Average Management Analysts Salary in Northwest Minnesota nonmetropolitan area
Management Analysts in the Northwest Minnesota nonmetropolitan area earn an average annual salary of $84,740. This figure is notably below the national average of $119,370, reflecting regional economic factors and potentially lower demand for specialized analytical roles outside major metropolitan hubs. The specific economic landscape and industry concentration within this nonmetropolitan area significantly influence compensation levels for this profession.
Executive Summary
- Average Salary: $84,740 per year.
- Growth Trend: Salaries have shifted 48.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,060.
- Outlook: The job market for Management Analysts in Northwest Minnesota appears stable, with a local workforce of 380 professionals. The location quotient of 0.34 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, they are not as abundant as in more populous or industrially diverse regions. The presence of nearly 2 jobs per 1,000 workers signifies a consistent, albeit modest, demand for these analytical services.
Salary Overview
The average Management Analysts in Northwest Minnesota nonmetropolitan area earns-29.0%below the national average.
$40.7
$1,630
$7,062
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Management Analyst salaries across nonmetropolitan areas like Northwest Minnesota have experienced modest growth over the past four years, mirroring national trends of increasing demand for strategic planning and operational efficiency. This growth is likely driven by businesses seeking to optimize performance in a competitive economic climate, even in less densely populated regions.
Management Analysts Salary Distribution in Northwest Minnesota nonmetropolitan area
Salary progression for Management Analysts typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior analysts with extensive experience and a proven track record can command significantly higher salaries, potentially reaching the upper percentiles. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and increased earning potential as expertise and responsibility grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,580 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,555 | $30.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,300 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,925 | $50.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,060 | $58.2 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$84,740
Gross Pay
Real Wage (Purchasing Power)
$84,740
Adjusted for COL (100)
With an average salary of $84,740 and a Cost of Living Index of 100, Management Analysts in Northwest Minnesota experience a salary that aligns directly with the national average cost of living. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard, making it a relatively balanced financial proposition for those considering relocation.
Job Market Context
380
Total Jobs
1.983
Per 1K Jobs
0.34
Location Quotient
At 0.34x, Northwest Minnesota nonmetropolitan area has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.34 for Management Analysts in Northwest Minnesota indicates a significantly lower concentration of these professionals compared to the national average. This suggests that the job market is less saturated, potentially offering a more specialized or niche opportunity for those already established in the region. However, it also implies that the overall demand might be more limited, making it potentially more competitive for new entrants seeking roles.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Management Analysts Salary | $92,460↑ 9% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Management Analysts Salary | $113,610↑ 34% | 58 mi |
Comparing salaries near Northwest Minnesota nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Northwest Minnesota nonmetropolitan area?
The median annual salary for a Management Analysts in Northwest Minnesota nonmetropolitan area is $84,740. This typically ranges from $58,580 for entry-level positions to $121,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Minnesota nonmetropolitan area is 29.0% lower than the national median of $119,370.
Is Northwest Minnesota nonmetropolitan area a lucrative place for Management Analysts?
No, it is not considered a highly lucrative area for Management Analysts.The average salary of $84,740 is substantially lower than the national average, and the low location quotient suggests fewer opportunities compared to national benchmarks.
Is Northwest Minnesota nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Northwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($92,460) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the cost of living in Northwest Minnesota compare to the national average?
The cost of living in Northwest Minnesota is exactly at the national average, indicated by a Cost of Living Index of 100. This means that the purchasing power of a salary in this region is comparable to the national average.
What is the concentration of Management Analysts in Northwest Minnesota?
The concentration of Management Analysts is relatively low, with a Location Quotient of 0.34. This signifies that these roles are less common in this region compared to the national average.
How many Management Analyst jobs are there per 1,000 workers in this region?
There are approximately 1.983 Management Analyst jobs per 1,000 workers in the Northwest Minnesota nonmetropolitan area.
What is the total number of Management Analysts in Northwest Minnesota?
The total local workforce for Management Analysts in Northwest Minnesota is 380 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Northwest Minnesota nonmetropolitan area area with a job density of 1.983 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Northwest Minnesota nonmetropolitan area