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Financial Manager Salary in Northeast Minnesota nonmetropolitan area, Minnesota

The annual salary statistics of financial managers in Northeast Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage data of financial managers in Northeast 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].

Table 1. Annual Salary of Financial Managers in Northeast Minnesota nonmetropolitan area, Minnesota

Percentile Bracket	Average Annual Salary
10th Percentile Wage	$66,640
25th Percentile Wage	$75,430
50th Percentile Wage	$91,980
75th Percentile Wage	$109,240
90th Percentile Wage	$128,140

Table 1 shows the average annual salary for financial managers in Northeast Minnesota nonmetropolitan area, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,140. The median (50th percentile) annual salary is $91,980. The average annual salary for the bottom 10 percent earners is $66,640.

Median salary trend (2012 to 2019)

The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.

Year	Median Salary	Yearly Growth	7-Year Growth
2019	$91,980	5.04%	18.72%
2018	$87,340	5.06%	-
2017	$82,920	7.86%	-
2016	$76,400	-13.70%	-
2015	$86,870	8.69%	-
2014	$79,320	5.55%	-
2013	$74,920	0.21%	-
2012	$74,760	-	-

Table 2. Compare Financial Manager Salary in Northeast Minnesota nonmetropolitan area with Other Minnesota Cities

From Table 3 we note that with a median annual salary of $91,980, Northeast Minnesota nonmetropolitan area is the lowest paying city for financial managers in state of Minnesota, following city of Southeast Minnesota nonmetropolitan area (median annual salary of $108,140). Also we note that in comparison, the annual salary of financial managers in Northeast Minnesota nonmetropolitan area is about 14.9 percent (14.9%) lower than that of the highest paying city Southeast Minnesota nonmetropolitan area.

Cities/Areas	Median Annual Salary
Southeast Minnesota nonmetropolitan area	$108,140
St Cloud	$103,550
Mankato-North Mankato	$101,900
Rochester	$101,240
Southwest Minnesota nonmetropolitan area	$98,460
Northwest Minnesota nonmetropolitan area	$92,240
Northeast Minnesota nonmetropolitan area	$91,980