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Average Business Teachers, Postsecondary Salary in Minnesota

Business Teachers, Postsecondary in Minnesota earn an impressive average annual salary of $111,350, surpassing the national average of $108,950. This elevated compensation is likely influenced by the state's specific economic landscape and demand for specialized business education professionals.

Executive Summary

  • Average Salary: $111,350 per year.
  • Growth Trend: Salaries have shifted 0.3% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $206,440.
  • Outlook: With a local workforce of 1,090 Business Teachers, Postsecondary, Minnesota demonstrates a notable presence in this field. The Location Quotient of 0.7 suggests that while the concentration is slightly below the national average, the absolute number indicates a stable and established job market for these educators.
2024 Market Data

Salary Overview

$111,350

The average Business Teachers, Postsecondary in Minnesota earns+2.2%above the national average.

BreakdownBased on 40h/week
Hourly

$53.5

Weekly

$2,141

Monthly

$9,279

Business Teachers, Postsecondary Salary Distribution in Minnesota

Career progression for Business Teachers, Postsecondary typically involves a significant salary increase from entry-level to senior positions. The widening gap between salary percentiles reflects the value placed on experience, advanced degrees, and specialized expertise in higher education.

Experience LevelMarket PercentileAnnual WageHourly Rate
ProbationaryInitial licensure. Mentored by senior faculty.10% (Entry)$58,980$28.4
Tenured / ProProfessional status. Curriculum development.25% (Junior)$83,513$40.2
Senior EducatorDepartment chair. Mentors student teachers.50% (Median)$83,360$40.1
Lead SpecialistInstructional coach, reading specialist, or VP.75% (Senior)$139,188$66.9
AdministratorPrincipal, District Admin, or Consultant.90% (Expert)$206,440$99.3

Detailed Business Teachers, Postsecondary Market Analysis

Relocation Context

Nominal Salary

$111,350

Gross Pay

Real Wage (Purchasing Power)

$117,956

Adjusted for COL (94.4)

The average annual salary of $111,350 in Minnesota is particularly advantageous when considering the local Cost of Living Index of 94.4. This index, being below the national average of 100, suggests that the purchasing power of a Business Teacher's salary in Minnesota is stronger than the national average, allowing for a higher standard of living.

Job Market Context

1,090

Total Jobs

0.374

Per 1K Jobs

0.7

Location Quotient

Below Average

Minnesota has 0.70x 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 0.7 indicates that Business Teachers, Postsecondary are slightly less concentrated in Minnesota compared to the national average. This suggests a moderately competitive market where demand may slightly outpace the immediate supply of specialized educators, potentially contributing to the favorable salary levels.

Nearby Job Markets

Nearby Cities for Business Teachers, Postsecondary

CitySalaryDist.
St. Cloud, MN Business Teachers, Postsecondary Salary$95,530↓ 14%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Business Teachers, Postsecondary Salary$123,810↑ 11%58 mi

Comparing salaries near Minnesota

Hiring Business Teachers, Postsecondarys?

Frequently Asked Questions

How much does a Business Teachers, Postsecondary make in Minnesota?

The median annual salary for a Business Teachers, Postsecondary in Minnesota is $111,350. This typically ranges from $58,980 for entry-level positions to $206,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 2.2% higher than the national median of $108,950.

Is Minnesota a lucrative place for Business Teachers, Postsecondarys?

Yes, Minnesota offers a lucrative environment for Business Teachers, Postsecondary.The average salary of $111,350 exceeds the national average, and the cost of living is below the national average, enhancing overall financial well-being.

Is Minnesota a good place to live for Business Teachers, Postsecondarys?

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 St. Cloud, MN ($95,530) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does Minnesota's cost of living compare to the national average?

Minnesota's Cost of Living Index is 94.4, which is 5.6% lower than the national average of 100, indicating a more affordable living environment.

What is the concentration of Business Teachers, Postsecondary in Minnesota?

The Location Quotient for Business Teachers, Postsecondary in Minnesota is 0.7, meaning the concentration is 30% lower than the national average.

How many Business Teachers, Postsecondary are employed in Minnesota?

There are approximately 1,090 Business Teachers, Postsecondary employed within Minnesota.

What is the average salary for this role nationally?

The national average annual salary for Business Teachers, Postsecondary is $108,950.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the Minnesota area with a job density of 0.374 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Business Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in Minnesota