Average Sales and Related Occupations Salary in Mankato, MN
In Mankato, MN, professionals in Sales and Related Occupations earn an average annual salary of $45,830. This figure is notably below the national average of $54,110, suggesting that local market dynamics and economic factors specific to Mankato influence compensation levels for these roles. The cost of living in Mankato is precisely at the national average, meaning the purchasing power of this salary is consistent with the rest of the country.
Executive Summary
- Average Salary: $45,830 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,780.
- Outlook: Mankato's market for Sales and Related Occupations shows a stable presence, with a total local workforce of 4,910 individuals in these roles. The Location Quotient of 1.02 indicates that this sector is slightly more concentrated in Mankato than the national average, suggesting a steady, albeit not rapidly expanding, demand for sales professionals within the region.
Salary Overview
The average Sales and Related Occupations in Mankato, MN earns-15.3%below the national average.
$22
$881
$3,819
Sales and Related Occupations Salary Trends (2020-2024)
While specific historical data for Mankato's sales sector isn't provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic recovery and evolving sales strategies likely contributed to incremental increases in compensation, aiming to keep pace with inflation and market demands.
Sales and Related Occupations Salary Distribution in Mankato, MN
Within the Sales and Related Occupations field in Mankato, career progression significantly impacts earning potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify opportunities for advancement and increased remuneration as one moves up the career ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $28,380 | $13.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $34,373 | $16.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $35,760 | $17.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $57,288 | $27.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $74,780 | $36 |
Detailed Sales and Related Occupations Market Analysis
Relocation Context
Nominal Salary
$45,830
Gross Pay
Real Wage (Purchasing Power)
$45,830
Adjusted for COL (100)
The average annual salary of $45,830 in Mankato aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of this income in Mankato is equivalent to the national average, offering a stable financial foundation for residents.
Job Market Context
4,910
Total Jobs
88.639
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Mankato, MN has a slightly higher-than-average concentration of Sales and Related Occupations roles compared to the national norm.
With a Location Quotient of 1.02, the market for Sales and Related Occupations in Mankato is very close to the national average in terms of concentration. This suggests a balanced job market where demand and supply are relatively stable. While not an exceptionally high concentration, it indicates a consistent need for sales professionals without overwhelming competition.
Nearby Job Markets
Nearby Cities for Sales and Related Occupations
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Sales and Related Occupations Salary | $60,290↑ 32% | 66 mi |
| Rochester, MN Sales and Related Occupations Salary | $48,210↑ 5% | 75 mi |
| St. Cloud, MN Sales and Related Occupations Salary | $48,510↑ 6% | 95 mi |
Comparing salaries near Mankato, MN
Hiring Sales and Related Occupationss?
Frequently Asked Questions
How much does a Sales and Related Occupations make in Mankato, MN?
The median annual salary for a Sales and Related Occupations in Mankato, MN is $45,830. This typically ranges from $28,380 for entry-level positions to $74,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 15.3% lower than the national median of $54,110.
Is Mankato, MN a lucrative place for Sales and Related Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $45,830 is below the national average of $54,110, although the cost of living is on par with the national average.
Is Mankato, MN a good place to live for Sales and Related Occupations?
The Cost of Living Index in Mankato, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mankato, MN?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($60,290) and Rochester, MN.
How does Mankato's sales salary compare to the national average?
The average annual salary for Sales and Related Occupations in Mankato is $45,830, which is lower than the national average of $54,110.
What is the Cost of Living in Mankato, MN?
Mankato's Cost of Living Index is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
Is there high demand for sales professionals in Mankato?
The Location Quotient of 1.02 suggests a slightly higher concentration of sales jobs than the national average, indicating a stable and consistent demand.
How many people work in Sales and Related Occupations in Mankato?
There are approximately 4,910 individuals employed in Sales and Related Occupations within the Mankato area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,910 employees in the Mankato, MN area with a job density of 88.639 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Sales and Related Occupations • Data source: BLS OEWS 2024 •Jobs in Mankato, MN