Average All Occupations Salary in Southwest Minnesota nonmetropolitan area
In Southwest Minnesota's nonmetropolitan area, the average annual salary for All Occupations stands at $55,870. This figure is notably below the national average of $67,140, reflecting regional economic factors and industry concentrations. The specific economic landscape and demand within this nonmetropolitan region play a significant role in shaping compensation levels.
Executive Summary
- Average Salary: $55,870 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,330.
- Outlook: With a substantial local workforce of 117,990 individuals, Southwest Minnesota's nonmetropolitan area demonstrates a significant labor market presence. The Location Quotient of 1.0 indicates that the concentration of All Occupations jobs in this region is precisely in line with the national average, suggesting a stable and balanced demand for labor relative to the nation.
Salary Overview
The average All Occupations in Southwest Minnesota nonmetropolitan area earns-16.8%below the national average.
$26.9
$1,074
$4,656
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations in nonmetropolitan areas like Southwest Minnesota have experienced gradual growth over the past four years. This trend is typically driven by inflation, evolving industry demands, and efforts to retain skilled workers within the local economy, ensuring compensation remains competitive within its regional context.
All Occupations Salary Distribution in Southwest Minnesota nonmetropolitan area
Salary progression for All Occupations in Southwest Minnesota nonmetropolitan area typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior roles commanding higher salaries reflect accumulated expertise and responsibility. The widening gap between lower and higher salary percentiles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $29,490 | $14.2 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $41,903 | $20.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,150 | $22.7 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $69,838 | $33.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $89,330 | $42.9 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$55,870
Gross Pay
Real Wage (Purchasing Power)
$55,870
Adjusted for COL (100)
The nominal average annual salary of $55,870 in Southwest Minnesota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This suggests that while the absolute salary may be lower than the national average, the purchasing power of this income is comparable to the national standard, making it a relatively stable financial environment for residents.
Job Market Context
117,990
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Southwest 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 Southwest Minnesota nonmetropolitan area signifies that the job market is neither over-concentrated nor underserved compared to national benchmarks. This indicates a balanced employment landscape where opportunities are present but not necessarily in excess, suggesting a moderately competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN All Occupations Salary | $62,540↑ 12% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI All Occupations Salary | $72,240↑ 29% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a All Occupations in Southwest Minnesota nonmetropolitan area is $55,870. This typically ranges from $29,490 for entry-level positions to $89,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 16.8% lower than the national median of $67,140.
Is Southwest Minnesota nonmetropolitan area a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $55,870 is below the national average of $67,140, indicating less lucrative compensation. However, the cost of living is also at the national average, meaning purchasing power is relatively stable.
Is Southwest Minnesota nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($62,540) and Minneapolis-St. Paul-Bloomington, MN-WI.
What is the average salary for All Occupations in Southwest Minnesota nonmetropolitan area?
The average annual salary for All Occupations in Southwest Minnesota nonmetropolitan area is $55,870.
How does Southwest Minnesota's average salary compare to the national average?
The average salary in Southwest Minnesota ($55,870) is lower than the national average ($67,140).
What is the cost of living in Southwest Minnesota nonmetropolitan area?
The cost of living index in Southwest Minnesota nonmetropolitan area is 100, which is the same as the national average.
How concentrated are All Occupations jobs in this region?
The concentration of All Occupations jobs, indicated by a Location Quotient of 1.0, is exactly at the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 117,990 employees in the Southwest 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.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Southwest Minnesota nonmetropolitan area