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Financial Manager Salary Information in Mankato-North Mankato, Minnesota

The annual and hourly salary statistics of financial managers in Mankato-North Mankato, Minnesota are shown in Table 1 and Table 2, respectively. The wage data of financial managers in Mankato-North Mankato is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & Table 2. Annual & Hourly Salaries of Financial Managers in Mankato-North Mankato, Minnesota

Percentile BracketAverage Annual Salary
10th Percentile Wage
$62,490
25th Percentile Wage
$83,340
50th Percentile Wage
$100,780
75th Percentile Wage
$126,040
90th Percentile Wage
$165,860

Table 1 shows the average annual salary for financial managers in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $165,860. The median (50th percentile) annual salary is $100,780. The average annual salary for the bottom 10 percent earners is $62,490.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$30.05
25th Percentile Wage
$40.07
50th Percentile Wage
$48.45
75th Percentile Wage
$60.60
90th Percentile Wage
$79.73

Table 2 shows the average hourly salary for financial managers in Mankato-North Mankato, Minnesota. The average hourly salary for the 90th percentile is $79.73. The median hourly salary is $48.45. The average hourly salary for the bottom 10 percent is $30.05.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial managers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016100,7801.93%15.79%
201598,8304.95%-
201493,9405.49%-
201388,7804.40%-
201284,870--

Table 3. Compare Financial Manager Salary in Mankato-North Mankato with Other Minnesota Cities

From Table 3 we note that with a median annual salary of $100,780, Mankato-North Mankato is the second highest paying city for financial managers in state of Minnesota, following the highest paying city Southeast Minnesota nonmetropolitan area (median annual salary of $103,220). Compared with Southeast Minnesota nonmetropolitan area, the median annual salary of financial managers in Mankato-North Mankato is 2.4 percent (2.4%) lower.

Cities/Areas Median Annual Salary
Southeast Minnesota nonmetropolitan area
$103,220
Mankato-North Mankato
$100,780
Rochester
$95,880
Southwest Minnesota nonmetropolitan area
$94,640
St Cloud
$90,090
Northwest Minnesota nonmetropolitan area
$86,680
Northeast Minnesota nonmetropolitan area
$76,400

See also: Top paying jobs in Mankato-North Mankato, Minnesota.