Chief Executives Salary
Chief Executives in Minnesota make a median of $195,670 a year, or about $94.07 an hour. The range runs from $93K at the entry level to $449K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $211,307 in buying power. Rent on a 2-bedroom averages $1,384/month, or 12.4% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
Where the paycheck goes
What $196K actually covers in Minnesota, month by month
About chief executives
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What this looks like in Minnesota
Chief executives pay in Minnesota tracks closely to the national median, $196K locally vs. $214K nationwide, a 9% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,384/month, 12.5% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level chief executives (10th percentile) start around $93K. Mid-career wages sit at $196K. Top earners bring in $449K or more, a $357K spread from bottom to top.
Chief Executives salary by metro in Minnesota
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $210K | +7% | 4,500 |
| Rochester | $195K | -0% | 190 |
| St. Cloud | $185K | -6% | 210 |
| Mankato | $171K | -12% | 120 |
| Duluth | $158K | -19% | 240 |
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BLS updates this data annually. We'll email you when Minnesota numbers change.
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Quick answers
The stuff people actually ask about this job
Can a chief executif afford a 2BR apartment alone in Minnesota?
Yes — at the median salary of $196K, rent takes 12.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for chief executives in Minnesota?
The 10th-percentile wage — what new chief executives typically earn — is $93K/year. Take-home on that works out to about $5,719/month. At HUD’s $1,384/month FMR, rent would take 24% of that take-home — manageable on an entry-level income.
Is chief executif a high-paying job in Minnesota?
Pay here is roughly in line with the national average — $196K locally vs. $214K nationally, a 9% difference.
How does Minnesota compare to the national average for chief executives?
Minnesota pays $196K median vs. the U.S. average of $214K — that’s -9%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $211K — below the national median.
How much do chief executives make in Minnesota?
The median is $195,670 a year, that works out to about $94 an hour. But the range is wide: entry-level workers start around $92,540, and experienced chief executives can clear $449,270. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $196K enough to live in Minnesota?
On that salary, you'd take home roughly $11,080/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 12.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a chief executives salary go in Minnesota?
Minnesota has a Regional Price Parity of 92.6 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median chief executives salary is worth about $211,307 in national-average purchasing power.
Where do chief executives get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.