Average Management Analysts Salary in Southeast Minnesota nonmetropolitan area
Management Analysts in the Southeast Minnesota nonmetropolitan area earn an average annual salary of $86,870. This figure is notably below the national average of $119,370, reflecting regional economic factors and potentially a different demand structure for these specialized roles outside major metropolitan hubs.
Executive Summary
- Average Salary: $86,870 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,360.
- Outlook: With a local workforce of 280 Management Analysts, the job market in Southeast Minnesota's nonmetropolitan area presents a concentrated, albeit smaller, segment of the national profession. The Location Quotient of 0.32 indicates that this role is less concentrated here compared to the national average, suggesting a niche but potentially stable demand within the region's specific economic landscape.
Salary Overview
The average Management Analysts in Southeast Minnesota nonmetropolitan area earns-27.2%below the national average.
$41.8
$1,671
$7,239
Management Analysts Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that Management Analyst salaries across the nation have experienced steady growth over the past four years, driven by evolving business needs and increasing complexity in strategic planning and operational efficiency. This trend likely extends to Southeast Minnesota, albeit at a pace influenced by local economic conditions.
Management Analysts Salary Distribution in Southeast Minnesota nonmetropolitan area
The career trajectory for Management Analysts typically involves significant salary progression with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,150 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,153 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,150 | $38.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,588 | $52.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,360 | $57.9 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$86,870
Gross Pay
Real Wage (Purchasing Power)
$86,870
Adjusted for COL (100)
The nominal average salary of $86,870 in Southeast Minnesota's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard, making it a financially neutral move in terms of cost of living.
Job Market Context
280
Total Jobs
1.853
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Southeast 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.
A Location Quotient of 0.32 for Management Analysts in Southeast Minnesota's nonmetropolitan area signifies that the concentration of these professionals is significantly lower than the national average. This suggests that the job market may be less saturated, potentially offering unique opportunities for skilled analysts, but also indicating a more specialized or limited demand compared to national trends.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Management Analysts Salary | $92,460↑ 6% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Management Analysts Salary | $113,610↑ 31% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Management Analysts in Southeast Minnesota nonmetropolitan area is $86,870. This typically ranges from $59,150 for entry-level positions to $120,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 27.2% lower than the national median of $119,370.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Management Analysts?
No, not compared to the national average.While the salary of $86,870 is substantial, it falls significantly short of the national average of $119,370. However, the cost of living is also at the national average, mitigating some of the perceived difference.
Is Southeast Minnesota nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($92,460) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the local workforce size affect job prospects for Management Analysts in Southeast Minnesota?
A local workforce of 280 Management Analysts indicates a relatively small, specialized pool. This could mean fewer overall openings but potentially less competition for experienced professionals.
What does a Location Quotient of 0.32 mean for Management Analysts in this region?
A Location Quotient below 1.0, like 0.32, means Management Analysts are less concentrated in Southeast Minnesota's nonmetropolitan area than the national average, suggesting a niche market.
How does the Cost of Living Index impact the $86,870 salary?
With a Cost of Living Index of 100, the $86,870 salary offers purchasing power equivalent to the national average, meaning your earnings stretch as far as they would in a typical U.S. location.
Are there many Management Analyst jobs per 1,000 workers in Southeast Minnesota?
With 1.853 jobs per 1,000 workers, the density of Management Analyst roles is present but not exceptionally high, aligning with the lower Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 1.853 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 Southeast Minnesota nonmetropolitan area