SalaryNode

Average All Occupations Salary in Northeast Minnesota nonmetropolitan area

In the Northeast Minnesota nonmetropolitan area, the average annual salary for All Occupations stands at $55,000. This figure is notably below the national average of $67,140, reflecting the economic dynamics and potentially lower demand for certain roles in more rural or less industrialized regions. Factors such as industry concentration and the overall economic base of the area typically influence these localized pay scales.

Executive Summary

  • Average Salary: $55,000 per year.
  • Growth Trend: Salaries have shifted 19.6% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $89,860.
  • Outlook: With a total local workforce of 43,500 individuals, the Northeast Minnesota nonmetropolitan area demonstrates a substantial labor pool. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this region is precisely at the national average, suggesting a stable and balanced demand for these roles relative to the country as a whole. This equilibrium points to a consistent, albeit not rapidly expanding, job market for these positions.
2024 Market Data

Salary Overview

$55,000

The average All Occupations in Northeast Minnesota nonmetropolitan area earns-18.1%below the national average.

BreakdownBased on 40h/week
Hourly

$26.4

Weekly

$1,058

Monthly

$4,583

All Occupations Salary Distribution in Northeast Minnesota nonmetropolitan area

Within the All Occupations category, salary progression typically correlates with experience and specialization. Entry-level positions often start at the lower end of the pay scale, while senior roles requiring extensive expertise and leadership command significantly higher compensation. The widening gap between entry-level and senior salaries, often visible through percentile data, signifies clear career advancement pathways and the increasing value placed on seasoned professionals in the job market.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$28,730$13.8
ExperiencedProficient professional working independently.25% (Junior)$41,250$19.8
Mid-LevelEstablished expert. Standard market value.50% (Median)$45,980$22.1
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$68,750$33.1
Top TierIndustry leader / Executive level compensation.90% (Expert)$89,860$43.2

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$55,000

Gross Pay

Real Wage (Purchasing Power)

$55,000

Adjusted for COL (100)

The nominal average annual salary of $55,000 in Northeast Minnesota's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average. Residents can expect their income to cover typical expenses at a rate comparable to the rest of the country, making it a neutral environment from a cost-of-living perspective.

Job Market Context

43,500

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Northeast Minnesota nonmetropolitan area has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in the Northeast Minnesota nonmetropolitan area signifies that the proportion of these jobs within the local workforce is identical to the national average. This suggests a market that is neither over-saturated nor experiencing a significant shortage of these roles. The job market is likely competitive, with opportunities available but requiring individuals to meet standard qualifications and experience levels.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Northeast Minnesota nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Northeast Minnesota nonmetropolitan area?

The median annual salary for a All Occupations in Northeast Minnesota nonmetropolitan area is $55,000. This typically ranges from $28,730 for entry-level positions to $89,860 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northeast Minnesota nonmetropolitan area is 18.1% lower than the national median of $67,140.

Is Northeast Minnesota nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to national averages.The average salary of $55,000 is below the national average of $67,140, indicating lower earning potential in this region. However, the cost of living is also at the national average, meaning purchasing power is comparable.

Is Northeast Minnesota nonmetropolitan area a good place to live for All Occupations?

The Cost of Living Index in Northeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northeast Minnesota nonmetropolitan area?

Some top paying nearby cities include St. Cloud, MN ($62,540) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does the Northeast Minnesota salary compare to the national average?

The average salary for All Occupations in Northeast Minnesota's nonmetropolitan area is $55,000, which is $12,140 less than the national average of $67,140.

What is the significance of the Location Quotient being 1.0?

A Location Quotient of 1.0 means that the concentration of All Occupations jobs in this region is exactly the same as the national average, indicating a balanced job market without significant over or under-representation.

Does the cost of living affect the $55,000 salary?

No, the cost of living index is 100, which is the national average. This means the $55,000 salary has purchasing power equivalent to the national average, despite being lower than the national salary figure.

How large is the workforce for All Occupations in this area?

The total local workforce in the Northeast Minnesota nonmetropolitan area comprises 43,500 individuals, with 1,000 jobs per 1,000 workers, indicating a substantial labor market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 43,500 employees in the Northeast Minnesota nonmetropolitan area area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.