Budget Analyst Salary in Knoxville, TN
How much does a budget analyst make in Knoxville? Explore median, entry-level, and senior salaries adjusted for Knoxville's cost of living.
Salary Breakdown by Experience Level
See how budget analyst salaries break down across different pay periods in Knoxville.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $47,823 | $78,430 | $107,124 |
| Monthly | $3,985 | $6,536 | $8,927 |
| Biweekly | $1,839 | $3,017 | $4,120 |
| Weekly | $920 | $1,508 | $2,060 |
| Hourly | $23 | $38 | $52 |
Knoxville vs National Average
How Knoxville's budget analyst salaries compare to national figures.
Cost of Living in Knoxville
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 Knoxville, TN — Complete Guide
Median Salary Overview
The median salary for a budget analyst in Knoxville, TN is $78,430 per year, adjusted for the local cost of living index of 103. This figure reflects typical earnings for experienced professionals in this role, considering Knoxville's unique economic conditions.
Salary Range and Experience Levels
Entry-level budget analyst professionals in Knoxville can expect to earn around $47,823 annually. As professionals gain experience, salaries typically increase, with senior-level budget analysts earning approximately $107,124 per year. This represents a 124% increase from entry to senior level.
Cost of Living Adjustment
Knoxville's cost of living index of 103 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Knoxville 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 Knoxville typically goes toward housing. With a 1-bedroom apartment averaging $1,350 per month, housing represents about 20.7% 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 Knoxville, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.