Average Management Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Management Occupations in the Minneapolis-St. Paul-Bloomington, MN-WI area command an impressive average annual salary of $145,610. This figure slightly surpasses the national average of $143,930, indicating a strong demand for managerial talent in this metropolitan region. The robust local economy and concentration of industries likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $145,610 per year.
- Growth Trend: Salaries have shifted 10.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,000.
- Outlook: With a substantial local workforce of 138,990 individuals in management occupations and a Location Quotient of 1.01, the Minneapolis-St. Paul-Bloomington area demonstrates a healthy and slightly above-average concentration of these roles. This suggests a stable and potentially growing job market for management professionals, supported by a significant presence of businesses requiring skilled leadership.
Salary Overview
The average Management Occupations in Minneapolis-St. Paul-Bloomington, MN-WI earns+1.2%above the national average.
$70
$2,800
$12,134
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that management salaries in the Minneapolis-St. Paul-Bloomington area have experienced steady growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for experienced leadership typically drive upward salary adjustments in this sector.
Management Occupations Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for Management Occupations is strongly tied to experience and responsibility. Entry-level positions typically start at the lower end of the pay scale, while senior management roles, with their greater strategic impact and oversight, command significantly higher compensation. The percentile gaps in salary distribution highlight clear career advancement pathways and the substantial earning potential for seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,740 | $30.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $109,208 | $52.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,030 | $62.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $182,013 | $87.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,000 | $110.1 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$145,610
Gross Pay
Real Wage (Purchasing Power)
$145,610
Adjusted for COL (100)
The average annual salary of $145,610 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a management professional's salary in this area is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
138,990
Total Jobs
71.954
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
A Location Quotient of 1.01 for Management Occupations in Minneapolis-St. Paul-Bloomington indicates that the concentration of these jobs is very close to the national average. This suggests a balanced market where demand and supply are relatively aligned, implying a competitive yet accessible landscape for both employers seeking talent and professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Management Occupations Salary | $105,720↓ 27% | 58 mi |
| Southeast Minnesota nonmetropolitan area Management Occupations Salary | $118,930↓ 18% | 58 mi |
| Southwest Minnesota nonmetropolitan area Management Occupations Salary | $109,890↓ 25% | 58 mi |
| Northeast Minnesota nonmetropolitan area Management Occupations Salary | $98,910↓ 32% | 58 mi |
| St. Cloud, MN Management Occupations Salary | $119,300↓ 18% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Management Occupations in Minneapolis-St. Paul-Bloomington, MN-WI is $145,610. This typically ranges from $62,740 for entry-level positions to $229,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 1.2% higher than the national median of $143,930.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Management Occupationss?
Yes, it is a lucrative place for Management Occupations.The average salary of $145,610 is slightly above the national average, and the cost of living is exactly at the national average, offering strong purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Management Occupations?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($105,720) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington management salary compare to the national average?
The average annual salary for Management Occupations in Minneapolis-St. Paul-Bloomington is $145,610, which is slightly higher than the national average of $143,930.
What is the concentration of management jobs in Minneapolis-St. Paul-Bloomington?
The Location Quotient for management occupations is 1.01, indicating a concentration that is very close to the national average, suggesting a balanced job market.
How does the cost of living affect the value of a management salary in Minneapolis-St. Paul-Bloomington?
With a Cost of Living Index of 100, the local salary of $145,610 has the same purchasing power as the national average salary, making it financially equivalent.
What is the total workforce size for management roles in this area?
The total local workforce for Management Occupations in Minneapolis-St. Paul-Bloomington is 138,990, signifying a substantial presence of these roles within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 138,990 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 71.954 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 Minneapolis-St. Paul-Bloomington, MN-WI