Budget Analysts Salary
In Richmond, VA, budget analysts earn $92,550 at the median, or about $44.49 an hour. The range runs from $65K at the entry level to $132K for experienced workers. Adjusted for local prices (RPP 97.86), that's roughly $94,574 in purchasing power. Rent on a 2-bedroom averages $1,655/month, or 28.3% of estimated take-home pay.
So what does $93K get you in Richmond?
Groceries, utilities, transportation, and healthcare scaled from national averages by Richmond’s Regional Price Parity (97.86). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About budget analysts
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What this looks like in Richmond
Budget analysts pay in Richmond tracks closely to the national median, $93K locally vs. $92K nationwide, a 1% difference. Rent runs $1,655/month for a 2-bedroom (HUD FMR), taking 28.9% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 97.86) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for budget analysts in metros near Richmond, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Virginia Beach-Chesapeake-Norfolk | $90K | $92K |
| Charlottesville | $86K | $87K |
| Roanoke | $77K | $82K |
| Washington-Arlington-Alexandria | $125K | $115K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level budget analysts (10th percentile) start around $65K. Mid-career wages sit at $93K. Top earners bring in $132K or more, a $68K spread from bottom to top.
Budget Analysts pay across states
Median income ranked highest to lowest, compared to the national figure
View Budget Analysts salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $125K | +36% | 1,490 |
| Maryland | $106K | +16% | 2,490 |
| Virginia | $105K | +15% | 2,730 |
| California | $100K | +9% | 4,160 |
| Alabama | $99K | +9% | 870 |
| Colorado | $97K | +6% | 1,290 |
| Washington | $97K | +5% | 1,510 |
| Michigan | $96K | +5% | 1,020 |
| New Jersey | $96K | +5% | 840 |
| Connecticut | $95K | +4% | 970 |
| Oregon | $95K | +4% | 1,090 |
| Illinois | $95K | +4% | 750 |
| Alaska | $95K | +3% | 220 |
| Vermont | $93K | +2% | 90 |
| Rhode Island | $93K | +1% | 90 |
| New Hampshire | $93K | +1% | 80 |
| Hawaii | $92K | +1% | 210 |
| Massachusetts | $92K | +1% | 1,280 |
| Georgia | $92K | +0% | 1,900 |
| Ohio | $90K | -2% | 800 |
| Utah | $89K | -3% | 280 |
| New York | $89K | -3% | 2,760 |
| Maine | $88K | -4% | 200 |
| New Mexico | $87K | -5% | 740 |
| Tennessee | $87K | -6% | 1,140 |
| Iowa | $87K | -6% | 390 |
| South Carolina | $86K | -6% | 470 |
| Minnesota | $86K | -6% | 450 |
| Arizona | $85K | -7% | 730 |
| Pennsylvania | $84K | -8% | 1,490 |
| Florida | $84K | -8% | 3,150 |
| Idaho | $83K | -9% | 190 |
| Nebraska | $83K | -9% | 200 |
| Texas | $83K | -9% | 3,340 |
| North Carolina | $82K | -10% | 1,830 |
| Wisconsin | $82K | -10% | 820 |
| Indiana | $82K | -10% | 390 |
| Delaware | $82K | -11% | 260 |
| Missouri | $82K | -11% | 520 |
| Nevada | $82K | -11% | 440 |
| Wyoming | $81K | -12% | 80 |
| Oklahoma | $81K | -12% | 670 |
| Louisiana | $81K | -12% | 330 |
| Kansas | $80K | -13% | 270 |
| Montana | $80K | -13% | 360 |
| South Dakota | $79K | -14% | 120 |
| West Virginia | $79K | -14% | 180 |
| Mississippi | $79K | -14% | 390 |
| North Dakota | $77K | -16% | 150 |
| Kentucky | $77K | -16% | 630 |
| Arkansas | $72K | -22% | 320 |
Showing 1–10 of 51 (all 50 states + DC)
Track budget analysts salary changes
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Frequently asked questions
Can a budget analyst afford a 2BR apartment alone in Richmond?
Yes — at the median salary of $93K, rent takes 28.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,655/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for budget analysts in Richmond?
The 10th-percentile wage — what new budget analysts typically earn — is $65K/year. Take-home on that works out to about $3,887/month. At HUD’s $1,655/month FMR, rent would take 43% 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 Richmond?
Pay here is roughly in line with the national average — $93K locally vs. $92K nationally, a 1% difference.
How does Richmond compare to the national average for budget analysts?
Richmond pays $93K median vs. the U.S. average of $92K — that’s +1%. After adjusting for local cost of living (RPP 97.86), the purchasing-power equivalent is $95K — still ahead of the national median.
How much do budget analysts make in Richmond, VA?
The median is $92,550 a year, that works out to about $44 an hour. But the range is wide: entry-level workers start around $64,780, and experienced budget analysts can clear $132,370. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $93K enough to live in Richmond?
On that salary, you'd take home roughly $5,724/month after taxes. A 2-bedroom here rents for about $1,655/month, which eats 28.9% 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 Richmond?
Richmond has a Regional Price Parity of 97.86 (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 $94,574 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.