The job outlook for budget analysts is already quite good and the employment growth for their field is expected to be higher than average during the next several years. Those working for private companies generally earn more though about 44% of all individuals with a budget analyst career work in federal, state and local governments. Budget analysts also work in non-profit organizations. San Jose, Arlington, Alexandria, San Francisco, Huntsville, Los Angeles, Miami, Washington DC McLean and Fairfax are the cities that pay high salaries to budget analysts. A budget analyst career involves closely examining budgets to look for cost-saving measures. The average annual salary of a budget analyst is $61,000.