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Financial Manager Salary Information in Rochester, Minnesota

The annual and hourly salary statistics of financial managers in Rochester, Minnesota are shown in Table 1 and Table 2, respectively. The wage data of financial managers in Rochester 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 Rochester, Minnesota

Percentile BracketAverage Annual Salary
10th Percentile Wage
$66,710
25th Percentile Wage
$77,890
50th Percentile Wage
$95,880
75th Percentile Wage
$117,680
90th Percentile Wage
$145,600

Table 1 shows the average annual salary for financial managers in Rochester, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $145,600. The median (50th percentile) annual salary is $95,880. The average annual salary for the bottom 10 percent earners is $66,710.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$32.07
25th Percentile Wage
$37.45
50th Percentile Wage
$46.10
75th Percentile Wage
$56.58
90th Percentile Wage
$70.00

Table 2 shows the average hourly salary for financial managers in Rochester, Minnesota. The average hourly salary for the 90th percentile is $70.00. The median hourly salary is $46.10. The average hourly salary for the bottom 10 percent is $32.07.

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
201695,8800.47%-4.51%
201595,430-1.84%-
201497,190-3.20%-
2013100,3000.10%-
2012100,200--

Table 3. Compare Financial Manager Salary in Rochester with Other Minnesota Cities

From Table 3 we note that the median annual salary of $95,880 in Rochester is in the middle of salary range for financial managers in state of Minnesota. In comparison, the annual salary of financial managers in Rochester is 7.1 percent (7.1%) lower than that in the highest paying Southeast Minnesota nonmetropolitan area and 20.3 percent (20.3%) higher than that in the lowest paying Northeast Minnesota nonmetropolitan area.

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 Rochester, Minnesota.