Average Management Occupations Salary in Mankato, MN
In Mankato, MN, professionals in Management Occupations can expect an average annual salary of $115,220. This figure is notably below the national average of $143,930, reflecting regional economic factors and the specific demand dynamics within the Mankato labor market. Localized economic conditions and industry concentrations often dictate these pay scales.
Executive Summary
- Average Salary: $115,220 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $191,680.
- Outlook: Mankato's management sector comprises a workforce of 3,120 individuals, with 56.341 jobs per 1,000 workers. The Location Quotient of 0.79 suggests that management roles are slightly less concentrated in Mankato compared to the national average. While not a major hub for management positions, the existing workforce indicates a stable, albeit not exceptionally high, demand.
Salary Overview
The average Management Occupations in Mankato, MN earns-19.9%below the national average.
$55.4
$2,216
$9,602
Management Occupations Salary Trends (2020-2024)
While specific historical data for Mankato's management sector isn't provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving business needs typically drive increases in compensation for management roles, aiming to attract and retain skilled professionals.
Management Occupations Salary Distribution in Mankato, MN
The salary spectrum for Management Occupations in Mankato, like elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior management roles, with their increased responsibilities and strategic oversight, can earn considerably more. The percentile gaps between these levels signify clear pathways for career progression and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,540 | $25.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,415 | $41.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,350 | $48.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,025 | $69.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $191,680 | $92.2 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$115,220
Gross Pay
Real Wage (Purchasing Power)
$115,220
Adjusted for COL (100)
With an average annual salary of $115,220 and a Cost of Living Index of 100, Mankato presents a balanced financial scenario for management professionals. The nominal salary aligns precisely with the national average cost of living, suggesting that purchasing power for these roles is comparable to the national standard, without the premium often associated with higher-cost urban centers.
Job Market Context
3,120
Total Jobs
56.341
Per 1K Jobs
0.79
Location Quotient
Mankato, MN has 0.79x the national average concentration of Management Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.79 indicates that management occupations are present in Mankato but are not a dominant industry sector when compared to national benchmarks. This suggests a moderately competitive market where demand is steady but perhaps not as robust as in larger metropolitan areas, offering a stable environment for those already established in the field.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Management Occupations Salary | $145,610↑ 26% | 66 mi |
| Rochester, MN Management Occupations Salary | $129,320↑ 12% | 75 mi |
| St. Cloud, MN Management Occupations Salary | $119,300↑ 4% | 95 mi |
Comparing salaries near Mankato, MN
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Mankato, MN?
The median annual salary for a Management Occupations in Mankato, MN is $115,220. This typically ranges from $52,540 for entry-level positions to $191,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 19.9% lower than the national median of $143,930.
Is Mankato, MN a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $115,220 is substantial, it falls below the national average of $143,930. The cost of living being at the national average means the purchasing power is comparable, but the earning potential is lower.
Is Mankato, MN a good place to live for Management Occupations?
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 ($145,610) and Rochester, MN.
How does Mankato's management salary compare to the national average?
The average annual salary for Management Occupations in Mankato is $115,220, which is lower than the national average of $143,930.
What is the concentration of management jobs in Mankato?
Mankato has a Location Quotient of 0.79 for Management Occupations, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Mankato affect the salary?
Mankato's Cost of Living Index is 100, which is the national average. This means the $115,220 salary offers purchasing power equivalent to the national average, despite being below the national salary average.
What is the total number of management professionals in Mankato?
There are approximately 3,120 individuals employed in Management Occupations in Mankato, MN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,120 employees in the Mankato, MN area with a job density of 56.341 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 Occupations • Data source: BLS OEWS 2024 •Jobs in Mankato, MN