Average Biochemists and Biophysicists Salary in Minnesota
Biochemists and Biophysicists in Minnesota earn an average annual salary of $88,010. This figure is notably below the national average of $117,200, suggesting that regional economic factors and industry demand play a significant role in compensation within the state. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $88,010 per year.
- Growth Trend: Salaries have shifted 12.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,490.
- Outlook: The job market for Biochemists and Biophysicists in Minnesota, with a total local workforce of 230 professionals, appears to be less concentrated than the national average, indicated by a Location Quotient of 0.35. This suggests a smaller, potentially more specialized, demand for these roles within the state's economy, implying a market that may be less saturated but also potentially offers fewer opportunities compared to national hubs.
Salary Overview
The average Biochemists and Biophysicists in Minnesota earns-24.9%below the national average.
$42.3
$1,693
$7,334
Biochemists and Biophysicists Salary Trends (2020-2024)
While specific historical data for Minnesota's Biochemist and Biophysicist salaries over the past four years is not provided, it is reasonable to assume a general trend of salary growth, mirroring national patterns. Economic expansion, increased investment in research and development, and evolving industry needs typically drive upward pressure on compensation for specialized scientific roles over time.
Biochemists and Biophysicists Salary Distribution in Minnesota
Salary progression for Biochemists and Biophysicists in Minnesota typically scales significantly with experience. Entry-level positions may start considerably lower than the $88,010 average, while senior scientists and lead researchers can command salaries well above this mark. The percentile gaps in salary distribution clearly signify the career advancement and increased responsibility associated with accumulating years of expertise and specialized knowledge in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $59,690 | $28.7 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $66,008 | $31.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $82,610 | $39.7 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $110,013 | $52.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $127,490 | $61.3 |
Detailed Biochemists and Biophysicists Market Analysis
Relocation Context
Nominal Salary
$88,010
Gross Pay
Real Wage (Purchasing Power)
$93,231
Adjusted for COL (94.4)
The average annual salary of $88,010 in Minnesota presents a favorable financial standing when considered against the state's Cost of Living Index of 94.4. Since this index is below the national average of 100, the nominal salary offers a relatively stronger purchasing power for residents, meaning their earnings can potentially stretch further for everyday expenses compared to living in a higher cost-of-living area.
Job Market Context
230
Total Jobs
0.078
Per 1K Jobs
0.35
Location Quotient
At 0.35x, Minnesota has a notably lower concentration of Biochemists and Biophysicists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.35, Minnesota exhibits a lower concentration of Biochemists and Biophysicists relative to the national average. This indicates that the job market for these specialists is less abundant and potentially less competitive within the state. While this might mean fewer available positions, it could also suggest a niche demand where skilled professionals may find unique opportunities.
Nearby Job Markets
Nearby Cities for Biochemists and Biophysicists
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Biochemists and Biophysicists Salary | $88,530↑ 1% | 58 mi |
Comparing salaries near Minnesota
Hiring Biochemists and Biophysicistss?
Frequently Asked Questions
How much does a Biochemists and Biophysicists make in Minnesota?
The median annual salary for a Biochemists and Biophysicists in Minnesota is $88,010. This typically ranges from $59,690 for entry-level positions to $127,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 24.9% lower than the national median of $117,200.
Is Minnesota a lucrative place for Biochemists and Biophysicists?
No, not compared to the national average.While the average salary of $88,010 is respectable, it falls significantly short of the national average of $117,200. However, the lower cost of living does offer some compensation.
Is Minnesota a good place to live for Biochemists and Biophysicists?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($88,530) and others.
How does Minnesota's salary for Biochemists compare to the national average?
Biochemists and Biophysicists in Minnesota earn an average of $88,010 annually, which is substantially lower than the national average of $117,200.
What is the concentration of Biochemists and Biophysicists in Minnesota?
Minnesota has a lower concentration of these professionals, with a Location Quotient of 0.35, indicating fewer jobs per capita compared to the national average.
How does the cost of living in Minnesota affect the salary?
Minnesota's Cost of Living Index is 94.4, which is below the national average. This means the $88,010 salary offers relatively good purchasing power within the state.
What is the total number of Biochemists and Biophysicists in Minnesota?
There are approximately 230 Biochemists and Biophysicists employed in Minnesota.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Minnesota area with a job density of 0.078 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Biochemists and Biophysicists • Data source: BLS OEWS 2024 •Jobs in Minnesota