Average Salary in Minnesota
Convert between annual salary and hourly rate for Minnesota workers
Minnesota Salary Overview
The average annual salary in Minnesota is $60,150, while the median salary sits at $52,070 per year. For a standard 40-hour work week, that translates to approximately $28.92/hour (average) or $25.03/hour (median). The minimum wage in Minnesota is currently $10.85/hour, which equals about $22,568/year for a full-time worker.
Minnesota's cost of living index is 97.1 (national average = 100), which means living in Minnesota is about the same as the national average. When evaluating a salary offer in Minnesota, it's important to consider this cost of living alongside the raw numbers.
Salary Quick Facts - Minnesota
| Metric | Value |
|---|---|
| Average Annual Salary | $60,150 |
| Median Annual Salary | $52,070 |
| Average Hourly Rate | $28.92/hr |
| Minimum Wage | $10.85/hr |
| Cost of Living Index | 97.1 (US avg = 100) |
| Average Monthly Salary | $5,012 |
Top Employers in Minnesota
Major employers in Minnesota include UnitedHealth Group, Mayo Clinic, Target. These organizations represent some of the largest job providers in the state across healthcare, technology, education, and other key industries.
Major Cities in Minnesota
The largest cities in Minnesota by population are Minneapolis, St. Paul, Rochester, Duluth, Bloomington. Salaries can vary significantly between metropolitan and rural areas, with urban centers typically offering higher wages but also higher costs of living.
How to Use This Calculator
Enter your annual salary to see the equivalent hourly rate, or enter an hourly rate to calculate the annual salary. Adjust the hours per week and weeks per year to match your work schedule. The default assumes a standard full-time schedule of 40 hours per week, 52 weeks per year (2,080 hours total).
Want to see your actual take-home pay after taxes in Minnesota? Use our Minnesota Take-Home Pay Calculator to factor in federal and state income taxes, Social Security, and Medicare.