The annual salary statistics of tax preparers in Northwest Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage statistics of tax preparers in Northwest Minnesota nonmetropolitan area is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $29,430 |
| 25th Percentile Wage | $37,000 |
| 50th Percentile Wage | $50,450 |
| 75th Percentile Wage | $66,560 |
| 90th Percentile Wage | $76,960 |
Table 1 shows the average annual salary for tax preparers in Northwest 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 $76,960. The median (50th percentile) annual salary is $50,450. The average annual salary for the bottom 10 percent earners is $29,430.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $50,450 | 7.55% | 39.37% |
| 2021 | $46,640 | 21.53% | - |
| 2020 | $36,600 | -32.46% | - |
| 2019 | $48,480 | 15.45% | - |
| 2018 | $40,990 | 2.37% | - |
| 2017 | $40,020 | 10.82% | - |
| 2016 | $35,690 | -2.55% | - |
| 2015 | $36,600 | 9.81% | - |
| 2014 | $33,010 | -0.48% | - |
| 2013 | $33,170 | 7.78% | - |
| 2012 | $30,590 | - | - |
From Table 3 we note that with a median annual salary of $50,450, Northwest Minnesota nonmetropolitan area is the second highest paying city for tax preparers in state of Minnesota, following the highest paying city St Cloud (median annual salary of $54,680). Compared with St Cloud, the median annual salary of tax preparers in Northwest Minnesota nonmetropolitan area is 7.7 percent (7.7%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Rochester | |
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| Mankato-North Mankato |