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Budget Analyst Salary in Norman, OK

How much does a budget analyst make in Norman? Explore median, entry-level, and senior salaries adjusted for Norman's cost of living.

Median Salary
$77,940
per year in Norman
Entry Level
$47,524
Starting salary
Senior Level
$106,454
Experienced professionals
Cost of Living
90
10% below national avg

Salary Breakdown by Experience Level

See how budget analyst salaries break down across different pay periods in Norman.

PeriodEntry LevelMedianSenior
Annual$47,524$77,940$106,454
Monthly$3,960$6,495$8,871
Biweekly$1,828$2,998$4,094
Weekly$914$1,499$2,047
Hourly$23$37$51

Norman vs National Average

How Norman's budget analyst salaries compare to national figures.

Norman Salary
$77,940
COL Index: 90
National Average
$83,340
COL Index: 100
Difference
-$5,400
Lower in Norman

Cost of Living in Norman

1-Bedroom Rent
$950
per month
Median Income
$52,340
per year
Population
128,026
residents
Rent % of Income
21.8%
median household
Cost of Living Index: 90 — A score of 100 represents the U.S. average. Salaries in Norman have been adjusted to account for local cost differences.

About Budget Analyst

Overview

Develop budgets and monitor spending for organizations.

Education

Bachelor's degree in Accounting, Finance, or related field

Key Skills

Budget DevelopmentFinancial AnalysisExcelForecasting

Growth Rate

Expected job growth: +15% over the next decade

Compare Cities: Budget Analyst Salary

See Budget Analyst salaries in other top cities.

New York, NY
$97,740
+25%
Los Angeles, CA
$104,970
+35%
Chicago, IL
$87,120
+12%
Houston, TX
$84,140
+8%
Phoenix, AZ
$82,790
+6%

Financial Tools to Explore

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Budget Analyst Salary in Norman, OK — Complete Guide

Median Salary Overview

The median salary for a budget analyst in Norman, OK is $77,940 per year, adjusted for the local cost of living index of 90. This figure reflects typical earnings for experienced professionals in this role, considering Norman's unique economic conditions.

Salary Range and Experience Levels

Entry-level budget analyst professionals in Norman can expect to earn around $47,524 annually. As professionals gain experience, salaries typically increase, with senior-level budget analysts earning approximately $106,454 per year. This represents a 124% increase from entry to senior level.

Cost of Living Adjustment

Norman's cost of living index of 90 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Norman 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 Norman typically goes toward housing. With a 1-bedroom apartment averaging $950 per month, housing represents about 14.6% 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 Norman, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.