Financial Managers Salary in Minnesota
At $163,410 a year, the median for financial managers in Minnesota is close to the national median of $166,570 (−2%); Minnesota ranks 16th of 51 states by median. Financial Managers earn 2.9 times the median across all occupations in Minnesota ($56,920). Minnesota pays more than every neighbouring state: South Dakota, Wisconsin, North Dakota and Iowa range from $133,320 in Iowa to $159,700 in South Dakota. Minnesota employs 16,680 financial managers, 5.65 per 1,000 jobs, the 17th largest count of any state. A location quotient of 1.04 is close to the national share.
Minnesota vs the United States, May 2025
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| Minnesota | Hourly | $47.72 | $60.86 | $78.56 | $102.04 | $133.50 | $84.89 | 16,680 | 5.65 | 1.04 |
| Annual | $99,250 | $126,580 | $163,410 | $212,250 | $277,680 | $176,560 | ||||
| United States | Hourly | $45.34 | $60.33 | $80.08 | $105.76 | $155.42 | $89.86 | 841,710 | – | – |
| Annual | $94,310 | $125,490 | $166,570 | $219,980 | $323,270 | $186,910 | ||||
- Rank by median
- 16th of 51 states
- Rank by employment
- 17th of 51 states
- Location quotient
- 1.04
- Jobs per 1,000
- 5.65
Ranks count the 50 states and DC with a published value. The location quotient is the occupation's share of Minnesota's employment divided by its national share; 1.00 means the same share as the nation. Take-home pay at these wages: FastCalc's take-home pay calculator.
Metropolitan areas in Minnesota
9 metropolitan areas and 4 nonmetropolitan areas touching Minnesota publish a row for financial managers, sorted by median. Areas crossing a state line are listed under every state they touch; a linked metro has its own profile.
| Area | Median hourly | Median annual | 10th pct (annual) | 90th pct (annual) | Employment | Jobs per 1,000 | Location quotient |
|---|---|---|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $79.62 | $165,620 | $102,710 | $293,100 | 12,460 | 6.38 | 1.18 |
| Sioux Falls, SD-MN | $78.64 | $163,580 | $119,000 | $246,510 | 500 | 2.78 | 0.51 |
| Rochester, MN | $76.24 | $158,570 | $97,410 | $268,200 | 390 | 3.21 | 0.59 |
| Fargo, ND-MN | $65.85 | $136,970 | $92,870 | $236,930 | 810 | 5.45 | 1.01 |
| St. Cloud, MN | $65.27 | $135,760 | $95,130 | $231,880 | 490 | 4.71 | 0.87 |
| Mankato, MN | $64.76 | $134,710 | $81,640 | $220,990 | 210 | 3.80 | 0.70 |
| La Crosse-Onalaska, WI-MN | $64.08 | $133,280 | $80,710 | $233,420 | 370 | 4.40 | 0.81 |
| Grand Forks, ND-MN | $62.56 | $130,130 | $88,230 | $216,720 | 220 | 4.30 | 0.79 |
| Duluth, MN-WI | $60.96 | $126,800 | $83,510 | $210,110 | 420 | 3.34 | 0.62 |
| Southeast Minnesota nonmetropolitan area | $65.37 | $135,970 | $84,240 | $237,920 | 600 | 3.91 | 0.72 |
| Northwest Minnesota nonmetropolitan area | $62.16 | $129,290 | $85,570 | $209,990 | 580 | 2.99 | 0.55 |
| Southwest Minnesota nonmetropolitan area | $60.54 | $125,920 | $79,840 | $219,020 | 390 | 3.35 | 0.62 |
| Northeast Minnesota nonmetropolitan area | $58.68 | $122,050 | $74,900 | $200,120 | 140 | 3.08 | 0.57 |
Neighbouring states
| State | Median hourly | Median annual | Employment | Location quotient |
|---|---|---|---|---|
| Minnesota | $78.56 | $163,410 | 16,680 | 1.04 |
| Iowa | $64.10 | $133,320 | 9,130 | 1.08 |
| North Dakota | $65.33 | $135,890 | 2,140 | 0.92 |
| South Dakota | $76.78 | $159,700 | 1,000 | 0.40 |
| Wisconsin | $67.17 | $139,720 | 15,530 | 0.98 |
See the national page for Financial Managers (every state ranked) and the Minnesota wage profile (every occupation in the state).
Source and notes
Data: BLS OEWS May 2025, released 2026-05-15. Cross-industry estimates, all ownerships. BLS page: OEWS Minnesota estimates.
- Annual wages assume 2,080 hours a year at the hourly rate; occupations BLS publishes on one basis only show an en dash (–) on the other.
- Employment is rounded to the nearest 10 by BLS. Where BLS withholds a cell, nothing is estimated in its place.