Budget Analyst Salary in Massachusetts
Based on 1K+ workers in Massachusetts
Median Annual Salary (MA)
$92,260
$44.36/hr
vs National Average
$88,333
+4.4% vs national median
Salary Range (10th–90th)
$68K – $132K
1K employed in Massachusetts
The median Budget Analyst salary in Massachusetts is $92,260 per year, which is approximately 4% above the national average. Approximately 1,280 Budget Analysts work throughout the state, contributing to various government and private sector organizations. Salaries in this field range from $67,860 to $131,770 annually, reflecting differences in experience and employer size.
Several factors influence Budget Analyst compensation in Massachusetts, including years of professional experience, industry sector, and organizational budget size. Educational credentials and certifications can also impact earning potential. Geographic location within the state and the cost of living in major metropolitan areas like Boston may contribute to the relatively competitive salary levels compared to national figures.
Salary Distribution — Budget Analyst in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $67,860 |
| 25th percentile | $80,940 |
| Median (50th percentile) | $92,260 |
| 75th percentile | $109,100 |
| 90th percentile | $131,770 |
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 Massachusetts 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 Massachusetts vs National
| Year | Median Salary (Massachusetts) |
|---|---|
| 2022 | $86,560 |
| 2023 | $87,240 |
| 2024 | $88,270 |
| 2025 | $92,260 |
| 2026 (projected) | $96,430 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Massachusetts Median | National Median |
|---|---|---|
| 2022 | $86,560 | $79,026 |
| 2023 | $87,240 | $82,697 |
| 2024 | $88,270 | $85,577 |
| 2025 | $92,260 | $88,333 |
| 2026 (projected) | $96,430 | $92,326 |
Budget Analyst Salary by Experience Level in Massachusetts
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $80,940 |
| Mid-level | 3-5 yrs | $92,260 |
| Senior | 6-9 yrs | $109,100 |
| Staff / Lead | 10+ yrs | $131,770 |
Budget Analyst Salary in Other States
Related Budget Analyst Salaries in Massachusetts
How other high-demand occupations in Massachusetts compare to Budget Analyst ($92,260 median).
| Occupation | Median Salary | vs Budget Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MA | $206,760 | +124.1% | $99.40/hr |
| Actuary in MA | $126,040 | +36.6% | $60.60/hr |
| Personal Financial Advisor in MA | $125,670 | +36.2% | $60.42/hr |
| Financial Examiner in MA | $111,110 | +20.4% | $53.42/hr |
| Financial Analyst in MA | $111,040 | +20.4% | $53.38/hr |
| Economist in MA | $106,380 | +15.3% | $51.14/hr |
| Compliance Officer in MA | $102,060 | +10.6% | $49.07/hr |
| Loan Officer in MA | $101,600 | +10.1% | $48.85/hr |
| Securities Sales Agent in MA | $100,310 | +8.7% | $48.23/hr |
| Tax Examiner in MA | $99,970 | +8.4% | $48.06/hr |
| Accountant in MA | $99,460 | +7.8% | $47.82/hr |
| Credit Analyst in MA | $97,080 | +5.2% | $46.67/hr |
Frequently Asked Questions
How much do budget analysts make in Massachusetts?
- The median salary for budget analysts in Massachusetts is $92,260 per year, or $44 per hour. This is 4.4% higher than the national average, making it an above-average paying state for this role.
What is the salary range for budget analysts in Massachusetts?
- Budget analysts in Massachusetts earn between $67,860 and $131,770 annually, depending on experience and qualifications. This wide range reflects differences in education level, years of experience, and employer size.
How many budget analysts work in Massachusetts?
- There are approximately 1,280 budget analysts currently employed in Massachusetts. This represents a stable job market for professionals in this field.
Is Massachusetts a good state for budget analyst salaries?
- Yes, Massachusetts offers competitive salaries for budget analysts with a median of $92,260 annually, which is 4.4% above the national average. The state's strong job market and median salary make it an attractive location for this career.