Budget Analyst Salary in Baltimore, MD — 2026
Budget Analyst salary data for Baltimore, MD — adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.
The median Budget Analyst salary in Baltimore, MD is $88,560 per year ($7,380/month, $43/hr). This reflects the local cost of living index of 108, which is 8% above the national average.
Budget Analyst Take-Home Pay in Baltimore
Tax Breakdown (Median Salary)
| Gross Annual | $88,560 |
| Federal Tax | -$10,653 |
| State Tax (4.5%) | -$3,985 |
| Local Tax (3.2%) | -$2,834 |
| FICA (SS + Medicare) | -$6,775 |
| Annual Take-Home | $64,313 |
| Monthly Take-Home | $5,359 |
Living Cost Comparison
Budget Analyst Requirements
Key Skills
Budget Analyst salary search terms in Baltimore
People comparing Budget Analyst pay in Baltimore, MD may use related job-title wording. Salario keeps the main estimate tied to the Budget Analyst role, then treats the terms below as comparison phrases that should be checked for licensing, employer type, seniority, and role scope.
| Comparison point | How to use it |
|---|---|
| Primary local answer | $88,560 median salary, $62,640-$116,640 modeled range, and $64,313 estimated take-home pay in Baltimore. |
| Title variants | budget analyst pay, government budget analyst, finance budget analyst, cost analyst comparison can point to similar searches, but some variants may represent a narrower specialty or a higher/lower seniority band. |
| Offer comparison | Compare base salary, hourly equivalent, take-home pay, certifications, local cost of living, and whether the job is employee, contractor, public-sector, commission-heavy, or management-level. |
Baltimore Job Market Overview
Baltimore, Maryland has a population of 585,708 and an unemployment rate of 4.5%. The top industries are Healthcare, Education, Technology. The local job growth rate is 1.0%, and the average commute time is 30 minutes.
Related Finance Salaries in Baltimore
Salary Percentile Breakdown — Budget Analyst in Baltimore
Based on the cost-of-living-adjusted distribution for Budget Analyst in Baltimore, MD, here's how earnings break down across the workforce:
| Percentile | Annual Salary | Hourly Equivalent | Career Stage |
|---|---|---|---|
| 10th (lowest) | $62,640 | $30/hr | Entry-level, < 1 yr exp. |
| 25th | $75,600 | $36/hr | Junior, 1-3 yrs exp. |
| 50th (median) | $88,560 | $43/hr | Mid-career, 2-4 years |
| 75th | $116,640 | $56/hr | Senior, 5-10 yrs exp. |
| 90th (top) | $138,240 | $66/hr | Lead/Principal, 10+ yrs |
Percentiles estimated using a log-normal salary distribution model calibrated to Budget Analyst compensation data. Top earners (P90) typically include managers, specialists with rare skills, or those at high-paying employers in Baltimore's Healthcare sector.
5-Year Salary Trajectory
Budget Analyst salaries in Baltimore have grown approximately 10.0% over the past 5 years, outpacing local CPI inflation in many cases. Here's the historical and projected trajectory:
Year-over-year, an average Budget Analyst can expect a 10.9% annual increase moving from entry to senior level over 6 years in Baltimore. Negotiation, certifications (CGFM Certification), and changing employers strategically can accelerate this trajectory.
Baltimore vs National Average
The national median Budget Analyst salary is $82,000. In Baltimore, the cost-of-living-adjusted median of $88,560 is 8.0% above the national figure. This reflects Baltimore's cost of living index of 108 (higher than the national average of 100).
For Budget Analysts, this means: rent typically consumes 24.3% of take-home pay (households spending >30% are considered affordable), and a median home in Baltimore costs about 3.3× annual take-home. Homeownership is relatively attainable on this salary in Baltimore.
Industry Context: Healthcare in Baltimore
Baltimore's economy is anchored by Healthcare, Education, Technology, with 585,708 residents and 4.5% unemployment as of 2026. Budget Analysts working in the Healthcare sector typically earn at or above the local median due to industry-specific demand. The state's overall job growth rate is 1.0%, and Budget Analyst occupations specifically are projected to grow 3.0% nationally through 2034 (BLS Occupational Outlook Handbook).
Methodology & Data Sources
How we calculate Budget Analyst salaries in Baltimore, MD:
- Base salary model starts with Salario occupation data and public wage references, including BLS OEWS and O*NET when a direct or related occupational crosswalk is available. For niche titles, we do not treat a broader SOC family as an exact job-title wage.
- Cost-of-living adjustment applied using the Baltimore index of 108 relative to the national baseline of 100, with local rent, home price, unemployment, and tax inputs checked separately.
- Percentile distribution (P10-P90) estimated from the entry, median, senior, and top compensation tiers in the Salario salary model rather than claimed as exact employer payroll data.
- Take-home pay calculated using 2026 federal tax brackets (10%-37%), MD state income tax of 4.5%, Baltimore local tax of 3.2%, and FICA (Social Security 6.2% + Medicare 1.45%).
- Tax brackets and standard deduction ($16,100 single filer for tax year 2026) sourced from IRS Revenue Procedure 2025-32 and updated annually.
Authoritative data sources:
- BLS Occupational Employment and Wage Statistics — national and metro-area salary data
- O*NET OnLine — occupation tasks, alternate job titles, skills, and SOC crosswalks
- BLS Occupational Outlook Handbook — occupation outlook where a matching profile is available
- BLS Consumer Price Index (CPI-U) — regional inflation and cost-of-living data
- U.S. Census Bureau — Baltimore QuickFacts — population and demographic data
- IRS Revenue Procedure 2025-32 summary — 2026 federal tax brackets and standard deductions
- BLS Local Area Unemployment Statistics — Baltimore unemployment rate
Last reviewed: 2026. Salary data updated annually as new BLS releases become available. Budget Analyst salaries can vary significantly based on employer, sector (Healthcare vs others in Baltimore), specific skill set (Budget Planning, Excel, Financial Modeling), and individual negotiation. Always verify current compensation through multiple sources before making career decisions.
Frequently Asked Questions
What is the average Budget Analyst salary in Baltimore, MD?
How much does a Budget Analyst take home in Baltimore after taxes?
Is Baltimore a good city for Budget Analysts?
What skills are needed for a Budget Analyst in Baltimore?
How does Budget Analyst salary in Baltimore compare to the national average?
What job titles are similar to Budget Analyst in Baltimore?
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Frequently Asked Questions
What is the average Budget Analyst salary in Baltimore, MD?
The median Budget Analyst salary in Baltimore, MD is $88,560 per year as of 2026. This is adjusted for the local cost of living index of 108. Entry-level Budget Analysts earn around $62,640, while senior-level professionals can earn $116,640 or more.
How much does a Budget Analyst take home in Baltimore after taxes?
A Budget Analyst earning the median salary of $88,560 in Baltimore, MD takes home approximately $64,313 per year ($5,359/month) after federal, state, and local taxes. The effective tax rate is 27.4%.
Is Baltimore a good city for Budget Analysts?
Baltimore, MD has a cost of living index of 108 (above national average). Budget Analysts here earn above the city median. The local unemployment rate is 4.5% and top industries include Healthcare, Education, Technology.
What skills are needed for a Budget Analyst in Baltimore?
Key skills for Budget Analysts include Budget Planning, Excel, Financial Modeling, Government Finance, Cost Analysis. Typical education requirement is Bachelor's Degree. Valuable certifications include CGFM Certification.
How does Budget Analyst salary in Baltimore compare to the national average?
The national median Budget Analyst salary is $82,000. In Baltimore, the adjusted salary is $88,560, which is 8.0% higher than the national average, reflecting the local cost of living.
What job titles are similar to Budget Analyst in Baltimore?
Related search terms for Budget Analyst in Baltimore, MD include budget analyst pay, government budget analyst, finance budget analyst, cost analyst comparison. Use them as comparison terms, not always exact matches: licensing, employer type, seniority, public-sector rules, and whether the role is W-2, contractor, clinical, technical, management, or sales-focused can change the salary range.