SOC 11-3031 · May 2025 · BLS OEWS
Financial Managers — Southwest Minnesota
Southwest Minnesota nonmetropolitan area · 5 metro areas compared
In Southwest Minnesota, MN the median wage is $125,920.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
In Southwest Minnesota, MN the median wage is $125,920. That is 24.4% lower than the national median of $166,570. The middle half of workers in this occupation earn between $102,550 and $163,180. The lowest tenth earn under $79,840, while the highest tenth earn more than $219,020.
The area has 390 jobs in this occupation, giving a location quotient of 0.62 — a measure of how concentrated the occupation is here relative to the country as a whole. Minneapolis leads the state's metro areas for this occupation, at $165,620. Set against every other occupation measured in the same area, it ranks 13th of 331 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $79,840 | −52.1% |
| 25th | $102,550 | −38.4% |
| Median (50th) | $125,920 | −24.4% |
| 75th | $163,180 | −2.0% |
| 90th | $219,020 | +31.5% |
| Mean | $145,950 | −12.4% |
Other metro areas in Minnesota
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Minneapolis | $165,620 | 12,460 | |
| 2 | Rochester | $158,570 | 390 | |
| 3 | St. Cloud | $135,760 | 490 | |
| 4 | Mankato | $134,710 | 210 | |
| 5 | Duluth | $126,800 | 420 |
What the pay is worth locally
Prices in Southwest Minnesota sit close to the national average, so $125,920 is worth roughly its face value against pay elsewhere.
Published median
$125,920as reported by BLSLocal price level
98.6US average = 100 · BEA 2024Adjusted for local prices
$127,708US average = 100 · BEA 2024Key takeaways
- Median pay is $125,920 a year, 24.4% below the national median.
- Published pay spans $79,840 to $219,020 between the tenth and ninetieth percentiles.
- The area has 390 jobs in this occupation.
- The highest-paying metro area covered is Minneapolis, at $165,620.
Frequently asked questions
What is the median wage for Financial Managers in Southwest Minnesota, MN?
The median annual wage is $125,920, or $60.54 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $166,570, so pay in Southwest Minnesota, MN is 24.4% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Southwest Minnesota, MN earns more than $219,020 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $79,840 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Minneapolis, at $165,620 per year.
How many jobs are there in this occupation here?
The survey estimates 390 jobs in this occupation in Southwest Minnesota, MN. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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