Budget Analyst Salary in Michigan
Based on 1K+ workers in Michigan
Median Annual Salary (MI)
$96,430
$46.36/hr
vs National Average
$88,333
+9.2% vs national median
Salary Range (10th–90th)
$65K – $142K
1K employed in Michigan
Budget Analyst salary in Michigan averages $96,430 per year, positioning the state 9% above the national average. With approximately 1,020 professionals employed in this role across Michigan, budget analysts enjoy competitive compensation. The salary range spans from $65,390 to $142,380 annually, reflecting the diversity of positions and experience levels within the field.
Several factors influence Budget Analyst salary in Michigan, including years of experience, education level, and employer type. Government agencies, healthcare systems, and large corporations typically offer higher compensation packages than smaller organizations. Geographic location within Michigan, industry-specific demands, and individual performance also play significant roles in determining earning potential for budget analysts in the state.
Salary Distribution — Budget Analyst in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $65,390 |
| 25th percentile | $79,190 |
| Median (50th percentile) | $96,430 |
| 75th percentile | $134,900 |
| 90th percentile | $142,380 |
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 Michigan 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 Michigan vs National
| Year | Median Salary (Michigan) |
|---|---|
| 2022 | $81,060 |
| 2023 | $88,730 |
| 2024 | $91,830 |
| 2025 | $96,430 |
| 2026 (projected) | $101,260 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Michigan Median | National Median |
|---|---|---|
| 2022 | $81,060 | $79,026 |
| 2023 | $88,730 | $82,697 |
| 2024 | $91,830 | $85,577 |
| 2025 | $96,430 | $88,333 |
| 2026 (projected) | $101,260 | $92,758 |
Budget Analyst Salary by Experience Level in Michigan
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $79,190 |
| Mid-level | 3-5 yrs | $96,430 |
| Senior | 6-9 yrs | $134,900 |
| Staff / Lead | 10+ yrs | $142,380 |
Budget Analyst Salary in Other States
Related Budget Analyst Salaries in Michigan
How other high-demand occupations in Michigan compare to Budget Analyst ($96,430 median).
| Occupation | Median Salary | vs Budget Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MI | $139,370 | +44.5% | $67.00/hr |
| Economist in MI | $106,350 | +10.3% | $51.13/hr |
| Actuary in MI | $100,640 | +4.4% | $48.38/hr |
| Financial Analyst in MI | $95,420 | -1.0% | $45.88/hr |
| Accountant in MI | $78,820 | -18.3% | $37.89/hr |
| Personal Financial Advisor in MI | $77,930 | -19.2% | $37.47/hr |
| Compliance Officer in MI | $77,390 | -19.7% | $37.21/hr |
| Tax Examiner in MI | $75,040 | -22.2% | $36.08/hr |
| Credit Analyst in MI | $74,640 | -22.6% | $35.88/hr |
| Loan Officer in MI | $74,470 | -22.8% | $35.80/hr |
| Securities Sales Agent in MI | $73,480 | -23.8% | $35.33/hr |
| Financial Examiner in MI | $71,050 | -26.3% | $34.16/hr |
Frequently Asked Questions
How much do budget analysts make in Michigan?
- The median salary for a budget analyst in Michigan is $96,430 per year, or $46 per hour. This is 9.2% higher than the national average, making Michigan a relatively well-paying state for this profession.
What is the salary range for budget analysts in Michigan?
- Budget analysts in Michigan earn between $65,390 and $142,380 per year depending on experience, education, and employer. This wide range reflects differences in career level and specialization within the field.
Is Michigan a good state for budget analyst jobs?
- Yes, Michigan offers competitive compensation for budget analysts, with salaries 9.2% above the national average. The state currently employs 1,020 budget analysts, providing solid job availability in this field.
What do entry-level budget analysts earn in Michigan?
- Entry-level budget analysts in Michigan can expect to earn around $65,390 annually at the lower end of the salary spectrum. As you gain experience, salaries can increase significantly to the upper range of $142,380.