SOC 13-2031

Budget Analyst Salary in Minneapolis-St. Paul-Bloomington, MN-WI

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 + MN
COL Index: 115.75 (+15.8% vs US)
Net Compensation Yield 71.5% Realized
$60,414 / net annual direct deposit
Gross Adjusted $84,450 $40.60/hr
Effective Tax Drag 22.46% Combined Jurisdictions
Marginal Top Bracket 22% Federal Statutory
Total Withheld -$18,969 $729.59/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 $40.60 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$5,067/yr)
0% Tax Shield: ~$1,115/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$8,634
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$5,236
Medicare Hospital Insurance
Statutory 1.45%
-$1,225
Minnesota Individual Income Tax
State Marginal Bracket
-$3,875
Net Take-Home Annual Realized
$60,414 ($2,323.60 / check)
Category 2 of 6

Minneapolis-St. Paul-Bloomington, MN-WI Budget Analyst Wage Distribution

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

Your Salary: $84,450
MIDDLE 50% (IQR RANGE) 10th $65.2k 25th $80.0k Median: $84,450 50th (Median) $84.5k 75th $110k 90th $136k You: $84,450
10th (Entry) $65,160 $31.33/hr
25th (Junior) $80,000 $38.46/hr
50th (Median) $84,450 $40.60/hr
75th (Senior) $109,950 $52.86/hr
90th (Lead/Master) $136,190 $65.48/hr
Career Progression & Licensing Milestones for Budget Analyst in Minneapolis-St. Paul-Bloomington, MN-WI
1
Junior Budget AnalystFund accounting, budget variance tracking, financial reporting spreadsheets
$51,606$24.81/hr · 0-2 Years
2
Budget AnalystDepartmental appropriation requests, fiscal impact statements, revenue forecasting
$77,409$37.22/hr · 2-5 Years
3
Senior Budget AnalystLegislative/board budget defense, capital expenditure planning, fiscal policy analysis
$101,369$48.74/hr · 5-8 Years
4
Budget DirectorEnterprise / municipal budget formulation, fiscal policy governance
$130,859$62.91/hr · 8+ Years
Scaled to the Minneapolis-St. Paul-Bloomington, MN-WI 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 Minneapolis-St. Paul-Bloomington, MN-WI under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
28% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $1,427/month Requires minimum annual gross of $57,080
HUD Fair Market Rent (2-Bedroom) $1,734/month Requires minimum annual gross of $69,360
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $25.60/hr
Per adult, 2 working adults + 1 child: $25.27/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 Minneapolis-St. Paul-Bloomington, MN-WI.

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$84,450-$18,969$60,414$2,323.60
+5h Overtime/Wk45 hrs$100,284-$24,467$69,800$2,684.61
+10h Overtime/Wk50 hrs$116,119-$29,965$79,186$3,045.63
+15h Overtime/Wk55 hrs$131,953-$35,508$88,528$3,404.92
+20h Overtime/Wk60 hrs$147,788-$41,453$97,467$3,748.75
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 Minneapolis-St. Paul-Bloomington, MN-WI: Compensation & Purchasing Power Briefing (2026)

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

Market Baseline
$84,450/yr
$40.60/hr · SOC 13-2031
Statutory Tax Drag
22.46% Effective
-$18,969 in Total Taxes
HUD 1BR Shelter Ratio
28% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$3,607/mo
Post-$1,427/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 Minneapolis-St. Paul-Bloomington, MN-WI: Market Snapshot

Budget Analyst roles in Minneapolis-St. Paul-Bloomington, MN-WI report a median annual wage of $84,450, 7.8% below the national median of $91,640. The 10th to 90th percentile band runs from $65,160 to $136,190, and HUD’s $1,427 monthly one-bedroom fair market rent equals 20.3% of that median gross pay. The single-adult living wage benchmark for the area is $25.60 per hour.

Highest-paying metropolitan areas for Budget Analyst

Metropolitan areaMedian annual wageVs this market
Iowa City, IA$134,850+59.7%
San Jose-Sunnyvale-Santa Clara, CA$131,730+56.0%
Ann Arbor, MI$127,860+51.4%
Washington-Arlington-Alexandria, DC-VA-MD-WV$125,050+48.1%
San Francisco-Oakland-Fremont, CA$117,360+39.0%
Huntsville, AL$113,400+34.3%
Santa Maria-Santa Barbara, CA$110,470+30.8%
San Diego-Chula Vista-Carlsbad, CA$107,010+26.7%
Gainesville, GA$106,610+26.2%
Lexington Park, MD$106,280+25.8%

Top-paying occupations benchmarked in Minneapolis-St. Paul-Bloomington, MN-WI

OccupationMedian annual wageMedian hourly
Chief Executives$209,980$100.95/hr
Computer and Information Systems Managers$178,080$85.62/hr
Architectural and Engineering Managers$174,510$83.90/hr
Marketing Managers$173,040$83.19/hr
Financial Manager$165,620$79.62/hr
Compensation and Benefits Managers$163,390$78.55/hr
Human Resources Managers$159,390$76.63/hr
Sales Managers$158,100$76.01/hr
Purchasing Managers$149,990$72.11/hr
Physician Assistant$145,030$69.73/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 Minneapolis-St. Paul-Bloomington, MN-WI Overview

Budget Analyst median pay in Minneapolis-St. Paul-Bloomington, MN-WI is $84,450 a year ($40.60/hr). See take-home pay after 2026 taxes, BLS wage percentiles. Official 2026 economic data for Budget Analyst in Minneapolis-St. Paul-Bloomington, MN-WI 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 Minneapolis-St. Paul-Bloomington, MN-WI?

The median annual wage is $84,450 ($40.60 per hour). The middle 80% of earners make between $65,160 and $136,190. Source: BLS OEWS (May 2025).

What is the take-home pay for a Budget Analyst in Minneapolis-St. Paul-Bloomington, MN-WI after taxes?

On the median wage of $84,450, a single filer with no pre-tax deductions takes home about $64,021 a year ($5,335 a month) after $20,429 in federal, FICA, state and local taxes, an effective rate of 24.19%, using 2026 tax rules.