Budget Analyst Salary in Minnesota
Based on 450+ workers in Minnesota
Median Annual Salary (MN)
$85,970
$41.33/hr
vs National Average
$88,333
-2.7% vs national median
Salary Range (10th–90th)
$65K – $134K
450 employed in Minnesota
Budget Analyst salary in Minnesota averages $85,970 per year, slightly below the national median. Approximately 450 budget analysts work throughout the state, making it a modest employment sector. Salaries in Minnesota range from $65,160 to $134,040 annually, reflecting significant variation based on experience and employer type.
Several factors influence budget analyst compensation across Minnesota. Years of experience, industry sector, and employer size significantly impact earning potential. Government agencies, healthcare organizations, and large corporations typically offer different salary structures. Geographic location within the state, educational credentials, and specialized skills in financial analysis also play important roles in determining individual compensation levels.
Salary Distribution — Budget Analyst in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $65,160 |
| 25th percentile | $80,000 |
| Median (50th percentile) | $85,970 |
| 75th percentile | $107,310 |
| 90th percentile | $134,040 |
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 Minnesota 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 Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $81,710 |
| 2023 | $85,110 |
| 2024 | $81,900 |
| 2025 | $85,970 |
| 2026 (projected) | $90,242 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $81,710 | $79,026 |
| 2023 | $85,110 | $82,697 |
| 2024 | $81,900 | $85,577 |
| 2025 | $85,970 | $88,333 |
| 2026 (projected) | $90,242 | $92,723 |
Budget Analyst Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $80,000 |
| Mid-level | 3-5 yrs | $85,970 |
| Senior | 6-9 yrs | $107,310 |
| Staff / Lead | 10+ yrs | $134,040 |
Budget Analyst Salary in Other States
Related Budget Analyst Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Budget Analyst ($85,970 median).
| Occupation | Median Salary | vs Budget Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +90.1% | $78.56/hr |
| Actuary in MN | $128,100 | +49.0% | $61.59/hr |
| Economist in MN | $105,120 | +22.3% | $50.54/hr |
| Financial Examiner in MN | $104,260 | +21.3% | $50.13/hr |
| Financial Analyst in MN | $102,990 | +19.8% | $49.51/hr |
| Personal Financial Advisor in MN | $102,660 | +19.4% | $49.36/hr |
| Loan Officer in MN | $95,170 | +10.7% | $45.75/hr |
| Compliance Officer in MN | $85,920 | -0.1% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | -3.0% | $40.07/hr |
| Tax Examiner in MN | $83,280 | -3.1% | $40.04/hr |
| Credit Analyst in MN | $82,630 | -3.9% | $39.73/hr |
| Accountant in MN | $81,600 | -5.1% | $39.23/hr |
Frequently Asked Questions
How much do budget analysts make in Minnesota?
- The median salary for budget analysts in Minnesota is $85,970 per year, or $41 per hour. This is slightly below the national average, representing a 2.7% difference.
What is the salary range for budget analysts in Minnesota?
- Budget analysts in Minnesota earn between $65,160 and $134,040 annually, depending on experience, education, and employer. This wide range reflects differences in career progression and organizational size.
Is the budget analyst salary in Minnesota competitive compared to the national average?
- Minnesota's budget analyst median salary of $85,970 is slightly below the national average by 2.7%, making it a moderately competitive market for this profession in the state.
How many budget analysts are employed in Minnesota?
- There are approximately 450 budget analysts currently employed in Minnesota, indicating a moderately sized professional workforce in this field within the state.