Average Financial Managers Salary in Northeast Minnesota nonmetropolitan area
The average salary for Financial Managerss in Northeast Minnesota nonmetropolitan area is $129,020. While this is lower than the national average, the cost of living in Northeast Minnesota nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $129,020 per year.
- Growth Trend: Salaries have shifted 37.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,110.
- Outlook: The current demand for Financial Managerss is stable, with a local workforce of approximately 150 professionals. With a high job density of 3.352 per 1,000 jobs, there is a strong concentration of opportunities in this sector.
Salary Overview
The average Financial Managers in Northeast Minnesota nonmetropolitan area earns-30.1%below the national average.
$62
$2,481
$10,752
Financial Managers Salary Trends (2020-2024)
Over the past 4 years, Financial Managers salaries in Northeast Minnesota nonmetropolitan area have experienced a rapid surge, growing by 37.5%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Managers Salary Distribution in Northeast Minnesota nonmetropolitan area
The earning potential for Financial Managerss in Northeast Minnesota nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $74,460, while highly experienced professionals can command wages upwards of $202,110.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,460 | $35.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,765 | $46.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,670 | $58 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,275 | $77.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,110 | $97.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$129,020
Gross Pay
Real Wage (Purchasing Power)
$129,020
Adjusted for COL (100)
In Northeast Minnesota nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $129,020 to $129,020.
Job Market Context
150
Total Jobs
3.352
Per 1K Jobs
0.63
Location Quotient
Northeast Minnesota nonmetropolitan area has 0.63x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
150 people work as Financial Managers in Northeast Minnesota nonmetropolitan area.
Moderate density — roughly 3.352 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Financial Managers Salary | $152,310↑ 18% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Financial Managers Salary | $177,050↑ 37% | 58 mi |
Comparing salaries near Northeast Minnesota nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Minnesota nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Minnesota nonmetropolitan area is $129,020. This typically ranges from $74,460 for entry-level positions to $202,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Minnesota nonmetropolitan area is 30.1% lower than the national median of $184,480.
Is Northeast Minnesota nonmetropolitan area a good place for Financial Managerss?
It depends on your priorities. While the average Financial Managers salary in Northeast Minnesota nonmetropolitan area is $129,020 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Northeast Minnesota nonmetropolitan area. See distinct detailed breakdown below.
Is Northeast Minnesota nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($152,310) and Minneapolis-St. Paul-Bloomington, MN-WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Northeast Minnesota nonmetropolitan area area with a job density of 3.352 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Northeast Minnesota nonmetropolitan area