Average Financial Analyst Salary in Minnesota
Finance · Updated 2024 · Based on BLS and industry data
Salary Overview
The average Financial Analyst in Minnesota earns $99,900 per year, which is at the national average of $99,890. This translates to approximately $48.03 per hour, $3,842 biweekly, or $8,325 per month before taxes.
The cost of living in Minnesota is 0% below the national average, roughly in line with the national average.
Salary Range
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| Entry Level (25th) | $74,900 | $36.01 |
| Average (50th) | $99,900 | $48.03 |
| Experienced (75th) | $114,900 | $55.23 |
| Top Earners (90th) | $129,900 | $62.45 |
Financial Analyst Salary by City in Minnesota
| City | Average Salary | Monthly |
|---|---|---|
| Minneapolis | $107,900 | $8,992/mo |
| Saint Paul | $101,900 | $8,492/mo |
| Rochester | $97,900 | $8,158/mo |
| Duluth | $94,900 | $7,908/mo |
| Bloomington | $92,900 | $7,742/mo |
Career Quick Facts
| Detail | Information |
|---|---|
| Job Category | Finance |
| Typical Education | Bachelor's degree |
| Job Growth (2022-2032) | 8% (nationwide) |
| State Income Tax | 5.35%-9.85% (4 brackets) |
| State Minimum Wage | $10.85/hr |
| Cost of Living Index | 1.00 (+0% vs national avg) |
Top Employers in Minnesota
Major employers hiring Financial Analysts in Minnesota include UnitedHealth Group, 3M, Target, Best Buy, and Mayo Clinic. These companies and organizations offer competitive salaries and benefits packages for finance professionals.
Calculate Your Minnesota Take-Home Pay
Want to see your actual paycheck after taxes? Use our free Minnesota Take-Home Pay Calculator to see exactly how much you'll take home based on your salary, filing status, and deductions.
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