Average Budget Analysts Salary in Virginia
Budget Analysts in Virginia earn a commanding average annual salary of $111,720, significantly outperforming the national average of $95,520. This robust compensation is driven by Virginia's strong economic landscape and a concentrated demand for financial expertise within the state's diverse industries.
Executive Summary
- Average Salary: $111,720 per year.
- Growth Trend: Salaries have shifted 15.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $153,340.
- Outlook: With a total local workforce of 2,940 Budget Analysts and a Location Quotient of 2.37, Virginia demonstrates a substantial and concentrated presence of these professionals. This high concentration suggests a robust job market with a demand that significantly exceeds the national average, indicating a healthy environment for current and prospective Budget Analysts.
Salary Overview
The average Budget Analysts in Virginia earns+17.0%above the national average.
$53.7
$2,148
$9,310
Budget Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary trend for Budget Analysts in Virginia over the past four years has mirrored national trends, likely showing consistent growth. Factors such as inflation, increasing demand for financial oversight, and the evolving complexity of fiscal management in both public and private sectors typically contribute to upward salary adjustments.
Budget Analysts Salary Distribution in Virginia
The career trajectory for Budget Analysts in Virginia offers significant earning potential, with salaries scaling considerably from entry-level positions to senior roles. The difference in compensation between junior analysts and seasoned professionals, often reflected in percentile gaps, signifies the value placed on experience, specialized skills, and demonstrated success in financial planning and analysis.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,240 | $32.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,790 | $40.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,740 | $52.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $139,650 | $67.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $153,340 | $73.7 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$111,720
Gross Pay
Real Wage (Purchasing Power)
$110,178
Adjusted for COL (101.4)
The average annual salary of $111,720 in Virginia presents a favorable financial standing when considered against the state's Cost of Living Index of 101.4. This index, only slightly above the national average of 100, indicates that the higher nominal salary translates into strong purchasing power, allowing Budget Analysts to maintain a comfortable lifestyle.
Job Market Context
2,940
Total Jobs
0.724
Per 1K Jobs
2.37
Location Quotient
Virginia has 2.4x 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.
Virginia's Location Quotient of 2.37 for Budget Analysts is a strong indicator of a highly concentrated job market. This means the state employs more than double the number of Budget Analysts relative to the national average for its workforce size, suggesting a competitive yet abundant market where specialized talent is highly valued and sought after.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Budget Analysts Salary | $90,660↓ 19% | 25 mi |
| Richmond, VA Budget Analysts Salary | $91,940↓ 18% | 41 mi |
Comparing salaries near Virginia
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Frequently Asked Questions
How much does a Budget Analysts make in Virginia?
The median annual salary for a Budget Analysts in Virginia is $111,720. This typically ranges from $68,240 for entry-level positions to $153,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 17.0% higher than the national median of $95,520.
Is Virginia a lucrative place for Budget Analysts?
Yes, Virginia is a highly lucrative state for Budget Analysts.The average salary of $111,720 significantly exceeds the national average, and the cost of living is only marginally higher, offering excellent earning potential.
Is Virginia a good place to live for Budget Analysts?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Charlottesville, VA ($90,660) and Richmond, VA.
How does Virginia's Budget Analyst salary compare to the national average?
Budget Analysts in Virginia earn an average of $111,720 annually, which is substantially higher than the national average of $95,520.
What is the concentration of Budget Analysts in Virginia?
Virginia has a high concentration of Budget Analysts, indicated by a Location Quotient of 2.37, meaning the profession is more than twice as common there compared to the national average.
How does the cost of living in Virginia affect a Budget Analyst's salary?
With a Cost of Living Index of 101.4, Virginia's cost of living is only slightly above the national average. This means the higher average salary of $111,720 provides strong real income and purchasing power for Budget Analysts.
What does the number of Budget Analysts per 1,000 workers suggest?
The figure of 0.724 jobs per 1,000 workers indicates a solid presence of Budget Analyst roles within the state's overall employment landscape, reinforcing the demand for these financial professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,940 employees in the Virginia area with a job density of 0.724 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 Virginia