Minnesota Median
$163,410
per year
Hourly Rate
$78.56
based on 2,080 hrs/yr
vs National
-2% vs US median
US median $166,570
State Rank
#16 of 51
16,680 employed here
How much does a Financial Manager make in Minnesota?
A Financial Manager working in Minnesota earns a median salary of $163,410 per year, or about $78.56 per hour. That is 2% below the national median of $166,570 for this occupation.
Within Minnesota, entry-level pay starts around $99,250 while the top 10% make $277,680 or more. The middle 50% of earners fall between $126,580 and $212,250 a year.
Financial Manager salary range in Minnesota
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $99,250 | $47.72 |
|
| 25th percentile (early career) | $126,580 | $60.86 |
|
| 50th percentile (median) | $163,410 | $78.56 |
|
| 75th percentile (experienced) | $212,250 | $102.04 |
|
| 90th percentile (top earners) | $277,680 | $133.50 |
|
How Minnesota compares
Minnesota ranks 16th out of 51 states and territories for Financial Manager pay. The top 5 best-paying states:
Financial Manager salary in other states
New York $219,880Massachusetts $206,760New Jersey $199,110District of Columbia $188,880Virginia $185,220Colorado $182,690Delaware $181,580California $180,770Washington $174,840Connecticut $174,830Rhode Island $166,940Georgia $166,790North Carolina $166,780Illinois $165,880Texas $164,860South Dakota $159,700Kansas $159,380Maryland $158,750Oregon $156,460Florida $153,280Utah $150,450Pennsylvania $145,610New Hampshire $144,730Missouri $143,460Tennessee $141,010Ohio $140,870Alabama $140,500Nebraska $140,360Arizona $139,830Wisconsin $139,720Michigan $139,370South Carolina $136,160North Dakota $135,890Indiana $135,840Hawaii $134,210New Mexico $133,700Maine $133,610Iowa $133,320Nevada $132,490Oklahoma $132,460Montana $131,060Kentucky $130,650Vermont $128,690Idaho $127,210Alaska $127,030Louisiana $126,800Wyoming $124,910Arkansas $116,570West Virginia $113,140Mississippi $111,390
Working as a Financial Manager in Minnesota
Nationally, about 842,000 people work as Financial Managers in the United States. A master's degree (usually 5 to 6 years of college) is typically required.
Considering a move? Compare Minnesota pay ($163,410) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Financial Manager make in Minnesota?
The median Financial Manager salary in Minnesota is $163,410 per year, or about $78.56 per hour, per official BLS state wage estimates. Salaries typically range from $99,250 at the entry level to $277,680 for the top 10% of earners.
How does Minnesota pay compare to the national average?
Minnesota pays Financial Managers about 2% less than the national median of $166,570. Minnesota ranks 16th out of 51 states and territories reporting this occupation.
Is Minnesota a good state for Financial Managers?
Pay runs below the national median here, at $163,410 a year. About 16,680 Financial Managers are employed in Minnesota. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in Minnesota?
The highest-paying occupations in Minnesota include Radiologist ($708,340), Dermatologist ($625,790), Surgeon, All Other ($568,150), based on median annual pay in official BLS state estimates.
← See the national Financial Manager salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.