma nonmetropolitan area Budget Analysts Salary$58,900↓ 28%34 mi
Southwest Oklahoma nonmetropolitan area Budget Analysts Salary$64,410↓ 21%34 mi

Comparing salaries near Oklahoma City, OK

Hiring Budget Analystss?

Frequently Asked Questions

How much does a Budget Analysts make in Oklahoma City, OK?

The median annual salary for a Budget Analysts in Oklahoma City, OK is $81,600. This typically ranges from $56,240 for entry-level positions to $110,140 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Oklahoma City, OK is 14.6% lower than the national median of $95,520.

Is Oklahoma City, OK a lucrative place for Budget Analysts?

Yes, with caveats.While the average salary is below the national average, the cost of living is also at the national average, maintaining purchasing power. The high concentration of roles (LQ of 1.39) indicates strong local demand.

Is Oklahoma City, OK a good place to live for Budget Analysts?

The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Oklahoma City, OK?

Some top paying nearby cities include Northeast Oklahoma nonmetropolitan area ($58,900) and Southwest Oklahoma nonmetropolitan area.

How does the Oklahoma City Budget Analyst salary compare to the national average?

The average annual salary for Budget Analysts in Oklahoma City is $81,600, which is lower than the national average of $95,520.

What is the cost of living in Oklahoma City, OK?

Oklahoma City's cost of living index is 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there compared to the rest of the United States.

Is there a high demand for Budget Analysts in Oklahoma City?

The Location Quotient of 1.39 suggests a higher-than-average concentration of Budget Analysts, indicating a strong local demand for their skills.

How many Budget Analysts are there in Oklahoma City?

There are approximately 280 Budget Analysts working in Oklahoma City, contributing to the local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Oklahoma City, OK area with a job density of 0.425 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 Oklahoma City, OK