Budget Analyst Salary in Anchorage, AK
How much does a budget analyst make in Anchorage? Explore median, entry-level, and senior salaries adjusted for Anchorage's cost of living.
Salary Breakdown by Experience Level
See how budget analyst salaries break down across different pay periods in Anchorage.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $56,628 | $92,870 | $126,847 |
| Monthly | $4,719 | $7,739 | $10,571 |
| Biweekly | $2,178 | $3,572 | $4,879 |
| Weekly | $1,089 | $1,786 | $2,439 |
| Hourly | $27 | $45 | $61 |
Anchorage vs National Average
How Anchorage's budget analyst salaries compare to national figures.
Cost of Living in Anchorage
About Budget Analyst
Overview
Develop budgets and monitor spending for organizations.
Education
Bachelor's degree in Accounting, Finance, or related field
Key Skills
Growth Rate
Expected job growth: +15% over the next decade
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Budget Analyst Salary in Anchorage, AK — Complete Guide
Median Salary Overview
The median salary for a budget analyst in Anchorage, AK is $92,870 per year, adjusted for the local cost of living index of 171. This figure reflects typical earnings for experienced professionals in this role, considering Anchorage's unique economic conditions.
Salary Range and Experience Levels
Entry-level budget analyst professionals in Anchorage can expect to earn around $56,628 annually. As professionals gain experience, salaries typically increase, with senior-level budget analysts earning approximately $126,847 per year. This represents a 124% increase from entry to senior level.
Cost of Living Adjustment
Anchorage's cost of living index of 171 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Anchorage are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $83,340, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a budget analyst's salary in Anchorage typically goes toward housing. With a 1-bedroom apartment averaging $2,450 per month, housing represents about 31.7% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Budget Analysts are in growing demand across the United States, with an expected job growth of 15% over the next decade. In Anchorage, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.