Average Business Teachers, Postsecondary Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Business Teachers in the Minneapolis-St. Paul-Bloomington, MN-WI area earn an impressive average annual salary of $123,810, significantly surpassing the national average of $108,950. This elevated compensation is likely driven by the region's specific economic demands and the specialized skill set required for postsecondary business education.
Executive Summary
- Average Salary: $123,810 per year.
- Growth Trend: Salaries have shifted 7.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $185,715.
- Outlook: With a local workforce of 610 Business Teachers, Postsecondary, and a Location Quotient of 0.6, the job market in Minneapolis-St. Paul-Bloomington indicates a slightly lower concentration of these professionals compared to the national average. While not a high-demand hub, the existing workforce suggests a stable, albeit specialized, employment landscape.
Salary Overview
The average Business Teachers, Postsecondary in Minneapolis-St. Paul-Bloomington, MN-WI earns+13.6%above the national average.
$59.5
$2,381
$10,318
Business Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data for this niche role in Minneapolis is not provided, it is reasonable to assume that salaries for Business Teachers, Postsecondary have experienced steady growth over the past four years, mirroring general trends in higher education and specialized professional fields. This growth is often influenced by inflation, increased demand for business expertise, and the need to attract and retain qualified educators.
Business Teachers, Postsecondary Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Business Teachers, Postsecondary typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the widening gap between starting salaries and those earned by seasoned professionals reflects the value placed on experience, advanced degrees, and a proven track record in both academia and industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $61,060 | $29.4 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $92,858 | $44.6 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $99,250 | $47.7 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $154,763 | $74.4 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $185,715 | $89.3 |
Detailed Business Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$123,810
Gross Pay
Real Wage (Purchasing Power)
$123,810
Adjusted for COL (100)
The average annual salary of $123,810 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Business Teacher's salary in this region is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.
Job Market Context
610
Total Jobs
0.318
Per 1K Jobs
0.6
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.60x the national average concentration of Business Teachers, Postsecondary jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.6 suggests that Business Teachers, Postsecondary are less concentrated in the Minneapolis-St. Paul-Bloomington area than the national average. This indicates a less competitive market in terms of sheer numbers, potentially offering more opportunities for skilled individuals to find positions, though it also implies a smaller overall pool of specialized talent.
Nearby Job Markets
Nearby Cities for Business Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Business Teachers, Postsecondary Salary | $90,010↓ 27% | 58 mi |
| Southeast Minnesota nonmetropolitan area Business Teachers, Postsecondary Salary | $86,270↓ 30% | 58 mi |
| St. Cloud, MN Business Teachers, Postsecondary Salary | $95,530↓ 23% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Business Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Business Teachers, Postsecondary make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Business Teachers, Postsecondary in Minneapolis-St. Paul-Bloomington, MN-WI is $123,810. This typically ranges from $61,060 for entry-level positions to $185,715 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 13.6% higher than the national median of $108,950.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Business Teachers, Postsecondarys?
Yes, it is a lucrative place.The average salary of $123,810 significantly exceeds the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Business Teachers, Postsecondarys?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($90,010) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis salary compare to the national average?
The average annual salary for Business Teachers, Postsecondary in Minneapolis-St. Paul-Bloomington is $123,810, which is notably higher than the national average of $108,950.
What is the concentration of Business Teachers, Postsecondary in Minneapolis?
The Location Quotient of 0.6 indicates that Business Teachers, Postsecondary are less concentrated in Minneapolis-St. Paul-Bloomington compared to the national average.
Does the cost of living affect the Minneapolis salary?
No, the cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (100), meaning the higher salary provides equivalent or better purchasing power than the national average.
What does a Location Quotient of 0.6 mean for job seekers?
A Location Quotient of 0.6 suggests that while the overall number of Business Teachers, Postsecondary may be lower, the market is less saturated, potentially offering good opportunities for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.318 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in Minneapolis-St. Paul-Bloomington, MN-WI