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Budget Analysts Salary in Illinois: Cost of Living Adjusted (2024)

What does a Budget Analysts salary really buy you in Illinois?

Illinois is near the US average cost of living

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$91,140
Median annual (2024)
-1.3%
Real Purchasing Power
$89,970
COL-adjusted (RPP=101.3)

Illinois Cost of Living Index

Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Budget Analysts earning $91,140 in Illinois has the equivalent purchasing power of $89,970 in an average-cost US state.

IL: 101.3
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Illinois's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $57,590 $56,850 $-739
25th Percentile (P25) $70,790 $69,881 $-908
Median (P50) $91,140 $89,970 $-1,169
75th Percentile (P75) $109,820 $108,410 $-1,409
90th Percentile (P90) $130,830 $129,151 $-1,678
Key Insight

Illinois's cost of living is close to the national average, so $91,140 keeps most of its value at $89,970 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Budget Analysts (After Cost of Living)

Where does Budget Analysts salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Alabama
$111,708
RPP 87.8
$109,439
RPP 91.0
$106,503
RPP 102.1
$98,319
RPP 93.4
$96,590
RPP 105.0
$94,506
RPP 102.3
7. Ohio
$94,491
RPP 91.5
8. Iowa
$94,128
RPP 88.4
9. Georgia
$93,747
RPP 95.8
10. Nebraska
$92,438
RPP 89.8

Illinois ranks #16 out of 50 states for Budget Analysts after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Budget Analysts in Illinois after cost of living?

A Budget Analysts in Illinois earns a median salary of $91,140 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $89,970 — a -1.3% difference.

Is Illinois expensive to live in?

Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Budget Analysts in Illinois: $91,140 x (100 / 101.3) = $89,970. This represents what the salary would be worth in a state with average living costs.

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