Budget Analyst salary in New Mexico
Budget Analysts in New Mexico earn a median of $87,360 a year ($42.00 an hour), based on BLS data for 740 workers.
Pay ranges from $58,360 for the lowest-paid 10% to $129,470 for the top 10%. That is 5% lower than the national median of $91,640. New Mexico ranks 24th of 51 states for budget analysts pay. There are 0.85 budget analysts per 1,000 jobs here — the job is 2.8× more common than nationally. The average (mean) salary is $91,530, above the median because a few high earners pull it up.
Pay range for budget analysts in New Mexico
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,360 | $28.06 |
| 25th percentile | $69,390 | $33.36 |
| Median | $87,360 | $42.00 |
| 75th percentile | $106,520 | $51.21 |
| 90th percentile (top earners) | $129,470 | $62.25 |
| Average (mean) | $91,530 | $44.01 |
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 | $7,280 |
| Semi-monthly (24 a year) | $3,640 |
| Biweekly (26 a year) | $3,360 |
| Weekly | $1,680 |
| Hourly | $42.00 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Budget Analyst salary in cities in New Mexico
| Metro area | Median salary | Workers |
|---|---|---|
| Albuquerque, NM | $97,780 | 410 |
| Las Cruces, NM | $76,360 | 50 |
| Santa Fe, NM | $74,730 | 50 |
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 |
Related jobs in New Mexico
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,580 | $37.78 |
| Loan Officer | $62,610 | $30.10 |
| Financial and Investment Analysts | $87,630 | $42.13 |
| Financial Specialists, All Other | $80,610 | $38.76 |
| Personal Financial Advisor | $94,270 | $45.32 |
| Property Appraisers and Assessors | $50,550 | $24.30 |
| Tax Preparer | $38,060 | $18.30 |
| Financial Examiner | $67,950 | $32.67 |
| Credit Counselor | $50,390 | $24.23 |
| Tax Examiners and Collectors, and Revenue Agents | $56,260 | $27.05 |
| Financial Risk Specialist | $87,260 | $41.95 |
| Insurance Underwriter | $64,000 | $30.77 |
| Credit Analyst | $72,160 | $34.69 |
| Business Operations Specialists, All Other | $79,100 | $38.03 |
More: Business and Financial Operations Occupations · all salaries in New Mexico
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 New Mexico?
The median salary for budget analysts in New Mexico is $87,360 a year, or $42.00 an hour. Pay ranges from $58,360 for the lowest-paid 10% to $129,470 for the top 10%.
How much do the highest-paid budget analysts make in New Mexico?
The top 10% of budget analysts in New Mexico earn at least $129,470 a year. The top 25% earn $106,520 or more.
What is the starting pay for budget analysts in New Mexico?
Entry-level pay (the 10th percentile) is about $58,360 a year, and a quarter of budget analysts earn $69,390 or less.
How many budget analysts work in New Mexico?
About 740 budget analysts are employed in New Mexico, not counting the self-employed.