Average Nurse Practitioners Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Nurse Practitioners in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an average annual salary of $128,740. This figure is slightly below the national average of $131,710, suggesting a nuanced compensation landscape influenced by regional economic factors and demand. The local market's specific needs and the cost of living contribute to this compensation structure.
Executive Summary
- Average Salary: $128,740 per year.
- Growth Trend: Salaries have shifted 7.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,660.
- Outlook: With a substantial local workforce of 5,680 Nurse Practitioners, the Minneapolis-St. Paul area demonstrates a significant presence of these healthcare professionals. The Location Quotient of 1.48 indicates a concentration of jobs in this region that is 48% higher than the national average, signaling robust demand and a potentially thriving job market for Nurse Practitioners.
Salary Overview
The average Nurse Practitioners in Minneapolis-St. Paul-Bloomington, MN-WI earns-2.3%below the national average.
$61.9
$2,476
$10,728
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Nurse Practitioners across the nation, including in Minneapolis-St. Paul, have experienced steady growth over the past four years. This trend is driven by increasing demand for advanced practice registered nurses, evolving healthcare roles, and inflationary pressures, likely resulting in higher average earnings today compared to previous years.
Nurse Practitioners Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for Nurse Practitioners in Minneapolis-St. Paul typically correlates with experience and specialization. Entry-level positions may command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, potentially reaching the higher percentiles. The gap between entry-level and senior roles reflects the value placed on accumulated knowledge and expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $98,440 | $47.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $96,555 | $46.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $128,570 | $61.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $160,925 | $77.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $163,660 | $78.7 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$128,740
Gross Pay
Real Wage (Purchasing Power)
$128,740
Adjusted for COL (100)
The average annual salary of $128,740 for Nurse Practitioners in Minneapolis-St. Paul aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Nurse Practitioner's salary in this metropolitan area is equivalent to the national average, indicating a balanced economic environment where earnings effectively meet living expenses.
Job Market Context
5,680
Total Jobs
2.942
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.
The Location Quotient of 1.48 for Nurse Practitioners in Minneapolis-St. Paul-Bloomington signifies a notably higher concentration of these professionals compared to the national average. This suggests that the region has a strong demand for Nurse Practitioners, potentially leading to a competitive job market where employers actively seek qualified candidates, and opportunities for career advancement may be more abundant.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Nurse Practitioners Salary | $132,280↑ 3% | 58 mi |
| Southeast Minnesota nonmetropolitan area Nurse Practitioners Salary | $142,020↑ 10% | 58 mi |
| Southwest Minnesota nonmetropolitan area Nurse Practitioners Salary | $134,050↑ 4% | 58 mi |
| Northeast Minnesota nonmetropolitan area Nurse Practitioners Salary | $137,670↑ 7% | 58 mi |
| St. Cloud, MN Nurse Practitioners Salary | $128,890↑ 0% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Nurse Practitioners make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Nurse Practitioners in Minneapolis-St. Paul-Bloomington, MN-WI is $128,740. This typically ranges from $98,440 for entry-level positions to $163,660 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 2.3% lower than the national median of $131,710.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Nurse Practitioners?
Yes, with a balanced cost of living.Nurse Practitioners earn a competitive $128,740, which aligns with the national average cost of living, making it a financially stable location.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Nurse Practitioners?
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 ($132,280) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul NP salary compare to the national average?
The average annual salary for Nurse Practitioners in Minneapolis-St. Paul is $128,740, which is slightly lower than the national average of $131,710.
Is there high demand for Nurse Practitioners in Minneapolis-St. Paul?
Yes, the Location Quotient of 1.48 indicates a concentration of Nurse Practitioner jobs 48% higher than the national average, suggesting strong regional demand.
What is the total number of Nurse Practitioners in the Minneapolis-St. Paul area?
The Minneapolis-St. Paul-Bloomington metropolitan area employs a total of 5,680 Nurse Practitioners.
How does the cost of living in Minneapolis-St. Paul affect NP salaries?
The cost of living in Minneapolis-St. Paul is at the national average (index of 100), meaning the $128,740 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,680 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 2.942 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Minneapolis-St. Paul-Bloomington, MN-WI