Budget Analyst Salary in Maryland
Based on 2K+ workers in Maryland
Median Annual Salary (MD)
$106,020
$50.97/hr
vs National Average
$88,333
+20.0% vs national median
Salary Range (10th–90th)
$66K – $157K
2K employed in Maryland
Budget Analyst salary in Maryland averages $106,020 per year, positioning the state well above national benchmarks. With approximately 2,490 budget analysts employed across Maryland, the field represents a stable career path in the state's public and private sectors. This median salary reflects strong demand for financial planning expertise in the region.
Several factors influence Budget Analyst salary in Maryland, including education level, years of experience, and industry sector. Government positions often offer different compensation structures than private corporations, while advanced certifications and specialized skills can command premium pay. Geographic variation within the state also plays a role, with positions in urban centers typically offering higher salaries than rural areas.
Salary Distribution — Budget Analyst in Maryland
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $65,680 |
| 25th percentile | $83,820 |
| Median (50th percentile) | $106,020 |
| 75th percentile | $133,220 |
| 90th percentile | $156,750 |
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 Maryland 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 Maryland vs National
| Year | Median Salary (Maryland) |
|---|---|
| 2022 | $106,810 |
| 2023 | $102,150 |
| 2024 | $101,420 |
| 2025 | $106,020 |
| 2026 (projected) | $110,829 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maryland Median | National Median |
|---|---|---|
| 2022 | $106,810 | $79,026 |
| 2023 | $102,150 | $82,697 |
| 2024 | $101,420 | $85,577 |
| 2025 | $106,020 | $88,333 |
| 2026 (projected) | $110,829 | $92,339 |
Budget Analyst Salary by Experience Level in Maryland
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $83,820 |
| Mid-level | 3-5 yrs | $106,020 |
| Senior | 6-9 yrs | $133,220 |
| Staff / Lead | 10+ yrs | $156,750 |
Budget Analyst Salary in Other States
Related Budget Analyst Salaries in Maryland
How other high-demand occupations in Maryland compare to Budget Analyst ($106,020 median).
| Occupation | Median Salary | vs Budget Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MD | $158,750 | +49.7% | $76.32/hr |
| Economist in MD | $144,680 | +36.5% | $69.56/hr |
| Actuary in MD | $126,950 | +19.7% | $61.03/hr |
| Financial Examiner in MD | $102,980 | -2.9% | $49.51/hr |
| Tax Examiner in MD | $101,400 | -4.4% | $48.75/hr |
| Financial Analyst in MD | $100,370 | -5.3% | $48.25/hr |
| Personal Financial Advisor in MD | $99,880 | -5.8% | $48.02/hr |
| Accountant in MD | $89,370 | -15.7% | $42.97/hr |
| Compliance Officer in MD | $84,720 | -20.1% | $40.73/hr |
| Credit Analyst in MD | $75,390 | -28.9% | $36.25/hr |
| Loan Officer in MD | $73,580 | -30.6% | $35.38/hr |
| Securities Sales Agent in MD | $61,660 | -41.8% | $29.64/hr |
Frequently Asked Questions
How much do budget analysts make in Maryland?
- The median salary for budget analysts in Maryland is $106,020 per year, or $51 per hour. This is 20% higher than the national average, making Maryland a competitive state for this role.
What is the salary range for budget analysts in Maryland?
- Budget analysts in Maryland earn between $65,680 and $156,750 annually, depending on experience, education, and employer. This wide range reflects the variation in positions from entry-level to senior analyst roles.
How many budget analysts are employed in Maryland?
- There are approximately 2,490 budget analysts employed in Maryland, indicating a stable job market for professionals in this field.
Is Maryland's budget analyst salary above the national average?
- Yes, Maryland's median budget analyst salary of $106,020 is 20% above the national average, making it one of the better-paying states for this position.