Average Residential Advisors Salary in Northwest Minnesota nonmetropolitan area
Residential Advisors in the Northwest Minnesota nonmetropolitan area earn an average annual salary of $45,020. This figure notably surpasses the national average of $41,320, suggesting that regional demand and specific economic factors in this nonmetropolitan setting contribute to a higher compensation for this role. The unique characteristics of the area likely influence the pay scale for these essential positions.
Executive Summary
- Average Salary: $45,020 per year.
- Growth Trend: Salaries have shifted 16.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,240.
- Outlook: The job market for Residential Advisors in Northwest Minnesota appears robust, indicated by a substantial Location Quotient of 2.98. This signifies a concentration of these roles nearly three times the national average. With 1.601 jobs per 1,000 workers and a local workforce of 310 dedicated to this profession, demand is clearly elevated, pointing to a stable and potentially growing employment landscape for Residential Advisors in the region.
Salary Overview
The average Residential Advisors in Northwest Minnesota nonmetropolitan area earns+9.0%above the national average.
$21.7
$866
$3,752
Residential Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Residential Advisors in Northwest Minnesota have experienced growth over the past four years, mirroring general economic trends and inflation. Increases in the cost of living, coupled with sustained or growing demand for these services, typically drive upward adjustments in compensation, ensuring that pay remains competitive within the local market.
Residential Advisors Salary Distribution in Northwest Minnesota nonmetropolitan area
Career progression for Residential Advisors in Northwest Minnesota typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects opportunities for advancement and increased responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $35,610 | $17.1 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $33,765 | $16.2 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $45,690 | $22 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $56,275 | $27.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $55,240 | $26.6 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$45,020
Gross Pay
Real Wage (Purchasing Power)
$45,020
Adjusted for COL (100)
The average annual salary of $45,020 for Residential Advisors in Northwest Minnesota aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, indicating a balanced economic environment where earnings effectively cover typical living expenses without a significant premium or discount.
Job Market Context
310
Total Jobs
1.601
Per 1K Jobs
2.98
Location Quotient
Northwest Minnesota nonmetropolitan area has 3.0x 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.
Northwest Minnesota boasts a highly concentrated market for Residential Advisors, evidenced by a Location Quotient of 2.98. This significantly elevated concentration suggests that the demand for these professionals is disproportionately high compared to the national average. Such a strong local presence indicates a specialized need within the region, potentially leading to greater job security and opportunities for those in this field.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Residential Advisors Salary | $46,300↑ 3% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Residential Advisors Salary | $48,470↑ 8% | 58 mi |
Comparing salaries near Northwest Minnesota nonmetropolitan area
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Northwest Minnesota nonmetropolitan area?
The median annual salary for a Residential Advisors in Northwest Minnesota nonmetropolitan area is $45,020. This typically ranges from $35,610 for entry-level positions to $55,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Minnesota nonmetropolitan area is 9.0% higher than the national median of $41,320.
Is Northwest Minnesota nonmetropolitan area a lucrative place for Residential Advisors?
Yes, it is a lucrative place for Residential Advisors.The average salary of $45,020 is higher than the national average, and the strong location quotient of 2.98 indicates high demand relative to the national level.
Is Northwest Minnesota nonmetropolitan area a good place to live for Residential Advisors?
The Cost of Living Index in Northwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($46,300) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the salary compare to the national average?
The average annual salary for Residential Advisors in Northwest Minnesota is $45,020, which is $3,700 higher than the national average of $41,320.
What is the cost of living in Northwest Minnesota?
The cost of living in Northwest Minnesota is at the national average, with an index of 100. This means that the $45,020 salary offers purchasing power equivalent to the national average.
How concentrated are Residential Advisor jobs in this area?
The job market is highly concentrated, with a Location Quotient of 2.98, meaning there are nearly three times as many Residential Advisor jobs per worker as the national average.
What is the total number of Residential Advisors in this region?
There are approximately 310 Residential Advisors employed in the Northwest 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 310 employees in the Northwest Minnesota nonmetropolitan area area with a job density of 1.601 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 Northwest Minnesota nonmetropolitan area