Average Management Occupations Salary in Southwest Minnesota nonmetropolitan area
Management Occupations in the Southwest Minnesota nonmetropolitan area command an average annual salary of $109,890. This figure is notably below the national average of $143,930, reflecting the unique economic drivers and demand specific to this region. Factors such as local industry concentration and the overall economic landscape of nonmetropolitan areas contribute to this pay differential.
Executive Summary
- Average Salary: $109,890 per year.
- Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $176,120.
- Outlook: With a total local workforce of 6,170 individuals in Management Occupations, the presence of this sector is significant within the Southwest Minnesota nonmetropolitan area. The location quotient of 0.74 suggests that while management roles are present, they are slightly less concentrated than the national average, indicating a potentially stable but not overly saturated job market for these professionals.
Salary Overview
The average Management Occupations in Southwest Minnesota nonmetropolitan area earns-23.7%below the national average.
$52.8
$2,113
$9,158
Management Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally observed that salaries for Management Occupations nationwide have seen consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for skilled leadership, and the evolving complexities of business operations, which are likely to have influenced local compensation to some degree.
Management Occupations Salary Distribution in Southwest Minnesota nonmetropolitan area
The salary spectrum for Management Occupations typically widens significantly with experience. Entry-level positions will naturally fall at the lower end of the pay scale, while senior management roles, requiring extensive experience and proven leadership capabilities, command substantially higher compensation. The percentile gaps in salary distribution are a clear indicator of career progression opportunities and the value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,980 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $82,418 | $39.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,140 | $47.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $137,363 | $66 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $176,120 | $84.7 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$109,890
Gross Pay
Real Wage (Purchasing Power)
$109,890
Adjusted for COL (100)
The average annual salary of $109,890 in Southwest Minnesota nonmetropolitan area 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 region is equivalent to that of someone earning the national average in a similarly priced area, offering a stable financial foundation for residents.
Job Market Context
6,170
Total Jobs
52.33
Per 1K Jobs
0.74
Location Quotient
Southwest Minnesota nonmetropolitan area has 0.74x 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 0.74 for Management Occupations in Southwest Minnesota nonmetropolitan area indicates a slightly lower concentration of these roles compared to the national average. This suggests that while management positions are an integral part of the local economy, the job market may offer fewer opportunities relative to the overall workforce compared to more densely populated or industry-specific national hubs.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Management Occupations Salary | $119,300↑ 9% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Management Occupations Salary | $145,610↑ 33% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Management Occupations in Southwest Minnesota nonmetropolitan area is $109,890. This typically ranges from $47,980 for entry-level positions to $176,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 23.7% lower than the national median of $143,930.
Is Southwest Minnesota nonmetropolitan area a lucrative place for Management Occupationss?
No, not when compared to the national average.While the average salary of $109,890 is substantial, it falls significantly below the national average of $143,930. However, the cost of living is on par with the national average, making the nominal salary's purchasing power comparable.
Is Southwest Minnesota nonmetropolitan area a good place to live for Management Occupations?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($119,300) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the number of management jobs per 1,000 workers compare nationally?
With 52.33 jobs per 1,000 workers, the Southwest Minnesota nonmetropolitan area has a slightly lower concentration of management occupations compared to the national average, which typically hovers around the benchmark of 1.0 for location quotient.
What is the total number of management professionals in this region?
The Southwest Minnesota nonmetropolitan area is home to approximately 6,170 individuals employed in Management Occupations, representing a key segment of the local professional workforce.
Does the cost of living affect the real value of management salaries in this area?
No, the cost of living index is exactly 100, which is the national average. This means the $109,890 salary has the same purchasing power as a national average salary in a typical U.S. location.
How competitive is the job market for management roles in Southwest Minnesota nonmetropolitan area?
With a location quotient of 0.74, the market is slightly less concentrated than the national average, suggesting moderate competition and potentially good opportunities for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,170 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 52.33 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 Southwest Minnesota nonmetropolitan area