Average Tax Preparers Salary in Southwest Minnesota nonmetropolitan area
Yes, Southwest Minnesota nonmetropolitan area is a highly lucrative market for Tax Preparerss. With an average annual salary of $84,650, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $84,650 per year.
- Growth Trend: Salaries have shifted 59.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,760.
- Outlook: The current demand for Tax Preparerss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Southwest Minnesota nonmetropolitan area economy.
Salary Overview
The average Tax Preparers in Southwest Minnesota nonmetropolitan area earns+43.8%above the national average.
$40.7
$1,628
$7,054
Tax Preparers Salary Trends (2020-2024)
Over the past 4 years, Tax Preparers salaries in Southwest Minnesota nonmetropolitan area have experienced a rapid surge, growing by 59.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Tax Preparers Salary Distribution in Southwest Minnesota nonmetropolitan area
The earning potential for Tax Preparerss in Southwest Minnesota nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,820, while highly experienced professionals can command wages upwards of $123,760.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,820 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,488 | $30.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,260 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,813 | $50.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,760 | $59.5 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$84,650
Gross Pay
Real Wage (Purchasing Power)
$84,650
Adjusted for COL (100)
In Southwest Minnesota nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $84,650 to $84,650.
Job Market Context
40
Total Jobs
0.324
Per 1K Jobs
0.68
Location Quotient
Southwest Minnesota nonmetropolitan area has 0.68x the national average concentration of Tax Preparers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
40 people work as Tax Preparers in Southwest Minnesota nonmetropolitan area.
Only 0.324 out of every 1,000 local jobs are Tax Preparers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Tax Preparers Salary | $75,810↓ 10% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Tax Preparers Salary | $74,060↓ 13% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Tax Preparers in Southwest Minnesota nonmetropolitan area is $84,650. This typically ranges from $35,820 for entry-level positions to $123,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 43.8% higher than the national median of $58,860.
Is Southwest Minnesota nonmetropolitan area a good place for Tax Preparerss?
Yes, Southwest Minnesota nonmetropolitan area is financially attractive for Tax Preparerss. The average salary of $84,650 exceeds the national average. See distinct detailed breakdown below.
Is Southwest Minnesota nonmetropolitan area a good place to live for Tax Preparers?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($75,810) and Minneapolis-St. Paul-Bloomington, MN-WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 0.324 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Tax Preparers • Data source: BLS OEWS 2024 •Jobs in Southwest Minnesota nonmetropolitan area