Average Budget Analysts Salary in Santa Fe, NM
The average salary for Budget Analystss in Santa Fe, NM is $72,290. While this is lower than the national average, the cost of living in Santa Fe, NM may offset the difference, preserving real purchasing power. Notably, Santa Fe, NM is a key hub for this profession, with a job concentration 3.05x higher than average.
Executive Summary
- Average Salary: $72,290 per year.
- Growth Trend: Salaries have shifted 18.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,180.
- Outlook: The current demand for Budget Analystss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Santa Fe, NM economy.
Salary Overview
The average Budget Analysts in Santa Fe, NM earns-24.3%below the national average.
$34.8
$1,390
$6,024
Budget Analysts Salary Trends (2020-2024)
Over the past 4 years, Budget Analysts salaries in Santa Fe, NM have shown healthy growth of 18.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Budget Analysts Salary Distribution in Santa Fe, NM
The earning potential for Budget Analystss in Santa Fe, NM varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $60,150, while highly experienced professionals can command wages upwards of $94,180.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,150 | $28.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,218 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,970 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,363 | $43.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,180 | $45.3 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$72,290
Gross Pay
Real Wage (Purchasing Power)
$72,290
Adjusted for COL (100)
In Santa Fe, NM, the Cost of Living Index is 100. This increases your effective purchasing power from $72,290 to $72,290.
Job Market Context
60
Total Jobs
0.932
Per 1K Jobs
3.05
Location Quotient
Santa Fe, NM has 3.0x 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.
60 people work as Budget Analysts in Santa Fe, NM.
Only 0.932 out of every 1,000 local jobs are Budget Analysts roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Budget Analysts Salary | $94,460↑ 31% | 54 mi |
| Eastern New Mexico nonmetropolitan area Budget Analysts Salary | $75,800↑ 5% | 59 mi |
| Northern New Mexico nonmetropolitan area Budget Analysts Salary | $113,970↑ 58% | 59 mi |
Comparing salaries near Santa Fe, NM
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Santa Fe, NM?
The median annual salary for a Budget Analysts in Santa Fe, NM is $72,290. This typically ranges from $60,150 for entry-level positions to $94,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Santa Fe, NM is 24.3% lower than the national median of $95,520.
Is Santa Fe, NM a good place for Budget Analystss?
Yes, Santa Fe, NM is highly recommended due to strong job demand. While salaries are competitive ($72,290), the area is particularly notable for its high job density for Budget Analystss. See distinct detailed breakdown below.
Is Santa Fe, NM a good place to live for Budget Analysts?
The Cost of Living Index in Santa Fe, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Santa Fe, NM?
Some top paying nearby cities include Albuquerque, NM ($94,460) and Eastern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Santa Fe, NM area with a job density of 0.932 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 Santa Fe, NM