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Average Management Occupations Salary in Minnesota

Management Occupations in Minnesota command an average annual salary of $137,180, which is slightly below the national average of $143,930. This regional variation in compensation is often influenced by a combination of local economic factors, industry demand, and the overall cost of doing business within the state.

Executive Summary

  • Average Salary: $137,180 per year.
  • Growth Trend: Salaries have shifted 10.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $221,700.
  • Outlook: With a substantial local workforce of 200,060 individuals in Management Occupations, Minnesota demonstrates a significant presence in this sector. The Location Quotient of 0.96 suggests that management roles are nearly as concentrated in Minnesota as they are nationally, indicating a stable and robust job market with consistent demand for managerial talent.
2024 Market Data

Salary Overview

$137,180

The average Management Occupations in Minnesota earns-4.7%below the national average.

BreakdownBased on 40h/week
Hourly

$66

Weekly

$2,638

Monthly

$11,432

Management Occupations Salary Distribution in Minnesota

The salary landscape for Management Occupations in Minnesota shows considerable variation based on experience. Entry-level positions might start significantly lower than the average, while senior executives and highly specialized managers can earn substantially more. The widening percentile gaps from lower to higher earnings clearly signify robust career progression opportunities within the state.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$58,790$28.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$102,885$49.5
ManagerOversees team, compliance, and project delivery.50% (Median)$122,230$58.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$171,475$82.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$221,700$106.6

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$137,180

Gross Pay

Real Wage (Purchasing Power)

$145,318

Adjusted for COL (94.4)

The average annual salary of $137,180 in Minnesota presents a favorable financial picture when considered against the state's Cost of Living Index of 94.4. This index, being below the national average of 100, suggests that the nominal salary offers a relatively strong purchasing power for residents, potentially allowing for a higher standard of living compared to more expensive regions.

Job Market Context

200,060

Total Jobs

68.502

Per 1K Jobs

0.96

Location Quotient

Below Average

Minnesota has 0.96x 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.

Minnesota's Location Quotient of 0.96 for Management Occupations indicates a job market that is very closely aligned with the national average in terms of concentration. This suggests a competitive yet balanced environment where the demand for management professionals is nearly equivalent to the national supply, offering ample opportunities without extreme saturation.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
St. Cloud, MN Management Occupations Salary$119,300↓ 13%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Management Occupations Salary$145,610↑ 6%58 mi

Comparing salaries near Minnesota

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Minnesota?

The median annual salary for a Management Occupations in Minnesota is $137,180. This typically ranges from $58,790 for entry-level positions to $221,700 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 4.7% lower than the national median of $143,930.

Is Minnesota a lucrative place for Management Occupationss?

Yes, with caveats.Minnesota offers a solid average salary of $137,180, which is quite competitive given its cost of living is below the national average. While slightly under the national average salary, the lower cost of living enhances its attractiveness.

Is Minnesota a good place to live for Management Occupations?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($119,300) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does Minnesota's management salary compare to the national average?

The average annual salary for Management Occupations in Minnesota is $137,180, which is approximately 4.7% lower than the national average of $143,930.

What is the concentration of Management Occupations in Minnesota?

Minnesota has a Location Quotient of 0.96 for Management Occupations, indicating that these roles are nearly as concentrated in the state as they are across the entire nation.

How does the cost of living in Minnesota affect the salary?

With a Cost of Living Index of 94.4, Minnesota is more affordable than the national average (100). This means the $137,180 salary likely offers better purchasing power than it would in a higher-cost state.

What is the total number of management jobs in Minnesota?

There are approximately 200,060 individuals employed in Management Occupations within Minnesota, representing a significant portion of the state's workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200,060 employees in the Minnesota area with a job density of 68.502 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Minnesota