SalaryNode

Average All Occupations Salary in Southeast Minnesota nonmetropolitan area

The average annual salary for All Occupations in the Southeast Minnesota nonmetropolitan area stands at $58,190. This figure is notably below the national average of $67,140, suggesting that regional economic factors and industry concentration play a significant role in compensation within this specific locale. The lower average pay may be influenced by the cost of living and the specific demand for various roles in this nonmetropolitan setting.

Executive Summary

  • Average Salary: $58,190 per year.
  • Growth Trend: Salaries have shifted 20.6% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $96,540.
  • Outlook: With a substantial local workforce of 152,920 individuals, the Southeast Minnesota nonmetropolitan area demonstrates a significant labor market presence. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this region is precisely aligned with the national average. This suggests a stable and balanced demand for these roles, without an over-saturation or significant undersupply compared to the rest of the country.
2024 Market Data

Salary Overview

$58,190

The average All Occupations in Southeast Minnesota nonmetropolitan area earns-13.3%below the national average.

BreakdownBased on 40h/week
Hourly

$28

Weekly

$1,119

Monthly

$4,849

All Occupations Salary Distribution in Southeast Minnesota nonmetropolitan area

Salary progression for All Occupations typically scales with experience, moving from entry-level positions to mid-career and senior roles. While specific percentile data is unavailable, the widening salary gap between lower and higher experience levels signifies clear career advancement opportunities and increased earning potential within the region.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,570$14.2
ExperiencedProficient professional working independently.25% (Junior)$43,643$21
Mid-LevelEstablished expert. Standard market value.50% (Median)$47,630$22.9
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$72,738$35
Top TierIndustry leader / Executive level compensation.90% (Expert)$96,540$46.4

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$58,190

Gross Pay

Real Wage (Purchasing Power)

$58,190

Adjusted for COL (100)

The nominal average annual salary of $58,190 in the Southeast Minnesota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is equivalent to the national average, indicating a balanced economic environment where income generally matches living expenses.

Job Market Context

152,920

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Southeast 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 Southeast Minnesota nonmetropolitan area signifies that the concentration of these jobs is exactly at the national average. This suggests a competitive yet stable job market, where the availability of these roles is neither exceptionally high nor unusually low compared to national trends, indicating a steady demand.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Southeast Minnesota nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

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

The median annual salary for a All Occupations in Southeast Minnesota nonmetropolitan area is $58,190. This typically ranges from $29,570 for entry-level positions to $96,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Southeast Minnesota nonmetropolitan area is 13.3% lower than the national median of $67,140.

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

No, not exceptionally lucrative compared to the national average.The average salary of $58,190 is below the national average of $67,140, although the cost of living is on par with the national average. This indicates that while expenses are average, the earning potential is somewhat diminished.

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

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

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

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

How does the Southeast Minnesota nonmetropolitan area's salary compare to the national average for All Occupations?

The average annual salary for All Occupations in Southeast Minnesota nonmetropolitan area is $58,190, which is lower 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 Southeast Minnesota nonmetropolitan area is the same as the national average, indicating a balanced job market.

How does the cost of living in Southeast Minnesota nonmetropolitan area affect the salary?

With a Cost of Living Index of 100 (matching the national average), the $58,190 salary has the equivalent purchasing power as the national average salary, suggesting a balanced economic environment for residents.

What is the total workforce size for All Occupations in this region?

The total local workforce for All Occupations in the Southeast Minnesota nonmetropolitan area comprises 152,920 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 152,920 employees in the Southeast 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.