The annual salary statistics of financial managers in Southwest Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage statistics of financial managers 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 | $66,420 |
| 25th Percentile Wage | $82,000 |
| 50th Percentile Wage | $98,460 |
| 75th Percentile Wage | $120,510 |
| 90th Percentile Wage | $152,090 |
Table 1 shows the average annual salary for financial managers in Southwest 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 $152,090. The median (50th percentile) annual salary is $98,460. The average annual salary for the bottom 10 percent earners is $66,420.
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 | $98,460 | 1.44% | 14.03% |
| 2018 | $97,040 | -4.33% | - |
| 2017 | $101,240 | 6.52% | - |
| 2016 | $94,640 | 6.04% | - |
| 2015 | $88,920 | 7.82% | - |
| 2014 | $81,970 | -4.44% | - |
| 2013 | $85,610 | 1.12% | - |
| 2012 | $84,650 | - | - |
From Table 3 we note that the median annual salary of $98,460 in Southwest Minnesota nonmetropolitan area is in the middle of salary range for financial managers in state of Minnesota. In comparison, the annual salary of financial managers in Southwest Minnesota nonmetropolitan area is 9.0 percent (9.0%) lower than that in the highest paying Southeast Minnesota nonmetropolitan area and 6.6 percent (6.6%) higher than that in the lowest paying Northeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southeast Minnesota nonmetropolitan area | |
| St Cloud | |
| Mankato-North Mankato | |
| Rochester | |
| Southwest Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area | |
| Northeast Minnesota nonmetropolitan area |