The annual salary statistics of chief executives in Southwest Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage data of chief executives in Southwest Minnesota nonmetropolitan area is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $83,770 |
| 25th Percentile Wage | $111,920 |
| 50th Percentile Wage | $155,180 |
| 75th Percentile Wage | $184,300 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for chief executives in Southwest Minnesota nonmetropolitan area, Minnesota in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $184,300. The median (50th percentile) annual salary is $155,180. The average annual salary for the bottom 10 percent earners is $83,770.
The table and chart below show the trend of the median salary of chief executives from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $155,180 | 16.86% | 27.45% |
| 2018 | $129,010 | 1.22% | - |
| 2017 | $127,430 | 1.14% | - |
| 2016 | $125,980 | 2.18% | - |
| 2015 | $123,230 | 7.03% | - |
| 2014 | $114,570 | 8.27% | - |
| 2013 | $105,090 | -7.14% | - |
| 2012 | $112,590 | - | - |
From Table 3 we note that the median annual salary of $155,180 in Southwest Minnesota nonmetropolitan area is in the middle of salary range for chief executives in state of Minnesota. In comparison, the annual salary of chief executives in Southwest Minnesota nonmetropolitan area is 4.7 percent (4.7%) lower than that in the highest paying Mankato-North Mankato and 9.7 percent (9.7%) higher than that in the lowest paying Northeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Mankato-North Mankato | |
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Rochester | |
| Northeast Minnesota nonmetropolitan area |