SalaryNode

Average Management Occupations Salary in Southeast Minnesota nonmetropolitan area

Management Occupations in the Southeast Minnesota nonmetropolitan area command an average annual salary of $118,930. This figure is notably below the national average of $143,930, suggesting that regional economic factors and industry concentration play a significant role in compensation within this locale.

Executive Summary

  • Average Salary: $118,930 per year.
  • Growth Trend: Salaries have shifted 20.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $198,210.
  • Outlook: With a local workforce of 8,520 individuals in Management Occupations, and a jobs-per-1,000-workers ratio of 55.69, the sector demonstrates a substantial presence. The Location Quotient of 0.78 indicates that management roles are slightly less concentrated here compared to the national average, suggesting a stable but not overly saturated job market.
2024 Market Data

Salary Overview

$118,930

The average Management Occupations in Southeast Minnesota nonmetropolitan area earns-17.4%below the national average.

BreakdownBased on 40h/week
Hourly

$57.2

Weekly

$2,287

Monthly

$9,911

Management Occupations Salary Distribution in Southeast Minnesota nonmetropolitan area

Salary progression within Management Occupations is strongly tied to experience. Entry-level positions typically fall within the lower percentiles, while senior management roles command salaries in the upper percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and the increasing value placed on seasoned leadership.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,750$24.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$89,198$42.9
ManagerOversees team, compliance, and project delivery.50% (Median)$103,500$49.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$148,663$71.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$198,210$95.3

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$118,930

Gross Pay

Real Wage (Purchasing Power)

$118,930

Adjusted for COL (100)

The average annual salary of $118,930 in Southeast Minnesota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a balanced financial landscape for residents.

Job Market Context

8,520

Total Jobs

55.69

Per 1K Jobs

0.78

Location Quotient

Below Average

Southeast Minnesota nonmetropolitan area has 0.78x 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 0.78 for Management Occupations in Southeast Minnesota nonmetropolitan area suggests that this sector is slightly underrepresented compared to the national average. This could indicate a less competitive market for management talent, potentially offering more opportunities for skilled professionals or a need for increased recruitment.

Nearby Job Markets

Nearby Cities for Management Occupations

Comparing salaries near Southeast Minnesota nonmetropolitan area

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Southeast Minnesota nonmetropolitan area?

The median annual salary for a Management Occupations in Southeast Minnesota nonmetropolitan area is $118,930. This typically ranges from $50,750 for entry-level positions to $198,210 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 17.4% lower than the national median of $143,930.

Is Southeast Minnesota nonmetropolitan area a lucrative place for Management Occupationss?

No, it is not as lucrative as the national average.The average salary of $118,930 is below the national average of $143,930, though the cost of living is at the national average.

Is Southeast Minnesota nonmetropolitan area a good place to live for Management Occupations?

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 ($119,300) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does the Southeast Minnesota management salary compare to the national average?

The average annual salary for Management Occupations in Southeast Minnesota nonmetropolitan area is $118,930, which is $25,000 less than the national average of $143,930.

What is the concentration of Management Occupations in Southeast Minnesota?

The Location Quotient is 0.78, indicating that management roles are slightly less concentrated in this region compared to the national average.

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

The Cost of Living Index is 100, meaning it is the same as the national average. Therefore, the $118,930 salary has the same purchasing power as the national average salary.

What is the size of the management workforce in Southeast Minnesota?

There are 8,520 individuals employed in Management Occupations in the Southeast Minnesota nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,520 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 55.69 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.