What is the average salary in Minnesota?
Learn about the average salaries and highest paying counties in Minnesota.
Minnesota is a great place to live and work, with a strong economy and diverse industries.
According to the Bureau of Economic Analysis, Minnesota has a cost of living index of 101.6, just slightly above the national average of 100.
Overall the cost of living in Minnesota is relatively affordable.
Whether you are a resident or considering a move to Minnesota, understanding the financial landscape can help you make informed decisions.
What is a good salary in Minnesota?
The median income in Minnesota is $56,400.
Defining ‘good’ relies on all sorts of variable factors, including industry, location and age. These should be taken into account when determining a 'good' salary.
What is the average salary in Minnesota by age?
Alongside location and occupation, salaries in Minnesota are also dependent on age since more senior workers will be paid more. Then, when they retire, their income will dip again as they will rely on pensions and other forms of set income.
According to the Census Bureau data, householders under 25 in Minnesota have a median income of $37,222; householders aged 25 to 44 years old have a median income of $68,128; those aged 45 to 64 years old have a median income of $78,643; and those 65 and older have a median income of $50,237.
What is the average salary in Minnesota by hour?
If Americans work an average of 1,801 hours per year — at 37.5 hours a week — then the average hourly salary in Minnesota is $27.12.
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What is the average salary by city in Minnesota?
City living is often more expensive than living in more rural areas, but it’s also where the money is. Minnesota’s own cities can vary massively in average salary; cities like Woodbury and Eden Prairie command upwards of $90,000, while Duluth’s average sits below $45,000.
Average earnings by city — or any other geographical metric — is just one way of calculating wealth, and certainly shouldn’t be the only way you look at your own earning potential in a given place. It doesn’t take into account the type of jobs that people do to earn above or below this average bracket, and omits any consideration for the number of people living in a household. However, it’s certainly one way of establishing which place offers good earning opportunities.
The US Census Bureau’s latest American Community Survey has calculated the average earnings for the largest cities in Minnesota, which you can find ranked below.
|City||Average household income|
What is the average salary by county in Minnesota?
Reviewing average salaries in Minnesota by city is not necessarily an adequate metric for average salaries across the state, since it’s entirely urban-focused. A good idea is to weigh these figures up against the average salary in Minnesota by county, as this will take areas outside the main cities into account and offer a broader idea of salary ranges.
The same survey from the US Census Bureau gives further insight this way, with the average household income calculated for each county.
|County||Average Household Income|
|Lake of the Woods||$46,080|
|Lac qui Parle||$45,550|
What are the highest paying jobs in Minnesota?
There’s another weighty factor that will influence how much you earn if you live in Minnesota: your job type. Average salaries for various sectors and job roles can vary massively across the state, so it’s absolutely something to consider when looking at salaries by location.
Zippia has calculated a comprehensive list of annual salaries by occupation area, which you can also find below.
|Chief Medical Officer||$216,096|
|Finance Services Director||$215,904|
|Associate Medical Director||$198,572|
|Primary Care Physician||$198,305|
|President Of Operations||$197,766|
|Senior Vice President-Operations||$196,986|
|Acute Care Physician||$191,404|
|Resident Physician In Radiology||$189,713|
|Executive Vice President Marketing||$187,413|
|Vice President, Field Operations||$186,211|
|Executive Vice President||$183,975|
|Certified Registered Nurse Anesthetist||$181,454|
|Chief Administrative Officer||$181,415|
|Vice President, Products & Marketing||$178,774|
|President & Chief Operating Officer||$177,165|
|Clinical Physician Assistant||$174,833|
|Medical Staff Physician||$174,579|
|Public Health Physician||$169,581|
|Vice President Product Development||$169,186|
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Charlie Barton is a writer at Unbiased. He has been writing about personal finance and investing since 2017, with extensive knowledge of platforms and products. Charlie has a first-class degree from the London School of Economics.