The annual salary statistics of tax preparers in Southwest Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage statistics of tax preparers in Southwest 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 | $23,300 |
| 25th Percentile Wage | $37,450 |
| 50th Percentile Wage | $47,900 |
| 75th Percentile Wage | $53,790 |
| 90th Percentile Wage | $59,590 |
Table 1 shows the average annual salary for tax preparers 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 $59,590. The median (50th percentile) annual salary is $47,900. The average annual salary for the bottom 10 percent earners is $23,300.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $47,900 | -17.91% | -1.13% |
| 2020 | $56,480 | 3.06% | - |
| 2019 | $54,750 | 7.89% | - |
| 2018 | $50,430 | 2.14% | - |
| 2017 | $49,350 | 1.84% | - |
| 2016 | $48,440 | 23.89% | - |
| 2014 | $36,870 | 7.54% | - |
| 2013 | $34,090 | -42.09% | - |
| 2012 | $48,440 | - | - |
From Table 3 we note that the median annual salary of $47,900 in Southwest Minnesota nonmetropolitan area is in the middle of salary range for tax preparers in state of Minnesota. In comparison, the annual salary of tax preparers in Southwest Minnesota nonmetropolitan area is 12.4 percent (12.4%) lower than that in the highest paying St Cloud and 41.6 percent (41.6%) higher than that in the lowest paying Mankato-North Mankato.
| Cities/Areas | Median Annual Salary |
|---|---|
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Rochester | |
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| Mankato-North Mankato |