SOC 13-2031

Budget Analyst Salary in Indianapolis-Carmel-Greenwood, IN (2026)

Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Tax Tables: 2026 Fed + IN + Municipal
COL Index: 100.65 (+0.7% vs US)
Net Compensation Yield 71.2% Realized
$62,119 / net annual direct deposit
Gross Adjusted $87,280 $41.96/hr
Effective Tax Drag 22.83% Combined Jurisdictions
Marginal Top Bracket 22% Federal Statutory
Total Withheld -$19,924 $766.32/check
Category 1 of 6

Wage Benchmarking & After-Tax Paycheck Engine

Dynamic statutory tax calculations based on IRS Publication 15-T and state statutory schedules.

$
2,080 annual statutory base hours $41.96 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$5,237/yr)
0% Tax Shield: ~$1,152/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$9,220
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$5,411
Medicare Hospital Insurance
Statutory 1.45%
-$1,266
Indiana Individual Income Tax
State Marginal Bracket
-$2,391
Marion County income tax
2.02%
-$1,637
Net Take-Home Annual Realized
$62,119 ($2,389.19 / check)
Category 2 of 6

Indianapolis-Carmel-Greenwood, IN Budget Analyst Wage Distribution

Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders

Your Salary: $87,280
MIDDLE 50% (IQR RANGE) 10th $62.9k 25th $71.5k Median: $87,280 50th (Median) $87.3k 75th $99.7k 90th $112k You: $87,280
10th (Entry) $62,930 $30.25/hr
25th (Junior) $71,500 $34.38/hr
50th (Median) $87,280 $41.96/hr
75th (Senior) $99,740 $47.95/hr
90th (Lead/Master) $112,160 $53.92/hr
Career Progression & Licensing Milestones for Budget Analyst in Indianapolis-Carmel-Greenwood, IN
1
Junior Budget AnalystFund accounting, budget variance tracking, financial reporting spreadsheets
$53,336$25.64/hr · 0-2 Years
2
Budget AnalystDepartmental appropriation requests, fiscal impact statements, revenue forecasting
$80,003$38.46/hr · 2-5 Years
3
Senior Budget AnalystLegislative/board budget defense, capital expenditure planning, fiscal policy analysis
$104,766$50.37/hr · 5-8 Years
4
Budget DirectorEnterprise / municipal budget formulation, fiscal policy governance
$135,244$65.02/hr · 8+ Years
Scaled to the Indianapolis-Carmel-Greenwood, IN medianView National Budget Analyst Salary Data
Adjacent Career Pivots & National Pay Differences
Credit Analysts-$8,130/yr
National median: $83,510
Skill overlap: 95%
Accountants and Auditors-$7,960/yr
National median: $83,680
Skill overlap: 93%View Salary
Financial Managers+$74,930/yr
National median: $166,570
Skill overlap: 90%View Salary
Personal Financial Advisors+$13,430/yr
National median: $105,070
Skill overlap: 87%
Category 3 of 6

HUD Fair Market Rent & EPI Living Wage Affordability Index

Evaluating housing affordability vs. net take-home pay in Indianapolis-Carmel-Greenwood, IN under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
26% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $1,336/month Requires minimum annual gross of $53,440
HUD Fair Market Rent (2-Bedroom) $1,536/month Requires minimum annual gross of $61,440
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $22.26/hr
Per adult, 2 working adults + 1 child: $21.10/hr
Category 4 of 6

Hourly Wage to Annual & Overtime Matrix

Translating base hourly pay and 1.5× overtime into net take-home pay based on 2,080 annual work hours in Indianapolis-Carmel-Greenwood, IN.

Swipe horizontally to inspect full pay schedule
Schedule Total Hours/Wk Gross Annual Est. Taxes Net Take-Home Bi-Weekly Check
Standard (40 hrs)40 hrs$87,280-$19,924$62,119$2,389.19
+5h Overtime/Wk45 hrs$103,645-$25,325$72,101$2,773.13
+10h Overtime/Wk50 hrs$120,010-$30,726$82,084$3,157.06
+15h Overtime/Wk55 hrs$136,375-$36,254$91,938$3,536.08
+20h Overtime/Wk60 hrs$152,740-$41,963$101,613$3,908.19
Category 5 of 6

Interstate MSA Relocation & State Tax Migration Comparator

Calculate required compensation, cost-of-living differences, and annual state/local tax savings between two metropolitan areas.

Equivalent Salary in Austin, TX $83,505 Cost of Living Ratio: 69.6%
Annual State & Local Tax Delta +$8,331/yr Tax savings in Austin-Round Rock-San Marcos, TX
Annual Rent Difference (1BR) -$17,676/yr Based on HUD Fair Market Rents
Net Discretionary Cash Flow Impact

Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.

+$26,007/year
Category 6 of 6 · Executive Economic Briefing
2026 Fiscal Intelligence

Budget Analyst in Indianapolis-Carmel-Greenwood, IN: Compensation & Purchasing Power Briefing (2026)

Estimates compiled from BLS OEWS wages, IRS 2026 withholding rules, HUD Fair Market Rents, and Indiana tax codes.

Market Baseline
$87,280/yr
$41.96/hr · SOC 13-2031
Statutory Tax Drag
22.83% Effective
-$19,924 in Total Taxes
HUD 1BR Shelter Ratio
26% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$3,841/mo
Post-$1,336/mo 1BR Rent

Key Economic & Compensation Takeaways

Statutory Withholding Architecture

Frequently Asked Questions

Verified Government Data Sources & Statutory Attribution

Wages sourced from US Bureau of Labor Statistics (BLS OEWS). Rents calibrated to HUD Fair Market Rents. Tax schedules calibrated to IRS IRC Title 26, IRS Pub 15-T, and state statutory revenue codes.

BLS OEWS May 2025 HUD FY2027 FMR IRS 15-T
Metro Pay Comparison SOC 13-2031
2026 Statutory Thresholds
  • Federal Standard Deduction (Single) $16,100
  • FICA OASDI Wage Base Cap $184,500
  • Pre-Tax 401(k) Elective Deferral $24,500
  • HSA Individual Annual Limit $4,400

Budget Analyst in Indianapolis-Carmel-Greenwood, IN: Market Snapshot

Budget Analyst roles in Indianapolis-Carmel-Greenwood, IN report a median annual wage of $87,280, 4.8% below the national median of $91,640. The 10th to 90th percentile band runs from $62,930 to $112,160, and HUD’s $1,336 monthly one-bedroom fair market rent equals 18.4% of that median gross pay. The single-adult living wage benchmark for the area is $22.26 per hour.

Highest-paying metropolitan areas for Budget Analyst

Metropolitan areaMedian annual wageVs this market
Iowa City, IA$134,850+54.5%
San Jose-Sunnyvale-Santa Clara, CA$131,730+50.9%
Ann Arbor, MI$127,860+46.5%
Washington-Arlington-Alexandria, DC-VA-MD-WV$125,050+43.3%
San Francisco-Oakland-Fremont, CA$117,360+34.5%
Huntsville, AL$113,400+29.9%
Santa Maria-Santa Barbara, CA$110,470+26.6%
San Diego-Chula Vista-Carlsbad, CA$107,010+22.6%
Gainesville, GA$106,610+22.1%
Lexington Park, MD$106,280+21.8%

Top-paying occupations benchmarked in Indianapolis-Carmel-Greenwood, IN

OccupationMedian annual wageMedian hourly
Chief Executives$256,320$123.23/hr
Architectural and Engineering Managers$159,640$76.75/hr
Computer and Information Systems Managers$155,230$74.63/hr
Financial Manager$146,620$70.49/hr
Marketing Managers$137,980$66.34/hr
Sales Managers$137,410$66.06/hr
Data Engineer$136,990$65.86/hr
Human Resources Managers$135,770$65.27/hr
Purchasing Managers$135,240$65.02/hr
Physician Assistant$131,950$63.44/hr

Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 174 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .

Regional Labor Market & Career Mobility Network

Explore adjacent occupations and neighboring metropolitan wage benchmarks for peer compensation analysis.

Budget Analyst Salary in Indianapolis-Carmel-Greenwood, IN (2026) Overview

Budget Analyst median pay in Indianapolis-Carmel-Greenwood, IN is $87,280 a year ($41.96/hr). See take-home pay after 2026 taxes, BLS wage percentiles, HUD. Official 2026 economic data for Budget Analyst in Indianapolis-Carmel-Greenwood, IN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
What is the median salary for a Budget Analyst in Indianapolis-Carmel-Greenwood, IN?

The median annual wage is $87,280 ($41.96 per hour). The middle 80% of earners make between $62,930 and $112,160. Source: BLS OEWS (May 2025).

What is the take-home pay for a Budget Analyst in Indianapolis-Carmel-Greenwood, IN after taxes?

On the median wage of $87,280, a single filer with no pre-tax deductions takes home about $65,943 a year ($5,495 a month) after $21,337 in federal, FICA, state and local taxes, an effective rate of 24.45%, using 2026 tax rules.