Average Budget Analysts Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Budget Analysts in the Philadelphia-Camden-Wilmington metropolitan area earn an average annual salary of $91,600. This figure is slightly below the national average of $95,520, reflecting regional economic factors and the specific demand for financial planning expertise within this locale. While the nominal salary is competitive, understanding the local market dynamics is key.
Executive Summary
- Average Salary: $91,600 per year.
- Growth Trend: Salaries have shifted 18.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,400.
- Outlook: With a local workforce of 570 Budget Analysts, the Philadelphia-Camden-Wilmington area demonstrates a stable, albeit not exceptionally concentrated, presence of these professionals. The Location Quotient of 0.66 suggests that the concentration of Budget Analysts is lower than the national average, indicating a moderate demand that is not oversaturated.
Salary Overview
The average Budget Analysts in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-4.1%below the national average.
$44
$1,762
$7,633
Budget Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the field of Budget Analysis has experienced steady growth over the past four years, driven by the increasing complexity of financial management across industries. This trend likely translates to a gradual increase in average salaries for Budget Analysts in the Philadelphia-Camden-Wilmington region, mirroring national patterns of compensation adjustment.
Budget Analysts Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Budget Analysts in Philadelphia-Camden-Wilmington is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on expertise and strategic financial oversight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,500 | $31.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,700 | $33 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,160 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,500 | $55 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,400 | $59.8 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$91,600
Gross Pay
Real Wage (Purchasing Power)
$91,600
Adjusted for COL (100)
The average annual salary of $91,600 for Budget Analysts in Philadelphia-Camden-Wilmington aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Budget Analyst's salary in this region is equivalent to that of their national counterparts, offering a stable financial footing without the added pressure of higher living expenses.
Job Market Context
570
Total Jobs
0.2
Per 1K Jobs
0.66
Location Quotient
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has 0.66x 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.
The Location Quotient of 0.66 indicates that Budget Analysts are less concentrated in the Philadelphia-Camden-Wilmington area compared to the national average. This suggests that while the market is not saturated, the demand might be more specialized or less robust than in regions with a higher concentration of these roles, potentially leading to a more competitive job search for candidates.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Budget Analysts Salary | $88,200↓ 4% | 28 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Budget Analysts in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $91,600. This typically ranges from $65,500 for entry-level positions to $124,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 4.1% lower than the national median of $95,520.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Budget Analysts?
No, it is slightly below the national average.Budget Analysts in this region earn $91,600 annually, which is less than the national average of $95,520. However, the cost of living is on par with the national average, making the effective purchasing power comparable.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Budget Analysts?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($88,200) and others.
How does the number of Budget Analysts in Philadelphia compare to the national average?
The Philadelphia-Camden-Wilmington area has 570 Budget Analysts, with 0.2 jobs per 1,000 workers. This is lower than the national average, as indicated by a Location Quotient of 0.66.
What is the cost of living for Budget Analysts in Philadelphia?
The cost of living in Philadelphia-Camden-Wilmington is exactly at the national average, with an index of 100. This means your salary of $91,600 has the same purchasing power as it would nationally.
Is the job market for Budget Analysts competitive in Philadelphia?
With a Location Quotient of 0.66, the market is less concentrated than the national average, suggesting moderate competition. There are 570 Budget Analysts in the region.
How does experience affect a Budget Analyst's salary in Philadelphia?
Experience significantly impacts salary. Entry-level roles will pay less than the $91,600 average, while senior Budget Analysts with extensive experience can earn substantially more, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.2 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD