SalaryNode

Average All Occupations Salary in Minot, ND

In Minot, North Dakota, the average annual salary for All Occupations stands at $58,150. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demand play a significant role in compensation levels. While the cost of living is aligned with the national average, the lower salary indicates a potentially different economic landscape compared to higher-paying regions.

Executive Summary

  • Average Salary: $58,150 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $96,130.
  • Outlook: Minot, ND supports a substantial workforce of 33,530 individuals across all occupations. With a Location Quotient of 1, the concentration of these jobs is precisely at the national average, indicating a stable and balanced employment market. This signifies a consistent demand for labor that mirrors national trends, suggesting a robust and predictable job environment for professionals in the area.
2024 Market Data

Salary Overview

$58,150

The average All Occupations in Minot, ND earns-13.4%below the national average.

BreakdownBased on 40h/week
Hourly

$28

Weekly

$1,118

Monthly

$4,846

All Occupations Salary Distribution in Minot, ND

Salary progression in Minot, like elsewhere, is strongly tied to experience and skill development. Entry-level positions for All Occupations typically start at the lower end of the pay scale, while senior or highly specialized roles command significantly higher salaries. The percentile gaps between these levels reflect the career ladder and the increasing value placed on expertise and tenure within the local job market.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,200$14
ExperiencedProficient professional working independently.25% (Junior)$43,613$21
Mid-LevelEstablished expert. Standard market value.50% (Median)$48,210$23.2
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$72,688$34.9
Top TierIndustry leader / Executive level compensation.90% (Expert)$96,130$46.2

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$58,150

Gross Pay

Real Wage (Purchasing Power)

$58,150

Adjusted for COL (100)

The nominal average salary of $58,150 in Minot, ND, when considered against a Cost of Living Index of 100 (which is the national average), indicates that purchasing power is directly comparable to the national standard. This means that while the absolute salary is lower than the national average, the cost of essential goods and services does not necessitate a higher income to maintain a similar lifestyle.

Job Market Context

33,530

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Minot, ND has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1 for All Occupations in Minot, ND, signifies that the proportion of these jobs within the local economy is exactly in line with the national average. This suggests that the job market is neither unusually concentrated nor scarce in these roles, indicating a competitive yet stable environment where opportunities are present but not overwhelmingly abundant compared to national benchmarks.

Nearby Job Markets

Nearby Cities for All Occupations

CitySalaryDist.
West North Dakota nonmetropolitan area All Occupations Salary$64,820↑ 11%85 mi
East North Dakota nonmetropolitan area All Occupations Salary$57,090↓ 2%85 mi

Comparing salaries near Minot, ND

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Minot, ND?

The median annual salary for a All Occupations in Minot, ND is $58,150. This typically ranges from $29,200 for entry-level positions to $96,130 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minot, ND is 13.4% lower than the national median of $67,140.

Is Minot, ND a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $58,150 is below the national average of $67,140, although the cost of living is on par with the national average.

Is Minot, ND a good place to live for All Occupations?

The Cost of Living Index in Minot, ND is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Minot, ND?

Some top paying nearby cities include West North Dakota nonmetropolitan area ($64,820) and East North Dakota nonmetropolitan area.

How does Minot's cost of living compare to the national average?

Minot, ND has a Cost of Living Index of 100, which is exactly the national average, meaning the general cost of goods and services is comparable to the rest of the country.

What is the job market like for All Occupations in Minot, ND?

The job market is stable, with a workforce size of 33,530 and a Location Quotient of 1, indicating a balanced concentration of jobs relative to the national average.

Does experience significantly impact salaries for All Occupations in Minot?

Yes, experience is a key factor in salary determination, with entry-level positions earning less than senior or specialized roles, reflecting a typical career progression.

How does Minot's average salary compare to the national average?

The average annual salary for All Occupations in Minot ($58,150) is lower than the national average ($67,140).

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 33,530 employees in the Minot, ND area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Minot, ND