How much does a Budget Analyst make?
A budget analyst plays a key role in managing financial plans and forecasts for organizations. This professional ensures that the company operates within its financial means. Their work often involves analyzing financial data and making recommendations based on their findings. Budget analysts need strong analytical skills and a solid understanding of financial principles.
The salary for budget analysts varies based on experience and location. For those just starting out, salaries can range from $44,250 to $54,000 per year. As experience grows, so does the earning potential. The national average yearly salary for a budget analyst sits at $82,524. Those with more experience and in higher-cost-of-living areas may earn more. Budget analysts who excel in their roles often find rewarding career opportunities with good financial benefits.
What are the highest paying cities for a Budget Analyst?

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Tampa, FL
Average Salary: $108,872
In Tampa, working as a budget expert involves ensuring funds are well spent. Many large companies in the area look for skilled analysts. They focus on both state and federal budgets.
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Washington, DC
Average Salary: $106,830
In Washington, DC, budget professionals play a key role in managing government funds. They work for agencies that need careful financial oversight. The presence of federal institutions offers many opportunities.
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San Francisco, CA
Average Salary: $102,841
In San Francisco, budget analysts help tech companies manage their finances. They ensure funds support growth and development. The presence of major tech firms provides a dynamic work environment.
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Colorado Springs, CO
Average Salary: $101,329
In Colorado Springs, budget experts work with defense contractors and educational institutions. They manage budgets to support operations and research. This city offers stability and good pay for analysts.
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Boulder, CO
Average Salary: $96,925
In Boulder, budget professionals assist universities and research centers. They ensure proper allocation of funds for education and research. This area values knowledgeable and detail-oriented analysts.
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Sacramento, CA
Average Salary: $95,193
In Sacramento, budget analysts work closely with the state government. They manage budgets to support various public services. The state capital provides a unique opportunity to influence policy.
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Huntsville, AL
Average Salary: $93,927
In Huntsville, budget experts support aerospace and defense companies. They ensure efficient use of funds in high-tech industries. This city values precision and attention to detail in financial management.
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Honolulu, HI
Average Salary: $93,774
In Honolulu, budget professionals manage funds for both state agencies and local businesses. They focus on balancing budgets in a diverse economic environment. The island setting offers a unique work experience.
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Seattle, WA
Average Salary: $91,993
In Seattle, budget analysts work for tech giants and educational institutions. They manage budgets to support innovation and education. This city provides a vibrant work environment with many opportunities.
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Salem, OR
Average Salary: $90,692
In Salem, budget experts manage state government budgets. They ensure funds support public services and infrastructure. The state capital offers a stable and rewarding career path for analysts.
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What are the best companies a Budget Analyst can work for?

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CACI International
Average Salary: $110,658
CACI International provides budget analysis services to government agencies, defense, and commercial clients. The company operates in various locations, including Arlington, VA, and San Diego, CA. They focus on creating effective budgets and financial planning strategies.
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CGI
Average Salary: $107,508
CGI offers information technology and consulting services. As a Budget Analyst at CGI, you work with diverse clients to manage financial resources effectively. CGI operates in major cities across North America and Europe, including Montreal, Canada, and Atlanta, GA.
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Heluna Health
Average Salary: $107,500
Heluna Health focuses on health and social services, improving the well-being of communities. Their Budget Analysts develop and monitor budgets to ensure efficient resource use. They are based in Los Angeles, CA, with outreach in several other states.
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Office of the Chief Financial Officer (OCFO)
Average Salary: $105,722
The OCFO manages the federal government's financial operations. Budget Analysts work closely with various departments to oversee budget execution and financial reporting. The OCFO is headquartered in Washington, D.C., with offices across the country.
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US Executive Office for U.S. Attorneys and the Office of the U.S. Attorneys
Average Salary: $103,446
This office manages the U.S. Attorneys' Offices nationwide. Budget Analysts ensure proper allocation of funds and compliance with financial regulations. They are located in Washington, D.C., and have branches throughout the United States.
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Northrop Grumman
Average Salary: $94,339
Northrop Grumman is a global aerospace and defense technology company. Budget Analysts here develop budget proposals and track expenses for various defense projects. They have offices in Falls Church, VA, and El Segundo, CA.
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State of Washington
Average Salary: $92,431
The State of Washington employs Budget Analysts to manage state funds across different departments. They work in Olympia, WA, and other state locations to ensure efficient budget use and reporting.
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New York City Department of Transportation
Average Salary: $87,859
This department manages New York City's transportation systems. Budget Analysts here ensure funds are used effectively for transit operations. They work in Manhattan, NY, to support the city’s transportation needs.
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Federal Bureau of Prisons
Average Salary: $84,571
The Federal Bureau of Prisons oversees federal prisons. Budget Analysts here manage budgets to support inmate care and facility operations. They are based in Washington, D.C., and have offices in various states.
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State of Colorado
Average Salary: $83,882
The State of Colorado hires Budget Analysts to manage state budgets across various departments. They work in Denver, CO, to ensure financial resources are allocated efficiently.
How to earn more as a Budget Analyst?
Working as a Budget Analyst can lead to a fulfilling career with good earning potential. Increasing earnings in this field requires a mix of skills and strategic career moves. One factor to consider is gaining advanced certifications such as becoming a Certified Public Accountant (CPA) or a Certified Budget Professional (CBP). These credentials can make a candidate more attractive to employers and open doors to higher-paying positions.
Another way to earn more as a Budget Analyst is by specializing in a high-demand area. Industries like healthcare, technology, and government often need experts in budget management. Focusing on these sectors can lead to better job opportunities and salary increases. Experience also plays a crucial role. Those with more years in the field and a proven track record of successful budget management can command higher salaries.
Additionally, taking on leadership roles can boost earnings. Budget Analysts who move into managerial positions often see significant pay raises. Seeking out these opportunities for advancement can be a smart career move. Lastly, keeping skills up to date with the latest software and analytical tools can make a Budget Analyst more efficient and valuable to employers.
By focusing on these factors, Budget Analysts can work towards earning more and advancing in their careers.
- Get advanced certifications.
- Specialize in high-demand areas.
- Gain more experience.
- Seek leadership roles.
- Stay updated with the latest tools and software.



