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Average Residential Advisors Salary in Minnesota

Residential Advisors in Minnesota earn an average annual salary of $47,350, significantly higher than the national average of $41,320. This elevated compensation is often driven by the state's specific economic conditions and a robust demand for these essential roles within the community.

Executive Summary

  • Average Salary: $47,350 per year.
  • Growth Trend: Salaries have shifted 15.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $57,810.
  • Outlook: With a substantial local workforce of 3,580 Residential Advisors, Minnesota demonstrates a strong presence in this field. The Location Quotient of 2.28 indicates a concentration of these jobs nearly 2.3 times the national average, suggesting robust demand and a healthy job market for professionals in this sector.
2024 Market Data

Salary Overview

$47,350

The average Residential Advisors in Minnesota earns+14.6%above the national average.

BreakdownBased on 40h/week
Hourly

$22.8

Weekly

$911

Monthly

$3,946

Residential Advisors Salary Distribution in Minnesota

Career progression for Residential Advisors in Minnesota typically involves a noticeable salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior or lead roles command salaries in the higher percentiles. These percentile gaps highlight the financial rewards associated with gaining expertise and taking on greater responsibilities within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$38,870$18.7
ExperiencedProficient professional working independently.25% (Junior)$35,513$17.1
Mid-LevelEstablished expert. Standard market value.50% (Median)$46,800$22.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$59,188$28.5
Top TierIndustry leader / Executive level compensation.90% (Expert)$57,810$27.8

Detailed Residential Advisors Market Analysis

Relocation Context

Nominal Salary

$47,350

Gross Pay

Real Wage (Purchasing Power)

$50,159

Adjusted for COL (94.4)

The average annual salary of $47,350 in Minnesota presents a favorable financial standing when considering the local Cost of Living Index of 94.4. This index is slightly below the national average (100), suggesting that the higher nominal salary in Minnesota offers a good purchasing power, potentially allowing for a comfortable lifestyle relative to national standards.

Job Market Context

3,580

Total Jobs

1.225

Per 1K Jobs

2.28

Location Quotient

Major Hub

Minnesota has 2.3x 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.

A Location Quotient of 2.28 signifies that Minnesota has a significantly higher concentration of Residential Advisor jobs compared to the national average. This indicates a robust and potentially competitive market where employers actively seek these professionals, offering ample opportunities for job seekers and suggesting a strong demand that outpaces the national trend.

Nearby Job Markets

Nearby Cities for Residential Advisors

CitySalaryDist.
St. Cloud, MN Residential Advisors Salary$46,300↓ 2%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Residential Advisors Salary$48,470↑ 2%58 mi

Comparing salaries near Minnesota

Hiring Residential Advisorss?

Frequently Asked Questions

How much does a Residential Advisors make in Minnesota?

The median annual salary for a Residential Advisors in Minnesota is $47,350. This typically ranges from $38,870 for entry-level positions to $57,810 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 14.6% higher than the national median of $41,320.

Is Minnesota a lucrative place for Residential Advisors?

Yes, Minnesota offers a lucrative environment for Residential Advisors.The average salary of $47,350 significantly surpasses the national average, and the cost of living is below the national average, enhancing purchasing power.

Is Minnesota a good place to live for Residential Advisors?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($46,300) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does Minnesota's Residential Advisor salary compare to the national average?

Residential Advisors in Minnesota earn an average of $47,350 annually, which is $6,030 more than the national average of $41,320.

What is the concentration of Residential Advisor jobs in Minnesota?

Minnesota has a high concentration of Residential Advisor jobs, indicated by a Location Quotient of 2.28, meaning the jobs are more than twice as common as the national average.

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

With a Cost of Living Index of 94.4, Minnesota is slightly cheaper than the national average, making the higher average salary of $47,350 more valuable in terms of purchasing power.

What does the total workforce number suggest about the job market?

A total local workforce of 3,580 indicates a substantial and established presence of Residential Advisors in Minnesota, suggesting a stable job market with ongoing demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,580 employees in the Minnesota area with a job density of 1.225 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Minnesota