Average Budget Analysts Salary in Springfield, MA
The average salary for a Budget Analysts in Springfield, MA is $86,610. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $86,610 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,500.
- Outlook: The current demand for Budget Analystss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Springfield, MA economy.
Salary Overview
The average Budget Analysts in Springfield, MA earns-9.3%below the national average.
$41.6
$1,666
$7,218
Budget Analysts Salary Trends (2020-2024)
Historical trend data for Budget Analysts in Springfield, MA is limited, but current market signals indicate a stable demand environment.
Budget Analysts Salary Distribution in Springfield, MA
The earning potential for Budget Analystss in Springfield, MA 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 $64,390, while highly experienced professionals can command wages upwards of $116,500.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,390 | $31 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,958 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,190 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,263 | $52 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,500 | $56 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$86,610
Gross Pay
Real Wage (Purchasing Power)
$86,610
Adjusted for COL (100)
In Springfield, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $86,610 to $86,610.
Job Market Context
50
Total Jobs
0.239
Per 1K Jobs
0.78
Location Quotient
Springfield, MA has 0.78x 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.
50 people work as Budget Analysts in Springfield, MA.
Only 0.239 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. |
|---|---|---|
| Amherst Town-Northampton, MA Budget Analysts Salary | $79,150↓ 9% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Budget Analysts Salary | $97,090↑ 12% | 25 mi |
| Worcester, MA Budget Analysts Salary | $89,720↑ 4% | 39 mi |
Comparing salaries near Springfield, MA
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Springfield, MA?
The median annual salary for a Budget Analysts in Springfield, MA is $86,610. This typically ranges from $64,390 for entry-level positions to $116,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 9.3% lower than the national median of $95,520.
Is Springfield, MA a good place for Budget Analystss?
It depends on your priorities. While the average Budget Analysts salary in Springfield, MA is $86,610 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Springfield, MA. See distinct detailed breakdown below.
Is Springfield, MA a good place to live for Budget Analysts?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($79,150) and Hartford-West Hartford-East Hartford, CT.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Springfield, MA area with a job density of 0.239 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 Springfield, MA