Budget Analyst Salary in Illinois
Based on 750+ workers in Illinois
Median Annual Salary (IL)
$94,880
$45.62/hr
vs National Average
$88,333
+7.4% vs national median
Salary Range (10th–90th)
$59K – $132K
750 employed in Illinois
Budget Analyst salary in Illinois averages $94,880 per year, positioning the state 7% above the national average. With approximately 750 budget analysts currently employed throughout Illinois, this field offers competitive compensation in the public and private sectors. Salaries in the state typically range from $59,300 to $132,380, reflecting variations based on experience and employer type.
Several factors influence budget analyst compensation in Illinois, including years of professional experience, educational credentials, and industry sector. Government positions often differ from corporate roles in salary structure and benefits. The size and financial resources of an employer, whether a large municipality, state agency, or private corporation, significantly impact earning potential. Geographic location within Illinois and specialized certifications can also create meaningful salary differences among professionals in this field.
Salary Distribution — Budget Analyst in Illinois
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $59,300 |
| 25th percentile | $73,320 |
| Median (50th percentile) | $94,880 |
| 75th percentile | $112,260 |
| 90th percentile | $132,380 |
Top-Paying Industries for Budget Analyst (U.S.)
Which industries pay Budget Analysts the most — nationwide figures (industry-level data is not available by state). Budget Analysts in Illinois tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Utilities | $105,170 | 340 |
| Wholesale Trade | $104,820 | 470 |
| Professional, Scientific, and Technical Services | $101,850 | 4K |
| Information | $99,530 | 430 |
| Retail Trade | $98,500 | 40 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Budget Analyst in Illinois vs National
| Year | Median Salary (Illinois) |
|---|---|
| 2022 | $84,310 |
| 2023 | $89,810 |
| 2024 | $91,140 |
| 2025 | $94,880 |
| 2026 (projected) | $98,773 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Illinois Median | National Median |
|---|---|---|
| 2022 | $84,310 | $79,026 |
| 2023 | $89,810 | $82,697 |
| 2024 | $91,140 | $85,577 |
| 2025 | $94,880 | $88,333 |
| 2026 (projected) | $98,773 | $91,958 |
Budget Analyst Salary by Experience Level in Illinois
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $73,320 |
| Mid-level | 3-5 yrs | $94,880 |
| Senior | 6-9 yrs | $112,260 |
| Staff / Lead | 10+ yrs | $132,380 |
Budget Analyst Salary in Other States
Related Budget Analyst Salaries in Illinois
How other high-demand occupations in Illinois compare to Budget Analyst ($94,880 median).
| Occupation | Median Salary | vs Budget Analyst | Hourly |
|---|---|---|---|
| Financial Manager in IL | $165,880 | +74.8% | $79.75/hr |
| Personal Financial Advisor in IL | $120,130 | +26.6% | $57.75/hr |
| Actuary in IL | $115,430 | +21.7% | $55.50/hr |
| Financial Analyst in IL | $101,180 | +6.6% | $48.64/hr |
| Securities Sales Agent in IL | $99,840 | +5.2% | $48.00/hr |
| Financial Examiner in IL | $93,150 | -1.8% | $44.78/hr |
| Credit Analyst in IL | $84,990 | -10.4% | $40.86/hr |
| Tax Examiner in IL | $81,180 | -14.4% | $39.03/hr |
| Compliance Officer in IL | $80,550 | -15.1% | $38.73/hr |
| Accountant in IL | $80,230 | -15.4% | $38.57/hr |
| Loan Officer in IL | $79,150 | -16.6% | $38.05/hr |
| Insurance Sales Agent in IL | $64,280 | -32.3% | $30.90/hr |
Frequently Asked Questions
How much do budget analysts make in Illinois?
- The median salary for budget analysts in Illinois is $94,880 per year, or $46 per hour. This is 7.4% higher than the national average for this position.
What is the salary range for budget analysts in Illinois?
- Budget analyst salaries in Illinois range from $59,300 at the lower end to $132,380 at the higher end, representing a span of over $73,000 depending on experience and qualifications.
Is being a budget analyst in Illinois paid more than the national average?
- Yes, budget analysts in Illinois earn 7.4% more than the national average, with a median salary of $94,880 compared to the lower national median.
How many budget analysts are employed in Illinois?
- There are approximately 750 budget analysts currently employed in Illinois, indicating a moderate job market for this profession in the state.