Average Light Truck Drivers Salary in Mankato, MN
Light Truck Drivers in Mankato, MN, can expect an average annual salary of $46,280. This figure is slightly below the national average of $47,920, suggesting that while demand exists, local economic factors or industry specifics may influence compensation. The cost of living in Mankato aligns perfectly with the national average, making this salary's purchasing power stable.
Executive Summary
- Average Salary: $46,280 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,050.
- Outlook: With a local workforce of 520 Light Truck Drivers, Mankato presents a notable concentration of these professionals, indicated by a Location Quotient of 1.45. This suggests a robust local demand for this role, exceeding national averages relative to the general workforce. The presence of 9.373 jobs per 1,000 workers further underscores the significant employment opportunities available in this sector within the city.
Salary Overview
The average Light Truck Drivers in Mankato, MN earns-3.4%below the national average.
$22.3
$890
$3,857
Light Truck Drivers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Light Truck Drivers in Mankato have experienced a steady upward trend over the past four years, mirroring national patterns. Factors such as inflation, increased demand for logistics services, and a growing economy likely contribute to incremental salary increases, ensuring that compensation keeps pace with the cost of living and labor market dynamics.
Light Truck Drivers Salary Distribution in Mankato, MN
Salary progression for Light Truck Drivers in Mankato typically correlates with experience and specialization. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive driving records, specialized endorsements, or supervisory responsibilities can command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $30,780 | $14.8 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $34,710 | $16.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $44,210 | $21.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $57,850 | $27.8 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $60,050 | $28.9 |
Detailed Light Truck Drivers Market Analysis
Relocation Context
Nominal Salary
$46,280
Gross Pay
Real Wage (Purchasing Power)
$46,280
Adjusted for COL (100)
The nominal average salary of $46,280 in Mankato, MN, holds its value effectively due to the local Cost of Living Index being exactly at the national average of 100. This means that the purchasing power of a Light Truck Driver's income in Mankato is comparable to that of someone earning the national average salary in a similarly priced region, offering stable financial stability.
Job Market Context
520
Total Jobs
9.373
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, Mankato, MN has a slightly higher-than-average concentration of Light Truck Drivers roles compared to the national norm.
Mankato's Location Quotient of 1.45 for Light Truck Drivers indicates a market concentration that is 45% higher than the national average. This suggests that the job market for these drivers is relatively abundant and potentially competitive, with more opportunities available per capita compared to the rest of the country. Employers may find a readily available pool of talent, while drivers may have a good selection of roles to choose from.
Nearby Job Markets
Nearby Cities for Light Truck Drivers
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Light Truck Drivers Salary | $52,020↑ 12% | 66 mi |
| Rochester, MN Light Truck Drivers Salary | $49,640↑ 7% | 75 mi |
| St. Cloud, MN Light Truck Drivers Salary | $45,550↓ 2% | 95 mi |
Comparing salaries near Mankato, MN
Hiring Light Truck Driverss?
Frequently Asked Questions
How much does a Light Truck Drivers make in Mankato, MN?
The median annual salary for a Light Truck Drivers in Mankato, MN is $46,280. This typically ranges from $30,780 for entry-level positions to $60,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 3.4% lower than the national median of $47,920.
Is Mankato, MN a lucrative place for Light Truck Drivers?
Yes, with caveats.While the average salary is slightly below the national average, the cost of living matching the national average provides good purchasing power. The high concentration of drivers indicates strong local demand.
Is Mankato, MN a good place to live for Light Truck Drivers?
The Cost of Living Index in Mankato, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mankato, MN?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($52,020) and Rochester, MN.
How does Mankato's Light Truck Driver salary compare to the national average?
The average annual salary for Light Truck Drivers in Mankato, MN, is $46,280, which is slightly lower than the national average of $47,920.
What is the significance of Mankato's Location Quotient for Light Truck Drivers?
A Location Quotient of 1.45 signifies that Mankato has a higher concentration of Light Truck Drivers relative to the national average, indicating strong local demand and a potentially robust job market for this profession.
Does the cost of living in Mankato affect the value of a Light Truck Driver's salary?
No, the cost of living in Mankato is exactly at the national average (100), meaning the $46,280 salary offers purchasing power equivalent to the national average, making it stable.
How many Light Truck Drivers are employed in Mankato, MN?
There are approximately 520 Light Truck Drivers employed in Mankato, MN, representing 9.373 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Mankato, MN area with a job density of 9.373 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Light Truck Drivers • Data source: BLS OEWS 2024 •Jobs in Mankato, MN