Average Management Occupations Salary in Minot, ND
Management Occupations in Minot, North Dakota, command an average annual salary of $107,870. This figure is notably below the national average of $143,930, reflecting regional economic factors and industry demand specific to the Minot area. The local job market dynamics and the concentration of specific industries significantly influence compensation levels for management roles.
Executive Summary
- Average Salary: $107,870 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,040.
- Outlook: With a local workforce of 2,040 individuals in Management Occupations and a Location Quotient of 0.86, Minot presents a moderately concentrated job market. While not exceeding the national average in terms of concentration, the presence of nearly 61 management jobs per 1,000 workers indicates a stable and consistent demand for leadership roles within the region's economic landscape.
Salary Overview
The average Management Occupations in Minot, ND earns-25.1%below the national average.
$51.9
$2,074
$8,989
Management Occupations Salary Trends (2020-2024)
While specific historical data for Minot's Management Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic development and the increasing complexity of business operations typically drive up demand and compensation for skilled management professionals, suggesting a positive trajectory for those in this field.
Management Occupations Salary Distribution in Minot, ND
Salaries for Management Occupations in Minot, like elsewhere, are significantly influenced by experience. Entry-level positions will likely fall towards the lower percentiles of the $107,870 average, while senior executives and those with extensive leadership experience can expect to earn substantially more, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies substantial career progression and earning potential within the management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,310 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,903 | $38.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,550 | $45.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $134,838 | $64.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,040 | $83.2 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$107,870
Gross Pay
Real Wage (Purchasing Power)
$107,870
Adjusted for COL (100)
The average annual salary of $107,870 in Minot 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 Minot is equivalent to the national average, offering a stable financial environment without the added pressure of a high cost of living.
Job Market Context
2,040
Total Jobs
60.854
Per 1K Jobs
0.86
Location Quotient
Minot, ND has 0.86x 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.
A Location Quotient of 0.86 for Management Occupations in Minot suggests that this sector is slightly less concentrated than the national average. This indicates a competitive market where skilled management professionals may find opportunities, but the demand is not overwhelmingly high compared to national benchmarks, implying a balanced job market.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Management Occupations Salary | $117,090↑ 9% | 85 mi |
| East North Dakota nonmetropolitan area Management Occupations Salary | $109,410↑ 1% | 85 mi |
Comparing salaries near Minot, ND
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Minot, ND?
The median annual salary for a Management Occupations in Minot, ND is $107,870. This typically ranges from $50,310 for entry-level positions to $173,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minot, ND is 25.1% lower than the national median of $143,930.
Is Minot, ND a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $107,870 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Minot, ND a good place to live for Management Occupations?
The Cost of Living Index in Minot, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minot, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($117,090) and East North Dakota nonmetropolitan area.
How does Minot's management salary compare to the national average?
The average annual salary for Management Occupations in Minot is $107,870, which is 25% lower than the national average of $143,930.
What is the concentration of Management Occupations in Minot?
Minot has a Location Quotient of 0.86 for Management Occupations, indicating that the field is slightly less concentrated than the national average.
How does the cost of living in Minot affect the salary?
Minot's Cost of Living Index is 100, which is the national average. This means that the $107,870 salary has the same purchasing power as the national average salary.
What is the job availability for management roles in Minot?
There are approximately 60.854 Management Occupations jobs per 1,000 workers in Minot, suggesting a steady presence of management roles within the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,040 employees in the Minot, ND area with a job density of 60.854 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 Minot, ND