Budget Analyst salary in Madison, WI
Budget Analysts in the Madison, WI metro area earn a median of $86,340 a year ($41.51 an hour), based on BLS data for 280 workers.
Pay ranges from $73,920 for the lowest-paid 10% to $114,820 for the top 10%. That is 6% lower than the national median of $91,640. Pay here is 5% higher than the Wisconsin statewide median of $82,180. There are 0.69 budget analysts per 1,000 jobs here — the job is 2.3× more common than nationally. The average (mean) salary is $90,940, above the median because a few high earners pull it up.
Pay range for budget analysts in Madison, WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $73,920 | $35.54 |
| 25th percentile | $78,890 | $37.93 |
| Median | $86,340 | $41.51 |
| 75th percentile | $106,090 | $51.01 |
| 90th percentile (top earners) | $114,820 | $55.20 |
| Average (mean) | $90,940 | $43.72 |
Half of budget analysts earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,195 |
| Semi-monthly (24 a year) | $3,597.50 |
| Biweekly (26 a year) | $3,320.77 |
| Weekly | $1,660.38 |
| Hourly | $41.51 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Budget Analyst salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $84,450 | 360 |
| Milwaukee-Waukesha, WI | $82,130 | 200 |
| Green Bay, WI | $75,880 | 40 |
Highest-paying states for budget analysts
| State | Median salary |
|---|---|
| District of Columbia | $124,590 |
| Maryland | $106,020 |
| Virginia | $105,470 |
| California | $99,520 |
| Alabama | $99,490 |
| Colorado | $97,100 |
| Washington | $96,640 |
| Michigan | $96,430 |
| New Jersey | $96,250 |
| Connecticut | $95,440 |
See Budget Analyst pay in every state or the Wisconsin statewide figures.
Related jobs in Madison, WI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $81,130 | $39.01 |
| Financial and Investment Analysts | $103,750 | $49.88 |
| Loan Officer | $78,840 | $37.90 |
| Personal Financial Advisor | $126,000 | $60.58 |
| Insurance Underwriter | $95,130 | $45.74 |
| Financial Specialists, All Other | $76,400 | $36.73 |
| Credit Analyst | $69,130 | $33.24 |
| Financial Examiner | $88,920 | $42.75 |
| Tax Preparer | $45,810 | $22.02 |
| Financial Risk Specialist | $100,350 | $48.25 |
| Property Appraisers and Assessors | $78,610 | $37.79 |
| Credit Counselor | $57,260 | $27.53 |
| Project Management Specialist | $98,990 | $47.59 |
| Management Analyst | $97,170 | $46.72 |
More: Business and Financial Operations Occupations · all salaries in Madison, WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2031. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a budget analyst make in Madison, WI?
The median salary for budget analysts in the Madison, WI metro area is $86,340 a year, or $41.51 an hour. Pay ranges from $73,920 for the lowest-paid 10% to $114,820 for the top 10%.
How much do the highest-paid budget analysts make in Madison, WI?
The top 10% of budget analysts in the Madison, WI metro area earn at least $114,820 a year. The top 25% earn $106,090 or more.
What is the starting pay for budget analysts in Madison, WI?
Entry-level pay (the 10th percentile) is about $73,920 a year, and a quarter of budget analysts earn $78,890 or less.
How many budget analysts work in Madison, WI?
About 280 budget analysts are employed in the Madison, WI metro area, not counting the self-employed.