Budget Analysts Salary
In New Mexico, budget analysts earn $87,360 at the median, or about $42 an hour. The range runs from $58K at the entry level to $129K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $93,875 in buying power. Rent on a 2-bedroom averages $1,119/month, or 20.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $87K get you in New Mexico?
About budget analysts
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What this looks like in New Mexico
Budget analysts pay in New Mexico tracks closely to the national median, $87K locally vs. $92K nationwide, a 5% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 20.2% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level budget analysts (10th percentile) start around $58K. Mid-career wages sit at $87K. Top earners bring in $129K or more, a $71K spread from bottom to top.
Budget Analysts salary by metro in New Mexico
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Albuquerque | $98K | +12% | 410 |
| Las Cruces | $76K | -13% | 50 |
| Santa Fe | $75K | -14% | 50 |
Compare to other states
Track budget analysts salary changes
BLS updates this data quarterly. We'll email you when New Mexico numbers change.
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Frequently asked questions
Can a budget analyst afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $87K, rent takes 20.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for budget analysts in New Mexico?
The 10th-percentile wage — what new budget analysts typically earn — is $58K/year. Take-home on that works out to about $3,502/month. At HUD’s $1,119/month FMR, rent would take 32% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is budget analyst a high-paying job in New Mexico?
Pay here is roughly in line with the national average — $87K locally vs. $92K nationally, a 5% difference.
How does New Mexico compare to the national average for budget analysts?
New Mexico pays $87K median vs. the U.S. average of $92K — that’s -5%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $94K — still ahead of the national median.
How much do budget analysts make in New Mexico?
The median is $87,360 a year, that works out to about $42 an hour. But the range is wide: entry-level workers start around $58,360, and experienced budget analysts can clear $129,470. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $87K enough to live in New Mexico?
On that salary, you'd take home roughly $5,547/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 20.2% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a budget analysts salary go in New Mexico?
New Mexico has a Regional Price Parity of 93.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median budget analysts salary is worth about $93,875 in national-average purchasing power.
Where do budget analysts get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.