Average Budget Analysts Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Budget Analysts in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn a commanding average annual salary of $119,610. This figure significantly outpaces the national average of $95,520, reflecting the region's high demand for financial expertise and the concentration of government and private sector organizations requiring sophisticated budget management.
Executive Summary
- Average Salary: $119,610 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $153,340.
- Outlook: The local job market for Budget Analysts in Washington-Arlington-Alexandria is robust, evidenced by a substantial workforce of 4,830 professionals. The exceptionally high Location Quotient of 5.06 indicates a significantly greater concentration of these roles compared to the national average, suggesting strong and sustained demand within the region.
Salary Overview
The average Budget Analysts in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+25.2%above the national average.
$57.5
$2,300
$9,968
Budget Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Budget Analysts in the Washington-Arlington-Alexandria area have experienced consistent growth over the past four years. This trend is typical for specialized financial roles in high-demand metropolitan areas, driven by inflation, increased complexity in financial regulations, and the ongoing need for skilled budget management.
Budget Analysts Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
Salary progression for Budget Analysts is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, often reaching the upper percentiles. The widening gap between entry-level and senior roles highlights clear career advancement opportunities and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,990 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,708 | $43.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,890 | $58.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $149,513 | $71.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $153,340 | $73.7 |
Detailed Budget Analysts Market Analysis
Relocation Context
Nominal Salary
$119,610
Gross Pay
Real Wage (Purchasing Power)
$119,610
Adjusted for COL (100)
The average annual salary of $119,610 for Budget Analysts in Washington-Arlington-Alexandria aligns perfectly with the national average Cost of Living Index of 100. This means that the higher nominal salary translates directly into strong purchasing power, allowing professionals in this role to enjoy a comparable standard of living to their national counterparts, without the added financial strain of a higher cost of living.
Job Market Context
4,830
Total Jobs
1.549
Per 1K Jobs
5.06
Location Quotient
Washington-Arlington-Alexandria, DC-VA-MD-WV has 5.1x 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.
With a Location Quotient of 5.06, the Washington-Arlington-Alexandria area exhibits a highly concentrated market for Budget Analysts, indicating a demand that is more than five times the national average relative to the general workforce. This suggests a competitive landscape for employers seeking talent but presents a lucrative environment for skilled Budget Analysts looking for opportunities.
Nearby Job Markets
Nearby Cities for Budget Analysts
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Budget Analysts Salary | $97,770↓ 18% | 35 mi |
| Lexington Park, MD Budget Analysts Salary | $104,140↓ 13% | 55 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Budget Analystss?
Frequently Asked Questions
How much does a Budget Analysts make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Budget Analysts in Washington-Arlington-Alexandria, DC-VA-MD-WV is $119,610. This typically ranges from $77,990 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 Washington-Arlington-Alexandria, DC-VA-MD-WV is 25.2% higher than the national median of $95,520.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Budget Analysts?
Yes, it is a highly lucrative area for Budget Analysts.The average salary of $119,610 is substantially higher than the national average, and the cost of living is at the national average, making this region financially advantageous for the profession.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Budget Analysts?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($97,770) and Lexington Park, MD.
How does the number of Budget Analysts in Washington-Arlington-Alexandria compare nationally?
With 4,830 Budget Analysts locally and a Location Quotient of 5.06, the concentration of these roles is significantly higher than the national average, indicating a robust local job market.
What does a Location Quotient of 5.06 mean for Budget Analysts?
A Location Quotient of 5.06 signifies that Budget Analysts are over five times more concentrated in the Washington-Arlington-Alexandria area than in the U.S. overall, pointing to high demand and specialized industry presence.
Does the cost of living impact the value of a Budget Analyst's salary in this area?
No, the Cost of Living Index is 100, matching the national average. Therefore, the higher nominal salary of $119,610 provides excellent purchasing power for Budget Analysts in this region.
What is the typical career path for a Budget Analyst in this region?
Career paths often involve progressing from junior analyst roles to senior analyst, lead analyst, or management positions, with salary increases reflecting expanded responsibilities and expertise gained over time.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,830 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 1.549 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 Washington-Arlington-Alexandria, DC-VA-MD-WV