Average Residential Advisors Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Residential Advisors in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an impressive average annual salary of $48,470. This figure significantly surpasses the national average of $41,320, indicating a strong local demand and potentially higher cost of operations or living that influences compensation. The robust pay reflects the specialized nature of the role and the economic conditions within this specific region.
Executive Summary
- Average Salary: $48,470 per year.
- Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,650.
- Outlook: The Minneapolis-St. Paul-Bloomington area demonstrates a healthy job market for Residential Advisors, with a total local workforce of 2,020 professionals. The Location Quotient of 1.94 suggests that this role is more than twice as concentrated in this region compared to the national average, pointing to a robust and sustained demand for these services.
Salary Overview
The average Residential Advisors in Minneapolis-St. Paul-Bloomington, MN-WI earns+17.3%above the national average.
$23.3
$932
$4,039
Residential Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Residential Advisors in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends in the service and support sectors. Economic factors and increasing demand likely contribute to a positive trajectory for compensation in this field.
Residential Advisors Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for Residential Advisors typically correlates with experience and demonstrated skill. Entry-level positions may start closer to the lower end of the pay scale, while senior or specialized roles command higher salaries. The percentile gaps in compensation reflect the career ladder, rewarding individuals with more years of service and advanced responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $40,220 | $19.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $36,353 | $17.5 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $48,010 | $23.1 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $60,588 | $29.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $58,650 | $28.2 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$48,470
Gross Pay
Real Wage (Purchasing Power)
$48,470
Adjusted for COL (100)
The average annual salary of $48,470 in Minneapolis-St. Paul-Bloomington aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
2,020
Total Jobs
1.044
Per 1K Jobs
1.94
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 1.9x the national concentration of Residential Advisors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.94, the Minneapolis-St. Paul-Bloomington metropolitan area exhibits a significantly higher concentration of Residential Advisors than the national average. This suggests a competitive market where demand is strong, potentially leading to more job opportunities and favorable negotiation power for qualified candidates.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Residential Advisors Salary | $45,020↓ 7% | 58 mi |
| Southeast Minnesota nonmetropolitan area Residential Advisors Salary | $44,270↓ 9% | 58 mi |
| Southwest Minnesota nonmetropolitan area Residential Advisors Salary | $48,080↓ 1% | 58 mi |
| Northeast Minnesota nonmetropolitan area Residential Advisors Salary | $47,260↓ 2% | 58 mi |
| St. Cloud, MN Residential Advisors Salary | $46,300↓ 4% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Residential Advisors in Minneapolis-St. Paul-Bloomington, MN-WI is $48,470. This typically ranges from $40,220 for entry-level positions to $58,650 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 17.3% higher than the national median of $41,320.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Residential Advisors?
Yes, it is a lucrative area for Residential Advisors.The average salary of $48,470 is substantially higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Residential Advisors?
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 ($45,020) and Southeast Minnesota nonmetropolitan area.
How does the local workforce size impact job availability for Residential Advisors?
A local workforce of 2,020 indicates a substantial existing pool of professionals, suggesting a well-established sector with ongoing opportunities for both new entrants and experienced individuals.
What does a Location Quotient of 1.94 mean for Residential Advisors in Minneapolis?
A Location Quotient of 1.94 signifies that Residential Advisors are more than twice as common in Minneapolis-St. Paul-Bloomington compared to the national average, highlighting a strong regional demand for this profession.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average salary of $48,470 in Minneapolis-St. Paul-Bloomington is approximately 17% higher than the national average of $41,320 for Residential Advisors.
Is the cost of living a factor when considering the Residential Advisor salary in Minneapolis?
No, the cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (100), meaning the higher salary translates directly to strong purchasing power for residents.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,020 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 1.044 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Minneapolis-St. Paul-Bloomington, MN-WI