The annual salary statistics of financial managers in Mankato-North Mankato, Minnesota is shown in Table 1. The wage data of financial managers in Mankato-North Mankato is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $61,390 |
| 25th Percentile Wage | $79,470 |
| 50th Percentile Wage | $101,900 |
| 75th Percentile Wage | $135,460 |
| 90th Percentile Wage | $178,600 |
Table 1 shows the average annual salary for financial managers in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $178,600. The median (50th percentile) annual salary is $101,900. The average annual salary for the bottom 10 percent earners is $61,390.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $101,900 | 1.45% | 16.71% |
| 2018 | $100,420 | 1.50% | - |
| 2017 | $98,910 | -1.89% | - |
| 2016 | $100,780 | 1.93% | - |
| 2015 | $98,830 | 4.95% | - |
| 2014 | $93,940 | 5.49% | - |
| 2013 | $88,780 | 4.40% | - |
| 2012 | $84,870 | - | - |
From Table 3 we note that the median annual salary of $101,900 in Mankato-North Mankato is in the middle of salary range for financial managers in state of Minnesota. In comparison, the annual salary of financial managers in Mankato-North Mankato is 5.8 percent (5.8%) lower than that in the highest paying Southeast Minnesota nonmetropolitan area and 9.7 percent (9.7%) higher than that in the lowest paying Northeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southeast Minnesota nonmetropolitan area | |
| St Cloud | |
| Mankato-North Mankato | |
| Rochester | |
| Southwest Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area | |
| Northeast Minnesota nonmetropolitan area |